Micron plans to stop supplying server chips to data centres in China after the business failed to recover from a 2023 government ban on its products in critical Chinese infrastructure, two people briefed on the decision said. Micron was the first U.S. chipmaker to be targeted by Beijing – a move that was seen as retaliatory […]
“If we were to extract that kind of boost of growth that would be very significant for the world,” IMF Managing Director Kristalina Georgieva said during the IMF and World Bank annual meetings in Washington. Booming investment in artificial intelligence, concentrated mostly in the U.S., could contribute between 0.1% and 0.8% to global growth, but […]
Fed Chair Powell to address NABE annual meeting on Tuesday. Gold prices jumped to a record high above $4,100 on Tuesday, supported by rising expectations of a U.S. Federal Reserve rate cut this month and safe-haven demand following renewed trade tensions between the world’s two largest economies. Spot gold rose 0.6% to $4,132.89 per ounce […]
Wall Street’s main indexes advanced on Monday following Friday’s pullback, as investors returned to risk assets after President Donald Trump’s softer tone eased concerns over renewed U.S.-China trade tensions. Aiding sentiment, U.S. Treasury Secretary Scott Bessent said in an interview with Fox Business Network on Monday that Trump was on track to meet his Chinese counterpart in […]
IMF Managing Director Kristalina Georgieva said the U.S. economy had dodged a recession feared by many experts just six months ago. The world economy has proven more resilient than expected despite acute strains from multiple shocks, the head of the International Monetary Fund said on Wednesday, forecasting only a slight slowing of global growth this […]
U.S. liquefied natural gas developer Next Decade will receive up to $1.8 billion in equity commitments from Total Energies and Global Infrastructure Partners to finance a fourth liquefaction plant at its Rio Grande LNG export project in Texas, the company said on Monday in a regulatory filing. The move brings NextDecade one step closer to a positive […]
Oil prices held steady on Wednesday after the U.S. barred Chevron from exporting crude from Venezuela, but an expected decision from OPEC+ later this week to increase production in July capped gains. Brent crude futures was up 6 cents, or 0.1%, to $64.15 a barrel by 0852 GMT, while U.S. West Texas Intermediate crude gained 8 […]
The U.S. has stopped recommending routine COVID-19 vaccinations for pregnant women and healthy children, Health Secretary Robert F. Kennedy Jr announced in a social media post on Tuesday, circumventing the CDC’s traditional recommendation process. Kennedy, FDA commissioner Marty Makary and National Institutes of Health director Jay Bhattacharya said in a video that the shots have […]
The views expressed in the Let’s Talk Development blog are solely those of the author(s). Commodity prices are projected to decline in 2025, driven by improved supplies, policy uncertainty, and an expected slowdown in global economic growth. Energy prices are expected to see the steepest drop, with the World Bank’s energy price index forecast to fall […]
Oil prices climbed about 2% to a two-week high on Monday after the U.S. and China agreed to temporarily slash tariffs, raising hopes of an end to the trade war between the world’s two biggest economies. Brent crude futures rose $1.35, or 2.1%, to $65.26 a barrel by 11:39 a.m. EDT (1539 GMT), while U.S. […]
