Economy
Oil prices rise as US inventories fall
Oil prices rose on Wednesday, while the price of Brent crude rose for the fifth consecutive session, as sentiment improved on the back of falling i…
Economy
UK and Australia Agree First Post-Brexit Ambitious Free Trade Deal
Britain and Australia announced a free trade deal on Tuesday which the British government hailed as an important step in building new trade relatio…
Economy
El Salvador First Country to Make Bitcoin Cryptocurrency Legal Tender
El Salvador has become the first country in the world to adopt bitcoin as legal tender that can be used for payment, after Congress approved Presid…
Economy
Bitcoin Drops to 3-week Low After Comments From US Tax Chief
Bitcoin fell to a three-week low on Tuesday, amid signs of caution from institutional investors, and influenced by comments from the head of the US…
Economy
Brent Oil Prices Rise Above $ 70 ahead of the OPEC Plus meeting
Oil prices rose above $ 70 a barrel for Brent, hours before the start of a meeting of the Ministerial Committee of the "OPEC Plus" allian…
Economy
Inflation is rising in the United States and exceeding the target level
Consumer prices in the United States accelerated in the year to April 2021, as the inflation index exceeded the US Federal Reserve's target of …
Economy
Five Reasons why Cryptocurrencies are Raising Alarm
With investors increasingly appealing to major cryptocurrencies such as bitcoin and the growing range of associated financial products, regulators …
Economy
Goldman Sachs reveals its forecast for the oil market in 2021
Goldman Sachs expected oil prices to rise to $ 80 a barrel in the fourth quarter of 2021, explaining that the market did not improve the estimate o…
Economy
Bitcoin Drops Bellow $ 40,000, and Ethereum Plummets
Bitcoin continued its downward spiral of volatility for a week, sliding below the $ 40,000 mark on Wednesday, as news of further restrictions on cr…
Economy
The Global Economy is Entering Unfamiliar Territory: Supply Shortages are Acute in U.S
After a decade of worries about inadequate demand and spending power in the aftermath of the global financial crisis, signs of insufficient supply ar…
Economy
Hungary Plans 50% Tax Cut on Crypto Earnings to Encourage Disclosure
Hungary plans to slash the tax on cryptocurrency earnings by 50% from next year in an effort to encourage investors to declare income from trading di…
Economy
Chip shortage to cost auto industry $110 billion in revenues in 2021
Consulting firm AlixPartners said, the global deficit in semiconductor chips will cause the automakers to lose revenue of $ 110 billion this year, …
Economy
The Lessons of Trump’s Disastrous Steel Tariffs and Failure to Revive the US steel Sector
On March 23, 2018, former US President Donald Trump imposed 25% tariffs on steel imported from Canada, Mexico and the European Union, assuring Amer…
Economy
U.S. Gasoline Prices at it Highest since 2014 as Hacked Fuel Pipeline Shut
U.S. gasoline prices at the pump jumped 6 cents in the latest week and could soon be headed for the highest level since 2014 due to the supply disr…
Economy
Ethereum (ETH) price exceeds $ 4,000 for the first time
The cryptocurrency, Ethereum, crossed the level of $ 4,000 today, Monday, to reach a new peak for the third consecutive session, amid a bet on the …
Economy
Sotheby's to Accept Cryptocurrencies for the First Time in an Art Auction
Auctioneers Sotheby's said on Tuesday it would accept Bitcoin and Ethereum as payment for an iconic Banksy artwork set to go under the hammer, …
Economy
Is the United States Heading Towards a new Real Estate Bubble?
The staggering rise of U.S. home prices is forcing thousands of aspiring buyers into grueling, often risky bidding wars, raising questions about wh…
Economy
Oil prices fall as the pandemic scatters fuel sales in India
Oil prices plunged on Monday, as a disastrous second wave of the Coronavirus pandemic in India undermined a recovery in fuel demand there, overshad…
Economy
German economy shrinks 1.7% amid COVID crisis
On Friday, data showed that the German economy contracted by 1.7 percent in the first quarter of this year. The lockdown measures, imposed in Germany…
Economy
Palladium tops $3,000 for first time amid undersupply
Palladium rose above $3,000 an ounce for the first time on Friday as the market worried about a shortage of the metal embedded by automakers in exhau…
