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Oil Prices Fall Amid Expectations of a Breakthrough in US-Russia Negotiations on Ukraine
SadaNews - Oil prices fell in early Asian trading on Monday, continuing their losses of over 4% last week due to the increase in US tariffs on its trading partners, OPEC's rising production, and expectations that the US and Russia are close to an agreement to cease fire in Ukraine.
Brent crude futu...
Gold Prices Decline as Geopolitical Fears Ease
SadaNews - Gold prices fell on Monday, as demand for the metal as a safe haven decreased due to signs of easing geopolitical risks, while investors await the upcoming U.S. inflation data, which may provide signals regarding the path of interest rates at the Federal Reserve.
Spot gold dropped by 0.7...
New Export Tax on AI Chips Affects Nvidia and AMD
SadaNews - In a move described as unprecedented in the history of modern global trade, American companies "Nvidia" (Nvidia Corp.) and "Advanced Micro Devices" (AMD) reached an agreement to pay 15% of their revenue from sales of AI chips in China to the U.S. government in exchange for special export...
Samsung Reveals Its Strategy to Compete with Chinese Smartwatches
SadaNews - Samsung has unveiled the features of its future strategy to enhance its competitive position in the smartwatch market, in response to the growing challenge from Chinese companies that focus heavily on battery life.
Samsung focuses in the new generation of Galaxy Watch 9 and Galaxy Watch 1...
Saudi Arabia: Growth in Industrial Production Amid Oil Recovery
SadaNews - The growth of industrial production in Saudi Arabia accelerated to 7.9% in June 2025, marking the highest rate of increase since the new calculation mechanism for the index was adopted in 2024, according to data from the General Authority for Statistics released today.
This performance w...
Artificial Intelligence Sets Ticket Prices by Exploiting Traveler Data
SadaNews - Frequent travelers and consumer rights advocates have long complained about the complex nature of airline ticket prices. Discounted tickets can quickly become expensive through "drip pricing," which imposes additional charges for amenities that were previously free, such as baggage deposi...
Disruptions in the Gold Market Due to Surprise U.S. Tariffs
SadaNews - The global gold market relies on a network of banks, refining companies, and shipping lines that can move gold bullion between major trading hubs at a moment's notice in pursuit of the highest prices. However, on Friday, a shocking U.S. decision indicating that the yellow metal would be s...
Oil Prices Stabilize Amid Anticipation of Trump-Putin Meeting
SadaNews Economy - Oil prices closed with little change after a volatile session, as investors assessed whether a potential agreement between the United States and Russia to end the war in Ukraine would gain international support and effectively impact Russian crude flows.
The price of Brent crude...
Global Food Prices Jump to Highest Level in Over Two Years
SadaNews Economics - Global prices of staple food commodities saw a remarkable surge during July, reaching their highest levels in more than two years, according to a new report by the United Nations Food and Agriculture Organization (FAO), which noted that the rise in prices of vegetable oils and m...
Oil Prices Set to Record Biggest Weekly Loss Since June
SadaNews - Oil prices are on track to record their largest weekly loss since June, as traders assess that U.S. efforts to end the war in Ukraine will not impact supplies, even as Washington imposes sanctions on India for importing crude oil from Moscow.
Brent crude traded near $66 a barrel, down ab...
As Tariffs Take Effect.. What Has Trump’s Trade Dream Achieved in Reality?
SadaNews Economy- "Tariffs are our greatest weapon".. With this statement made by Donald Trump on March 3, 2016, during a debate in Detroit, Michigan, the Republican candidate at the time announced his bold vision for reshaping global trade under strict American leadership, using tariffs as a negoti...
Gold Heads for Second Consecutive Weekly Gains
SadaNews Economy - Gold futures jumped to a new level in early Friday transactions, following a report indicating that the United States has imposed tariffs on gold bullion imports weighing one kilogram.
Gold is poised to record gains for the second consecutive week in spot trading, benefiting from...