News

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25 May 2023 09:18

Brexit raises UK food bill

Daily News

It has been calculated that Brexit has caused food inflation in the UK to be 30% higher, adding an additional £7 billion to households’ food bills since December ...

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25 May 2023 09:18

Interest rate divergence in Fed minutes

Daily News

The Fed minutes highlighted the division among officials on further rate hikes. The minutes indicated that the extent of possible rate hikes had become less certa...

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24 May 2023 17:34

Copper prices at 6-month low

Daily News

Copper prices fell below $8,000 per tonne for the first time in six months following weak economic data from China following the end of COVID-19 restrictions. Cop...

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24 May 2023 17:34

"The financial situation is suitable for the Qatari riyal to be indexed to the dollar"

Daily News

Qatar Central Bank Governor Bandar bin Mohammed bin Saud Al Thani announced that the country’s financial situation is suitable for the local currency to be pegged...

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24 May 2023 17:34

EU calls for "reduce energy support"

Daily News

The European Union (EU) Commission has requested member states to comply with the union's fiscal rules and reduce current energy support measures by the end of th...

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24 May 2023 17:33

Lagarde: ECB determined to fight high inflation

Daily News

European Central Bank (ECB) President Christine Lagarde stated that the bank is determined to fight inflation and will bring interest rates to sufficiently restri...

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24 May 2023 17:33

Sasa A Team at Qatar Economic Forum

Daily News

The Sasa A Team, led by Erdemoğlu Holding Chairman İbrahim Erdemoğlu, attended the Qatar Economic Forum. The Qatar Economic Forum, which was held for the third ti...

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24 May 2023 17:32

Jeremy Hunt: Food inflation is worryingly high

Daily News

British Finance Minister Jeremy Hunt stated that although inflation fell to 8.7 percent in April, food inflation remained “worryingly” high. In his assessment of ...

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24 May 2023 17:32

Fed to track market sentiment on Twitter

Daily News

The US Federal Reserve (Fed) has created a new measure of credit and financial market sentiment using Natural Language Processing on Twitter data. The Fed's repor...

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24 May 2023 09:45

UK inflation hits steepest fall in 30 years

Daily News

The downward momentum in annual inflation in the UK continued in April. Annual inflation in the country fell to its lowest level in a year at 8.7 percent. It was ...

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24 May 2023 09:44

The richest man in the world lost $11 billion of his fortune

Daily News

The world’s richest man, Bernard Arnault, lost $11 billion after LVMH stock crash. The world’s richest man, Bernard Arnault, had $11.2 billion wiped from his fort...

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24 May 2023 09:37

Oil rises after Saudi Arabia's warning

Daily News

Oil rose for a third session after Saudi Arabia issued a warning to short sellers and suggested OPEC+ could reduce output to boost prices. U.S. crude rose to $74 ...

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24 May 2023 09:37

New Zealand raises interest rates again

Daily News

The Reserve Bank of New Zealand (RBNZ) raised its policy rate by another 25 basis points, in line with market expectations, warning that inflation is still too hi...

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24 May 2023 09:36

Asian stock markets fall

Daily News

Asia-Pacific markets were mostly lower on Wednesday. Hong Kong’s Hang Seng index fell 1.05 percent and the Hang Seng Technology Index lost 1.16 percent, led by he...

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24 May 2023 09:35

Netflix starts charging for account sharing in the US

Daily News

Global internet television network Netflix has announced that users in the US will be able to share their account information with others for $8 per month. Netfli...

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24 May 2023 09:35

Fitch warns: US consumer spending could be further constrained

Daily News

International credit rating agency Fitch Ratings reported that weakening consumer confidence due to inflation and tight credit standards due to stress at regional...

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23 May 2023 09:39

Yellen warns about cash

Daily News

While no concrete results came out of the critical talks on the debt limit in the U.S., U.S. Treasury Secretary Yellen warned that the department could run out of...

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23 May 2023 09:39

ECB/ Villeroy: Interest rates to peak in next three meetings

Daily News

“The European Central Bank will hit a peak in interest rates in its next three meetings,” said Francois Villeroy de Galhau, a member of the Governing Council of t...

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23 May 2023 09:38

Oil Rises After Biden-McCarthy Talks

Daily News

Oil rose after U.S. leaders including President Joe Biden broadly sounded positive tone about resolving the debt ceiling impasse, boosting risk appetite. U.S. cru...

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23 May 2023 09:38

Biden-McCarthy meeting yields no results

Daily News

House Speaker Kevin McCarthy said he had “productive” and “professional” talks with President Joe Biden on how to raise the debt ceiling, but the two failed to re...

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23 May 2023 09:38

Asian stock markets mixed

Daily News

Asian stock markets were mixed after U.S. debt ceiling talks ended without a deal. Asia-Pacific markets were mixed on Tuesday after talks between U.S. President J...

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