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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...
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...