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Business
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Economy
9/16/2024 4:32:25 PM
American consumers and home buyers, business people and political leaders have been waiting for months for what the Federal Reserve is poised to announce this week: That it's cutting its key interest rate from a two-decade peak.
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Business
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Markets & Companies
9/10/2024 10:30:34 PM
Oil's main international benchmark fell below $70 per barrel for the first time since the end of 2021 amid mounting concerns about slowing global growth.
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Business
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Markets & Companies
8/14/2024 3:47:47 PM
Stock markets mostly advanced Wednesday as attention switched to inflation data, notably in the United States, and the outlook for interest-rate cuts.
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Business
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Markets & Companies
8/12/2024 7:01:10 PM
Global stock markets mostly rose Monday as investors tried to move on from upheaval fuelled by US recession worries, with focus shifting to the week's release of American inflation figures and other key data.
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Business
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Economy
8/8/2024 2:30:36 PM
Due to the fluctuation of international and local demand for gold over the past year exhibiting unprecedented highs, there was a need to find a hedge against the depreciation of the EGP in Egypt, which is investing in gold.
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Business
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Economy
8/5/2024 9:56:16 PM
Global stock markets have been in panic mode since last week when a weak US jobs report triggered something called "the Sahm Rule", a reliable indicator that the economy is in recession.
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Egypt
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Society
7/23/2024 5:40:57 PM
Egyptian authorities have placed six major governorates along the Mediterranean coast on high alert following a noticeable recession in seawater.
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Business
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Markets & Companies
4/30/2024 5:21:18 PM
Eurozone equities sagged Tuesday, weighed down by the strong euro as investors digested bright economic news, while London hit another record peak on earnings-driven optimism.
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Business
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Economy
11/13/2023 4:11:15 PM
Europe’s economy is weak and a destabilization through the war in Palestine could be hard to handle. Although impact remains limited, even Germany, the continent’s biggest economy, is facing recession.
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Business
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Economy
10/11/2023 2:57:44 PM
United States Treasury Secretary Janet Yellen says the war between Israel and Hamas poses “additional concerns” to the American economy, but she still expects inflation can be contained without causing a recession.
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Business
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Economy
9/20/2023 7:53:59 PM
The Federal Reserve is set to leave its key interest rate unchanged Wednesday as it seeks to guide the US economy toward a “soft landing" of cooling inflation without triggering a deep recession.
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Business
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Economy
6/27/2023 5:11:10 PM
European Central Bank President Christine Lagarde warned Tuesday that inflation is holding its grip on the economy and underlined that the bank intends to raise rates high enough to “break this persistence."
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World
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Region
6/21/2023 6:48:24 PM
France's new special envoy for Lebanon arrived in Beirut on Wednesday for talks with Lebanese leaders, state media reported, as bitter divisions continue to plague the crisis-hit country.
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Business
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Economy
6/15/2023 2:34:45 PM
The German economy will contract in 2023, two leading economic institutes said Thursday, revising down earlier forecasts after persistently high inflation contributed to a weaker-than-expected start to the year.
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Business
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Economy
6/12/2023 10:56:39 AM
The European Central Bank will almost certainly deliver another interest rate hike on Thursday, pressing ahead with its fight against inflation even as the eurozone slides into a recession.
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Business
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Economy
6/8/2023 1:15:49 PM
The eurozone entered into a technical recession at the start of the year, shrinking by 0.1 percent for a second consecutive quarter, figures from the EU's statistic agency showed Thursday.
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Business
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Economy
6/5/2023 12:05:25 PM
Turkey's annual inflation rate dropped below 40 percent in May for the first time in 16 months, pushed down by a temporary offer of free gas to households, official data showed on Monday.
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Business
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Energy
6/4/2023 8:21:44 PM
Riyadh on Sunday announced it would slash output further by one million barrels per day in a bid to prop up prices, despite fears of a recession.
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Business
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Economy
5/25/2023 10:11:55 AM
Germany fell into a recession around the turn of the year, official figures published Thursday showed, as Europe's largest economy contracted by 0.3 percent over the first three months of 2023.
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Business
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Economy
5/23/2023 4:19:09 PM
The British economy will avoid falling into recession this year, according to upgraded growth forecasts Tuesday from the International Monetary Fund.
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