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European Central Bank: Eurozone Economy Continues to Withstand Current Challenges
SadaNews - Member of the European Central Bank's Governing Council, Christodoulos Patsalidis, confirmed that the Eurozone economy continues to withstand current geopolitical challenges.
Patsalidis added, in an interview with the Cypriot newspaper "Politis" on Sunday, that "the Eurozone economy seem...
Stability of Gold Prices Amid Expectations of a Rise to $3,500 an Ounce
SadaNews - The price of gold stabilized after achieving its largest daily gains in two months during Friday's session, as investors continue to assess the impact of weak U.S. employment data on the Federal Reserve's interest rate trajectory.
The precious metal traded near $3,360 an ounce after risi...
Oil Prices Decline After OPEC+ Approves Significant Production Increase
SadaNews - Oil prices have dropped after the OPEC+ alliance approved a new and substantial increase in production, fueling fears of a global supply surplus at a time when the outlook for global economic growth is under pressure from the trade war led by the United States, which may affect energy con...
Iraq Denies Conceding Disputed Maritime Corridor with Kuwait
SadaNews Economy - The head of the Iraqi parliamentary Rights Bloc, Representative Saud Al-Saadi, affirmed that the issue of the disputed Khor Abdullah with Kuwait is a national and sovereign matter, not a political or electoral one.
He clarified during a press conference in Parliament that claims...
European Bank Stocks Reach Highest Levels Since 2008
SadaNews Economy - The stocks of the largest European banks have seen a significant increase this week, reaching unprecedented levels since the global financial crisis, driven by a sharp rise in long-term interest rates, which has greatly boosted these banks' profits.
HSBC's stock listed on the Lon...
What do you know about Norway's economy.. The richest oil country in Europe?
SadaNews - Oil has become the main driver of Norway's economy since the discovery of massive offshore reserves in the late 1960s, and the Norwegian economy has long been linked to the energy sector.
The uniqueness of the Norwegian experience lies in its ability to manage its natural resources effic...
US Federal Reserve Takes a Quick Hit After Its Decision to Maintain Interest Rates
SadaNews Economy - Just a few days have passed, and it seems that the recent decision by the Federal Reserve regarding interest rates has completely lost its validity.
The US central bank announced on Wednesday that it would keep borrowing costs unchanged, continuing the wait-and-see policy it star...
Trump's Tariffs Shock Business and Political Circles in India
SadaNews Economy - As Indian government officials assess their response and business groups calculate the costs of trade barriers, local social media accounts ignited with user protests over Trump’s comments and criticisms of Indian Prime Minister Narendra Modi for not speaking candidly.
The issue...
Oil prices rise and head for weekly gains of about 5%
SadaNews Economy - Oil prices rose during trading on Friday, after falling by more than 1 percent in the previous session, as traders assessed the impact of new high U.S. tariffs that could undermine economic activity and reduce global fuel demand growth.
In terms of trading, Brent crude futures ro...
Gold Slightly Declines and Heads for Weekly Loss
SadaNews Economy - Gold prices slightly declined during trading on Friday, heading for a weekly loss amid a rise in the dollar following U.S. President Donald Trump's imposition of new tariffs on dozens of countries, and with anticipation of the release of the U.S. jobs report later today.
In tradin...
Heathrow Expansion Plan to Cost £49 Billion
SadaNews Economy - London Heathrow Airport, the largest airport in Europe by passenger numbers, announced on Friday that its expansion and modernization plan, particularly through the construction of a third runway, will cost £49 billion (€57 billion), and will be fully funded by the private sector....
Among Them Israel and Arab Countries.. Trump Signs Executive Order to Impose New Tariffs
SadaNews Economy - The White House announced that US President Donald Trump signed an executive order last night imposing tariffs ranging from 10% to 41% on a number of countries.
The White House stated that President Donald Trump signed an executive order increasing tariffs on Canadian goods from...