Global oil demand is seen sliding as the rebound amid the Covid-19 lockdown appears weaker than expected, international producers and traders said. The new European policy focused on low carbon economy put additional pressure on the market. Demand for oil may have peaked last year, according to BP, which says the global market for crude might never recover from the Covid-19 pandemic.

No matter how one reads the diplomatic deal announced Thursday between Israel and the United Arab Emirates, and there will surely be many supporters and detractors given its historic nature, there is one conclusion that seems irrefutable: Israel was the biggest victor, Bilal Y. Saab writes to FP.

The data show that the United States has a competition problem. In many industries throughout the country, there is increased concentration, rising profit margins, declining entry, and low investment relative to profits. Moreover, stock market participants have been signaling the problem by assigning very high equity values to a relatively small subset of public firms earning monopoly profits.

In the face of a virus that has taken lives and livelihoods across the world, Europe did not give in to age-old instincts or re-open barely healed wounds from the financial crisis a decade ago. Instead, we chose to pull each other through and invest in a common future. This is why we can say that last week's decision by the Leaders of the 27 Member States to endorse the European Commission's recovery proposal was historic.

The coronavirus crisis has caused a dramatic deterioration in the European public perception of the US and left many believing the EU had become "irrelevant", the new survey by the European Council for Foreign Relations (ECFR) shows. It says the pandemic has traumatised Europeans and left them "feeling alone and vulnerable". The survey studied the views of Europeans towards the EU and notably its response to the coronavirus crisis and the results did not make for positive reading, AFP reported.

Thirty years after 10th November 1989, the term "transition" still works flawlessly in our country, the same way as the English salt does. Especially, if it is combined with another term - "revision". A few days ago, it became clear that ultimately, such a revision might be finally conducted. GERB party (Citizens for European development of Bulgaria) insisted on establishment of a commission of inquiry, charged to investigate what happened in the murky 1990s in Bulgaria. Their idea was supported by the Movement for Rights and Freedoms (MRF), which pointed out that such a proposal has been repeatedly submitted by the lawmaker Delyan Peevski.

Winston Churchill, Christopher Columbus, Thomas Jefferson, King Leopold II, Edward Colston, Indro Montanelli, John Hamilton, Robert Lee? What is the common thread connecting those historical figures, some well-known and others less so? The answer is the Black Lives Matter movement.

First of all, I would like to thank the Prime Minister Giuseppe Conte for inviting me to this inaugural session of your National Consultations. And I would like to congratulate you, and through you all the political leaders and representatives on all sides, the economic and social actors, for this unprecedented effort to establish a recovery plan for your country: Italy. 

By running down the clock and refusing to ask for an extension, Boris Johnson’s hope seems to be to secure concessions from the EU at the last minute. This form of brinkmanship is likely to backfire and increases the chance of no deal.

By agreeing a proposal for a €500bn EU recovery fund with Emmanuel Macron on May 18th, Angela Merkel broke two rules of Germany’s EU policy: that there should be no common borrowing and no transfer union beyond the existing EU budget. The Franco-German proposal could be a historic step towards more fiscal integration in the EU, but the Northern European ‘frugals’, led by the Netherlands, will have to be persuaded not to whittle down the size of the transfers.