Gold prices soar 26 percent in 2024 amid economic uncertainty
Gold prices surged by 26% in 2024, marking one of the most significant annual gains in over a decade, fueled by monetary policy shifts and...
Tag : Inflation
Germany’s economic activity sees persistent decline amid weak manufacturing
Germany's economic contraction persisted in December, marking the sixth consecutive month of declining business activity, according to the HCOB German flash composite Purchasing Managers' Index...
Dow Jones rises while Fed decision draws investor focus this week
The Dow Jones Industrial Average and other key U.S. stock indexes opened higher on Monday as investors awaited a crucial Federal Reserve meeting later this...
Wage inequality declines globally in two-thirds of countries since 2000
MENA Newswire News Desk: Wage inequality has declined in approximately two-thirds of countries since the turn of the century, according to a newly released report...
Luxury brands struggle as only a third project growth in 2024
MENA Newswire News Desk: The personal luxury goods market, long seen as resilient against economic uncertainty, is witnessing a significant contraction for the first time...
Powell confirms Fed will move cautiously on future interest rate cuts
MENA Newswire News Desk: Federal Reserve Chair Jerome Powell reiterated Monday that the central bank will take necessary measures to maintain the economy’s strength, although...
Labor demand cools as U.S. job openings hit lowest since January 2021
Job openings in the U.S. dropped to their lowest level since January 2021, adding to signs of a slowing labor market. The Bureau of Labor...
Gold reaches record high amid weak dollar and rate cut hopes
Gold prices reached unprecedented heights this week, hitting a record of $2,500.99 per ounce amid weakening U.S. dollar and heightened anticipation of a Federal Reserve...
OPEC highlights continuous economic growth in UAE
The United Arab Emirates is experiencing continued growth in key economic sectors, according to the latest report from the Organisation of the Petroleum Exporting Countries...
ECB slashes rates, addressing inflationary pressures in Euro zone
The European Central Bank (ECB) has announced its first interest rate cut since 2019, reducing the key rate from 4% to 3.75%. The decision, which...