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02:42, 03 September 2014 Wednesday
Economy

10:55, 30 August 2014 Saturday
Brazil economy slips into recession

A little more than a month ahead of general elections, new figures shows the Brazilian economy contracted by 0.6 percent in the second quarter of 2014

22:03, 29 August 2014 Friday
Russia offers discount on gas to Ukraine warns of disruptions

Russia cut off the gas flow in mid-June after the two sides failed to agree on pricing and debts owed for previous gas supplies.

11:38, 29 August 2014 Friday
Tragedy-hit Malaysia Airlines to cut 6 000 jobs to survive

Malaysia Airlines will be de-listed from the Kuala Lumpur exchange by the end of 2014

09:39, 28 August 2014 Thursday
Venezuela mulls importing Algerian crude

Venezuela's Petroleum minister, Rafael Ramirez, said earlier this year that PDVSA could import crude as a "last resort" to find diluents for its heavy crudes

17:11, 27 August 2014 Wednesday
Ebola causing huge damage to W Africa economies

Air France, the French network of Air France-KLM said on Wednesday it has suspended its flights to Sierra Leone following advice from the French government

16:32, 27 August 2014 Wednesday
Ukraine says Russia plans to block gas flows to Europe

Ukrainian Prime Minister Arseny Yatseniuk said that Kiev knew of plans by Russia to halt gas flows this winter to Europe

12:27, 27 August 2014 Wednesday
IMF's Lagarde put under investigation in fraud case

The inquiry into tycoon Bernard Tapie has embroiled several of former president Nicolas Sarkozy's cabinet members including Lagarde.

12:05, 27 August 2014 Wednesday

The riot broke out in the southern industrial hub of Johor state on Tuesday at a factory run by JCY International , a Malaysian firm that makes parts for electronic giants including Samsung, Hitachi and Western Digital.

11:52, 27 August 2014 Wednesday
Hawaii US territories to import Liquefied Natural Gas

Hawaii and U.S. territories have strong dependency on petroleum imports, because of their physical isolation and lack of fossil fuel resources, while their residential electricity prices have been three to five times the average residential prices of the mainland U.S.

10:58, 27 August 2014 Wednesday
Impasse over Kurdish tanker near Texas to drag on

Buyers of Kurdish crude could face lawsuits from Baghdad if the oil moves close to U.S. soil and would also require the seller to provide costly indemnities against potential lawsuits

10:36, 27 August 2014 Wednesday
Stricken Malaysia Airlines staff brace for job cuts

Deep job losses, route cuts and a change of leadership are expected to feature in a restructuring plan being prepared by Malaysia's government

10:05, 27 August 2014 Wednesday
Burger King buys Tim Hortons for 11 billion

New company will create the third largest global fast-food chain with annual sales of US$23 billion.

09:33, 27 August 2014 Wednesday

Once the international language of royal courts and diplomacy, French has lost ground to English in recent decades

16:38, 26 August 2014 Tuesday
Italy struggles with Plan B if Russian gas supplies cut

With Russian and Libyan imports at risk, Algeria has become key in safeguarding supplies.

12:36, 26 August 2014 Tuesday
Austrian finance minister quits in tax reform row

Clashes over economic policy also forced a government reshuffle in France this week as a political battle raged in Europe over whether belt-tightening had gone too far at the expense of economic growth.

09:19, 24 August 2014 Sunday
Swedish govt says to raise more taxes if re-elected

The most recent polls show the four-party centre-right coalition government trailing the centre-left opposition by more than 10 points.

09:11, 24 August 2014 Sunday
First stage of Iran-Iraq gas pipeline completed

The Iranian section of the 97km long pipeline completed

16:58, 23 August 2014 Saturday
Jordan to import natural gas from Gaza field

Gamal Qumwa, the chairperson of the energy committee in the Jordanian parliament, said that the preliminary agreement includes supplying Jordan with 150 cubic feet of natural gas from Gaza's field.



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