Ghana is poised to secure approval from the International Monetary Fund’s board for a $3 billion bailout prior to restructuring its eurobonds, according to people with knowledge of the matter.
India, which relies on rain for the vast share of its water, forecast that the monsoon will be normal this year, potentially easing concerns over the impact on agriculture production and economic growth.
Wrangling over the deadline for phasing out coal risks signaling weakened resolve ahead of the COP28 climate summit in Dubai.Â
French Finance Minister Bruno Le Maire said Europe mustn’t be pushed around due to the rivalry between the US and China, standing by President Emmanuel Macron’s comment that the bloc’s countries shouldn’t become vassals in a global crisis.
In quieter times, Romania’s largest green-power producer would be entirely focused on its upcoming initial public offering, an ambitious sale estimated at about €2.3 billion ($2.5 billion) sale that could be the largest-ever in Eastern Europe. But with droughts persisting across Europe, Hidroelectrica SA is gearing up to take on another challenge: adding wind and solar capacities and expanding its existing hydro portfolio.
Chinese car parts makers are facing growing pressure from overseas customers to set up factories outside the country as mounting trade tensions and three years of Covid lockdowns make them wary of relying too heavily on China.
European natural gas prices slid further as weather forecasts point to warmer and windier weather, signaling lower consumption of the fuel.
Emmanuel Macron’s latest attempt to cast the European Union as a balancing power between the US and China will be tested this week as he seeks to enlist support from the Netherlands.
Norway’s inflation unexpectedly accelerated last month, in what’s likely to cement the central bank’s plan to raise interest rates by half a point in coming months.
Warren Buffett is turning his focus back to Japan, with the billionaire investor telling Nikkei that he’s mulling a boost to his stock investments in the country shortly after Berkshire Hathaway Inc. kicked off a yen bond sale.
