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Algeria's proven oil reserves amount to 1,340 million tons, or 10 billion barrels, according to data from Energy Minister Mohamed Arkab, made public on Sunday in Algiers. "Algeria's proven oil reserves are 1.340 million tons or 10 billion barrels and at this current rate, we still have 27 years of...
China’s Geely Automobile Holdings Ltd (0175.HK) on Monday said 2020 may be “amongst the most difficult years” in its history, as pressure stemming from the coronavirus pandemic on production and sales is likely to persist in the near future. The automaker, based in the eastern province of Zhejiang, also said...
The largest U.S. airline also said it is considering launching service from the United States to Doha. Starting in 2015, the largest U.S. carriers argued their Gulf rivals were being unfairly subsidized by their governments, distorting competition and costing U.S. jobs - something the Gulf carriers deny. “The issues that led...
Warren Buffett on Saturday forcefully defended Berkshire Hathaway Inc’s (BRKa.N) decision to invest heavily in stocks of companies such as Apple Inc (AAPL.O) as he labors through a four-year drought since his last major acquisition of a company. Buffett, 89, also used his annual letter to Berkshire shareholders to assure...
Nissan’s new chief executive said on Tuesday he would accept being fired if he fails to turn around Japan’s second biggest automaker which is grappling with plunging sales in the aftermath of the scandal surrounding ex-chairman Carlos Ghosn. Makoto Uchida, who took over the top job in December, put his...
As tomato season in Mexico comes into peak, supplies of organic heirloom tomatoes are steady. “This is probably our biggest heirloom year to date. Every year we’ve increased acreage by between five to six percent because of our demand,” says Alex Madrigal of Covilli Brand Organics Inc. in Nogales, Ariz. While...
The leverage ratio of China's real economy increased last year, according to a report released by the National Institution for Finance and Development. The overall debt ratio of households, non-financial enterprises and governments rose to 245.4 percent in 2019, up 6.1 percentage points from the previous year. The rise followed a...
DP World, one of the world’s largest port operators, is delisting from the Nasdaq Dubai and returning to fully private ownership, the company announced Monday. The UAE-owned port behemoth’s parent company, Port and Free Zone World, has offered to buy the 19.55% of DP World’s shares traded on the Nasdaq...
The recent attack on the Algerian military barracks close to the border with Mali is a reminder of the unresolved threat from Isis in north Africa and of the vulnerability of Algeria. With a 1,500km desert border with Libya and Mali and a worsening economic situation because of falling oil...
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