Bloomberg Saudi Arabia, Russia and other large oil producers are negotiating for a deal to stem the historic price rout, even as leaders trade barbs in public. “President Putin and Russian side in general are keen to engage in constructive negotiations, which is the only way to stabilise the international energy market,” Kremlin spokesman Dmitry Peskov said in a pre-recorded ...

ABU DHABI / WAM Abu Dhabi National Insurance Company (Adnic) contributed AED3 million to Ma’an Abu Dhabi towards the ‘Together We Are Good’ programme to support the UAE community in addressing the impact of Covid-19. Adnic commends the UAE authorities for taking fast and decisive action to fight against the spread of Covid-19 and extends its gratitude to the brave ...

Bloomberg The sinking global economy is suffering through a colossal disinflationary shock that could briefly push it into dangerous deflation territory for the first time in decades. With many national economies all but shutting down in an effort to contain the coronavirus, prices on everything from oil and copper to hotel rooms and restaurant take-out are tumbling. “A powerful disinflationary ...