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Saudi Arabia, UAE accelerating deals with investors
WITH HOPES that their season in hell could be approaching an end, airline stocks are on a tear.
LONDON: Probably the best thing to say about world financial markets so far this year is simply that it has been quite a ride. If somehow you missed the coronavirus slamming the global economy like a wrecking ball, current market levels certainly do not reveal the wild swings that unprecedented events unleashed.
AFTER two days of high drama, low farce and long periods of tedium, the Opec+ group of countries, led by Saudi Arabia and Russia, almost agreed to cut their oil production by an initial 10 million barrels a day in response to the coronavirus-triggered collapse in demand. That “almost” is important.
BOOKSTORE chains have been on the decline for some time now. But while physical stores have been rapidly closing their doors, online stores are open for business.