Browsing: Business

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

MENA Newswire News Desk: India is set to surpass its $100 billion trade target with Russia well ahead of the projected 2030 deadline, according to Indian External Affairs Minister S. Jaishankar. Speaking at the 25th India-Russia Intergovernmental Commission meeting in

MENA Newswire News Desk: The value of Russia’s gold holdings exceeded $200 billion for the first time in October, marking a historic milestone as bullion’s share in the country’s international reserves climbed to 32.9%, according to The Bank of Russia.

MENA Newswire News Desk: The International Air Transport Association (IATA) reported a significant 9.4% growth in global air cargo demand for September 2024 compared to the same month last year, marking a sustained trend of strong annual increases in the

MENA Newswire News Desk: The International Monetary Fund (IMF) has released an updated economic outlook for Austria, projecting a moderate recovery in 2025 with an expected real GDP growth rate of 1.1 percent. This forecast represents a shift from the