A group of European banks, including HSBC and Credit Agricole, stand to regain millions of pounds after Saudi Arabia’s Algosaibi family dramatically dropped their case in which they disowned the debts. A group of European banks, including HSBC and Credit Agricole, stand to regain millions of pounds after Saudi Arabia’s Algosaibi family dramatically dropped their […]
European banks set to recover millions from Saudi family
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Markets dive on growth fears, shock drop in oil prices
Stock markets dropped sharply and the euro slid after oil prices tumbled and an unexpected jump in Americans claiming for unemployment benefits compounded an already gloomy outlook for the global economy. Oil prices crashed more than $7 a barrel to a four-month low on Thursday after the world’s consumer nations said they would band together […]
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A world full of Oil
Oil, non-renewable energy source, is already showing signs of exhaustion at the level of world reserves and its production rate. To this fact must be added the concern increased demand. So in 10 years consumption will increase by 20 million barrels a day and at the same rate of growth, demand in 2020 will […]
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