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Roundup: Oil prices cap worst week since 2020 amid reserves release
NEW YORK, April 1 (Xinhua) -- Oil prices fell on Friday, capping their worst week in nearly two years, as supply concerns eased on reserves release. The West Texas Intermediate (WTI) for May delivery lost 1.01 U.S. dollars, or 1 percent, to settle at
Iraq's oil export revenue hits monthly high since 1972: ministry
BAGHDAD, April 1 (Xinhua) -- Iraq exported more than 100.56 million barrels of crude oil in March, bringing in revenues of 11.07 billion U.S. dollars, the highest monthly revenue since 1972, the Iraqi oil ministry said on Friday. The average selling
World Bank approves 200 mln USD to strengthen health system in South Sudan
JUBA, April 1 (Xinhua) -- The World Bank said Friday it has approved 200 million U.S. dollars to help support South Sudans health care system to respond to the COVID-19 pandemic. This additional financing will help the government of South Sudan addre
Biden announces ＂historic＂ oil reserve release amid elevated gas prices
WASHINGTON, March 31 (Xinhua) -- U.S. President Joe Biden on Thursday announced that his administration will release 1 million barrels of oil per day for the next six months from its strategic reserve in an effort to tame the elevated gas prices. The
Dow plunges 550 points, Wall Street logs worst quarter in 2 years
U.S. stocks tumbled on Thursday with all the three major indexes posting their worst quarter since the pandemic crash in 2020.
Oil prices drop as U.S. announces massive crude reserve release
Oil prices dropped on Thursday as the United States announced a record release from the nation's crude reserves.
News Analysis: Italian economy hit hard by rising gas prices
ROME, March 31 (Xinhua) -- Italy is among the countries hardest hit by the ongoing conflict between Russia and Ukraine, with rising energy prices weighing heavily on the countrys post-pandemic economic recovery. This week, the ratings company Standar
S.Korea's industrial output falls for 2 months in February
SEOUL, March 31 (Xinhua) -- South Koreas industrial output fell for two straight months in February as the spread of the Omicron COVID-19 variant roiled the face-to-face services industry, statistical office data showed Thursday. The seasonally-adjus
Japan's industrial production edges up in February, car output rebounds
TOKYO, March 31 (Xinhua) -- Japans industrial output edged slightly higher in February from a month earlier, inching up 0.1 percent to mark the first rise in three months, the government said in a report on Thursday. According to the Ministry of Econ
Aussie unions push for 5 pct pay rise for low-paid workers
CANBERRA, March 31 (Xinhua) -- Australias top union boss has called for a 5 percent pay rise for low-paid workers. Sally McManus, secretary of the Australian Council of Trade Unions (ACTU) on Thursday announced the unions would appeal to the Fair Wor
Portugal's 16.6 bln euro recovery plan to boost economic cooperation with China
LISBON, March 30 (Xinhua) -- New opportunities for investment and enhanced economic ties between China and Portugal are on the horizon thanks to the Portuguese Recovery and Resilience Plan (PRR), said Chinese Ambassador Zhao Bentang on Wednesday. Dis
Australian budget lacks support for technologies: peak technology body
SYDNEY, March 30 (Xinhua) -- Following the release of Australias federal budget on Tuesday night, the Australian Academy of Technology and Engineering (ATSE) has released a statement calling for better investment into a sustainable, technology-powere
World Insights: Int'l trade with China soars in 2022, decoupling theory crushed b...
Live COVID-19 updates: U.S. COVID-19 cases top 1 mln
Xinhua top 10 China news events in 2019
Feature: Tourism rejuvenates old Silk Road town
