Bloomberg Russia sees oil prices averaging $50 to $55 a barrel in 2021 as the development of Covid-19 vaccines spurs an economic recovery, said Energy Minister Alexander Novak. That would be an improvement from this year and enough to cover Russia’s budget, but still well below pre-pandemic levels and too low for many of Moscow’s OPEC+ allies. “Globally, big work ...

Strategists at JPMorgan Chase & Co wrote about the odds narrowing on a Donald Trump win in the US presidential election. His opponent, Joe Biden, is still comfortably ahead in the polls, but the bank’s commentary got me thinking about what impact the result might have on Europe’s markets, not least on the euro. What would four more years of ...

While US tech giants fall over themselves trying to snap up TikTok’s American business, there’s a large slice of the global short-video service that seems to be forgotten. Ever the deal hound, SoftBank Group Corp’s Masayoshi Son seems to have dug up what could be the smartest move he’ll make this year. Already an investor in TikTok parent ByteDance, SoftBank ...