2024 to be worse – economists
Continued interest rate hikes in major economies mean global economic growth is likely to slow next year after beating expectations in 2023, FT reported. According to a set of forecasts…
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The price of Brent crude oil surged above $90 a barrel for the first time since November 18, 2022, following reports that Saudi Arabia and Russia are extending voluntary cuts…
Niger sends uranium prices to the moon much to France dismay
Niger, a significant player in the global uranium market, recently took the bold step of raising the uranium price from €0.80/kg to €200/kg, the Spectacle reported. This price increase has…
The West is to ‘warn’ UAE over Russia
Officials from the United States, Britain and the EU plan to jointly pressure the United Arab Emirates this week to stop supplying goods to Russia, WSJ reported. The UAE is…
The West urges UAE to restrict trade with Russia – The Wall Street Journal.
The US, UK and EU are developing an action plan to prevent the supply of dual-use products (computer chips, electronic components, etc.) to Russia. From January 1, 2024, the UAE…
Oil to be at $100 per barrel soon, experts say
Trafigura Group, the major commodities trader, believes oil prices could jump as rising interest rates and a lack of investment squeeze the market. The general consensus is that prices will…
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