Investors shifted their focus to an OPEC+ meeting, leading to a rise in oil prices with support from Black Sea shutdowns.
Economy
During a CNBC panel at Abu Dhabi Finance Week, Ray Dalio, the founder of Bridgewater Associates, praised the "renaissance states" in the Gulf region, particularly highlighting the United Arab Emirates, amid a time of increased global disorder.
According to the commerce ministry, October's customs-based exports experienced a growth of 8.0% year-on-year, marking the third consecutive month of increase, but falling short of the forecasted expectations.
Chinese commerce vice-minister Ling Ji announces Beijing's plan to open up its services sector for overseas investors, with the goal of adhering to "international high-standard economic and trade rules."
President-elect of Argentina, Javier Milei, revealed on Friday that he had engaged in discussions with Kristalina Georgieva, the director of the International Monetary Fund (IMF), regarding the implementation of a fiscal adjustment plan and a new monetary program for the country.
According to data released by the statistics office on Friday, the German economy experienced a slight contraction in the third quarter compared to the previous three months. This decline in performance comes after a period of weak economic growth in the first half of 2023. Ruth Brand, the president...
Germany's budget crisis worsens as government policy funding solutions remain scarce, leading to a dire situation and significant implications.
The recent numbers on Tuesday have brought a new sense of pressure for Finance Minister Chrystia Freeland and the Liberal government, despite the lack of explicit acknowledgment
Despite the Kremlin's assurances, the Russian economy is undeniably in a dire state, with experts warning that it could experience a significant downturn following the upcoming March presidential election, widely anticipated to result in the re-election of incumbent Vladimir Putin.
With the market on the cusp of a transformation, the highly anticipated meeting between Presidents Joe Biden and Xi Jinping has the potential to bring about significant changes that extend beyond trade and investments, shaping the stability of our interconnected global community.
