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Saudi Aramco Q2 profits bounce back to pre-pandemic levels

Energy giant Saudi Aramco's second quarter profits for 2021 have bounced back to pre-pandemic levels due to higher oil prices, nearly quadrupling compared to the same p

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Hong Kong's economy sees 7.8 pct rebound in Q1

Hong Kong's economy surged by 7.8 percent year on year in the first three months of this year, bringing an end to prolonged contraction since the third quarter of 2019.

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Hong Kong's economy sees 7.8 pct rebound in Q1

Hong Kong's economy surged by 7.8 percent year on year in the first three months of this year, bringing an end to prolonged contraction since the third quarter of 2019.

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The global economy's uneven recovery

Getty Editor's note:Eswar Prasad, Professor of Economics at Cornell University, is a senior fellow at the Brookings Institution. The article reflects the author's opinions and not necessarily

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Saudi Aramco says 2020 profit slid 44.4% on lower crude prices

Oil pipes run at a Saudi Aramco oil refinery and oil terminal in Ras Tanura, Saudi Arabia, on October 1, 2018. /VCG Energy giant Saudi Aramco on Sunday posted a 44.4 percent slump in 2020 net

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China July inflation picks up but may ease in coming months

02:07 A double whammy of pandemic and flooding has made ordinary Beijing consumers feel the pinch from rising food prices. Some are complaining prices are generally higher, especially

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Oil exporters ease production cuts amid fears for second COVID-19 wave

01:27 Crude oil producers across the world are hoping prices recover after being hit by a double whammy: a price war followed by COVID-19.And while they've been able to do something ab

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Oil rebounds from 18-year lows after U.S. and Russia agree to talks

Oil recovered ground on Tuesday after U.S. President Donald Trump and Russian President Vladimir Putin agreed to talks to stabilize energy markets, with benchmarks climbing off 18-year lows hit as th

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Tourism sector may lose over $50 bln, could recover in 10 months: WTTC

03:54 The COVID-19 pandemic has already cost the global tourism industry at least 22 billion U.S. dollars based solely on reduced travel by the Chinese, and these losses could double i