Browsing: Business

Elon Musk is facing mounting setbacks across his business and political ventures as shifting U.S. policies, declining investor confidence, and global backlash converge to put pressure on his multi-billion-dollar empire. Once seen as a symbol of innovation, Musk is now grappling

Financial markets experienced heightened turbulence on Wednesday as the latest round of tariffs from U.S. President Donald Trump officially took effect. The move, which has triggered swift retaliation from China and drawn criticism from business leaders, pushed U.S. stocks to the brink of a

U.S. stocks experienced a turbulent session on Monday, closing broadly lower as investor anxiety over escalating trade tensions with China continued to mount. The Dow Jones Industrial Average declined by 349.26 points, or 0.91%, to finish at 37,965.60, its third consecutive loss following a series

The eight OPEC+ countries that had previously undertaken voluntary production adjustments have reaffirmed their coordinated efforts to support global oil market stability in response to sustained positive market indicators. Representatives from Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman convened virtually on 3 April 2025 to

The global market for five key energy technologies electric vehicles, electrolysers, heat pumps, solar photovoltaic systems, and wind turbines is projected to surge to approximately US$2.1 trillion by 2035, according to the latest World Energy Transitions Outlook 2024 published by the International

MENA Newswire News Desk: NVIDIA continues to rank among the top blue-chip artificial intelligence (AI) stocks supported by billionaire investor Cliff Asness. According to the latest 13F filing for Q4 2024, Asness’s firm, AQR Capital Management, holds approximately $2.19 billion in NVIDIA equity, placing it

Gold prices remained largely flat on Monday, with investors closely watching for clarity on Trump’s tariffs ahead of a key April 2 deadline. Spot gold held at $3,026.85 per ounce by 1131 GMT, while U.S. gold futures edged up 0.4% to $3,032.40. The metal’s stability was driven by

Japan’s core consumer prices rose 3.0 percent in February compared to the same month a year earlier, marking a slowdown in inflation for the first time in four months, according to government data released on Friday. The moderation was attributed in part to

The World Bank Group hosted the second Global Digital Summit in Washington, D.C., bringing together leaders from the public and private sectors to accelerate digital transformation and bridge the global digital divide. The event underscored the urgency of expanding access to digital technology, as 2.6

World coffee prices surged to a multi-year high in 2024, climbing 38.8% compared to the previous year’s average, largely due to adverse weather conditions affecting key coffee-producing nations, the Food and Agriculture Organization of the United Nations (FAO) announced on Friday. The agency warned