Economy

With the holiday season fast approaching, major retailers in the US are preparing for the busiest shopping period of the year. However, despite the usual ramp-up in hiring, there’s a…

The Reserve Bank of India (RBI) is anticipated to keep the repo rate unchanged at 6.5% in its upcoming October 2024 meeting, despite the recent interest rate cut by the…

Global oil markets are on edge as Goldman Sachs cautions that crude prices could skyrocket by $20 per barrel if Iranian oil production suffers from potential Israeli retaliation following heightened…

The escalating conflict in the Middle East sent oil prices higher on Thursday, as traders kept a close eye on potential disruptions in crude flows from the region. However, a…

Indian equity benchmarks, BSE Sensex and NSE Nifty 50 tanked at the opening bell on Thursday on weak global cues due to rising tensions in the Middle East.  Indian markets…

The Bank of England (BoE) could adopt a more aggressive stance on interest rate cuts if inflation data continues to improve, according to Governor Andrew Bailey. However, the escalating conflict…

A significant rally in Chinese stocks is prompting a shift in global portfolios, as investors seek to capitalize on new opportunities, Bloomberg has reported. Following Beijing’s aggressive economic stimulus measures,…

Turkey’s annual inflation rate slowed to 49.4% in September 2024, down from 52% in August, according to data released by TurkStat. This marked a significant decrease but was still higher…

Samsung Electronics Co. is poised to significantly reduce its global workforce, with layoffs planned across Southeast Asia, Australia, and New Zealand. Sources close to the situation told Bloomberg that approximately…