WTI Stays Under $73 Amid Positive Outlook Despite Houthi Vessel Attacks
WTI Stays Under $73 Amid Positive Outlook Despite Houthi Vessel Attacks West Texas Intermediate (WTI) crude oil prices are grappling to push past the $73 mark, managing to hover around $72.80 per barrel during Asian trading hours on Tuesday. The market’s buoyancy, despite downward pressures, is partly due to geopolitical tensions that have heightened concerns over supply disruptions, particularly following an assault by the Houthi militant group on commercial shipping near Yemen. The attack’s immediate […]
G20 Trade Policies Tighten as Trade Growth Slows
G20 Trade Policies Tighten as Trade Growth Slows The World Trade Organization (WTO) has flagged a shift toward more restrictive trade practices among G20 nations, with their 30th monitoring report highlighting an increase in trade barriers from mid-May to mid-October 2023. Despite these measures, the value of trade facilitated by G20 still outstrips that affected by restrictions. The WTO’s Director-General, Ngozi Okonjo-Iweala, has urged G20 leaders to reverse these restrictions to aid global economic stability […]
Alphabet’s Stock Surges Due to AI
Alphabet’s Stock Surges Due to AI Alphabet Inc., the parent company of the search engine behemoth Google, has been making headlines with its stock (NASDAQ: GOOGL)(NASDAQ: GOOG) experiencing a notable surge, closing Monday’s trading session with a 2.4% increase, as reported by S&P Global Market Intelligence. This uptick is part of a larger trend within the technology sector, particularly among companies heavily invested in artificial intelligence (AI) technologies. Alphabet’s recent gains are a testament to […]