Tag Archives: Global Economy

OPEC+ Delays Planned Oil Output Increase Amid Falling Prices and Economic Concerns OPEC+, the alliance of the Organisation of the Petroleum Exporting Countries (OPEC) and its allies led by Russia, has agreed to delay a planned oil output increase for October and November 2024. This decision comes after crude prices fell to their lowest in nine months, with further pauses …

Global companies are adjusting their full-year sales and profit expectations downward due to mounting challenges from higher interest rates and a weakening Chinese economy. These factors are impacting consumer sentiment and dampening the recent earnings growth that had buoyed investor optimism. Several major corporations, including McDonald’s, Nissan, Tesla, Nestlé, and Diageo, have fallen short of investor expectations. Despite approximately 40% …