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PARIS — Fatih Birol, head of the International Energy Agency (IEA), said on Monday that commercial oil inventories were depleting rapidly, with only a few weeks’ worth left due to the Iran war and the closure of the Strait of Hormuz to shipping.
AT least 20 firms have expressed interest in investing in the first artificial intelligence-native industrial hub in New Clark City, a United States government official said on Monday.
SEAN Ramos returns to familiar ground this week carrying both confidence and unfinished business as he spices up a stellar field in the ICTSI Caliraya Springs Championship, which gets underway Tuesday at the Caliraya Springs Golf and Country Club in Cavinti, Laguna.
AS the Sulu claimants face mounting legal setbacks, recent United Kingdom (UK) corporate filings have placed renewed attention on Charles Webb, the private intelligence consultant described by KnowSulu as a key strategist behind their campaign against Malaysia.
Digital finance platform GCash celebrated moms, daughters and families just before Mother’s Day with an exclusive screening of “The Devil Wears Prada 2” at Glorietta 4 Cinema 3.
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Now four years in the business, Andre Yllana is lucky to have found a career-nurturing home studio in Viva Artists Agency (VAA).
The US-Israeli war on Iran has already cost businesses throughout the world at least $25 billion, with losses continuing to mount, Reuters reported on Monday, citing an analysis of corporate disclosures from companies listed in the US, Europe and Asia.
The US-Israeli war on Iran has already cost businesses throughout the world at least $25 billion, with losses continuing to mount, Reuters reported on Monday, citing an analysis of corporate disclosures from companies listed in the US, Europe and Asia.
The spread of solar farms and other renewable energy projects in Japan is fueling demand for battery storage. (Photo by Shinya Sawai)
Last Week Tonight host spoke about structured settlements and the problematic industry surrounding them
The office of the prosecutor of the International Criminal Court last month filed a secret arrest warrant application for Israeli finance minister Bezalel Smotrich over alleged war crimes and crimes against humanity committed against Palestinians in the occupied West Bank, sources briefed on the matter told Middle E…
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The EU will downgrade its growth forecast because of the "stagflationary shock" caused by the Iran war, the bloc's commissioner for the economy told CNBC.
As power demand surges on the back of data-center buildouts, with hyperscalers expected to unleash about $700 billion in capex this year to expand AI infrastructure and maintain an edge over China in the AI compute race, NextEra Energy and Dominion Energy are moving to scale up. The utilities agreed to a $67 billion…
The G7 finance ministers gathered in Paris on Monday for a meeting on tackling the world economy's structural fault lines – but one issue loomed large: alleviating the economic fallout from the crisis in the Strait of Hormuz.
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Confirming our Sunday preview, overnight China reported growth data which slowed across the board in April with investment resuming declines, retail sales missing sales and growing at the weakest rate in 4 years while industrial production rose at the slowest pace in three years, calling into question Beijing's relu…
Abu Dhabi’s ADGM posted a 57 per cent increase in assets under management in the first quarter of this year amid strong business momentum, as well as the continued flow of capital and talent to the emirate’s financial centre.
Here’s a quick quiz question: what country has the fastest-growing economy in the G7? The answer is, the UK.
Emirates airline has broken ground on a $5.1 billion engineering complex at Dubai South that it says will become the world’s largest and most advanced aviation maintenance plant. It comes as the expansion around Al Maktoum International Airport in Dubai is being accelerated.
Emaar Properties will operate The Eighth Gate in Damascus independently after exiting its joint venture structure.
Looking at the week ahead, Nvidia’s earnings on Wednesday, with a market capitalisation now of $5.46tn, will be the main event. In economics, we have the global flash PMIs on Thursday, along with inflation data from Canada tomorrow, the UK on Wednesday, and Japan on Friday. From central banks, the highlight will be …
By William Jones, a special commentator for CGTN, is a former Washington bureau chief for Executive Intelligence Review News Service and a non-resident fellow of the Chongyang Institute for Financial Studies
By William Jones, a special commentator for CGTN, is a former Washington bureau chief for Executive Intelligence Review News Service and a non-resident fellow of the Chongyang Institute for Financial Studies
Renewed inflationary pressures in the U.K. since the outbreak of the Iran war have upended monetary policy expectations, with the Bank of England forecast to hold, if not hike, interest rates this year.
By Benjamin Picton, Senior Market Strategist at Rabobank
Saudi state-owned Al Arabiya early Monday has issued a bombshell if true (but still very much not officially confirmed), reporting that Iran has agreed to a long-term nuclear freeze instead of a complete dismantling. The outlet also reports that Iran has withdrawn its demand for compensation, instead demanding econo…
The United Arab Emirates’ withdrawal from OPEC and OPEC+ did not appear to be a technical move tied only to production quotas. It amounted to an explicit political statement that Abu Dhabi will not stay in a collective framework when it believes the strategic and economic costs outweigh the benefits.
Expo in Harbin highlights expanding economic ties amid rising geopolitical and trade uncertainties
Expo in Harbin highlights expanding economic ties amid rising geopolitical and trade uncertainties
China’s top foreign exchange regulator said in an article that authorities would seek to keep the yuan ‘basically stable’
China’s top foreign exchange regulator said in an article that authorities would seek to keep the yuan ‘basically stable’
Futures are lower, but off their overnight lows as markets focus on soaring global yields after US/Iran talk progress remains stalled (but at least armed hostilities did not resume contrary to some speculation). Yields also spiked on rising oil prices, concerns of an extra budget in Japan and continued political cha…
CEBU CITY — A Cebuano business process outsourcing executive admitted before a United States federal court that he participated in a multi-million dollar publishing and film adaptation fraud scheme that victimized more than 800 aspiring authors across the US.
Investcorp Capital, an Abu Dhabi-listed asset manager, has acquired a diversified US industrial property portfolio worth more than $200 million, expanding its exposure to logistics and income-generating assets in the country.
Startup has declined to release Claude Mythos AI model publicly amid fears it could be used by hackers
Charging limits and rising insurance costs could slow the global march of electric vehicles, BNP Paribas tells Hong Kong conference
Charging limits and rising insurance costs could slow the global march of electric vehicles, BNP Paribas tells Hong Kong conference
The International Monetary Fund (IMF) has upgraded its forecast for the UK's growth this year, but warned the Iran war and "domestic uncertainty" could hit the economy.
The company will force divestment from two individuals and four companies due to Chinese affiliation
The company will force divestment from two individuals and four companies due to Chinese affiliation
Smartphones and weaker face-to-face relationships could be contributing to plunging birth rates worldwide, particularly among young people, as global fertility is declining at a record pace, the Financial Times has reported, citing researchers and demographic data.
Smartphones and weaker face-to-face relationships could be contributing to plunging birth rates worldwide, particularly among young people, as global fertility is declining at a record pace, the Financial Times has reported, citing researchers and demographic data.
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