Gold prices eased on Thursday even as experts believed it would be prudent to wait some follow-through selling before positioning further losses. The yellow metal eased from its record highs touched recently as the dollar index rose sharply after the US Federal Reserve cut interest rates by 25 basis points on…
The Norwegian krone is in a strong bullish trend this month, helped by the ongoing dollar weakness. The USD/NOK pair plunged in the last six consecutive weeks and moved to its lowest level since January 2023. It is down by over 15% from the highest point this year.Norges Central Bank…
The Adani Group’s recent ban on sanctioned vessels is expected to temporarily decrease the flow of Russian crude into India, especially at Mundra port, Vortexa said.In a significant move impacting global energy markets, India’s largest private port operator, Adani Group, announced a ban on all sanctioned vessels across its 14…
The Bank of England voted on Thursday to keep interest rates steady at 4%, balancing sticky inflation pressures with a weak economic backdrop.The Monetary Policy Committee (MPC) opted by a 7-2 vote split to hold its benchmark rate unchanged, marking a pause after August’s 25 basis point reduction. While the…
Thursday began with major developments across the world, with the Federal Reserve lowering its benchmark interest rate by 25 basis points, aiming to support economic growth as job gains slow and inflation remains high.Asian markets had a mixed start, with Japan and South Korea seeing slight gains while Australia edged…
Late-night television was rocked on Wednesday after Disney-owned ABC abruptly pulled Jimmy Kimmel Live! off the air.The move came after Kimmel delivered a monologue about the assassination of conservative activist Charlie Kirk, comments that sparked a swift political backlash online.ABC confirmed it was suspending new episodes of the long-running late-night…
Australia announced on Thursday its 2035 emissions target, aiming for a 62%-70% reduction from 2005 levels. This figure was lower than anticipated and drew criticism from environmental organisations, according to a Reuters report.Countries are requested by the United Nations to submit their climate plans, known as Nationally Determined Contributions (NDCs), by…
China has decided to halt its antitrust investigation into Google, a move that comes just months after regulators began probing the US tech giant for alleged violations of the country’s anti-monopoly laws. As per a report by Financial Times, the decision has not yet been formally communicated to Google, and…
Google is stepping up its commitment to Africa with plans to build four new infrastructure hubs across the continent. The hubs will serve as critical points for its subsea fibre-optic cables, Equiano and Umoja, which are set to land this year. The move marks another phase in the company’s ongoing…
Europe markets opened modestly higher on Thursday, amid the fresh backdrop of the US Federal Reserve’s recent interest rate cut. Investors appeared optimistic as they digested the Fed’s decision to reduce rates by 25 basis points, the first easing move by the central bank this year. Key indices reflected this…