Latest news with #AndrewHeavens
Zawya
6 days ago
- Business
- Zawya
Qatar records budget deficit of $133mln in first quarter
DUBAI - Qatar recorded a budget deficit of 0.5 billion riyals ($133.31 million) in the first quarter of 2025, which was covered through debt instruments, the finance ministry said on Tuesday. Total revenue in the quarter stood at 49.4 billion riyals, down 7.5% from the same quarter last year. Non-oil revenue accounted for 6.9 billion riyals of total revenue. Government spending fell around 2.8% year-on-year to 49.94 billion riyals. Qatar, which is among the world's biggest exporters of liquefied natural gas (LNG), has stepped up efforts to diversify its economy away from hydrocarbons but remains reliant on gas revenue for the majority of government income. ($1 = 3.7506 riyals) (Reporting by Jana Choukeir; Editing by Andrew Heavens and Rachna Uppal)
Reuters
06-05-2025
- Business
- Reuters
EU plans tariffs on 100 billion euros of US goods if talks fail, Bloomberg News reports
A European Union flag flutters outside the EU Commission headquarters, in Brussels, Belgium, February 1, 2023 REUTERS/Yves Herman/File Photo Purchase Licensing Rights , opens new tab May 6 (Reuters) - The European Union plans to hit about 100 billion euros ($113.26 billion) worth of U.S. goods with additional tariffs if trade talks fail to deliver a satisfactory result for the bloc, Bloomberg News reported on Tuesday. The proposed retaliatory measures will be shared with member states as early as Wednesday and consultations will last for a month before the list is finalized, the report said, citing people familiar with the matter. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. Advertisement · Scroll to continue ($1 = 0.8829 euros) Reporting by Devika Nair in Bengaluru; Editing by Andrew Heavens Our Standards: The Thomson Reuters Trust Principles. , opens new tab Share X Facebook Linkedin Email Link Purchase Licensing Rights
Zawya
19-03-2025
- Business
- Zawya
Brent crude flips to discount against Dubai, first time since Nov 2023, LSEG data shows
OIL The Brent-Dubai Exchange of Futures for Swaps (EFS) was assessed at minus 2 cents a barrel at Wednesday's market close at 0430 GMT, LSEG data showed PHOTO Brent crude futures flipped to a discount against Dubai swaps on Wednesday, the first time since November 2023, LSEG data showed. The Brent-Dubai Exchange of Futures for Swaps (EFS) was assessed at minus 2 cents a barrel at Wednesday's market close at 0430 GMT, LSEG data showed. The discount has since widened further to 14 cents a barrel, two trade sources said. (Reporting by Florence Tan; Editing by Andrew Heavens) Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an 'as is' and 'as available' basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
