Russia overtook Saudi Arabia as China's top crude oil supplier in April, customs data showed, with imports rising 18 percent from the same month a year earlier as refiners snapped up cheap raw materials amid a price war between the two producers.
New legal documents have been passed to the Premier League that raise fresh questions about whether the controversial £300-million Saudi Arabia-funded takeover of Newcastle United should get the go-ahead, the Guardian can reveal.
Saudi Arabia's finance minister on Monday said the kingdom will triple its Value Added Tax (VAT) and halt monthly handout payments to citizens in new austerity measures amid a coronavirus-led economic slump.
Rarely has Saudi Arabia sounded so magnanimous. For five years it has been fighting the Houthis on behalf of the government they toppled. The war has devastated Yemen’s infrastructure and killed more than 100,000 people. But on April 8th Saudi Arabia and its allies promised to lay down their arms for two weeks. The reason for the ceasefire, said a Saudi official, was “to alleviate the suffering of the brotherly Yemeni people and maintain their health and safety”. Two days later Yemen, the region’s poorest country, announced its first confirmed case of COVID-19.
The United Nations said on Monday that deportations of illegal migrant workers by Saudi Arabia to Ethiopia risked spreading the coronavirus and it urged Riyadh to suspend the practice for the time being.
OPEC and Russia postponed a Monday meeting to discuss oil output cuts until April 9, OPEC sources said, as a dispute between Moscow and Saudi Arabia over who is to blame for plunging crude prices intensified.