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Companies Supporting Israel Acknowledge the Impact of Boycotts: Decline in Profits and Rep...
SadaNews Economy - In a shift reflecting the economic dimension of popular boycotts, major global companies are facing increasing accusations of involvement in supporting Israel, which has made them susceptible to accumulated financial losses that have clearly reflected in global markets.
Shares...
European Steel Industry Threatened with Collapse Due to Chinese Imports and Trump's Tariff...
SadaNews Economy - European steelmakers have warned that the sector faces the risk of collapse under the pressure of cheap Chinese products and the high tariffs imposed by U.S. President Donald Trump, urging Brussels to impose tariffs similar to those in the U.S. on all metal imports.
Ilse Hinze, a...
Microsoft: Customers May Face Delays in Cloud Services Due to Red Sea Cable Disruption
SadaNews - Microsoft has stated that customers of its Azure cloud services platform may experience increased response times following the disruption of several international cables in the Red Sea.
The company added in a status update posted online that data traffic passing through the Middle East...
Norwegian Sovereign Wealth Fund's Decision to Withdraw from Israel Sparks Tensions with Wa...
SadaNews - The decision of the Norwegian sovereign wealth fund, the largest in the world with assets exceeding two trillion dollars, has sparked widespread controversy in Europe and the United States after it announced its withdrawal from investments in 29 companies linked to Israel, including the A...
Lifting of US Restrictions Opens a Window for Syrian Exports and Economic Recovery
SadaNews - In a move described as a strategic shift in the course of Syria, the U.S. administration announced last June the cancellation of most economic sanctions imposed on Damascus. The U.S. Department of Commerce quickly followed suit, announcing a relaxation of restrictions on the export of civ...
Gold Rises to a New Record Level Following U.S. Jobs Data
SadaNews - The price of gold has reached a new record level after U.S. jobs data came in weaker than expected, as the precious metal is on track to post weekly gains for three consecutive weeks, thanks to increased bets on interest rate cuts by the Federal Reserve later this month.
The price of an...
"Goldman Sachs": Gold Prices May Reach $5000 per Ounce
SadaNews - Goldman Sachs has stated that gold prices could soar to nearly $5000 per ounce if the credibility of the Federal Reserve is damaged, and investors decide to shift only a small portion of their holdings in U.S. Treasury bonds into the yellow metal.
The bank's analysts, including Samantha...
Oil Prices Decline for the Twelfth Consecutive Day
SadaNews - Oil prices fell for the second consecutive day, influenced by trader concerns regarding the potential for the "OPEC+" alliance to raise production, alongside indications of an economic slowdown in the United States and industrial data showing an increase in inventories at a majo...
U.S. Stocks Decline in Parallel with Bond Market Drop
SadaNews - "Wall Street" began September with a decline, as stocks joined the drop in bonds amid heavy sales of corporate debt and concerns about the budgets of developed countries. The dollar rose, and gold reached a record level.
Yields on 30-year U.S. Treasury bonds approached 5%, putting pressu...
Gold stabilizes after reaching all-time high supported by interest rate cut expectations a...
SadaNews - Gold experienced a six-day rise, pushing prices to an all-time high on Tuesday, as expectations of U.S. interest rate cuts enhanced the metal's appeal, and traders sought a safe haven following a wave of selling in the stock and bond markets.
Spot gold prices stabilized around $3530 an o...
Despite Washington's Pressure.. India Acquires Russian Oil at Discounts
SadaNews - Russian crude shipments have become cheaper for India, at a time when U.S. President Donald Trump's administration intensifies its criticism of the oil trade between New Delhi and Moscow, considering it to be aiding in funding the war in Ukraine.
According to traders who received offers...
Lebanon: Central Bank Prevents Entry of Funds from Entities Subject to International Sanct...
SadaNews - The Central Bank of Lebanon announced on Tuesday the issuance of a circular prohibiting the entry of any funds into the banking sector from Lebanese entities or organizations subject to international sanctions, particularly U.S. sanctions.
The bank stated in a statement: "The issu...