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Keywords: Global
The United Nations Educational, Scientific and Cultural Organization (UNESCO) has called for broader use of debt-for-education swaps as governments face mounting financial pressure that is limiting investment in schools and learning systems worldwide. Speaking at a global education summit in Paris on......
German pharmaceutical and life sciences group Bayer has secured €3 billion ($3.4 billion) in equity financing through an agreement with funds managed by Apollo Global Management, strengthening its capital structure while retaining control of one of its key healthcare businesses. Announced on Friday,......
Bahrain has confirmed that it has not drawn on its $5.3 billion currency swap agreement with the United Arab Emirates, despite mounting economic pressure linked to regional instability. Speaking to Reuters, Noor bint Ali Alkhulaif said the financial arrangement remains untouched as the kingdom continues......
The International Monetary Fund (IMF) has slightly lowered its global economic growth forecast for 2026, citing the impact of renewed geopolitical uncertainty while maintaining that stronger activity next year should offset much of the current slowdown. In its latest update to the World Economic Outlook......
Canada has secured the backing of nine countries for the creation of a new multilateral financial institution dedicated to strengthening defence and security capabilities, marking a significant step toward expanding long-term investment in allied resilience. Announced during the NATO Summit in Ankara,......
HSBC has launched a strategic review of its retail and domestic corporate banking operations in Turkey, as the British banking group continues efforts to simplify its global structure and focus on markets where it sees stronger growth potential. The lender said on Tuesday that it is evaluating all options......
A senior European Central Bank (ECB) policymaker has cautioned that the outlook for the euro zone economy remains fragile, urging central bankers to prepare for an increasingly uncertain global environment when shaping future monetary policy. Speaking at a research conference in Rome on Tuesday, Fabio......
Spain is projected to welcome around 100 million international tourists this year, marking a new milestone for one of the world’s most visited destinations, according to Spain’s Tourism Ministry. Tourism Minister Jordi Hereu said visitor numbers are expected to rise further during the peak......
The global oil market has so far demonstrated remarkable resilience after losing more than one billion barrels of supply during the conflict involving Iran. However, industry analysts warn that the stability achieved in recent months has come at the expense of emergency stockpiles, leaving the market......