OPEC+: new increase in oil production in August
The Organization of the Petroleum Exporting Countries and its allies announced that they will collectively increase production by 188,000 barrels per day in August. This marks the fifth consecutive mo ...
Skyscrapers that enhance the city’s social life
Designed by the internationally renowned architectural firm Skidmore, Owings & Merrill (SOM), Two Manhattan West rises 58 storeys on the west side of Manhattan and forms a key component of the Man ...
Gold pulls back after strong rally
The nearly 29% decline from the record high of US$5,594 per ounce has once again highlighted the inherent volatility of gold, despite its long-standing reputation as a safe-haven asset.Following a ...
Alan Greenspan, former Fed Chair dies at 100
The news of his death was announced by his wife, NBC News journalist Andrea Mitchell, who stated that Greenspan passed away at their home due to complications related to Parkinson’s disease.Greens ...
PGIM Real Estate provides £48M loan to space station
The new financing will support the further expansion of Space Station’s portfolio, one of the largest independent self-storage companies in the UK market. The funds are expected to be used both to ref ...
U.S. and Iran reach agreement to end the war
“The agreement with the Islamic Republic of Iran has now been finalized,” U.S. President Donald Trump said via Truth Social, minutes after Pakistani Prime Minister Shehbaz Sharif announced on X that a ...
Atlantic SEE LNG trade doubles LNG volumes from the United States
Under the agreement, Atlantic SEE LNG Trade will double the contractual LNG volumes it purchases from Venture Global, increasing the minimum annual quantity from 0.5 million tonnes per annum (MTPA) to ...
Meliá expands argentine portfolio with two new hotels in Mendoza
The new projects, which are being developed in partnership with Grupo Almarena, mark the Spanish hospitality group's entry into Mendoza Province, one of Argentina's most prominent tourism and wine-pro ...
U.S. home sales rebound sharply in May
According to data released by the National Association of Realtors (NAR), existing home sales increased by 3.2% month-on-month, reaching a seasonally adjusted annualized rate of 4.17 million units. Th ...
U.S. housing market sees rise in withdrawn listings
According to data from brokerage firm Redfin, 5.8% of all homes listed for sale in the United States were withdrawn from the market in April. This marks the highest share since March 2020, when the ou ...
EBRD: Central Asia and Mongolia emerge as growth leaders for 2026–2027
According to the report, the economies of Kazakhstan, Kyrgyzstan, Mongolia, Tajikistan, Turkmenistan, and Uzbekistan are expected to grow by 5.6% in 2026 and 5.3% in 2027, recording the strongest perf ...
Blackstone targets the booming data centre sector
The newly established real estate investment trust (REIT), focused exclusively on digital infrastructure assets, offered 87.5 million shares at a price of $20 per share and is set to begin trading on ...
Lufthansa restructures network, removes 20,000 short-haul flights
The adjustment of the airline’s flight schedule began as early as the day before yesterday, following the announcement of the closure of its subsidiary CityLine.According to a statement issued tod ...
TotalEnergies, Masdar launch $2.2B renewable energy JV
The joint venture, in which both parties will hold equal stakes, will combine the existing onshore energy assets of the two companies into a single platform for the development, construction, ownershi ...
UPS announces voluntary exit program for thousands of drivers
The courier company announced that early retirement compensation offers will be limited to up to 7,500 drivers, as part of a settlement with the union, which had strongly opposed the company’s initial ...