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AssessmentsMay 20, 2020 | 10:00 GMT
An image of a Saudi flag overlaying an oil pumpjack. 
Saudi Arabia Will Have to Accept Being an Oil Price 'Taker'
As COVID-19 saps oil demand, the economic fallout will likely leave Saudi Arabia back in the role of "price taker," as the kingdom's new austerity measures strongly imply Riyadh recognizes it will eventually need to adjust its spending habits to the global oil market instead of the other way around. With no immediate recovery in sight,
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SnapshotsMay 11, 2020 | 19:39 GMT
As Oil Prices Plummet, Saudi Arabia Opts for Austerity
In the face of the COVID-19 crisis and subsequent global recession, most countries are launching significant fiscal stimulus programs to boost domestic economic activity. Governments dependent on oil and gas revenue, however, are being forced to do the opposite as the likely long-term collapse of energy prices necessitates sharp spending
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AssessmentsMay 6, 2020 | 10:00 GMT
An image displays rows of silicon wafers.
The U.S. Weaponizes COVID-19 Anger Against China’s Tech Sector
The United States and China have been locked in a technology cold war for several years. The COVID-19 pandemic, which originated in the Chinese city of Wuhan, is now pressuring Washington to make even stronger moves against Beijing by fueling anti-China sentiment among U.S. voters and legislators alike. But the
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AssessmentsMay 5, 2020 | 10:00 GMT
Containers sit stacked on a cargo ship berthed at China’s Zhoushan Port on Feb. 4, 2020.
COVID-19 Will Leave a Lasting Mark on the Shipping Industry
By sapping global economic growth and emboldening nationalist calls against globalization, the COVID-19 crisis risks upending the past 30 years of rising intercontinental trade volumes. Countries have implemented various new shipping restrictions to contain the virus, though pandemic-induced declines in demand have so far prevented severe disruptions. But with the global recession
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AssessmentsMay 4, 2020 | 10:00 GMT
Pedestrians wearing face masks cross an intersection in Seoul, South Korea, on April 23, 2020. In the first quarter of 2020, South Korea's economy saw its worst performance in more than a decade as COVID-19 spread across the country.
With Its COVID-19 Outbreak Contained, South Korea Braces for the Global Fallout
As his country's COVID-19 outbreak wanes, South Korean President Moon Jae In is emerging from the battle stronger than ever, though the economic challenges ahead will impede his ability to translate that success into progress on his ambitious reform agenda. In early March, South Korea's epidemic was the worst outside
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AssessmentsMay 1, 2020 | 10:00 GMT
A trader wearing a protective mask stands on the floor of the Boursa Kuwait stock exchange in Kuwait City, Kuwait, on March 1, 2020.
Arab Gulf Economies Cope With a COVID-19 Conundrum
The Arab Gulf states within the Gulf Cooperation Council (GCC) are looking down the barrel of a serious, multilayered economic shock as COVID-19 disrupts their main revenue sources by slashing energy prices as well as overall global demand. The sharp reduction in government income across the region portends increased budget
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