Germany's statistics office released figures on Friday that indicated the country's GDP dropped little in the third quarter as compared to the preceding three months.   The data supported a preliminary projection that the largest economy in Europe shrank by 0.1% and was released in late...

The president of the International Energy Agency stated that the oil and gas sector needs to invest more in clean energy and get over the "illusion" that carbon capture technology can combat climate change.   “The industry needs to commit to genuinely helping the world meet its energy needs...

According to the IEA, 1% of investments in clean energy come from oil and gas corporations. The International Energy Agency (IEA) reports that oil and gas businesses would rather observe the energy transformation from the sidelines, contributing just 1% of all clean energy investment worldwide....

An employee was found wiping tables in an empty McDonald's outlet on a recent evening in Cairo. In the Egyptian capital, other Western fast-food franchises seemed to be closing their doors.   Since the deadly Hamas attack in southern Israel on October 7, all have been impacted...

Hedge funds lost over $43 billion in a few days due to their bets on the stock market's decline despite the expansion of the U.S. and European stock markets, the FT writes. According to the Financial Times, which cites data from the research group S3 Partners, hedge funds lost $43.2 billion over...

Changpeng Zhao, the founder and CEO of Binance, made the announcement on Tuesday in the Seattle court. Zhao plans to resign and enter a guilty plea for breaking anti-money laundering regulations, reports the Wall Street Journal. According to The Wall Street Journal, which cites sources, Changpeng...

Financial markets undervalue the UK's ability to sustain high rates of inflation, Bank of England Governor Andrew Bailey stated in a legislature, according to the Finance Times. In addition to confirming intentions to keep a tight monetary policy in place for some time, he said that investors place...

Aiming to create jobs and maintain long-term development goals, Chinese government experts will suggest 4.5% to 5.5% economic growth targets for the upcoming year to an annual policymakers' conference.   Speaking with Reuters, five of the seven advisors expressed their preference for a...

The European Central Bank warned on Tuesday that the collapsing commercial real estate market in the euro zone would struggle for years, endangering the banks and investors that financed it.   An ECB report on risks to financial stability highlighted growing anxiety over a real estate bubble...