AI, geopolitics, climate, and demographics are reshaping the Middle East’s growth model beyond oil.
Tokyo, Japan -- Japanese tech investor SoftBank said Wednesday that its stake in OpenAI is now around 11 percent after...
Asian shares crept cautiously higher on Monday, while the dollar and bond yields were on the wane ahead of inflation...Oil prices climbed 0.8% after Israel and Hezabollah traded rocket salvos
The dollar slipped a further 0.5% to 143.64 yen, having fallen 1.3% on Friday
The Fed's benchmark lending rate currently sits at a 23-year high of between 5.25 and 5.50 percent, cooling demand in..."The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks," Fed chair Powell said
After holding its key lending rate at a two-decade high for more than a year, Powell's remarks suggest the US central bank is now all but certain to start cutting rates
The annual Jackson Hole Economic Symposium in the US state of Wyoming gives Powell a global platform to enlighten financial...After holding its key lending rate at a two-decade high for more than a year, the US central bank now seems poised to start cutting rates in September
While inflation has eased, the labor market has shown signs of cooling - though still remaining solid by historical standards - and economic growth has been resilient
- Oil prices fell by more than $2 a barrel Monday on the prospect of successful Middle Eastern peace talks reducing...
Brent crude futures settled at $77.66 a barrel
Energy investors also awaited clues on the U.S. Federal Reserve's next interest rates decision
Asia-Pacific markets were mixed on Monday after a week that saw a broad rally in stocks, as investors awaited a...The Bank of Korea releases rate decision Thursday, Japan and Singapore issue inflation data Friday
Against the yen, the greenback fell more than 0.8% to 146.37
Beijing, China - Youth unemployment in China ticked up to 17.1 percent in July, official figures showed, the highest level this...China is battling soaring joblessness among young people, a heavily indebted property sector and intensifying trade issues with the West
The unemployment rate among 16- to 24-year-olds released Friday by the National Bureau of Statistics (NBS) was up markedly from June's 13.2 percent
Advanced blockchain analysis tools, such as those provided by Chainalysis, are empowering law enforcement agencies and enterprises to counter the...Research by Chainalysis found that flow of crypto funds to legitimate services has reached their highest levels since 2021
Aggregate illicit activity over the same period fell by an impressive 19.6 percent
Norway’s massive sovereign wealth fund on Wednesday posted first-half profit of 1.48 trillion kroner ($138 billion), primarily driven by robust...Completely different geopolitical situation now present more risks to global stocks
The PIF, which has $977 billion in assets, reported a 2023 profit of $17.2 billion in a July 2024 filing
Dubai, UAE - Dubai's real estate market reached a new peak in July, with sales hitting an all-time high of...Apartment sales, which accounted for nearly 45% of all transactions, surged by 62% year-on-year, with approximately 70% of these being off-plan sales
The villa segment also saw a shift towards the off-plan market in the past two months, resulting in a 9.9% year-on-year growth overall
Geneva, Switzerland – A recent report by the World Economic Forum (WEF) highlights the growing concern that unequal access to...The WEF’s research reveals that disparities in access to green financing pose the greatest risk to economic equity across various sectors
The findings underline the need for a fair distribution of the costs and benefits of climate action among workers, consumers, and businesses
