A failed energy transition might reduce global GDP by as much as $6 trillion per year by 2050.
Nigeria’s central bank postponed a rate-setting meeting after the nation’s president overhauled its leadership and as the local currency plunged to record lows.
The pound slumped after the Bank of England opted to hold interest rates steady amid mounting concerns over the economy and signs inflation is receding.
The Nigerian naira extended its slide and hurtled toward the 1000-per-dollar mark in street trading, as the central bank held back from supplying dollars to a panic-stricken market.
Russia, a major supplier of diesel to global markets, has temporarily limited exports of the fuel in a bid to stabilize the domestic fuel market after car-fuel prices jumped.
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