Page 1262 - World News

Goldman Sachs fund raises more than $20 billion for direct lending

The fund, West Street Loan Partners V, is targeting to back private equity-backed global businesses and has already invested or committed $4 billion across 37 portfolio companies to date

Developed countries fulfilled $100 bn climate finance promise in 2022: OECD

This promise was made in Copenhagen in 2009 and was supposed to be met by 2020

ConocoPhillips to buy Marathon Oil in $22.5 bn deal in latest energy merger

Shares of Marathon Oil rose 9% to $28.85, while ConocoPhillips fell 3.8% to $115.10 in morning trading

China plans CO2 emission cuts in key industries by 1% of 2023 level

The plan said China would 'strictly' control coal consumption, 'reasonably' control petroleum consumption and promote use of biofuel and sustainable aviation fuel

How AI made Meta CEO Mark Zuckerberg popular again in Silicon Valley

Many developers and technologists have embraced the Meta chief as their champion of 'open-source' artificial intelligence

South Africans begin voting in most competitive election since apartheid

Voter dissatisfaction over high rates of unemployment and crime, frequent power blackouts and corruption in party ranks lies behind the ANC's gradual fall from grace

Samsung Electronics' union in S Korea calls first ever walkout next week

The union, which has about 28,000 members, or more than a fifth of the company's total workforce, said it will stop work for one day on June 7

IMF upgrades China's 2024, 2025 GDP growth forecasts after 'strong' Q1

The global lender now expects the world's second-largest economy to grow 5 per cent in 2024 and to slow to 4.5 per cent in 2025

US condemns loss of life but says no policy changes after deaths in Rafah

The US would be monitoring the investigation into the incident and expected Israel to learn lessons from the airstrike, Kirby said

US bank profits jump 79.5% as large firms shake off failed bank costs

Specifically, the FDIC said bank noninterest expense dropped $22.5 billion in the first quarter, and was the primary cause of the profit boost

US urges owners to stop driving older Nissan vehicles over air bag issues

Over the past decade, more than 100 million Takata air bag inflators have been recalled worldwide - including 7 million in the United States - in the biggest auto safety callback on record

Meta removes accounts in China, Israel pushing content likely made by AI

Meta, the parent of Facebook, Instagram and WhatsApp, has seen threat actors rely on AI to produce fake images, videos and text in an effort to influence users on its sites

Tesla's $56 bn pay package for Elon Musk opposed by Calpers CEO Frost

Musk criticized Frost's remarks, saying in a post on his social media platform X that the pension fund 'is breaking their word'

Blinken pledges $135 mn in US aid to Moldova to counter Russian influence

The trip comes two weeks after Blinken made an unannounced trip to Ukraine to reassure Kyiv of Washington's support in the face of increased Russian attacks in its north

BlackRock's $20 bn ETF is now world's largest bitcoin fund: Report

The exchange-traded fund held $19.68 billion of token on Tuesday, overtaking Grayscale Bitcoin Trust's $19.65 billion, report said, citing data compiled by Bloomberg

Global unemployment rate is expected to fall slightly to 4.9% in 2024: ILO

The International Monetary Fund in April raised its 2024 forecasts for global growth to 3.2% from the 3.1% estimated in January, largely due to an improvement in the U.S. outlook

German inflation higher than expected ahead of ECB rates decision

Economists will pay close attention to the data ahead of the release of inflation figures from the wider euro zone on Friday

Explained: Why the 'All Eyes on Rafah' viral AI image is sweeping Instagram

As Israeli troops advance in an offensive on Rafah in the Gaza Strip, a campaign with the slogan 'All Eyes on Rafah' is gaining momentum

HSBC completes sale of Russian banking unit to Expobank for undisclosed fee

HSBC's exit from Russia has been on the cards since February, when Russian President Vladimir Putin gave approval for the asset sale to privately owned Expobank to go ahead

Israel says Gaza war likely to last another 7 months as tanks probe Rafah

The United States, Israel's closest ally, reiterated its opposition to a major Israeli ground offensive in Rafah on Tuesday while saying it did not believe such an operation was under way