NAIROBI As the global economy undergoes a fundamental transformation to de-carbonise by 2050, the question for Africa is whether it can industrialise and rapidly develop without fossil fuels. The answer to that question is a resounding “yes”, provided that the international community can reach a new global compact on the emerging green economy.
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Wednesday, 02 Jun 2021 07:39 AM MYT
The S&P 500 financial sector hit a record high, while expected growth in fuel demand boosted oil prices and helped lift the energy sector 3.9 per cent, its biggest one-day gain in nearly four months. ― Reuters pic
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NEW YORK, June 2 The S&P 500 dipped yesterday, with declines in healthcare and tech shares countered by energy and financial gains, as investors weighed the latest US economic data for signs of a rebound and rising inflation.
The S&P 500 financial sector hit a record high, while expected growth in fuel demand boosted oil prices and helped lift the energy sector 3.9 per cent, its biggest one-day gain in nearly four months. The heavyweight tech sector fell while the healthcare sector was dragged down by a weak profit forecast from Abbott Labouratories.