Browsing: Business

MENA Newswire News Desk: Mortgage lending in the eurozone surged in July as interest rates began to fall, marking a recovery in the housing market, according to data from the European Central Bank (ECB). The region’s banks issued €71 billion

MENA Newswire News Desk: The World Trade Organization (WTO) has reaffirmed the critical role of international trade in reducing income disparities between economies, according to the World Trade Report 2024, published today. The report emphasizes the need for a broader

MENA Newswire News Desk: Trade between Moscow and BRICS countries rose by 14.7% in the first half of 2024, marking a significant boost in international commerce. The increase was confirmed by the Mayor of Moscow’s office and reflects efforts to

MENA Newswire News Desk: Russia has escalated its daily gold purchases by 700%, the country’s Finance Ministry revealed on Wednesday. From September 6 to October 4, Russia will allocate 8.2 billion rubles ($92 million) each day to buy gold and

MENA Newswire News Desk: UK house prices have experienced their fastest growth rate since November 2022, despite concerns about potential changes in the upcoming Autumn Budget. According to the Halifax House Price Index, the average property price in the UK

MENA Newswire News Desk: Seven & i Holdings, the parent company of 7-Eleven, has rejected a $38.6 billion acquisition offer from Canadian convenience store operator Alimentation Couche-Tard. The Tokyo-based company stated that the proposal “grossly undervalues” the business and does

MENA Newswire News Desk: European and Asian stock markets slid on Friday as investors awaited the release of key U.S. jobs data that could significantly influence the Federal Reserve’s next move on interest rates. The anticipated payroll report is expected

MENA Newswire News Desk: JPMorgan has retracted its previous call to buy Chinese stocks, citing concerns over the possibility of a second tariff war following the upcoming U.S. elections. The bank’s analysts downgraded Chinese equities from “overweight” to “neutral” in

MENA Newswire News Desk: Verizon Communications Inc. has agreed to acquire Frontier Communications Parent Inc. in a deal valued at approximately $9.6 billion, as the telecom giant seeks to strengthen its high-speed internet services. The acquisition, which includes both equity

Job openings in the U.S. dropped to their lowest level since January 2021, adding to signs of a slowing labor market. The Bureau of Labor Statistics reported 7.67 million open positions at the end of July, down from 7.91 million