Brent crude has reached a 10-month high around $95 a barrel as export curbs by Saudi Arabia and Russia combined with an improving outlook for the US and China to drive prices higher.
(Bloomberg) Just as global monetary policy switches toward high-altitude cruise control, another bout of turbulence is bearing down on the world economy with surging oil prices.Most Read from BloombergVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingF-35 Debris Found After a $100 Million Fighter Jet Went MissingIndia, Canada Trade Diplomatic Blows Over Murder AllegationsTrudeau’s Murder Claim Risks Upending US Courtship of IndiaThe approach of crude toward $100 a barrel is
Just as global monetary policy switches toward high-altitude cruise control, another bout of turbulence is bearing down on the world economy with surging oil prices. The approach of crude toward $100 a barrel is presenting central bankers with a reminder that the era of volatility heralded by the pandemic and war in Ukraine isn’t going
Sovereigns are being targeted with increasing frequency by cyberattacks, and authorities are devoting more resources to defending against them, with the greatest threats from cyber-capable states and criminal groups sheltered by them, says a report from Fitch Ratings.
FRANKFURT: The European Central Bank raised interest rates again on Thursday and announced it was changing the terms of its ultra-cheap loans to commercial banks in a bid to shrink its bloated balance sheet and fight off a historic surge in inflation, according to Reuters. Worried that rapid price growth is becoming entrenched, the ECB is raising borrowing costs at the fastest