Bloomberg Goldman Sachs group Inc urged investors to pile into commodities as most recession risks coursing through global markets are overblown in the near term, arguing that raw materials stand to rebound amid a profound energy crisis and tight physical fundamentals. “Our economists view the risk of a recession outside Europe in the next 12 months as relatively low,” ...

  Bloomberg The global economy risks sustained weakness without a change in how it’s run, according to Agustin Carstens, who heads the Bank for International Settlements (BIS). The pandemic and war in Ukraine have proved a “rude awakening” for central banks, which had assumed for too long that supply adjusts automatically and smoothly to shifts in demand, Carstens told the ...

  Abu Dhabi / WAM The UAE condemned the violence in Libya and called on all parties to immediately halt military operations, preserve the safety of civilians, government headquarters, and property, and exercise the utmost restraint to end the current crisis. The UAE urged parties to set aside division, restore calm and serious dialogue, and prioritize the national interest to ...