Author: Steven Sahiounie

Alfa Bank has applied to the Chinese authorities to open offices in Beijing and Shanghai, according to the outlet

The bloc can compete in a strategic way, according to competition chief Margrethe Vestager The EU will try to challenge the US and China strategically, the bloc’s competition chief has suggested, however it may be no economic match for either. Margrethe Vestager told CNBC on Tuesday that the EU had become “much better” at defending itself against unfair trade practices, and that it will continue looking for ways to compete equitably with its economic partners. “The point is to realize we can never outspend China or the US,” Vestager said, pointing out: “We can spend strategically.” She cited a €100-billion fund for ten “cutting edge technologies” –…

By: Steven Sahiounie, journalist and political commentator The U.S. will be involved with negotiating with the Russians to bring peace to Ukraine, as did Kennedy in the 1962 Cuban Missile Crisis. On June 12, three Russian ships and a nuclear-powered submarine arrived in Havana, Cuba. Having crossed the Atlantic, the ships performed maneuvers designed to enhance military capability, and have remained in Cuba through June 17. Recently, President Vladimir Putin made a threat to supply unspecified countries with weapons capable of striking Kiev’s Western allies. The Kazan nuclear-powered submarine is capable of firing Kalibr cruise missiles, which have a range…

WASHINGTON – Six months ago the world’s major central banks were primed for a move that anyone with a credit card or hoping to buy a home or run a business would cheer: A global shift to lower interest rates that would make borrowing cheaper and loans more available across the board.

Goldman Sachs has raised its 2024 year-end target for the S&P 500 Index to 5,600 from 5,200 earlier, citing strong earnings growth by five mega-cap U.S. tech stocks and a higher fair value price-to-earnings ratio multiple.

LONDON – Shares steadied on Monday while the euro remained on the defensive amid political turmoil in Europe, as investors look for direction from a string of central bank meetings in the region this week as well as fresh U.S. economic data.

(TAP) – Net foreign currency assets stood at TND 23.3 billion, or 107 days of imports, on June 14, 2024, compared with TND 22.7 billion (98 days of imports) a year earlier, according to monetary and financial indicators published recently by the Central Bank of Tunisia (BCT).

Supplies of most of the world’s major food commodities are expected to be adequate in 2024/25, although extreme weather, rising geopolitical tensions, sudden policy changes and other factors could all potentially tip the delicate global demand-supply balances

Minneapolis Federal Reserve President Neel Kashkari on Sunday said it’s a “reasonable prediction” that the U.S. central bank will cut interest rates once this year, waiting until December to do it.

RIYADH: In Saudi Arabia’s vast agricultural terrain, a transformative shift is occurring, driven by the adoption of advanced technologies.