Spanish economist picked to lead the EU’s massive lending unit lays out her priorities
Nadia Calviño, newly-appointed head of the European Investment Bank, on speeding up procedures, increasing MDB collaboration, and AI regulation.
A crunch week for central banks will put rate-cut expectations to the test
Major central banks are set to make their final rate decisions of the year in a pivotal week that will test market bets for early interest rate cuts in 2024.
U.S. has failed the Palestinian people, officials say after vetoed UN vote for Gaza Strip cease-fire
Palestinian officials expressed resounding disappointment after the U.S. vetoed a U.N. resolution calling for an immediate humanitarian cease-fire in Gaza.
Occidental Petroleum to buy Permian producer CrownRock for $12 billion, raise dividend
The transaction will add 170,000 barrels of oil equivalent per day to Occidental’s production and 1,700 locations to the company’s operations in the Permian.
‘Somebody has it wrong’ on U.S. recession risks as oil, gold and Treasurys diverge, fund manager says
Falling oil prices and rising gold prices indicate growing recessionary fears — but 10-year Treasury yields jumped Friday amid hopes of a soft landing.
Azerbaijan wins regional backing to host COP29 climate summit
Azerbaijan is poised to host next year’s COP29 climate change summit after winning backing from other Eastern European nations on Saturday.
Biden to host Zelenskyy at the White House; Ukraine may need to ‘cede’ territory, U.S. senator says
U.S. President Joe Biden is set to host his Ukrainian counterpart Volodymyr Zelenskyy at the White House Tuesday.
European markets set for slightly higher open as focus turns to Fed meeting
European markets are set for a modestly higher open on Monday, tracking Friday’s positive close stateside on the back of a strong round of economic data.
Want to buy property in the UK? Now could be the right time, experts say
The U.K. property market has proved difficult for both renters and prospective homeowners recently — but experts say this could be about to change.
Marcos vows to defend the Philippines’ sovereignty amid China’s ‘aggression and provocations’
Manila has stepped up its resistance this year against Beijing’s aggressive claims and projection of power over almost the entire waterway.
