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After a Wave of Losses Lasting 4 Days.. Oil Prices Stabilize
SadaNews - Oil prices stabilized after a wave of losses that lasted four days, as investors ignored U.S. President Donald Trump's threat to impose secondary tariffs on buyers of Russian energy, while American data indicated a slowdown in the largest economy in the world.
Brent crude traded below $6...
Gold Records Longest Winning Streak Since February
SadaNews - Gold prices maintained their longest winning streak since February, supported by increasing concerns over a slowdown in the U.S. economy, which boosted demand for safe-haven assets, along with traders' bets on interest rate cuts.
The price of the precious metal stabilized in early Asian...
Norway Plans to Review its Sovereign Fund Investments in Israel
SadaNews Economy - The Norwegian government announced on Tuesday that it has ordered a review of its sovereign wealth fund portfolio to ensure the divestment from Israeli companies contributing to the entrenchment of the occupation of the West Bank or the war in Gaza.
This review comes after a repo...
Jordan's Central Bank Regulates the Use of Artificial Intelligence in the Banking Sector
SadaNews - The Central Bank of Jordan announced the release of a regulatory framework for the use of artificial intelligence in the Jordanian banking sector, in a strategic move aimed at supporting innovation and ensuring the safe and responsible use of modern technologies, thereby enhancing the cou...
Predictions of ChatGPT Users Increasing to 700 Million Weekly
SadaNews Economy - It is expected that the number of weekly active users of ChatGPT from OpenAI will reach 700 million this week, up from 500 million in March, marking a more than fourfold year-on-year growth, according to the company.
This figure includes all ChatGPT AI products - free, Plus Pro,...
Stability of Oil Prices After a Three-Day Decline
SadaNews - Oil prices stabilized after a three-day decline, as investors evaluated the risks surrounding Russian supplies, while U.S. President Donald Trump escalated his threat to impose sanctions on India for purchasing oil from Moscow.
Brent crude traded below $69 per barrel after losing more th...
Gold Price Stabilizes at $3,375 per Ounce
SadaNews - Gold prices have made slight gains as traders continue to bet that the Federal Reserve will cut interest rates at its next meeting in September.
The price of bullion stabilized at $3,375 per ounce at the beginning of Asian trading. Traders now see a 98% chance that the U.S. Federal Reser...
American SentinelOne Acquires Israeli Company for $250 Million
Translation by SadaNews Economy - American cybersecurity company SentinelOne has acquired the Israeli company Promet Security in an official deal worth $250 million.
According to the Hebrew economic newspaper Calcalist, the deal amount is not considered large, noting that Promet was founded two yea...
America Ties $1.9 Billion Payment to States and Cities to Their Stance on Boycotting Israe...
SadaNews Economy - The Federal Emergency Management Agency (FEMA) in the United States announced in a statement that U.S. states and cities will not receive funding for natural disaster preparedness if they choose to boycott Israeli companies.
Under the agency's conditions for grant beneficiaries,...
Update: Trump Threatens to Increase Tariffs on India Due to Its Purchase of Russian Oil
SadaNews Economy - U.S. President Donald Trump threatened on Monday to significantly increase U.S. tariffs on Indian goods due to India’s purchases of Russian oil, just days before the more severe tariffs he imposed on dozens of economies go into effect.
Trump stated in a post on his platform "Trut...
Shock of U.S. Tariffs Shakes Swiss Watch Industry
SadaNews - Shares of major Swiss luxury watch manufacturers, such as "Richemont" and "Swatch", experienced sharp fluctuations on Monday following U.S. President Donald Trump's announcement of a 39% tariff on Swiss watch imports to the United States, exacerbating the challenges facing this sector.
T...
With Fraud at the Forefront.. Huge Increase in Economic Crimes in Germany
SadaNews Economy - A statistic from the Federal Criminal Police Office in Germany revealed that the number of economic crimes in the country increased significantly during the year 2024.
The office reported a rise of over 847% in cases of fraud in the healthcare system alone, noting that a large-sc...