Global oil demand to dip in 2030, first drop since Covid: IEA
IEA cited sluggish economic growth, global trade tensions, the rise of electric cars and the shift away from crude to...Economy
IBM claims ‘real world’ edge in quantum computing race
San Francisco, United States -- Technology veteran IBM on Tuesday laid out a plan to have a "practical" quantum computer...Technology Business Economy Science
Asia stocks mostly down after Wall St. losses
The "Santa Claus rally" got off to a good start but US stocks then fell across the board on Friday,...S&P 500 and the Nasdaq both dropped more than one percent
Jeju Air shares tumbled more than eight percent after one of its planes crashed in South Korea
Indian workers replace Palestinians in Israel’s construction sector amid post-war labour void
Indians, long employed in Israel as caregivers, diamond traders, and IT professionals, are now increasingly recruited for the construction sector...Israeli researchers believe the number of Indians working in construction still does not match the number of Palestinians who did so before the war
Before the Hamas attack, around 80,000 Palestinians were employed in construction, along with some 26,000 foreigners, Eyal Argov of the central Bank of Israel said
Asian stocks mostly up after US tech rally
Asian stocks were mostly higher on Tuesday after a tech rally on Wall Street, but their gains remained modest in...Hong Kong stocks were "consolidating before the long holiday"
Honda shares soared 16 percent after announcing a buyback of up to $7 billion
3 ways travel drives economic growth while enhancing global connections and sustainability
WTTC research shows that, having endured estimated losses of $4.5 trillion and 62 million jobs in 2020 alone, travel and...Effective cross-sector and cross-border partnerships are key to unlocking the full potential of global connectivity
Innovations and investments in technology can be leveraged to enhance connectivity through travel
Cybersecurity in 2024: From talent shortages to resilience against emerging tech risks
In 2024, cybersecurity remained central, addressing skill gaps and the impact of generative AI. A Strategic Cybersecurity Talent Framework offered...Cybersecurity in 2024 focused on talent gaps, emerging tech, and resilience
Public-private efforts tackled cybercrime and evolving digital threats
Asian markets retreat as China pledges fail to spark excitement
Asian markets fell Friday as China's latest vows to boost the beleaguered economy failed to stir much excitement, while traders...Beijing began unveiling in September a raft of policies to reverse a growth slump
All three main indexes in New York closed in the red
Fifth France-Arab Summit: Forging partnerships for a sustainable tomorrow
As the world grapples with uncertainty, the summit offers a much-needed space for cooperation and innovation, led by the Franco-Arab...The event, under the high patronage of French President Emmanuel Macron, brings together governments, businesses, and visionaries
By working together, France and the Arab world have the opportunity to shape the future
ECB to cut rates again amid bleak eurozone outlook
The European Central Bank is expected to cut interest rates again this week amid a darkening outlook, with political turbulence...The central bank hiked rates aggressively from mid-2022 to tame surging energy and food costs
Eurozone's anaemic growth rates are weighing down the broader single currency area
World Bank announces record $100 bn support for world’s poorest countries
The World Bank announced Thursday that it had raised close to $24 billion to provide loans and grants for some...The Bank can use this money to borrow on financial markets
This funding will be deployed to support the 78 countries that need it most
OPEC+ expected to extend oil supply cuts to avoid drop in prices
Without a new agreement, the eight countries which have been making voluntary additional production cuts of 2.2 million barrels per...The supply cuts are only having a muted impact on the market, with US president-elect Donald Trump expected to adopt policies to boost US oil output
OPEC+ nations are holding back six million barrels of oil a day, including the 2.2 million barrels a day of output that they have been discussing putting back on the market
