The ongoing negotiations in Cairo regarding a potential ceasefire in the Gaza Strip are “positive,” an unnamed senior Hamas official told Arab World Press (AWP) on Monday, stressing that “the ball is in Israel’s court” after the group presented the criteria for the exchange of Palestinian prisoners for Israeli detainees. The member of the Palestinian …
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Wharton Business School Professor Joao Gomes has said the debt mountain marks a ‘moment in history’ and it could ‘derail the next administration’ Experts are currently predicting that the eye-watering debt-to-GDP ratio will reach 190 percent by 2050 if it remains on its current trajectory The last two administrations – run by Biden and Trump …
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The negotiating parties, including the Palestinian militant group Hamas and mediating powers Qatar, Egypt, and the United States, are said to have made “significant progress” towards a ceasefire in the Gaza Strip, Egyptian media reported on Monday. The potential agreement would also secure the release of some hostages that had been abducted by Hamas on …
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OPEC+ on Sunday agreed to extend its production cuts for another quarter, but the reaction from oil markets was relatively muted as the agreement had already been priced in. Early on Monday1 morning, Brent crude was trading at $83.4, while West Texas Intermediate was sitting at $79.70 per barrel. The extension of the 2.2-million-bpd production …
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Default danger rises in high-yield debt, while stress in commercial real estate ramps up Private loans are most likely to perform best in credit as other categories of risky corporate debt face more defaults, according to the latest Bloomberg Markets Live Pulse survey. More than 40% of 387 survey respondents said private credit will outperform …
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Israeli Minister Without Portfolio Benny Gantz (pictured) is set to engage in several crucial diplomatic talks during his visit to Washington, according to his itinerary, disclosed by the National Unity Party. His visit is set to conclude on Tuesday with a pivotal meeting with US Secretary of State Antony Blinken. It will also feature anticipated …
United States Vice President Kamala Harris urged Israel and Hamas to arrange an “immediate ceasefire” in their fights in the Gaza Strip for “at least the next six weeks” due to “the immense scale of suffering” there. “What we are seeing every day in Gaza is devastating, and our common humanity compels us to act,” …
OPEC+ extended its oil supply cutbacks to the middle of the year in a bid to avert a global surplus and shore up prices. The curbs — which on paper total roughly 2 million barrels a day — will remain in place until the end of June, according to delegates who asked not to be …
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A Hamas delegation, alongside representatives from Qatar and the United States, arrived in Cairo on Sunday for discussions on a potential temporary ceasefire and a hostage deal in the Gaza Strip, Palestinian media reported. The absence of an Israeli delegation in the Egyptian capital has been noted, however, the country is set to join during …
OPEC raised its oil production in January despite voluntary production cuts that the group was supposed to be adhering to, according to new data published on Friday by Bloomberg. A new Bloomberg survey showed that OPEC’s production rose by 110,000 barrels per day to 26.68 million barrels per day—with Libya accounting for much of the …