What happens if OPEC and Russia don’t agree to cut production?

Russia and Saudi Arabia, the de-facto leader of OPEC, are engaged in an epic price war that, along with an historic collapse in demand from the coronavirus pandemic, has helped send crude prices crashing to 18-year lows. As a result, dozens of US oil companies are facing bankruptcy.

UPDATE 2-Russia ponders gasoline import ban to protect home market – sources

The Russian energy ministry, contacted by Reuters, declined to comment on plans to curb fuel imports. Belarus’ state energy company Belneftekhim did not immediately responded to a request for comment. (Reporting by Vladimir Soldatkin and Olesya Astakhova; additional reporting by Natalia Chumakova, Gleb Gorodyankin and Gleb Stolyarov in Moscow and Andrey Makhvsky in Minsk; editing […]

Take a cue from Manu Jain: How to create your own ‘work-from-home uniform’ and boost productivity

Starting with the obvious, when working from home, it is absolutely essential to set up an office-like space. No, it does not mean that one has to build a makeshift office, complete with a cubicle – it simply means having essentials in place.For starters, prepare a checklist of all the things you need: laptop charger, […]

Government may abolish import duty on ventilators, masks

NEW DELHI: The government may do away with import duty on various medical devices and gear, including ventilators, protective masks and Personal Protection Equipment (PPE) as part of its fight against coronavirus. There have been recommendations from ministries to also remove Integrated Goods and Services Tax (IGST) on these items, and a final call on […]

Russia ponders gasoline import ban to protect home market – sources

MOSCOW, April 7 (Reuters) – Russia is considering a temporary ban on gasoline imports to protect its market from a possible flood of cheap fuel, two government sources said on Tuesday, as measures to contain the coronavirus outbreak have destroyed demand and hammered prices.

The Friends Central Perk LEGO Set is Back in Stock

The iconic Friends NBC series began its 10-year run in September of 1994 and went on to become a cultural phenomenon that continues to this day. That’s why fans are in such a frenzy about the very real possibility that we’ll see a Friends reunion special on HBO Max at some point this year. The […]

Productivity Commission flags superannuation overhaul, but big questions loom

This inquiry, it said, would examine the impact of compulsory super on private and public savings, interactions between superannuation and other sources of retirement income and on public finances, and the economic and distributional impacts of the non-indexed $450 a month contributions threshold.

COVID-19: RBI hopes monetary, fiscal measures to spur eco activity once normalcy is restored

RBI on Thursday expressed hope that recent monetary and fiscal measures will mitigate the impact of COVID-19 on domestic demand and spur growth once the normalcy is restored. Observing that it was difficult to make growth projections at this point of time, the Reserve Bank in its Monetary Policy Report said the lockdown following the […]

Rethinking anorexia: Biology may be more important than culture, new studies reveal

As a young adult, Timko shared the prevailing view of the disease: that it develops when girls, motivated by a culture that worships thinness, exert extreme willpower to stop themselves from eating. Often, the idea went, the behavior arises in reaction to parents who are unloving, controlling, or worse. But when Timko began to treat […]

China always attaches importance to export products quality: FM spokesperson

Relevant exporters of medical products need to provide documentation as a commitment that their products have certificates of registration approved by medical product administrations and meet the quality control standards of their respective export destinations when they go through customs clearance, according to the spokesperson.