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Author: Steven Sahiounie
SINGAPORE – Oil prices fell on Thursday after a larger-than-expected build in U.S. crude stockpiles stoked worries about slow demand, while signs that U.S. interest rates could remain elevated added to pressure.
Euro zone inflation dipped further this month, strengthening the case for the European Central Bank to start easing interest rates from record highs later this year, data from some of the euro zone’s biggest economies showed on Thursday.
Oil prices were little changed Thursday as investors kept their powder dry ahead of U.S. data expected to offer further clues on the outlook for interest rates.
Fiji Deputy Prime Minister Manoa Seru Kamikamica said the current text did not address the Pacific Islands’ concerns about the environment
Measures would be taken to convert $5 billion to Egyptian pounds from the UAE’s Egyptian central bank deposit, Madbouly added
The Director-General of the World Trade Organisation (WTO), Ngozi Okonjo-Iweala, told the business community that its support and engagement, as direct users of the WTO system, are particularly important, during the opening of the Business Forum at the 13th Ministerial Conference (MC13) on Wednesday.
The WTO meeting in the capital of the United Arab Emirates had opened on Monday with major disagreements between the body’s 164 member states on key issues
Double-digit growth in the manufacturing sector, followed by a good growth rate of construction sector were responsible for the better-than-expected performance
U.S. prices picked up in January, but the annual increase in inflation was the smallest in nearly three years, keeping a June interest rate cut from the Federal Reserve on the table.
Before issuing his nuclear warning, Russian President Vladimir Putin has specifically mentioned a proposal put forth by French President Emmanuel Macron on Monday. Russian President Vladimir Putin cautioned Western nations, stating that sending troops to engage in the war in Ukraine could lead to the risk of provoking a nuclear war. “We did not start this war in Donbas. As I have said many times, we will do everything to end it, to eradicate Nazism. To fulfill all the tasks of the special military operation. To protect the sovereignty and security of our citizens,” he stressed. Meanwhile, he emphasized that Moscow possesses…
