The Russian Defense Ministry announced on Wednesday that 248 of its service members have been released from Ukrainian captivity. Kiev has claimed that 230 of its personnel have been exchanged with Moscow.

Crude prices had previously surged nearly 3% due to ongoing tensions in the Middle East and an outage in Libya Global prices for crude oil increased on Thursday, stretching gains scored during the previous day as tensions around the Israel-Gaza military conflict continue to escalate, and protesters at the largest oil field in Libya ceased…

The Purchasing Managers’ Index has been in decline for seven consecutive months Business activity in Europe’s 20-nation single currency bloc continued to contract at the end of 2023, as a downturn in the dominant services industry stretched into the final month of the year, data compiled by S&P Global has revealed.