Browsing: Business

– The Central Bank of Egypt opted to keep its key lending rates unchanged on August 20, marking its fourth consecutive pause in monetary policy. The Monetary Policy Committee maintained the overnight deposit rate at 19% and the overnight lending

– In July 2026, both Japan’s imports and exports reached their highest monthly totals ever recorded, driven by increased energy expenses and rising semiconductor demand, which boosted trade values. Imports increased by 27.8% compared to the same month last year,

– On Wednesday, U.S. stocks experienced modest gains as long-term Treasury yields declined significantly. The S&P 500 increased by 16.22 points, or 0.21%, to reach 7,707.98, ending a streak of three consecutive sessions of decline. Meanwhile, the Dow Jones Industrial

– Gold and other precious metals experienced declines on Friday, with spot gold prices decreasing and setting the stage for an overall weekly downturn. Market data revealed that spot gold fell 0.5 percent to trade at $4,326.75 per ounce, while

– In July 2026, worldwide electric vehicle sales experienced a 9% increase compared to the same month last year, reaching 1.85 million units. This uptick contributed to a total of 11.5 million EVs sold in the first seven months of

– In July 2026, South Korea’s automotive exports increased by 7.0% compared to the previous year, reaching a record-high value of US$6.24 billion. This figure represents the highest export amount ever recorded for July. The Ministry of Trade, Industry and

– On Wednesday, diesel prices continued to stay high as restricted supplies of refined products kept upward pressure on fuel markets in the United States and Europe. Futures for U.S. ultra-low sulfur diesel surged 7.4% on Monday, settling at $4.19

– Gold extended its upward trend for a third consecutive day on Tuesday, building on a significant rebound seen last week. The spot price rose 1% to $4,432.74 an ounce as of 0217 GMT, reaching its highest point since June

– According to official data from Statistics Denmark, Denmark’s annual inflation rate declined to 1.7% in July from 1.9% in June. The consumer price index increased by 1.3% compared to June. The core inflation rate remained steady at 2.3%, showing

– According to a recent analysis by Triodos Bank, Europe’s intense summer heat and drought conditions could lead to a reduction in the EU’s economic output by approximately 1% in 2026. This estimated decline amounts to about €180 billion and