ABU DHABI, 21st March, 2023 (WAM) — By the end of 2022, global renewable generation capacity amounted to 3372 Gigawatt (GW), growing the stock of renewable power by 295 GW or 9.6 percent, according to Renewable Capacity Statistics 2023, released by the Abu Dhabi-headquartered International Renewable Energy Agency (IRENA). An impressive 83 percent of all...
2/2 © Reuters. FILE PHOTO: The logo of the Swiss bank Credit Suisse is seen in Zurich, Switzerland March 20, 2023. REUTERS/Denis Balibouse 2/2 By John O’Donnell and Andres Gonzalez ZURICH (Reuters) -Days before a hastily convened press conference late on Sunday that would make the world’s front pages, Switzerland’s political elite were secretly preparing...
After UBS acquired Credit Suisse and close to a dozen financial institutions injected $30 billion into First Republic Bank four days ago, S&P Global downgraded First Republic’s shares to junk status on Sunday. Investors are concerned that the cash infusion from 11 major financial institutions may not address the bank’s liquidity issues. First Republic’s shares...
Finland was again named the happiest country in the world for 2023, followed closely by other countries in Northern Europe. | Image: Alessandro Rampazzo/AFP via Getty Images Despite causing millions of deaths, economic downfall, and worldwide disruption these past few years, the 10th annual World Happiness Report reveals that the covid pandemic hasn’t impacted our...
Bitcoin was trading above $28,000 on Monday, as cryptocurrencies extended a bull run to start the week. This upwards sentiment comes as the Federal Reserve and other major central banks made coordinated moves to enhance market liquidity. Ethereum continues to trade close to $1,800. Bitcoin Bitcoin (BTC) started the week trading above $28,000, as markets...
© Reuters. FILE PHOTO: European Central Bank (ECB) President Christine Lagarde speaks during a news conference following the ECB’s monetary policy meeting in Frankfurt, Germany March 16, 2023. REUTERS/Heiko Becker By Francesco Canepa and Dan Burns FRANKFURT (Reuters) – The world’s top central banks said on Sunday they would start offering daily loans in dollars...
Sun 19-03-2023 17:45 PM ABU DHABI, 19th March, 2023 (WAM) — A delegation of the Abu Dhabi Fund for Development (ADFD) and the Abu Dhabi Exports Office (ADEX) visited the headquarters of Mark Cables as part of a series of field visits to national institutions in the country. The purpose of the visit was to...
Sat 18-03-2023 21:04 PM PARIS, 18th March, 2023 (WAM) — On the back of improved business and consumer confidence, declining food and energy prices and the re-opening of the Chinese economy, the OECD’s latest Interim Economic Outlook projects global growth to reach 2.6% in 2023 and 2.9% in 2024. Headline inflation is projected to recede...
Sat 18-03-2023 16:41 PM PARIS,18th March, 2023 (WAM) – The latest OECD Science, Technology and Innovation Outlook 2023 says that recent measures by China, the European Union and the United States – which between them account for more than two-thirds of global spending on Research & Development (R&D) – to reduce international technology dependencies could...
DUBAI, 17th March, 2023 (WAM) – PwC Middle East released its 2023 TransAct Middle East report titled, “Gulf exceptionalism creates M&A opportunities despite global headwinds,” which offers insights on the Merger & Acquisition (M&A) and Capital market activity across the Middle East region during 2022 and the trends being seen that will potentially impact M&A...