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Worldwide
Markets
Deflating geopolitical risk premium, hedge fund selling pushes oil to near two-month low: Report
Brent crude should return to the $90 per barrel mark as demand exceeds historic levels this year
Markets
Gold prices rise on anticipated U.S. economic data
Hotter-than-expected U.S. inflation data could potentially drive gold prices down
Hospitality & Tourism
Emirates forges strategic agreements with tourism boards of Hong Kong, Seychelles, Sri Lanka
Airline reaffirms its 38-year commitment to Sri Lanka's tourism sector
Markets
Gold prices rise as traders await rate cut cues, key economic data
China's central bank marked its 18th consecutive month of gold purchases in April
Markets
Gold prices decline on geopolitical uncertainty, rate cut speculations
Gold prices have established a support base around the $2,280 mark over the past week
Logistics
Red Sea disruption could cut Asia-Europe capacity by 15-20 percent in Q2: Maersk
Maersk anticipates shipping disruptions to persist at least until the end of the year
Energy
Electric vehicle shift in China, U.S. to impact petrol demand in 2024
Meanwhile, India and Indonesia continue to experience booming car sales
Markets
Gold prices rise despite strong dollar, weak U.S. jobs data
Currently, markets are pricing a 67 percent chance of a U.S. interest rate cut in September
Markets
Gold prices inch up ahead of key U.S. payroll data
Diminishing geopolitical concerns and a reevaluation of interest rate expectations impact bullion
Markets
Oil prices edge up on prospects of OPEC+ maintaining output cuts
OPEC+ is likely to extend its voluntary oil output cuts of 2.2 million barrels per day beyond June
Economy
OECD upgrades global economic growth forecasts to 3.1 percent in 2024
Core inflation to fall to 5.25 percent in 2024 and 3.43 percent in 2025
Markets
Gold prices slip as Fed keeps rates unchanged, key U.S. data in focus
Powell's assurance that further rate hikes were off the table will help bullion
Markets
Oil prices rally as U.S. crude inventories surge, Fed maintains interest rate
Surprise increase in U.S. crude inventories and prospects of a ceasefire in the Middle East add downward pressure on prices
Markets
Bitcoin price slides to $57,103.10 ahead of Fed meeting
Investor sentiment remains cautious ahead of the interest rate decision by the US Federal Reserve
Markets
Gold prices marginally rise ahead of Fed’s policy decision
Gold prices have declined more than $140 after reaching a record high of $2,431.29 on April 12
Markets
Oil prices decline for the third day as U.S. crude inventories surge
U.S. crude production escalates to 13.15 million barrels per day in February
Sustainability
COP28 President urges parties to ‘build on progress’, help those most vulnerable to climate change
At COP28, countries pledged a total of $792 million for loss and damage funding arrangements
Markets
Gold prices dip ahead of U.S. Fed meeting, key economic data
Gold lost 2.2 percent last week amidst easing tensions in the Middle East
Markets
Oil prices dip ahead of Fed meeting as supply disruptions cool
Market expectations for any rate cuts have been pushed out, which could boost the U.S. dollar and potentially dampen oil demand and prices
Energy
Oil industry supports 70 million jobs globally: OPEC secretary-general
Al Ghais anticipates a rise in oil demand to 116 million barrels per day by 2045
Markets
Gold prices dip as hope for early rate cuts diminishes
Gold could capitalize on potential downturns in U.S. macroeconomic data in the coming quarters
Markets
Gold prices increase ahead of key U.S. inflation data
Despite the increase, gold prices were down around 2.3 percent, their biggest weekly drop since early December
Sustainability
Energy storage battery costs to decline by 40 percent, triggering renewable energy adoption
Transport sector utilizes almost 90 percent of lithium-ion batteries
Economy
UAE, Chile successfully conclude CEPA talks to enhance trade, investment
Non-oil trade between the UAE and Chile amounted to $305.1 million in 2023
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