United States

UNCTAD forecasts 2.6 percent global economic growth in 2024, warns of urgent issues beyond inflation

This marks the third straight year of growth below the pre-pandemic average of 3.2 percent from 2015-2019

Gold prices decline as Middle East tensions ease, markets await U.S. inflation data

Bullion loses safe-haven appeal amidst reduced geopolitical risks

World Bank secures $11 billion backing for new financial instruments to boost lending capacity

WBG's leveraging capability enables 6-8x multiplication of hybrid capital and guarantee platform funds over 10 years

Oil prices drop as Middle East tensions ease, market sentiment shifts to fundamentals and macroeconomics

Brent crude futures declined to $86.62 per barrel, WTI crude futures dropping to $82.51 per barrel

Steady labor market in the U.S. strengthens overall economy, unemployment claims remain low

Labor market changes could primarily stem from reduced hiring rather than sudden rise in terminations

Oil prices soar $3 per barrel amid concerns of supply disruptions 

Brent futures rose by $2.63, reaching $89.74 per barrel

U.S. economic activity expands slightly in April, inflation expectations remain firm: Survey

Inflation's reversed momentum sparks concern over interest rate cut timing

Gold prices rise as geopolitical uncertainty boosts bullion’s global appeal

Gold maintains safe-haven appeal despite Federal Reserve's stance on rates

Oil prices stabilize after steep declines amid U.S. rate hike fears, Venezuela sanctions

Venezuela's oil exports had grown 12 percent in 2023 to 700,000 bpd after the easing of some U.S. sanctions

Apple considers building manufacturing facility in Indonesia amid push to increase local production

The U.S. company also plans to inaugurate Apple's fourth developer academy on the island of Bali

Gold prices dip as Middle East geopolitical tensions persist

Strong dollar and rising treasury yields impact gold's appeal

IMF raises global growth forecast to 3.2 percent, lifts outlook for UAE, Saudi Arabia

The 2024 figure represents a 0.1 percentage point increase from the previous World Economic Outlook report in January

U.S. retail sales rise 0.7 percent in March on increased gas sales

Unemployment rate falls to a low of 3.8 percent supporting spending surge

U.S. dollar surges to 5-month high as retail sales beat expectations

U.S. retail sales data released on Monday showed a 0.7 percent increase last month

Japanese yen plunges to 34-year low amid dovish BoJ outlook

The yen weanked past the 154 range vs dollar

Geopolitical tensions, stagflation risks boost gold rally in March: WGC report

Low participation from U.S. investors bodes well for gold's rally

Gold prices surge on Middle East tensions, central bank buying

Spot gold rose 0.17 percent to $2,387.42 per ounce

Oil prices climb on China’s economic growth, Middle East tensions

Brent crude futures for June delivery gained 48 cents, or 0.5 percent, settling at $90.58 per barrel

Economy Middle East Guide: Most expensive buildings in the world

Structures that are often a testament to wealth, power, and ingenuity