The United Kingdom’s (UK) interest rates have been cut for the first time in more than four years by the Bank of England amid slowed inflation signs.
The bank reduced rates from 5.25% to 5% following a vote by the Monetary Policy Committee.
“Inflati…
Tokyo stocks tumbled Thursday at the close of trading Thursday, as key sectors including real estate and exporting companies declined, amid a rise in the value of the yen against the dollar.
The 225-issue Nikkei Stock Average ended down 975.49 points…
An Omani-Chinese friendship forum held in Salalah today laid emphasis on historical relations as a springboard for establishing a more prosperous future. The forum, attended by specialists and experts, studied determinants of bilateral cooperation.
T…
The British Oil Company (SHELL) reported that its profit for the second quarter of 2024 fell by more than 19 percent compared to the first quarter.
Despite this decline, profits were higher than expected, with Shell reporting adjusted earnings of USD…
Gold prices climbed to a two-week high today as US Federal Reserve Chair Jerome Powell opened the door to cutting interest rates as early as September.
Spot gold was steady at $2,448.38 per ounce, after hitting its highest level since July 18 earlier…
Algeria and Italy on Wednesday signed a memorandum of understanding (MoU) in the field of electricity exports to Europe.
The Algerian energy group Sonatrach said that the MoU was signed in partnership between Sonatrach, the Algerian electricity and g…
