Economy
British supermarket group Morrisons is reportedly exploring a major real estate transaction worth around £600 million ($803 million) as the retailer seeks new strategic opportunities for its property assets. According to Sky News, citing industry sources, Morrisons is in discussions with several......
The US dollar strengthened against most major currencies as renewed tensions in the Middle East increased uncertainty in global financial markets, prompting investors to seek traditional safe-haven assets while reassessing the outlook for inflation and monetary policy. The US Dollar Index, which measures......
The FIFA World Cup 2026 is becoming a collector’s item in more ways than one. The international football governing body has begun selling small pieces of the pitch from the MetLife Stadium in New York, the venue that will host the tournament final on July 19, offering fans the chance to own a physical......
The European Central Bank (ECB) is once again confronting mounting inflationary pressures as renewed hostilities between the United States and Iran drive energy prices higher, complicating the eurozone's monetary policy outlook. Speaking on Friday, Yannis Stournaras, a member of the ECB's Governing......
The International Monetary Fund (IMF) has welcomed the U.S. Federal Reserve's planned review of its communication strategy, saying it looks forward to engaging with the central bank as it reassesses how it communicates monetary policy and the use of forward guidance. Speaking on Thursday in Washington,......
The number of Americans applying for unemployment benefits declined last week, offering fresh evidence that the U.S. labor market remains resilient even as hiring activity continues to moderate. According to new data released by the United States Department of Labor, initial claims for state unemployment......
A new report from global investment bank Morgan Stanley highlights a major shift in the energy storage sector, driven by the rapid development of low-cost sodium-based battery technologies that could redefine global energy systems in the coming decades. The report indicates that sodium-ion batteries,......
Global personal wealth recorded its strongest annual expansion in several years during 2025, creating nearly one million new U.S. dollar millionaires as financial markets delivered robust returns, according to the latest UBS Global Wealth Report. The Swiss banking group reported that total global personal......
The European Union has formally approved its trade agreement with the United States, clearing the way for the deal to enter into force before the implementation deadline set by Washington. The decision follows months of legislative procedures and negotiations aimed at balancing economic cooperation with......
The United States economy recorded a stronger pace of growth in the first quarter of 2026, according to data released by the Department of Commerce, signaling a gradual recovery following the disruptions caused by a prolonged federal shutdown in the previous year. The final estimate of gross domestic......
Federal Reserve overhauls banking supervision structure to boost efficiency and transparency The U.S. Federal Reserve has launched a major reform of its banking supervision framework, approving a comprehensive restructuring plan aimed at improving oversight efficiency, strengthening transparency, and......
The US dollar has extended its gains, reaching its highest level in 13 months against major global currencies, as investors turn to safer assets amid growing uncertainty in financial markets. The currency rally comes as global stock markets experience increased volatility, driven largely by a sell-off......
The United States Department of Energy has announced a major funding package worth $17.5 billion aimed at accelerating the development of nuclear power across the country, in what officials describe as a strategic effort to strengthen national energy security and expand electricity generation capacity. The......
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