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The European Commission will propose allocating €750 billion to the European Union economy to help it recover from the coronavirus crisis, German news agency DPA reported on Wednesday.
US President Donald Trump said on Thursday that his difficult trade agreement with China is now of secondary importance to the coronavirus. He is threatening new tariffs
Banks in the euro area have recorded an increase in demand for emergency credit from corporate clients during the first quarter. This according to a survey of bank lending released by the European Central
Russian Energy Minister Alexander Novak said today that oil markets will begin to balance once the production agreement takes effect in May, while it is unlikely that there will be a significant increase in
US net oil producers, refiners and pipelines are competing for cash and are likely facing restructuring because they are struggling under the burden of heavy debt and shocks in both supply and
Following the recent strong fall in global oil prices, Goldman Sachs expects the markets to gradually come back to balance
US oil futures traded in a negative range on Tuesday, after nearly $40 in the previous session, plunging to their first ever drop below zero levels, as fears of running out of storage space in the sector increased due to oversupply.
Quoting unnamed government sources, the Spanish daily, El Pais, said that Spanish Prime Minister Pedro Sanchez will propose that the European Union (EU) establish a €1.5 trillion economic recovery plan through permanent EU debt.
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