TheBuzz24

The International Monetary Fund and the World Bank on Thursday each noted they had resumed dealings with Venezuela, which had been paused since 2019 due to government recognition issues. The move paves the way for a full IMF assessment of Venezuela’s economy for the first time in some 20 years and could eventually unlock billions of dollars in funding via frozen special drawing rights. IMF Managing Director Kristalina Georgieva said in […]

Oil prices fell after Trump revealed a ceasefire between Israel and Lebanon. The truce raised hopes for broader peace talks across the region. ING warned that Hormuz disruptions were still keeping physical oil markets tight. Oil prices fell after U.S. President Donald Trump remarked that the war in Iran “should be ending pretty soon,” while […]

Uber will pay will pay 20 euros a share for an additional 4.5% of Delivery Hero’s shares, it was declared on Friday. Prosus, which is selling the shares, remarked gross proceeds are approximately 270 million euros ($318 million). Prosus has been forced by European regulators to liquidate down its Delivery Hero stake to proceed with […]

U.S. Ambassador to India Sergio Gor met India’s energy minister to discuss expanding India’s “access to reliable American energy.” The U.S. has commented it will not be renewing previous waivers on Russian and Iranian oil. High freight costs, incompatible refinery infrastructure, and longer delivery times are among the key obstacles to increased U.S.-India energy trade. […]

European chip startups increasingly eye large funding rounds as they look to scale amid the AI boom. Dutch firm Euclyd, backed by the former CEO of chipmaking equipment giant ASML, told CNBC it is in discussions with investors for a round of at least 100 million euros ($118 million). But Europe’s funding ecosystem, as well […]

Spain’s economy minister has touted the country’s energy resilience during the Iran war. The southern European country has ramped up its investment in solar and wind technologies in recent years. U.S. President Donald Trump has threatened to sever trade ties with Madrid, repeatedly criticizing the country’s commitment to defense spending. Spanish Economy Minister Carlos Cuerpo […]