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Explainer: Big cuts in oil production from OPEC and others
(Reuters) – Worldwide oil producers, led by OPEC, are expected to cut production by roughly 20 million barrels per day (bpd), roughly equal to 20% of global daily supply, through a combination of mandated cuts, production falls due to poor economics, and purchases into oil reserves. WHO IS CUTTING OIL PRODUCTION? The Organization of the […]
Fran O’Sullivan: SkyCity Entertainment looks to luck of the Irish for rocky road ahead
SkyCity Entertainment chief executive Michael Ahearne has a great passion for the business. He will tell you so himself with a lilting voice which does not quite disguise his Irish origins even after some 20 years outside of Ireland in the global gaming and entertainment industry. “I would say I am an authentic person. I’m […]
U.N. chief says global recession due to coronavirus ‘a near certainty’
By Michelle Nichols NEW YORK (Reuters) – United Nations Secretary-General Antonio Guterres warned on Thursday that a global recession “is a near certainty” and current national responses to the coronavirus pandemic “will not address the global scale and complexity of the crisis.” “This is a moment that demands coordinated, decisive, and innovative policy action from […]