Browsing: Business

Inflation concerns dampen hopes for significant Fed rate cuts, leading to a downturn in U.S. stocks with the Dow dropping 414 points and S&P 500 faltering.

Belgium has delayed submitting its budget plans to the EU, citing the need for more time due to ongoing government formation talks.

Russia’s trade surplus rose to $87.9 billion in the first seven months of 2024, a 20.2% increase from last year.

Sterling climbs modestly against major currencies following positive labor market and inflation data from the UK.

MENA Newswire News Desk: Europe must rapidly boost investment by nearly $900 billion annually or face a significant decline in competitiveness,…

Russia’s gold reserves hit $188.8 billion by the end of August, a rise of 5.1% driven by global price increases. This marks the first time in 25 years that gold exceeds 30% of reserves.

Mortgage lending in the eurozone surged in July, with banks issuing €71 billion in loans, the highest since 2022, as interest rates fell, supporting the housing market recovery.

The WTO’s 2024 World Trade Report highlights the crucial role of trade in narrowing income gaps and fostering economic inclusiveness, urging global cooperation for shared prosperity.

Moscow’s trade with BRICS nations surged by 14.7% in early 2024, highlighting the city’s growing economic partnerships across key industries like microelectronics and agriculture.

Russia has increased its daily gold purchases by 700%, allocating 8.2 billion rubles per day from September 6 to October 4, according to the country’s Finance Ministry.