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A Proclamation on World Trade Week, 2021
Category: Business News
When the COVID-19 pandemic struck, it not only inflicted an enormous toll on American lives and livelihoods — it brought unprecedented disruption to the global economy as well. That disruption represents a major threat to workers and employers in every community who rely on trade to grow jobs here at home, from small businesses that sell […]
Source: The White House
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US-EU Metals Talks Avert Tariff Hike
Category: Business News
The United States and the European Union agreed on Monday not to escalate their dispute over U.S. steel and aluminium tariffs, averting steep EU tariff hikes while the two sides launch formal talks on addressing excess global capacity largely centered in China. The European Commission, which oversees EU trade policy, said on Monday it would […]
Source: Reuters
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Forbes GLOBAL 2000 – How The World’s Biggest Public Companies Endured The Pandemic
Category: Business News
World business leaders faced impossible decisions a year ago. Initiate layoffs, or wait for government money? Pay rent, or meet payroll? Which factories do we mothball first? How do we liquidate all this inventory? Chapter 11 now or later? Yet even as airlines and retailers collapsed, oil prices plunged below zero and death counts soared […]
Source: Forbes
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Statement by Secretary Antony J. Blinken on May 17
Category: Business News
On behalf of the Government of the United States of America, I congratulate the people of Norway as you celebrate the 207th anniversary of Constitution Day. The United States and Norway share a strong commitment to global peace, economic development, human rights, and democratic values. As NATO Allies, we are bolstering our collective defense capabilities […]
Source: US Embassy in Norway
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How an Oil Company Becomes a Renewables Company
Category: Business News
There are energy-transition commitments, though, and then there are energy-transition results. And on the latter side, one company shines: Norway’s state-owned oil producer, Equinor ASA. It posted more than $2.6 billion of earnings in the first quarter of 2021, 49% of which was from renewable energy. Last quarter, Equinor earned more from renewables than it did from oil and gas exploration and production.
Source: Bloomberg
Published: June 5, 2021
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