DAVOS/ WAM Despite the challenges of 2023 and escalating geopolitical tensions, business leaders remain surprisingly optimistic for 2024, according to new research from Economist Impact and DP World, unveiled today at the World Economic Forum. The primary driver is a growing belief that technology will transform the efficiency and resilience of supply chains. Amid escalating concerns about protectionism, global fragmentation ...

BLOOMBERG European stocks and US futures retreated, while the dollar rose to a one-month high and bonds fell as the market digested the latest comments from central bank officials pushing back against bets on aggressive interest rate cuts. The Stoxx Europe 600 index headed for a five-week low, with retailers and banks leading the decline. Futures on the S&P 500 ...

BLOOMBERG Shell Plc agreed to sell its Nigerian onshore oil business to a consortium of local companies for more than $1.3 billion. If approved by the government, the transaction would fulfill Shell’s long-term goal of extracting itself from a challenging operating environment in the Niger Delta region, while retaining a presence elsewhere in the country. Beyond the initial price tag, ...