Category: Issue
BP to Cut 7,700 Jobs Amid Weaker Oil and Gas Production Outlook
BP has announced plans to reduce its global workforce by 7,700 positions, including 4,700 job cuts at the company and…
Trump Treasury Nominee Scott Bessent to Advocate for US ‘Economic Golden Age’
Scott Bessent, nominated by former President Donald Trump for the position of US Treasury Secretary, is set to testify…
European Stocks Surge Following Cooling Inflation Data from US and UK
European stock markets experienced a notable rally on Wednesday, buoyed by cooling inflation figures from both the United…
Israel and Hamas Reach Ceasefire Deal: Hostages to Be Released
After over 15 months of devastating conflict, Israel and Hamas have reached a ceasefire agreement, confirmed by US President…
Spain’s Inflation Rises to 2.8% in December, Driven by Transport and Recreation Costs
Spain’s inflation rate for December 2024 increased to 2.8%, up from 2.4% in November, according to the National…
UK Inflation Falls Unexpectedly in December, Raising Hopes for Interest Rate Cuts
UK inflation unexpectedly dipped to 2.5% in December, down slightly from 2.6% in November, easing pressures on the British…
Venture Metals Expands Recycling Capabilities with Acquisition of Thalheimer Bros. and Mega Metals
Venture Metals, a portfolio company of Mill Rock Capital, has announced its acquisition of Thalheimer Bros. LLC and Mega…
Biden Administration’s New AI Chip Export Rules Spark Industry Concerns
The Biden administration has proposed new export rules for advanced artificial intelligence (AI) chips, focusing on…
Surging Energy Prices Threaten Eurozone’s Economic Stability and Risk Stagflation
Energy prices, particularly natural gas and crude oil, have surged significantly in recent weeks, driven by higher demand and…
US CPI and China’s GDP Data in Focus for the Week Ahead
The week ahead is set to be pivotal for the global economy, with major inflation data and economic growth figures from key…
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