IEA Cuts Global Oil Demand Forecast for 4th Time

The International Energy Agency has reduced its global oil demand forecast for the fourth time in five months as oil prices fall below $60 a barrel, the lowest since 2009. Meanwhile, Gucci announces the departure of its CEO and creative director, with Marco Bizzarri set to take over. Additionally, Alibaba founder Jack Ma becomes the richest person in Asia, surpassing Li Ka Shing, due to a significant rise in Alibaba's share value.

What significant change did the International Energy Agency make regarding global oil demand?

• Increased the forecast for global oil demand

• Cut the forecast for global oil demand

• Maintained the forecast for global oil demand

• Doubled the forecast for global oil demand

Who is set to take over as the head of Gucci?

• Frida Gianni

• Patrizio di Marco

• Jack Ma

• Marco Bizzarri

What challenge is Gucci facing according to the transcript?

• Rising competition from local brands

• Declining online sales

• Switching customer preferences to more exclusive labels

• Increasing production costs

Who did Jack Ma surpass to become the richest person in Asia?

• Elon Musk

• Li Ka Shing

• Bill Gates

• Warren Buffet

What was the percentage increase in Alibaba's shares that contributed to Jack Ma's wealth surge?

• 54%

• 30%

• 100%

• 75%