Collapse of OPEC talks blows hole in Russian-Saudi alliance

Business Mar 7, 2020

Collapse of OPEC talks blows hole in Russian-Saudi alliance

OPEC talks with Russia have ended in dramatic failure, auguring the end of a diplomatic alliance between Riyadh and Moscow that has underpinned crude prices and changed the balance of power in the Middle East. Brent crude, the global benchmark, plunged the most in more ...

Venezuela's annual inflation hit 488,865% in September: congress

Business / Economy Oct 9, 2018

Venezuela's annual inflation hit 488,865% in September: congress

Venezuelan consumer prices rose 488,865 percent in the 12 months ending in September, a member of the opposition-run congress reported on Monday, as the OPEC nation's hyperinflation continues to accelerate amid a broader economic collapse. Daily inflation is now 4 percent, according to opposition legislator ...