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Global shares hit fresh peak, oil up on Middle East tensions

15.02.2021, 13:45

LONDON - Global shares rose for the 11th day in a row to reach a fresh peak on optimism about the rollout of COVID-19 vaccines and new fiscal aid from Washington, while tensions in the Middle East drove oil to a 13-month high.

Oil hits 13-month highs as market rebalances

15.02.2021, 13:24

LONDON - Oil prices soared to their highest in about 13 months on Monday as vaccine rollouts promised to revive demand and producers kept supply reined in.

Icy weather chills Texas wind energy as deep freeze grips much of U.S.

15.02.2021, 13:03

Ice storms knocked out nearly half the wind-power generating capacity of Texas on Sunday as a rare deep freeze across the state locked up turbine towers while driving electricity demand to record levels, the state's grid operator reported.

As Lebanon's banks struggle to raise capital, a deadline looms

15.02.2021, 12:41

BEIRUT- Paralysed by financial crisis and riven with political risk, a number of Lebanon's banks are struggling to meet a central bank target to raise their capital defences by 20% by the end of this month.

Explainer: Bitcoin's mainstream charge raises stakes for central bank digital cash

15.02.2021, 12:19

LONDON - As cryptocurrencies increasingly go mainstream, pressure is growing on the world's biggest central banks to move forward with their plans to issue digital cash and fend off private sector threats to traditional money.