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German Chancellor Angela Merkel meets with the President of Azerbaijan, Ilham Aliyev, during a visit to Baku on Saturday to discuss the supply of Caspian gas to Europe via the Southern Gas Corridor. The Southern Gas Corridor Project stipulates that Azerbaijani gas produced in the second stage of the Shah Deniz development project will be supplied to Europe via Turkey. It is expected that the total volume of production will be 16 billion cubic meters per year, 10 billion cubic meters of which will be sent to Europe, the remaining 6 billion cubic meters - to Turkey and Georgia.
The Dollar traded lower earlier on Thursday in European markets after new hope of an economic recovery in Europe bolstered sentiment. The Dollar index fell by 0.1% to 954.808 at 3:10 AM ET (0710 GMT), gaining only slightly from the four-month ...
Gold prices traded lower in Asia on Friday morning amid hopes for COVID-19 vaccines from the U.S. and U.K. bolstered investor appetite. Sentiment was further boosted with the European Central Bank (ECB) signaling that it may leave interest ...
Berkshire Hathaway Inc.’s (BRK.A, BRK.B) Chief Executive Officer Warren Buffett announced on Monday that its energy unit agreed to purchase the natural gas transmission and storage assets of utility company Dominion Energy Inc. (D.N) ...
Lufthansa’s Chief Executive Officer Carsten Spohr announced on Sunday that the company would seek to avoid grounding and insolvency before a showdown between the airline’s biggest shareholder and the German government over the ...
German imports and exports took a huge hit in April, revealing a record plunge since 1990 after the COVID-19 pandemic severely disrupted demand and supply. The data on Tuesday added to the bleak outlook for the biggest economy in Europe. Many ...
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