Author: Steven Sahiounie

Deutsche Pfandbriefbank has become the latest lender to put away more provisions for its commercial property loan book

International ratings agency Moody’s has lowered Israel’s credit rating, in Israel’s first-ever sovereign downgrade, the company announced on Friday.

The EU’s largest economy is set to make a large investment in four gas-fired plants, the government has announced

The shipping disruptions are pressuring prices but not to the point that inflation projections should be hiked, Kristalina Georgieva says

Washington has introduced a slew of export restrictions aimed at stalling advances in China’s semiconductor industry

Major economies that fail to address their mounting debt issues will die a “fiscal death,” the head of investment and wealth advisory Laffer Tengler Investments, Arthur Laffer, has warned.

Belgium will lose its status as the global diamond trading hub due to Western sanctions on Russian diamonds, Artyom Studennikov, the head of the First European Department of the Russian Foreign Ministry, told RIA Novosti in an interview published on Sunday.

A growing number of manufacturers are relocating operations outside the country, an industry lobby warns

Egypt is threatening to suspend its peace treaty with Israel if Israeli troops are sent into the densely populated Gaza border town of Rafah, and says fighting there could force the closure of the territory’s main aid supply route, two Egyptian officials and a Western diplomat said Sunday.The threat to suspend the Camp David Accords, a cornerstone of regional stability for nearly a half-century, came after Prime Minister Benjamin Netanyahu said sending troops into Rafah was necessary to win the four-month-old war against the Palestinian militant group Hamas.Over half of Gaza’s population of 2.3 million have fled to Rafah to…

UNRWA Commissioner-General Philippe Lazzarini has warned against a military operation in Rafah, where half of Gaza’s 2.3 million population is estimated to live in displacement. “There is a sense of growing anxiety and growing panic in Rafah. People have absolutely no idea where else to go,” Lazzarini said in a post on X. “Any large-scale military operation among this population can only lead to an additional layer of endless tragedy that’s unfolding in #Gaza.” “A military offensive in the middle of these completely exposed, vulnerable people is a recipe for disaster. I am almost becoming wordless,” he added in a…