Browsing: Business

The United States Federal Reserve Board has announced the withdrawal of previous guidance that restricted banks from participating in cryptocurrency-related activities without prior approval. The move, made official on Thursday, signals a shift towards a more flexible regulatory environment, aligning

Employment in the European Union (EU) reached an all-time high in the fourth quarter of 2024, while unemployment dropped to its lowest point since 2000, according to data released by the Organisation for Economic Co-operation and Development (OECD). The report,

Eurowire News Desk: A growing number of wealthy Americans are moving their assets to Switzerland amid renewed political and financial uncertainty in the United States. Swiss banks have reported a significant uptick in account openings by high-net-worth U.S. individuals in

Shares of semiconductor giant Nvidia surged nearly 19% on April 9, 2025, following a significant shift in U.S. trade policy and signs of a reprieve in export restrictions related to China. The rally, part of a broader market rebound, was

The European Union has officially approved its first set of retaliatory tariffs on U.S. imports in response to recently imposed American duties on steel and aluminum. The move, announced by the European Commission on Wednesday, comes amid escalating trade tensions

The United States’ decision to impose an additional 20 percent tariff on products imported from the European Union (EU) has drawn strong criticism from BusinessEurope, the continent’s largest business organization. Speaking from Brussels on April 3, 2025, BusinessEurope Director-General Markus

The global market for five key energy technologies electric vehicles, electrolysers, heat pumps, solar photovoltaic systems, and wind turbines is projected to surge to approximately US$2.1 trillion by 2035, according to the latest World Energy Transitions Outlook 2024 published by

MENA Newswire News Desk: NVIDIA continues to rank among the top blue-chip artificial intelligence (AI) stocks supported by billionaire investor Cliff Asness. According to the latest 13F filing for Q4 2024, Asness’s firm, AQR Capital Management, holds approximately $2.19 billion

The European Union (EU) recorded a trade deficit in aluminium of €11.1 billion in 2024, as per newly published data from Eurostat. The EU imported €29.5 billion worth of aluminium and related articles, while exports totaled €18.4 billion, reflecting a

The value of electronic payments in the Republic of Korea reached a record high in 2024, reflecting the continued rise of contactless transactions amid widespread adoption of digital financial services, according to data released by the country’s central bank. Figures