UAE’s sovereign fund buffers can support fiscal deficits for decades

Dubai: Lower oil prices triggered by the pandemic have seen significant drawdowns from the GCC sovereign wealth funds resulting in erosion in these buffers, according to rating agency Moody’s. The impact of the coronavirus pandemic on oil demand and prices has significantly increased gross funding requirements for sovereigns across the GCC, which is being partly […]

Pay for news: Facebook, Google ‘very close’ to media deals in Australia

Sydney: Google and Facebook are “very close” to deals with major Australian media to pay for news, a top government official said Monday, as the tech giants scramble to avoid landmark regulation. Australian Treasurer Josh Frydenberg said talks with Facebook CEO Mark Zuckerberg and Google CEO Sundar Pichai had made “great progress” in resolving a […]