Browsing: Business

Oil prices are predicted to rise to $90 per barrel as escalating tensions in the Middle East threaten supply chains, according to market analysts. Brent crude oil prices approached $86 per barrel on Monday, with West Texas Intermediate (WTI) climbing

In a significant development, the European Union is set to formally begin membership negotiations with Ukraine and Moldova, following a unanimous decision by the EU’s member states last week. The initiation of these talks will be officially marked by a

Standard Chartered Plc is poised to introduce a trading desk for Bitcoin and Ether, marking its entry into the direct trading of cryptocurrencies, according to sources familiar with the plans. This strategic move positions Standard Chartered among the pioneering major global banks to offer

The European Central Bank (ECB) has announced its first interest rate cut since 2019, reducing the key rate from 4% to 3.75%. The decision, which had been signaled for months, comes amid persistent inflationary pressures within the euro zone’s 20 nations. ECB President

The United Arab Emirates (UAE) is poised for accelerated economic growth in 2024, with the real gross domestic product (GDP) projected to surge by 3.9 percent, according to the Spring 2024 Gulf Economic Update (GEU) released by the World Bank. The

In a marked retreat from its recent surge, gold prices declined on Tuesday as the US dollar showed continued strength, tempering the momentum that had pushed the precious metal to a record high. On Monday, gold prices had soared to

Two Chinese nationals, Yicheng Zhang and Daren Li, have been charged by US authorities in a massive cryptocurrency scam totaling $73 million, dubbed “pig butchering.” The scheme involved laundering funds through US bank accounts to the Bahamas, resulting in arrests

India’s stance on cryptocurrency regulation appears to be evolving, with the Securities and Exchange Board of India (SEBI) advocating for multi-regulator oversight in contrast to the Reserve Bank of India’s (RBI) concerns about potential macroeconomic risks associated with private digital currencies. Documents obtained by Reuters reveal

U.S. President Joe Biden is poised to unveil new tariffs targeting key sectors, including electric vehicles (EVs), medical supplies, and solar equipment, in a move expected as soon as Tuesday, according to sources familiar with the matter. The anticipated announcement comes

In a significant development for the cryptocurrency industry, Binance, the world’s largest cryptocurrency exchange, and its competitor KuCoin have secured approval from India’s anti-money laundering unit. This decision comes months after both exchanges were banned for purported illegal operations. The registration with the Financial