Saudi Arabia expects ‘excellent relations’ with new US administration under President Biden

Saudi Arabia expects ‘excellent relations’ with new US administration under President Biden

LONDON | DUBAI: Saudi Arabia‘s foreign minister said on Saturday the kingdom was optimistic that it would have “excellent relations” with the new U.S. administration of President Joe Biden and that it would continue to negotiate with Washington regarding the Iran nuclear deal. “I am optimistic. Saudi Arabia has built solid, historical relations where it … Read more

Airbnb set for huge day-one pop, value could top $100 billion

Airbnb set for huge day-one pop, value could top 0 billion

By Olivia Carville, Katie Roof and Crystal Tse Airbnb Inc. shares could start trading at more than double the price they sold for in its initial public offering, propelling the home-rental company to a $100 billion-plus valuation and one of the biggest first-day pops on record. The stock will start trading Thursday, with early pricing … Read more

America’s NAFTA nemesis: Canada, not Mexico

America’s NAFTA nemesis: Canada, not Mexico

America and Canada have one of the world’s biggest trade relationships. President Donald Trump met for the first time Monday with Canada’s Prime Minister Justin Trudeau. “We have a very outstanding trade relationship with Canada,” Trump said at the news conference. But the U.S.-Canada trade relationship over the years has not been as smooth as … Read more

Oil prices have doubled in a year. Here’s why

Oil prices have doubled in a year. Here’s why

It’s a good day for OPEC. Data published Monday by the oil cartel show its members have largely complied with an agreement to slash production. The confirmation caps a remarkable year for OPEC, which was forced to devise a plan to boost prices after they fell to $26 per barrel in February 2016. The price … Read more