Economy
Israel-Hamas war a 'new cloud' over world economy: IMF
The war between Israel and Hamas has cast a shadow over the IMF-World Bank annual meetings in Morocco, with warnings Thursday that it has darkened the outlook for an already sluggish global economy. The conflict, which erupted when Palestinian militant group Hamas launched a bloody attack on Israel from Gaza on Saturday, has raised concerns about its potential impact on the world economy.
US consumer inflation holds steady in September
Consumer inflation held steady in the United States last month, according to government data released Thursday, giving policymakers some reprieve in their battle to tamp down price increases. Meanwhile, with core inflation at 4.1 percent, the United States is "heading back to the period before which inflation started to really ramp up aggressively," Daco said.
EU climate chief says 'no official decision' on China wind subsidies probe
The European Union's climate chief said Thursday that "no official decision" had been taken on whether to investigate China's subsidies for its wind power industry, following talks with her counterparts in Beijing.
IEA says risk of oil supply disruptions is limited
The International Energy Agency said on Thursday the risk of oil supply disruptions due to the conflict between Israel and Hamas is limited but that it stands ready to intervene in markets if necessary. A surprise weekend attack by Hamas on Israel has left thousands dead and rattled oil markets amid fears that other nations might intervene and possibly disrupt shipments in the Middle East.
CBN defends naira with $5.78bn in 6 months as exchange rates hit N1,045 per dollar
The Central Bank of Nigeria (CBN) says it defended the naira with $5.78 billion in the first half of 2023 as the exchange rate between the naira and the dollar fell
EasyJet announces major Airbus deal as sector recovers
British no-frills carrier EasyJet on Thursday said it has reached a deal worth close to $20 billion for 157 Airbus planes and alterations to a previous order. Together the deal was worth $19.9 billion and "will deliver lower fuel burn, CO2 emissions and operating costs per seat", EasyJet said. burs-bcp/rl
Goldman Sachs sues Malaysia over push to redo 1MDB settlement
Goldman Sachs has sued Malaysia after the country pushed to redo a settlement over the US investment bank's role in the 1MDB multi-billion dollar scandal, the bank said Thursday. Under a 2020 settlement, Goldman paid Malaysia $2.5 billion for its role in the financial scandal, while Kuala Lumpur agreed to end all criminal proceedings against the bank.
Talks to end Hollywood actors strike 'suspended': studios
Talks between Hollywood actors and studios over an ongoing strike were suspended Wednesday, in a blow to hopes for a swift end to a crisis that has crippled the entertainment industry. But in a statement issued late Wednesday, the studios said talks had ground to a halt and would be temporarily suspended.
Wale Edun makes history as World Bank appoints him chair African Governors’ Forum
For the first time in history, Nigeria will lead the African Governors’ Forum of the World Bank, Edun will have the opportunity to present Tinubu's economic policies
Economy
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