Economy

Global Markets Focus On US Inflation Data

Amid renewed concerns about the omicron variant of COVID-19, global markets on Friday focused on key US inflation data that could set direction on Federal Reserve rates. Analysts said Friday's data may affect the Fed's asset purchase rate and interest rate hikes. They also warned investors that volatility in asset prices may increase. The US ...

12:45 Et December 10, 2021

Italy's competition regulator hits Amazon with 1.1-billion-euro fine

The Italian Competition Authority (AGCM) on Thursday fined Amazon more than a billion euros for abusing its dominant market position in Italy and breaking EU law. Imposing the fine of ...

18:00 Et December 9, 2021

Oil Prices Up From Market Relief Over New Variant Worries

Oil prices increased on Thursday on investor relief following news that the Pfizer-BioNTech vaccine booster is capable of neutralizing the omicron variant. International benchmark Brent crude was trading ...

13:30 Et December 9, 2021

Morocco Takes Part in 26th International Crafts Fair in Milan

Morocco participates in the 26th edition of the International Crafts Fair in Milan, considered as ''the largest'' exhibition of the industry in Europe. The Moroccan stand has seen ...

10:25 Et December 7, 2021

Turkish lira weakens anew towards record low against dollar

The Turkish lira slid 0.7% against the dollar on Monday, weakening once again towards its record lows against the U.S. currency as concerns persisted over the central bank's ...

10:25 Et December 6, 2021

OPEC+ oil output decision in the balance as Omicron hammers prices

OPEC and its allies will decide on Thursday whether to release more oil into the market or restrain supply amid big gyrations in crude prices, a U.S. release ...

12:48 Et December 2, 2021

German unemployment continues to fall

Unemployment in Germany fell to 2.317 million in November. This means that 60,000 fewer people were without a job in November than in October, and 382,000 fewer than ...

13:15 Et November 30, 2021

Food, gas prices pinch families as inflation surges globally

From appliance stores in the United States to food markets in Hungary and gas stations in Poland, rising consumer prices fueled by high energy costs and supply chain disruptions are putting a ...

15:30 Et November 29, 2021

Shippers prepare for another pandemic crush of holiday gifts

The last holiday season was far from the most wonderful time of the year for the U.S. Postal Service: Sick and quarantined workers, a flood of packages from shoppers loath to set foot in stores and a last-minute dump of packages from overwhelmed private shippers. Postal workers who recall packages and letters piled up in ...

15:30 Et November 28, 2021

Stores kick off Black Friday but pandemic woes linger

Retailers are expected to usher in the unofficial start to the holiday shopping season Friday with bigger crowds than last year in a closer step toward normalcy. But ...

16:15 Et November 26, 2021
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