OPEC cuts 2020 oil demand forecast

OPEC cuts 2020 oil demand forecast

(VOVWORLD) - OPEC on Wednesday cut its forecast for growth in world oil demand in 2020 because of an economic slowdown. OPEC said efforts will be necessary to prevent a new...
Top US tech companies cut off vital Huawei supplies

Top US tech companies cut off vital Huawei supplies

(VOVWORLD) - Top US corporations from chip makers to Google have frozen the supply of critical software and components to Huawei Technologies, complying with a Trump administration crackdown that threatens...
Government works to slash logistic costs

Government works to slash logistic costs

(VOVWORLD) -The Vietnamese government is seeking ways to improve transport connectivity and cut logistic expenses, which account for more than 20% of the country’s GDP
IMF raises global growth forecast

IMF raises global growth forecast

(VOVWORLD) - The International Monetary Fund (IMF) on Monday revised up its forecast for world economic growth in 2018 and 2019, saying sweeping US tax cuts were likely to boost...
Scores of Gulf countries cut ties with Qatar

Scores of Gulf countries cut ties with Qatar

(VOVWORLD) -Saudi Arabia, Egypt, the United Arab Emirates, Yemen, Lybia, Bahrain and Maldives severed their ties with Qatar on Monday, accusing it of supporting terrorism and opening up the worst...
OPEC agrees on oil output cut

OPEC agrees on oil output cut

(VOVworld) - The Organization of the Petroleum Exporting Countries (OPEC) has agreed on an oil output cut, because oil prices are at the lowest level in decades