Economic uncertainty spurs unprecedented demand for gold.
As 2024 approaches, NewEdge Wealth’s Ben Emons anticipates a remarkable year for gold, predicting an unprecedented surge in demand for the precious metal. Emons, an expert in fixed income, recently shared his insights with CNBC’s “Fast…
Innovative construction solutions unveiled at Dubai’s Big 5 Global
Dubai has once again cemented its status as a global hub for innovation and sustainability with the launch of the 44th edition of Big 5 Global, the most influential construction industry event in the Middle East, Africa, and South Asia…
Global oil dynamics shift as OPEC+ agrees on 2 million bpd cut
In a pivotal move, OPEC+ members, responsible for over 40% of global oil supply, have agreed to substantial voluntary production cuts for early next year. The decision, led by Saudi Arabia’s commitment to maintain its 1 million barrels per…
Dow surges to 2023 peak, propelling November’s stock market rally
In a striking financial upturn, the Dow Jones Industrial Average soared to a new annual zenith on Thursday, marking an impressive closure to November – its most fruitful month since October 2022. This surge, amounting to a robust 295-point…
Sony Interactive Entertainment to face $8 billion lawsuit over PlayStation Store pricing
In a significant legal development, Sony Interactive Entertainment faces a landmark lawsuit in the United Kingdom, with damages potentially reaching nearly $8 billion. This action, initiated by consumer advocate Alex Neill, accuses Sony of…
Japan rolls out $113 billion economic plan amid rising inflation.
As inflationary pressures continue to mount, the Japanese government, in a decisive move, has rolled out a comprehensive $113 billion (17 trillion yen) economic package aimed at mitigating the adverse impacts of inflation on the nation’s…
UK unveils plans for comprehensive crypto regulation by 2024
The United Kingdom has made its intentions clear to establish a solid foundation for the cryptocurrency industry. In a recent publication, the U.K. government has outlined its plans to introduce formal legislation governing crypto…
Shares of Siemens Energy nosedive 35 percent post government aid request
In a dramatic market response, Siemens Energy saw its shares plummet by 35% on Thursday, subsequent to its appeal to the German government for financial guarantees. This comes in the wake of the wind power behemoth’s earlier decision to…