In the wake of the historic global economic shutdown in response to the Covid-19 pandemic, governments are unleashing trillions of dollars in a bid to create jobs and spur economic recovery. The scale of this stimulus is unprecedented, in some cases amounting to more than 10% of countries’ gross domestic product. At the same time, an overwhelming number of economists, finance ministers, and business leaders are saying that much of that money needs to help—and certainly not hinder—our ability to cut emissions.
Passengers arriving in the U.K. will be forced into quarantine for two weeks and face fines of 1,000 pounds ($1,217) if they break the rules, under measures set to be announced on Friday.
Trade body Oil and Gas UK (OGUK) said it is “continuing to work with the government” on sector-specific guidance for easing the lockdown in the industry.
Industry chiefs are fighting in Westminster and Capitol Hill to support global helicopter firms that operate in the UK North Sea, warning some “will probably not survive”.
In a recent article I described the mechanisms which drive the market structures of backwardation and contango, which explained how and why the market got into negative territory, with a steep contango forward curve. But having got there, how does that same understanding of market behaviour help us form a view of where we go from here?
Electric vehicles generally don’t coast; they are designed either to accelerate or brake at any given time. The electric vehicle market is much the same.
An “unprecedented” number of enquiries amid the latest oil downturn is expected to see an Aberdeen-based business nearly double its headcount and boost turnover.
The debate on how best UK businesses can safely return to work is gathering pace - and volume - with employers now carefully picking through the various advice, regulations and laws put in place by Westminster and Holyrood to counter the impact of Covid-19.
Following the Covid-19 outbreak, the Competition and Markets Authority (CMA), has indicated it will relax enforcement of the competition rules under certain circumstances.
A historic crash in oil prices and fallout from the coronavirus pandemic will accelerate asset sales in the Middle East and open up a gap for sovereign wealth funds to make “opportunistic investments,” according to HSBC Holdings Plc.
Offshore workers have said they’ve been “dumped” by a major recruitment firm after it decided not to offer the UK furlough scheme due to holiday pay concerns.
