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Marathon Petroleum to permanently close two U.S. oil refineries By Reuters

Marathon Petroleum to permanently close two U.S. oil refineries By Reuters

© Reuters. FILE PHOTO: Robert Giatras fuels-up his car at a Speedway gas station in Des Plaines, Illinois By Erwin Seba HOUSTON (Reuters) – Marathon Petroleum (N:) plans to permanently close two small U.S. oil…

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stricter European rules will have repercussions in Australia as global divisions grow

stricter European rules will have repercussions in Australia as global divisions grow

A big year for privacy just got bigger. On July 16, Europe’s top court ruled on the legality of two mechanisms for cross-border transfers of personal data. The Court of Justice of the European Union…

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the pros, cons and potential pitfalls

the pros, cons and potential pitfalls

The International Monetary Fund (IMF) has approved a R70 billion (US$4.3 billion) loan for South Africa to help the country manage the immediate consequences of the fallout from COVID-19. The Conversation Africa’s editor, Caroline Southey,…

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Gold Bulls Back in Control as Race for $2,000 Continues By Investing.com

Gold Bulls Back in Control as Race for $2,000 Continues By Investing.com

By Barani Krishnan Investing.com – One day — that’s all the bears in gold could manage in keeping gold prices down as the yellow metal bounced back Friday from a brief selloff across markets forced…

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Why African countries are reluctant to take up COVID-19 debt relief

Why African countries are reluctant to take up COVID-19 debt relief

A debt service relief package has been approved by some of the world’s biggest lenders for more than 25 African countries. The arrangement includes the World Bank, the International Monetary Fund, the G20, the African…

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Oil Ends July Slightly up, With Foreboding Shadow of OPEC Supply By Investing.com

Oil Ends July Slightly up, With Foreboding Shadow of OPEC Supply By Investing.com

© Reuters. By Barani Krishnan and Geoffrey Smith  Investing.com – Like a shadow in the background that could suddenly leap to the front depending on how the light is cast, OPEC’s looming supply increase is…

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10 things we do that puzzle and scare horses

10 things we do that puzzle and scare horses

Horses, like our dogs and cats, are familiar to many of us, be they racehorses, police horses, or much-loved pony club mounts. So it might surprise you that horses, in Australia, are more deadly than…

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South Africa needs better food price controls to shield poor people from COVID-19 fallout

South Africa needs better food price controls to shield poor people from COVID-19 fallout

COVID-19 has wrought havoc on poor households in countries across the world. In South Africa, more and more people are facing hunger resulting from mass job losses and small, poorly implemented supplementary cash grants. On…

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Exxon, Chevron Earnings Gutted by Virus-Driven Demand Collapse By Bloomberg

Exxon, Chevron Earnings Gutted by Virus-Driven Demand Collapse By Bloomberg

© Reuters. Exxon, Chevron Earnings Gutted by Virus-Driven Demand Collapse (Bloomberg) — Exxon Mobil Corp (NYSE:). and Chevron Corp. (NYSE:) posted the worst losses in a generation after the pandemic and a global crude glut…

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In a world first, Australia plans to force Facebook and Google to pay for news (but ABC and SBS miss out)

In a world first, Australia plans to force Facebook and Google to pay for news (but ABC and SBS miss out)

The Australian Competition and Consumer Commission has released its draft news media bargaining code, announced today by Treasurer Josh Frydenberg. The draft code allows commercial news businesses to bargain – individually or collectively – with…

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