Browsing: Business

Oil prices continued their upward trend, settling above $72 per barrel amid ongoing supply uncertainty and a weak dollar, which made dollar-denominated commodities more attractive to investors. The rise marked the third consecutive session of gains as concerns over potential supply

Gold prices have surged past $2,950 per ounce, setting fresh all-time highs as investors turn to safe-haven assets amid heightened economic and geopolitical risks. The rally is being fueled by concerns over U.S. trade policies, a weak dollar, and increased

The United Kingdom’s inflation rate rose to 3% in January, surpassing analyst expectations of 2.8%, according to data released by the Office for National Statistics (ONS) on Wednesday. The increase marks a sharp rise from the previous month’s 2.5% and

UK businesses are preparing for the largest wave of redundancies in a decade as confidence in the economic outlook plummets, driven by tax increases set to take effect in April. The Chartered Institute of Personnel and Development (CIPD) reported that

HSBC is set to announce $1.5 billion in annual cost savings as part of its ongoing restructuring efforts, with significant job cuts already underway. The bank has laid off nearly 40 investment bankers in Hong Kong, including four managing directors,

European stock markets surged to record highs on Monday, driven by strong gains in defense stocks as political leaders in the region prepared for an emergency summit on the Ukraine war. The pan-European STOXX 600 index rose by 0.4%, while

The European Commission has expressed strong opposition to U.S. President Donald Trump’s proposed “reciprocal” trade policy, calling it a step in the wrong direction. The Commission reaffirmed its commitment to an open and predictable global trading system, emphasizing that such

Indian Prime Minister Narendra Modi and U.S. President Donald Trump have agreed to commence negotiations on a bilateral trade agreement, marking a significant step in strengthening trade ties between the two nations. Announced during Modi’s visit to the White House

U.S. Treasury yields declined on Thursday despite the release of another inflation report indicating stronger-than-expected price pressures. The 10-year Treasury yield fell by 8 basis points to 4.554%, while the 2-year Treasury yield slipped 4 basis points to 4.321%. Yields

Sony has raised its full-year revenue and profit forecasts following a strong performance in the gaming sector during the December quarter. The Japanese technology giant now expects sales for fiscal year 2024 to reach 13.2 trillion yen ($85.6 billion), reflecting