Browsing: Business

MENA Newswire News Desk: The City of London Corporation has announced the permanent closure of two of London’s historic wholesale markets, Smithfield Market and Billingsgate Market, by 2028. This decision follows the abandonment of plans to relocate the markets to

MENA Newswire News Desk: In the wake of Labour’s recent tax-raising budget, both consumer and business confidence in the UK have shown signs of decline. The British Retail Consortium (BRC) reported that while households have maintained spending levels, improvements in

MENA Newswire News Desk: U.S. Treasury yields declined on Wednesday as investors awaited the release of the Federal Reserve’s preferred inflation gauge, the personal consumption expenditures (PCE) index, along with other key economic data. The markets also absorbed insights from

MENA Newswire News Desk: Germany has reported a notable increase in corporate insolvencies, with October 2024 registering a 22.9% rise compared to the same month last year. According to data from the Federal Statistical Office (Destatis), corporate insolvencies reached 1,937

MENA Newswire News Desk: The United Kingdom’s Consumer Prices Index (CPI) rose to 2.3% in October 2024, up from 1.7% in September, surpassing the Bank of England’s 2% target. This marks the highest inflation rate in six months, largely driven

MENA Newswire News Desk: U.S. businesses are stockpiling goods from China in anticipation of a 60% tariff on Chinese imports proposed by President-elect Donald Trump. The planned policy, central to Trump’s second-term agenda, has raised concerns among companies reliant on

MENA Newswire News Desk: Boeing has issued layoff notices to 438 employees as part of a broader workforce reduction plan aimed at addressing the company’s ongoing financial and operational challenges. The impacted workers, notified last week, are expected to remain

MENA Newswire News Desk: The European Commission has issued a warning to Belgium over its rising public spending, projecting that the country’s budget deficit could reach 4.9% of GDP in 2025 if current fiscal policies remain unchanged. In its latest

MENA Newswire News Desk: The European Commission’s Autumn Forecast has projected modest GDP growth for the European Union (EU) in 2024, marking a gradual recovery after a period of economic stagnation. The EU’s GDP is expected to grow by 0.9%,

MENA Newswire News Desk: Germany is facing substantial economic and political challenges that could impact its standing among advanced economies. The German Council of Economic Experts recently downgraded growth projections, forecasting a 0.1% GDP contraction in 2024 and a modest