Browsing: Business

The European Commission has formally proposed a zero-tariff agreement on all industrial goods with the United States, signaling a renewed push to de-escalate transatlantic trade tensions. The offer was confirmed by European Commission President Ursula von der Leyen, who also

The eight OPEC+ countries that had previously undertaken voluntary production adjustments have reaffirmed their coordinated efforts to support global oil market stability in response to sustained positive market indicators. Representatives from Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria,

The global market for five key energy technologies electric vehicles, electrolysers, heat pumps, solar photovoltaic systems, and wind turbines is projected to surge to approximately US$2.1 trillion by 2035, according to the latest World Energy Transitions Outlook 2024 published by

MENA Newswire News Desk: NVIDIA continues to rank among the top blue-chip artificial intelligence (AI) stocks supported by billionaire investor Cliff Asness. According to the latest 13F filing for Q4 2024, Asness’s firm, AQR Capital Management, holds approximately $2.19 billion

Gold prices remained largely flat on Monday, with investors closely watching for clarity on Trump’s tariffs ahead of a key April 2 deadline. Spot gold held at $3,026.85 per ounce by 1131 GMT, while U.S. gold futures edged up 0.4%

The European Parliament’s International Trade Committee has endorsed two separate macro-financial assistance (MFA) packages aimed at supporting Egypt and Jordan, with proposed loans of €4 billion and €500 million respectively. The approvals were granted during a vote held on 21

The Banque de France has revised its economic forecast, lowering the country’s gross domestic product (GDP) growth projection for 2025 to 0.7 percent, down from the 1.1 percent estimate made in December 2024. The French central bank announced the adjustment

The European Commission has proposed extending the EU’s gas storage obligations until the end of 2027 to maintain energy security and stabilize the region’s gas markets. The proposal, announced on March 5, 2025, aims to ensure adequate gas reserves amid

South Korea’s economy expanded by 2 percent in 2024, according to preliminary data released Wednesday by the Bank of Korea (BOK). The growth rate aligns with the central bank’s earlier estimate from January and marks an improvement from the 1.4

AI startup Anthropic has seen its valuation soar to $61.5 billion following its latest funding round, marking a threefold increase in a short span. The company successfully raised $3.5 billion, significantly surpassing its initial $2 billion target. This rapid valuation