More on:
oil boom
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Sudanese vote to create a new nation
Despite US trade sanctions imposed in 1997, Sudan enjoyed an economic boom after a north-south peace deal in 2005 ended Africa's longest civil war. During the boom, Sudan imported massively to compensate for a lack of domestic…
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Property prices set for further falls in 2011
Even those in the industry see little chance of a return to boom times. On a five-year view, oil-town Aberdeen is the clear winner – up 40 per cent on 2005; south Lincolnshire and Nottingham are the big losers, about 10 per… -
Commodities soar: The year the super cycle returned
But it is also isolated from the growth boom in China and India, which look to coal and oil for their energy. Oil and Gas The different trajectories of global oil and gas prices are a clear illustration of the scale of… -
Carlos Andrés Pérez: President of Venezuela during the oil boom who…
Péréz, of the social democratic Acció* Democrática party, was fortunate in that his first term coincided with the oil boom of the mid-1970s when the price per barrel rocketed. Despite the oil earnings, the country had… -
Why Mongolia and Sri Lanka are top of the stock markets
We've seen a boom in the prices of industrial metals, and precious metals have also done very well. Two other stellar performers, the Thai and Indonesian stock markets, both play into the Asian economic boom, which has… -
St Petersburg's tower to the sky fails to get off the ground
St Petersburg was seen as a symbolic choice for the HQ of Gazprom – a behemoth of a company that more than any other has been the driving force behind Russia's resource-based economic boom. Although both cities contain oil… -
Sudan leader accused of 'hiding' $9bn in UK bank
Despite the humanitarian crisis in Sudan, Bashir has retained his popularity among the majority of his people, particularly those who benefited from the oil boom over which he presided. Some of the funds may be held in… -
One year on, Dubai begins to rebuild
Yet the real estate boom had already slowed, with property prices spiralling down by more than 70 per cent. Sheikh Maktoum's father started plans to offset Dubai's lack of oil or natural gas by establishing a trading centre… -
Shell profits soar by a fifth on oil price hikes
BP, which reports next week, is expected to be the exception to the industry boom, pulled down by the Deepwater Horizon in the Gulf of Mexico this summer. The Anglo-Dutch group's booming profits were announced just hours… -
Moscow's new mayor pledges to curb corruption
Sobyanin takes over a city of 10.5 million that showcases Russia's progress and its problems two decades after the Soviet Union's demise – a gleaming reflection of the oil-fuelled boom that has fed both economic growth and graft.
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Banana wine anyone? Food biz flashes new ideas in Paris
Playing chef at home is another strong trend - fuelled both by the boom in television cooking programmes and belt-tightening during the economic crisis. Foods can be labelled allergen-free, gluten-free, palm oil-free or… -
Inflation fears mount as cotton prices hit new high
Plexus also confirmed the role that speculators are playing in the recent cotton boom, just as they have been identified as contributory factors in the inflation of other commodities, from gold to oil and coffee. -
A portrait of Britain: 10 facts, 10 key issues on 10.10.10
Bonuses earned by the FTSE 100's highest paid directors in 2009/10 totalled about 120 per cent of their salaries, up from 90 per cent last year bankers at the Royal Bank of Scotland (RBS) paid a bonus of at least £1m in… -
Annexed by China – for good or ill
The phenomenon has changed the continent's relationship with the world, brought Chinese contractors, finance, labour and know-how to practically every outpost, and prompted a commodities boom that cushioned Africa's ride into… -
Five-fold rise in gold price 'is not a bubble', claims industry body
The World Gold Council looked at previous bubbles, where prices rapidly surged and then just as quickly collapsed, such as the dotcom boom of the late s and the US housing collapse of 2006-07. The price had then soared…