The German economy is in for a difficult year after contracting in the final quarter of 2023, as inflation and high interest rates continue to weigh on the industry, Bloomberg reported this week, citing analysts.

The EU’s plan to seize the profits from frozen Russian assets and hand them over to Ukraine would be a gross violation of international law, the Foreign Ministry in Moscow has told RIA Novosti.

LONDON – Global shares stood their ground on Friday after Wall Street scaled new heights, with looming U.S. inflation data set to help investors update their bets on interest rate cuts and steer the dollar’s direction.

The attacks, targeting a route that accounts for about 15% of the world’s shipping traffic, have pushed several shipping companie

Gold prices were subdued on Friday, hurt by a stronger dollar and higher Treasury yields, while investors looked ahead to next week’s U.S. inflation reading for clues on when the Federal Reserve could begin cutting interest rates.

RIYADH — Saudi non-oil exports to the African continent surpassed SR128 billion over the last five years (2019-2023), marking a significant milestone in the Kingdom’s trade expansion, the Saudi Press Agency (SPA) reported.