Gold Subdued As Investors Await Cues From United State Federal Reserve Meeting
Gold prices lingered below the key $1,800 per-ounce level on Tuesday, as investors maintained a cautious stance ahead of the…
Category: World
Coffee Prices Surge As Unusual Cold Threatens Brazilian Production
Arabica coffee prices rose 10% more on Monday, after jumping nearly 20% last week, to their highest in nearly…
Sterling Dips Against Dollar As Stocks Slide
LONDON (Reuters) – Sterling dipped against the dollar on Tuesday as global stock markets sank led by a heavy sell-off…
London Judges Agree To Reopen $7 Billion Brazil Dam Lawsuit Against Anglo Mining Giant BHP
London’s Court of Appeal agreed on Tuesday to reopen a major lawsuit against Anglo-Australian mining giant BHP, reviving a $7 billion…
One Dead, Four Missing After Explosion Rocks German Chemicals Site
One person is dead and four are missing after an explosion rocked an industrial park in the western German city…
China Is Still Falling Short Of Meeting An Agreement To Reduce Its United State Trade Surplus
China’s purchases of U.S. goods are still falling short of trade agreement levels, even as overall Chinese imports from the…
Housing Boom Is Over In United State As New Home Sales Fall To Pandemic Low
Sales of newly built homes dropped in June to the lowest level since the early days of the coronavirus pandemic…
United State Manufacturers Take A Double Hit From Labor And Materials
Calder Brothers Corp is under pressure to raise wages after rivals lured away some of its workers. A few others…
U.S Federal Reserve Facing Twin Inflation, Growth Risks As Virus Jumps And Supply Chains Falter
U.S. Federal Reserve divided over how to respond to fast-rising prices meets this week with the fresh complication of increased…
After $4 Billion In Losses, Heathrow Tells UK To Open Up Travel
London’s Heathrow Airport urged Britain to open up travel to vaccinated passengers after its recovery fell behind hubs elsewhere in…
China Blames U.S. For ‘Stalemate’ In Ties As Talks Begin
China blamed the United States on Monday for a “stalemate” in two-way ties, accusing it of creating an “imaginary enemy”,…
Virtual Events Platform Eventtus Is Acquired By US Firm Bevy
Egyptian virtual events platform, Eventtus has been acquired by Bevy, a Silicon Valley-based company that specialises in enterprise-grade virtual event…
Africa-Focused Credit Fund, BluePeak, Hits The First Close Of Its Maiden $200 million Credit Fund
Africa-focussed alternative asset management firm BluePeak Private Capital has hit the first close of its maiden $200 million credit fund,…
Egypt-Based Elmenus Raises US$10 Million In A Pre-Series C Round
Elmenus, an Egyptian food discovery and ordering platform, has secured US$10 million in a new funding round from MENA- and…
Pound Recoups Early Losses On Signs Of Hawkish Turn At BOE
Sterling reversed earlier losses on Thursday and moved higher after Bank of England policymaker Michael Saunders said the central bank…
Worst Violence In Years Spreads In South Africa As Grievances Boil Over
Crowds clashed with police and ransacked or set ablaze shopping malls in cities across South Africa on Tuesday, with dozens…
Facebook Seeks U.S. FTC Chair Lina Khan’s Recusal In Antitrust Case
Facebook (FB.O) on Wednesday asked for the recusal of Federal Trade Commission Chair Lina Khan from the FTC’s antitrust case against the…
SUSE Reports In-Line Results, Confirms Guidance Following IPO
German open-source software company SUSE (SUSEG.DE) on Thursday reported results in line with expectations and confirmed its guidance, in the first set…
World Bank Trims East Asia, Pacific GDP Forecast Amid COVID-19 Concerns
Growth in East Asia and the Pacific this year will likely be slower than previously thought, the World Bank said…
Taiwan’s TSMC Posts 11% Jump In Q2 Profit On Global Chip Demand
Taiwan’s TSMC (2330.TW), posted an 11% rise in quarterly profit on Thursday, boosted by a pandemic-led surge in global demand for…
Record-Low Rates Spur Australia M&A Frenzy In 2021
Australia is seeing a flurry of deal-making so far this year, as record-low interest rates have given institutional investors and…
UK-Based Cybersecurity Firm Avast In Merger Talks With NortonLifeLock
UK-based cybersecurity firm Avast Plc (AVST.L) said on Wednesday it was in advanced talks over a merger with peer NortonLifeLock Inc (NLOK.O). If…
Asian Shares Find Support As Powell Shrugs Off Inflation
Asian shares held firm on Thursday after Federal Reserve Chair Jerome Powell said the U.S. economy was “still a ways…
China’s Economy Grows Slower Than Expected In Second Quarter
China’s economy grew more slowly than expected in the second quarter, as tepid manufacturing activity, higher raw material costs, and…
China’s Economic Recovery Loses Some Steam, Investors Eye More Policy Easing
China’s economy grew slightly more slowly than expected in the second quarter, weighed down by higher raw material costs and…
Turkey Holds Rates Again As Inflation Rules Out Summer Cut
Turkey’s central bank kept its benchmark interest rate unchanged for a fourth month on Wednesday, as rising prices and a…
Systemic Racism In England Affects Health To Wealth, Report Says
Racism in England is systemic and the government is “frustratingly slow” at implementing recommended solutions, according to a leading race-relations…
EU Set To Call Time On Combustion Engine Within Two Decades
The European Union is set to propose measures on Wednesday, as part of a broad climate package, that signal the…
U.K. Vows To End Sales Of New Petrol And Diesel HGVs By 2040
The U.K. will end the sale of all new diesel and petrol heavy goods vehicles by 2040 and ultimately decarbonize…
Bank Of Canada Holds Interest Rate, Says It Will Curb Bond Purchases
The Bank of Canada held its key overnight interest rate at a record low 0.25% as expected on Wednesday and…