Economy
Billionaires in the G20 countries earned a staggering $2.2 trillion in 2024, an amount that surpasses the $1.65 trillion needed to lift 3.8 billion people out of poverty worldwide, according to a report by Oxfam released ahead of the G20......
Economic cooperation between Saudi Arabia and the United States is expanding across diverse sectors, including traditional and renewable energy, advanced technology, artificial intelligence, and cloud computing. This partnership aims to drive growth and investment, with deepening coordination in cybersecurity,......
Asian stock markets declined sharply amid growing investor concerns over inflated valuations in the technology sector, particularly related to artificial intelligence (AI). Japan's Nikkei 225 dropped nearly 1.8%, closing just below......
European Union officials are preparing to confront U.S. Commerce Secretary Howard Lutnick over Washington's efforts to expand the list of EU products subject to elevated steel and aluminum tariffs. This expansion threatens to undermine a trade agreement reached just months ago designed to cap tariffs......
Japan’s economy contracted by 1.8% on an annualized basis in the third quarter of 2025, marking its first decline in six quarters as US tariffs weighed heavily on exports. The quarter-on-quarter drop of 0.4% was milder than economists’......
Bitcoin’s recent market turbulence has captured global attention, as the cryptocurrency briefly surged past $126,000 before plunging in a sudden correction. The dramatic price swing has reignited debates over the factors driving its volatility. New analysis from Citigroup suggests that the sharp......
U.S. stock futures dropped sharply on Friday morning as investor optimism over a Federal Reserve interest rate cut in December dwindled, following a tumultuous trading session that marked Wall Street’s steepest losses in over a month. Futures tied to the Dow Jones Industrial Average fell by 0.6%,......
Asian stock markets experienced a sharp decline on Friday, following Wall Street’s steepest losses in over a month. Investor sentiment soured amid growing doubts about the Federal Reserve’s willingness to cut interest rates in December and concerns over inflated valuations of artificial intelligence......
The International Energy Agency (IEA) has raised its global oil supply growth forecasts, cautioning that the market may face increasing imbalances in the coming years. According to the agency's latest monthly report, global oil supply is projected to outpace demand by 4 million barrels per day (bpd)......
Michael Burry, the investor famed for predicting the 2008 housing crisis, has resurfaced on social media after a two-year hiatus with a stark warning: artificial intelligence (AI) stocks are in a bubble, and major tech companies are inflating earnings through questionable accounting practices. Bold......
The latest U.S. sanctions targeting Russia’s top oil producers, Rosneft and Lukoil, have driven the discount on the country’s flagship Urals crude to $20 per barrel below Brent, marking the steepest reduction this year. The price gap mirrors levels seen shortly after Russia’s invasion......
Global financial markets surged on Monday as investors welcomed progress toward ending the longest government shutdown in U.S. history. Late Sunday night, the Senate advanced a funding bill that could reopen the government and restore federal operations. Global markets respond positively Asian markets......
Chinese alloy manufacturer Boway has unveiled plans to construct a state-of-the-art production facility in Nador, Morocco, marking a major step in the company’s global expansion strategy. Headquartered in Zhejiang, China, Boway specializes in producing alloy materials such as copper, brass, bronze,......
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