The world is set to add a record amount of renewable electricity capacity this year as governments and consumers seek to offset high energy prices and take advantage of a boom in solar power, according to a new report Thursday.

The International Energy Agency said high fossil fuel prices — resulting from Russia's attack on Ukraine — and concerns about energy security had boosted the rollout of solar and wind power installations, which are expected to reach 440 gigawatts in 2023.

The latest round of corporate earnings is leaving Wall Street with a confounding sense of relief and lingering anxiety.

Companies are in the midst of an "earnings recession," meaning profits have contracted for two straight quarters, starting with a 4.6% drop at the end of 2022.

Veering away from a default crisis, the House approved a debt ceiling and budget cuts package late Wednesday, as President Joe Biden and Speaker Kevin McCarthy assembled a bipartisan coalition of centrist Democrats and Republicans against fierce conservative blowback and progressive dissent.

The hard-fought deal pleased few, but lawmakers assessed it was better than the alternative — a devastating economic upheaval if Congress failed to act. Tensions ran high throughout the day as hard-right Republicans refused the deal, while Democrats said "extremist" GOP views were risking a debt default as soon as next week.

Wall Street stocks fell early Wednesday as markets watched for progress on a deal to lift the U.S. debt limit and avoid a first-ever default -- with a vote in Congress expected later in the day.

Dow Jones Industrial Average slipped 0.3 percent to 32,930.42 and the broad-based S&P 500 Index fell 0.4 percent to 4,190.93.

Wall Street pointed mostly higher early Tuesday after President Joe Biden and House Speaker Kevin McCarthy reached an agreement on a deal to raise the U.S. national debt ceiling.

Futures for the Dow were flat the S&P 500 rose 0.7% before the bell.

Global shares are mixed amid concerns over risks to the economic outlook in China and elsewhere.

France's CAC 40 shed 0.4% to 7,273.34. Germany's DAX rose 0.3% to 16,002.44, and Britain's FTSE 100 edged 0.2% lower to 7,615.05. The future for the Dow Jones Industrial Average was 0.2% higher while that for the S&P 500 rose 0.5%.

President Joe Biden says he "feels good" about the debt ceiling and budget deal negotiated with House Speaker Kevin McCarthy as the White House and congressional leaders work to ensure its passage this week in time to lift the nation's borrowing limit and prevent a disastrous U.S. default.

Biden spent part of the Memorial Day holiday working the phones, calling lawmakers in both parties, as the president does his part to deliver the votes. A number of hard right conservatives are criticizing the deal as falling short of the deep spending cuts they wanted, while liberals decry policy changes such as new work requirements for older Americans in the food aid program.

The brief kidnap of a Saudi man in Lebanon will not affect the “promising” summer tourism season, the head of the Syndicate of Hotel Owners in Lebanon, Pierre Achkar, said.

Congratulating security forces on the “swift liberation” of the Saudi citizen, Achkar said such prompt action “sends a clear and firm message to anyone who dares to temper with security.”

World shares were mostly higher Monday after President Joe Biden and House Speaker Kevin McCarthy reached a final agreement on a deal to raise the U.S. national debt ceiling, though the measure requires approval by Congress.

Paris, Frankfurt, Tokyo, Sydney and Shanghai advanced while Hong Kong fell. Markets in London and Seoul were closed for a holiday and U.S. markets will be closed Monday for Memorial Day.

The reviews are starting to come in as details emerge about the debt ceiling agreement reached by President Joe Biden and House Speaker Kevin McCarthy.

Even before seeing those details, some lawmakers were criticizing the deal as not doing enough to tackle the nation's debt, while others worried it's too austere and will harm many low-income Americans.