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oil price slump

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Middle East luxury sales fading as oil falls and tourism slows

Middle East luxury sales fading as oil falls and tourism slows

Luxury sales are fading in the Middle East with the economic slowdown brought on by the oil price slump.
Wed May 18 2016
Moody's: Global banks' credit risks to low oil prices rising

Moody's: Global banks' credit risks to low oil prices rising

The deepening oil price slump will intensify pressure on banks globally, with those in major net oil exporting countries most exposed to credit risks in the near term.
Thu Feb 25 2016
Shell reports profits plunge on oil price slump

Shell reports profits plunge on oil price slump

Royal Dutch Shell on Thursday announced an 87-percent plunge in annual net profits on slumping oil prices, resulting in a reduction of some 10,000 of its staff.
Thu Feb 04 2016
Royal Dutch Shell to cut 6,500 jobs on oil price slump

Royal Dutch Shell to cut 6,500 jobs on oil price slump

Royal Dutch Shell on Thursday said it plans to reduce its headcount by 6,500 this year owing to sliding oil prices and as it looks to complete a mega takeover.
Thu Jul 30 2015
Oil price slump could cripple clean energy push - Experts

Oil price slump could cripple clean energy push - Experts

Falling oil prices could have a negative impact on global efforts to develop renewable energy sources, experts warned.
Sat Jan 17 2015
Managed float system gives flexibility to consumers to enjoy cheaper fuel

Managed float system gives flexibility to consumers to enjoy cheaper fuel

Analysts believe there is a strong possibility for the price of RON95 to be lower than its current subsidised retail price.
Fri Nov 21 2014
The scamdemic targeting the young and vulnerable

The scamdemic targeting the young and vulnerable

Teenagers and young adults are becoming prime targets for a new wave of cyber scams, a trend raising alarm bells across Southeast Asia.
Sat Nov 23 2024
Japanese manicurist takes on plastic pollution, one nail at a time

Japanese manicurist takes on plastic pollution, one nail at a time

Before global leaders address plastic pollution, a Japanese manicurist highlights the issue by incorporating it into her nail designs.
Sat Nov 23 2024
What to watch for ahead of US presidential inauguration

What to watch for ahead of US presidential inauguration

Here's a timeline of events between now and inauguration day.
Sat Nov 23 2024
The battle to reduce road deaths

The battle to reduce road deaths

In Malaysia, over half a million road accidents have been recorded so far this year.
Sat Nov 23 2024
Pro-Palestinian NGOs seek court order to stop Dutch arms exports to Israel

Pro-Palestinian NGOs seek court order to stop Dutch arms exports to Israel

The Dutch state, as a signatory to the 1948 Genocide Convention, has a duty to take all reasonable measures at its disposal to prevent genocide.
Sat Nov 23 2024
How quickly can Trump's Musk-led efficiency panel slash US regulations?

How quickly can Trump's Musk-led efficiency panel slash US regulations?

Moves by Trump and his appointees to eliminate existing rules will be met with legal challenges, as many progressive groups and Democratic officials have made clear.
Sat Nov 23 2024
2TM: Consultations on PTPTN loans, admission to IPTA at MOHE booth

2TM: Consultations on PTPTN loans, admission to IPTA at MOHE booth

Consultations on PTPTN loans and admission to IPTA are among services provided at the Higher Education Ministry booth.
Sat Nov 23 2024
Kampung Tanjung Kala residents affected by flooded bridge every time it rains heavily

Kampung Tanjung Kala residents affected by flooded bridge every time it rains heavily

Almost 200 residents from 60 homes in Kampung Tanjung Kala have ended up stuck when their 200-metre (m) long concrete bridge flooded.
Sat Nov 23 2024
COP29 climate summit draft proposes rich countries pay $250 billion per year

COP29 climate summit draft proposes rich countries pay $250 billion per year

The draft finance deal criticised by both developed and developing nations.
Fri Nov 22 2024
Bomb squad sent to London's Gatwick Airport after terminal evacuation

Bomb squad sent to London's Gatwick Airport after terminal evacuation

This was following the discovery of a suspected prohibited item in luggage.
Fri Nov 22 2024