ISTANBUL: The ounce price of gold saw its highest quarterly gain since 2016 in July-September amid interest rate cuts by central banks and geopolitical tensions leading to rising demand for the safe-haven asset.
The ounce price of gold saw a record h…
Istanbul: The number of Americans filing first-time unemployment claims soared by 33,000 last week to 258,000, according to Labor Department data released Thursday.
That marked the highest level of initial claims since Aug. 5, 2023 when it was 258,00…
ISTANBUL: Hurricane Milton losses could fully deplete American insurers’ 2024 catastrophe budgets, according to a report by the S and P Global.
The agency said it assumes insurers’ exposure to property business in the US state of Florida is less than…
ISTANBUL: Major US stock exchanges opened on a lower note Thursday after consumer inflation figures came higher than market estimates and disappointed investors.
The Dow Jones industrial average fell 82 points, or 0.19%, to 42,429 as of 9.52 a.m. EDT…
ISTANBUL: The World Bank announced Thursday it revised South Asia’s economic growth forecast for 2024 to 6.4% from 6%, keeping the region on track to be the fastest growing in the world.
The institution said in a report that unlocking untapped potent…
ISTANBUL: US mortgage applications declined last week, as mortgage rates showed gains, according to a Mortgage Bankers Association (MBA) report released Wednesday.
The market composite index, a measure of mortgage loan application volume, fell 5.1% o…
KIGALI: Mpox is still a major public health issue in Africa, the head of the Africa Centres for Disease Control and Prevention (Africa CDC) said Thursday amid surging new cases.
A total of 3,186 new cases were reported in the past week, with 489 conf…
Minister of Finance, Makis Keravnos, announced on Thursday the implementation of 0% VAT on certain products, aiming mainly at vulnerable groups, young couples and the middle class. The announcement was made following a meeting he had at the President…