Today’s headlines span politics, finance, and technology. A US appeals court blocked former President Trump’s attempt to remove Fed Governor Lisa Cook, reinforcing the central bank’s independence. TikTok edges closer to US-based operations as Oracle reportedly joins a consortium amid ongoing US-China talks. Meanwhile, the first US meme coin ETF,…

Kuwait faces a growing energy crisis due to extreme heat, aging infrastructure, and frequent power outages, despite ambitious plans to boost renewable energy to 15% by 2030 from its current less than 1%.A Rystad Energy analysis suggests this ambitious goal may be unattainable.“Our current projections estimate renewable capacity will only…

US President Donald Trump has launched a bombshell legal attack against one of America’s most iconic newspapers. Trump is suing The New York Times for $15 billion, accusing the paper of relentlessly pushing false stories about him, his family, and his business empire. Calling the Times a “mouthpiece” for the…

Solidcore Resources, a Kazakh gold miner, anticipates that robust gold prices and strategic stock sales will largely compensate for a drop in production. This decline is attributed to sanctions-related disruptions affecting concentrate shipments to Russia, according to the company’s CEO.Gold prices surged to a record high of $3,728 an ounce on…

The UK’s unemployment rate remained unchanged at 4.7% in the three months to July, while wage growth eased slightly, pointing to a cooling labour market that is unlikely to prompt immediate action from the Bank of England at its upcoming policy meeting.Figures released by the Office for National Statistics on…

The European stock markets opened in red on Tuesday, reflecting a delicate mix of hope and caution as investors prepare for a key Federal Reserve meeting.The STOXX Europe 600 plunged 0.18%, London’s FTSE 100 slid 0.2%, while Germany’s DAX inched up slightly but showed signs of some early nervousness.Traders are…

The Federal Reserve is about to make one of its biggest calls of the year on Wednesday. This week’s interest rate decision is the event that markets are glued to.With a 96% chance of a rate cut priced in, the outcome looks almost certain. What is not certain is the…

In an unusual turn from the typical football pitch, players are now lining up for a different kind of fiery kick: a searing shot of Cypriot olive oil. The peppery, throat-burning liquid, produced by a small Cypriot plant, is part of a performance revolution, thanks to its high concentration of inflammation-busting…

The recent rise in expectations for interest rate cuts by the US Federal Reserve has provided a significant boost to gold prices. This has led Commerzbank AG to revise upwards its forecast for gold prices in 2025 and 2026. The market is certain that the US Fed will cut interest rates at…