Canada’s annual inflation rate remained constant at 2.2% in November, owing primarily to increased food prices, Statistics Canada announced on Monday. On a year-over-year basis, the rise in food and restaurant prices was somewhat offset by a decrease in gasoline and lodging costs.This is the first month since March that…
Shares of online real estate listing companies tumbled on Monday after Alphabet’s Google was found testing a new format that places homes-for-sale ads directly at the top of search results, threatening to encroach on a core source of traffic and leads for property portals.Zillow Group led the declines, with shares…
Europe’s policy, regulatory, and tech landscape is in flux as central banks, governments, and businesses adjust to mounting economic and political pressures.In the UK, the Bank of England faces a finely balanced rate decision as inflation cools but growth risks rise.Elsewhere, regulators are tightening the screws on short-term rentals, trade…
Global markets and policymakers faced a turbulent start to the week as Australia mourned a deadly antisemitic attack at Sydney’s Bondi Beach, and China reported fresh signs of economic slowdown.Nvidia moved to deepen its AI infrastructure with a key acquisition, and Bitcoin slid below $87,000 amid heavy liquidations.The developments underscore…
India’s private sector activity remained in expansion mode in December, but fresh survey data suggest momentum cooled toward the end of the year as external trade pressures persisted.A flash survey by HSBC showed softer readings across manufacturing and services, even as demand conditions stayed broadly resilient.The data arrives at a…
The global AI boom looks unstoppable when measured by stock prices. Trillions of dollars in market value rest on the idea that machines are changing work, productivity, and profits. But AI is not just a technology race. It is becoming one of the largest debt-funded infrastructure projects in modern history, and…
Gold prices were hovering below the $4,400-per-ounce mark as safe-haven buying increased, while the dollar slipped against major currencies.Silver prices on COMEX also rose more than 3% on Monday, with the metal shy of Friday’s record high.Meanwhile, oil prices were in the red as a potential peace deal between Russia…
Venezuela’s state oil company PDVSA said it was the target of a cyber attack orchestrated by the US in coordination with domestic conspirators, according to a statement issued on Monday jointly with the country’s oil ministry.The business said operations were unaffected and that the attack was repulsed by PDVSA personnel.The…
Copper prices increased on Monday, with contract expiry-related position rolling by some traders overriding current concerns.This move helped the market temporarily disregard weak economic data and ongoing worries about China’s crucial property sector, which is the top consumer of the metal, according to a Reuters report.Copper prices experienced a volatile…
The recent US seizure of a tanker off Venezuela’s coast will have a limited immediate effect on the Chinese market. A significant amount of Venezuelan oil was already headed to China with the country having a current surplus of crude in storage amid weaker domestic demand, according to a Reuters report. Exports…