Browsing: Economy

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.

The US is on track to surpass China as Germany’s leading trade partner as soon as next year, Reuters reported this week, citing the German Chamber of Industry and Commerce (DIHK). China has held the top spot for the past seven years.   

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.

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

Gold prices eased on Thursday as dollar ticked higher, with investors awaiting more cues on the timing of the U.S. Federal Reserve’s first interest rate cut this year, while palladium prices dropped to a fresh five-year low as demand concerns persist.

Spanning centuries, the ties between the two nations have evolved from familial and commercial connections

Prime Minister Mostafa Madbouly announced a government initiative to allow real estate companies to sell units abroad in dollars, which would support exports and provide hard currency for the Egyptian economy

The German authorities are discussing nationalizing the local subsidiary of Russian state-controlled energy major Rosneft, which has been under a trusteeship since 2022, the company said on Thursday.

RIYADH: Saudi family businesses, pivotal in driving the Kingdom’s economy with around 95 percent ownership, are set to secure additional funding and governance support through newly-inked agreements. 

Germany’s inability to generate economic growth is making the country poorer, Finance Minister Christian Lindner said on Monday while speaking at a Bloomberg event in Frankfurt.