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Worldwide
Economy
Lagarde: We will raise rates faster if necessary
Central bankers gather in Portugal for their annual conference
Health
Global food security is in danger.. Beware of famine
G7 pledges $5 billion to boost global food security
Energy
Al-Mazrouei: UAE pledges commitment to oil production ceiling based on OPEC+ baseline
Macron tells Biden that UAE, Saudi can barely raise oil output
Technology
How token owners shape a DAO’s direction?
It empowers them to make influential decisions
Economy
Fears of a recession cause a sharp drop in commodity prices
This is partly driven by the acquisition of stocks trading at a premium
Markets
Global financial markets in brief Week June 20
Stock markets gain for first time in a month, oil prices fall below $110
Economy
The G7 launches massive $600 bn projects to counter China
Targets tackle climate change, health, equality, digital infrastructure
Banking & Finance
Russia defaults on foreign debt for first time in a century
Grace period on $100 Interest payment has expired
Economy
Citigroup, Deutsche Bank raise global recession odds to 50%
Amid tightened monetary policy
Economy
Powell admits raising interest rates could cause a recession
He stressed the US Central Bank's commitment to "strongly" reducing inflation
Technology
Say hello to iOS16, say goodbye to Apple iPhones 6,7 series
New updates mean more Apple devices in the trash
Banking & Finance
What did Twitter board decide about Musk’s buyout deal?
Musk appeared virtually yesterday at Qatar Economic Forum
Economy
Lebanon CB Governor: FX reserves down by $2.3 billion in 6 months
The state spent $62.6 billion via decrees over 10 years
Energy
Lebanon, Syria, Egypt sign “conditional” agreement to supply natural gas
The World Bank wants reforms before financing the agreement
Logistics
IATA expects $9.7 billion in cumulative losses for aviation sector this year
The sector will return to profitability in 2023
Markets
Global Financial Markets in brief week June 13
The worst week for global stocks since the markets collapsed with the outbreak of Corona in March 2020
Technology
How the crypto industry can leverage blockchains’ transparency
In order to understand and prevent market contagion
Banking & Finance
Will Musk be the first Trillionaire? No, a raccoon will
Nook's assets are valued at 245 trillion pounds
Economy
Extinguishing inflation plunges US economy into a recession
Yellen doesn’t see a recession as inevitable
Energy
Volvo driving net zero transition of steel
The move highlights Volvo's position as a key player in climate action
Banking & Finance
Migrants still sending billions home despite pandemic hurdles
Money transfers amounted to about $605 billion in 2021
Economy
Will the FED decisions drop the US economy into a recession?
Confidence in engineering a "safe landing" has diminished
Technology
Let’s bid farewell to this Web browser
After 27 years, Microsoft has retired Internet Explorer
Economy
The Bank of England may raise interest rates to 1.25% at today’s meeting
The last time interest rates were breached by 1% was in 2009
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