After riding a fossil-fuel boom for decades, Gulf Arab states are eyeing "green" hydrogen as they try to transition their economies and ease the climate crisis at a stroke.

Global stocks fell Tuesday after disappointing data from China deepened concerns over its economy, while strong US retail numbers and worries surrounding the American banking sector cast a pall on Wall Street.

Stock markets rose Thursday as highly anticipated official data showed that US consumer inflation inched up in July but held at a moderate level.

Oil prices rose to a multi-month peak Wednesday in the wake of OPEC supply cuts while global stocks were mixed following disappointing China data.

Concerns about further interest rate hikes weighed on stock markets Monday even as data pointed to economic fragility in the United States and Europe -- but Wall Street eked out gains to start the week.

Major stock markets mostly slid further Thursday as traders moved out of riskier assets after Fitch stripped the United States of its top credit rating this week.

US and European stock markets mostly fell on Tuesday as investors reacted to macroeconomic data and corporate earnings, while the dollar firmed.

From BP to ExxonMobil to TotalEnergies, none of the oil and gas majors have repeated the exceptional profits posted in 2022 when prices surged in the wake of Russia's invasion of Ukraine, but they nevertheless remain comfortably profitable this year.

Global stocks mostly edged up on Monday as investors remained optimistic that interest rates will not go higher and China made moves to boost lackluster growth.

Stock markets had a mixed showing Thursday as European indices rallied while Wall Street slipped on concerns over interest rates.

Japanese Prime Minister Fumio Kishida on Monday discussed clean energy cooperation with top officials during a visit to the UAE, host of this year's UN climate talks.

Lackluster Chinese economic data weighed on equity markets in Europe and Asia Monday, while Wall Street stocks extended an upward swing ahead of major earnings.

World stock markets rallied Thursday and the euro hit a 17-month dollar peak, after easing US inflation stoked hopes the Federal Reserve's long-running campaign of interest rate hikes could be near an end.

Stock markets bounced on Wednesday as data showed US inflation cooled more than expected in June, raising hopes that the Federal Reserve will soon end its cycle of interest rate hikes.

Asian and European equities faltered Tuesday in muted trade, with Wall Street shut for the US Independence Day holiday.

Oil prices reversed into the red Monday on global growth concerns, despite fresh output cuts by key producers Saudi Arabia and Russia aimed at propping up prices.

Stock markets diverged Wednesday as a rally fueled by upbeat US economic data ran out of steam, but the dollar got a boost on rate hike comments.

Global stocks advanced Tuesday as China's growth reassurances and solid economic data in the United States helped reduce recession worries.

Global stocks were mixed Thursday with European bourses falling after a clutch of central banks in Europe hiked interest rates again, while US equities shook off recent weakness.

Asian and European stocks fell into the red Monday as investors await more interest-rate decisions this week and fret over the lack of a stimulus plan to kickstart the Chinese economy.

Asian investors pushed equities even higher Wednesday after data showed US inflation fell further last month, ramping up expectations the Federal Reserve will finally pause its interest rate hike campaign.

Major stock markets mostly advanced Monday, with attention focused on central banks this week and their latest decisions over interest rates as inflation remains high.

Oil prices slid Tuesday as dealers mulled the weak demand outlook after having rallied the previous day on output cuts from key crude producer Saudi Arabia.

Oil prices advanced Monday after key producer Saudi Arabia slashed output by a million barrels in a bid to prop up prices, while Wall Street stocks retreated from multi-month peaks.

Riyadh on Sunday announced a fresh oil output cut following a meeting of major producers aiming to prop up prices despite fears of a recession.

Wall Street and European markets ended with healthy gains, and Asia followed suit on Friday.

Wall Street extended losses while European stocks suffered their biggest single-day loss since March, after Asia had also closed in the red.

Most European indices closed down as well, including the FTSE 100 in London which dipped into the red after earlier gains.

Last month, major oil producers led by Saudi Arabia announced a surprise output cut of more than one million barrels per day.

Oil dropped 2% on Tuesday after two sessions of gains as deepening concerns of an economic slowdown and a stronger dollar outweighed hopes of higher Chinese demand and lower U.S.