European stocks experienced a notable surge on Friday, with Germany’s DAX index reaching an all-time high, propelled by optimism surrounding the US debt ceiling negotiations.
The recent rebound in oil prices was largely due to a healthy US jobs report for April, which helped to ease concerns about a potential US economic recession.
The Euro area and the EU have seen positive economic growth in recent months, with increases in GDP, employment, exports, and consumer spending.
OPEC Secretary General Mohammad Barkindo has argued that the IEA’s report fails to acknowledge the significant investments made in the oil and gas sector, and that a sudden shift away from these investments could have dire economic consequences.
ACWA Power, a leading developer of renewable energy projects in the Middle East and Africa, has secured a $174 million loan for two wind power projects in Uzbekistan.
The merger between UBS and Credit Suisse is set to be completed by July, creating a banking giant with total assets of roughly CHF 1 trillion.
WhatsApp is introducing a range of new features to its messaging app, including animated emojis, the ability to save disappearing messages.
The Chilean government has recently proposed state control over the strategic mineral, lithium, sparking concerns among the business community.
The United Nations World Tourism Organization (UNWTO) and the Global Tourism Economy Forum (GTEF) have announced a new partnership aimed at driving the achievement of Destination 2030 – an initiative launched by UNWTO to promote sustainable tourism growth and development.
The World Bank has a unique opportunity to lead efforts to shape a post-pandemic world that is more resilient, sustainable, and inclusive.