US inflation persists as Trump’s tariff threats add economic concerns
Inflation in the United States remained persistent in December, with a key gauge monitored by the Federal Reserve rising 2.6% year-over-year, up from 2.4% in...
Month : January 2025
Gasoline, groceries, and cars could cost more as Trump’s tariffs loom
The Trump administration has reaffirmed its plan to impose 25% tariffs on all goods imported from Canada and Mexico, set to take effect on February...
H&M shares fall as fourth-quarter sales miss forecasts despite profit gains
Shares of H&M fell on Thursday after the Swedish fashion retailer reported lower-than-expected fourth-quarter sales, despite a slight increase in full-year operating profit. The company...
Germany and France see contraction as euro zone stalls in Q4
The euro zone economy stagnated in the fourth quarter of 2024, registering zero growth, according to preliminary data released by Eurostat on Thursday. The figure...
Shell profits drop 16% but maintains strong shareholder returns
British energy giant Shell reported a 16% drop in full-year profit for 2024, citing weaker oil and gas prices, lower refining margins, and reduced demand....
Russia’s grain exports hit record 72 million tonnes in 2024
Russia achieved a historic milestone in 2024, with grain exports reaching a record-breaking 72 million tonnes, according to data released by the Russian Agricultural Export...
EU commits €60 million to assist displaced populations in DRC
The European Commission has announced a €60 million humanitarian aid package for the Democratic Republic of Congo (DRC) in 2025. This initiative aims to address...
HSBC exits investment banking in Western markets amid overhaul
HSBC has announced plans to wind down its mergers and acquisitions (M&A) and equity capital markets businesses in Europe, the UK, and the US, as...
Guterres expresses concern over impact of US foreign aid suspension
United Nations Secretary-General Antonio Guterres has voiced concern over the recent freeze on foreign aid announced by the United States, urging for exemptions to ensure...
UAE and India discuss expanded economic and cultural collaboration
Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs of the UAE, met with Dr. Subrahmanyam Jaishankar, External Affairs Minister...