Browsing: Business

Federal Reserve Chair Jerome Powell emphasized a cautious approach to future rate cuts, noting that the Fed will act based on economic conditions, inflation trends, and the job market.

Britain’s last coal-fired power plant, Ratcliffe-on-Soar, closed on Monday, ending over 140 years of coal-powered electricity and marking a key step toward renewable energy.

The Republic of Korea and the UK have launched a high-level dialogue platform to enhance economic and financial cooperation, focusing on supply chains, security, and climate change issues.

OPEC Fund partners with Evocabank to provide a $10 million loan aimed at empowering Armenian MSMEs, with a focus on climate action and women-led enterprises.

Russia remains a major energy player despite global challenges, with over 90% of its energy exports going to friendly countries, Putin declared at the Russian Energy Week forum.

The Swiss National Bank reduced its interest rate by 25 basis points to 1.00%, marking the third such move in 2024, in response to global market trends and economic pressures.

Gold hits a record high at USD 2,607/oz, reflecting over 25% gains YTD, driven by geopolitical tensions, USD diversification, and macroeconomic uncertainty.

Amazon mandates a full-time return to the office for employees, clashing with the UK government’s push for flexible work rights, sparking a global debate on work models.

Qualcomm has approached Intel for a potential takeover, though no formal offer has been made. The acquisition could be one of the largest in tech history but faces regulatory scrutiny.

Elliott Hill returns as Nike CEO, sparking an 8% stock rise as he aims to lead the company through challenging market conditions and revive its competitive edge.