UAE economy extends global rise on strong 2026 data
ABU DHABI: The United Arab Emirates entered 2026 with a strong run of official economic data showing broad-based expansion across non-oil activity, trade, banking and investment,...
Tag : Inflation
Bank of Korea holds 2.5% rate and rolls out dot plot
SEOUL: South Korea’s central bank kept its benchmark interest rate unchanged at 2.50% on Thursday, maintaining the Base Rate as policymakers balanced a steady inflation backdrop with improving...
Global markets face disruption amid $17.3 trillion oil shock warning
CryptoWire, LONDON: Global financial markets are navigating renewed turbulence after warnings of a potential $17.3 trillion oil price shock that could reverberate across energy, currency, and digital...
Gold prices rise as risk sentiment weakens globally
LONDON, December 19, 2025: Gold prices rose on Thursday as investors shifted toward safe-haven assets amid weaker risk sentiment following mixed U.S. labor market data, geopolitical tensions, and firm...
Rising tariffs and inflation fears drive sharp drop in U.S. confidence
U.S. consumer confidence sinks to early pandemic levels as inflation and tariffs fuel recession fears among Americans....
U.S. jobless claims rise to 242,000, highest level in three months
U.S. jobless claims climbed to 242,000 last week, hitting a three-month high as layoffs increase in both corporate and government sectors. The labor market remains...
Bitcoin gains momentum as investors bet on 2025 Fed rate cuts
Bitcoin surged past $96,000 as Fed’s Raphael Bostic signaled rate cuts in 2025, boosting investor optimism and driving expectations of a shift in U.S. monetary...
Gold extends rally past $2,950 as investors seek safe-haven assets
Gold soars past $2,950, reaching record highs as investors seek safety amid trade tensions, falling yields, and central bank demand, pushing markets toward defensive strategies....
UK businesses brace for record job cuts amid rising costs
UK employers face a decade-high redundancy surge as tax hikes and rising costs erode confidence, with firms slashing jobs to counter financial pressures in an...
European Commission says Trump’s tariff strategy disrupts global trade
The European Commission opposes Trump’s reciprocal trade policy, warning it could disrupt markets, fuel inflation, and harm businesses, vowing to protect EU industries from unfair...