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UK Economy Contracts in April Due to U.S. Tariffs

06/12/2025 13:54

The UK economy experienced a sharp contraction in April 2025, reflecting the economic shockwaves caused by the recent decision by U.S. President Donald Trump to impose broad tariffs on imported goods. This marked the most significant monthly decline in GDP since October 2023.

World Bank Maintains Optimistic Outlook for Egypt’s Economy in FY 2024/2025 with 3.8% Growth Forecast

06/12/2025 12:05

The World Bank has maintained its forecast for Egypts economic growth at 3.8% for the current fiscal year 2024/2025, reflecting a stable outlook compared to its previous estimates released in April, according to the latest Global Economic Prospects report.

Wall Street Journal: U.S. May Inflation Data Falls Short of Expectations, Paving the Way for Rate Cuts

06/12/2025 10:15

According to The Wall Street Journal, U.S. government inflation data for May came in below expectations, increasing the likelihood that the Federal Reserve may consider interest rate cuts in the coming months

Global Gold Prices Rise on Fed Rate Cut Expectations and Slowing U.S. Inflation

06/12/2025 09:52

Gold prices rose in global markets today amid growing expectations that the U.S. Federal Reserve may move to cut interest rates in the coming period, following inflation data that came in below market forecasts.

Notable Rise in U.S. Inflation During May Despite Tariff Concerns

06/11/2025 16:19

The U.S. economy experienced a noticeable increase in inflation during May, according to data released by the Bureau of Labor Statistics. The Consumer Price Index CPI rose by 0.1% for the month, pushing the annual inflation rate to 2.4%. While the monthly figure was slightly below forecasts, the annual rate confirms ongoing upward momentum in consumer prices across several sectors.

World Bank: Rising Trade Barriers Push Global Economy Toward Weakest Growth in 60 Years

06/11/2025 11:33

The World Bank has issued a new report warning that the global economy may be entering a prolonged period of slowdown, potentially making the current decade the weakest for economic growth since the 1960s.

Gold Prices Rise Amid Ongoing U.S.-China Trade Uncertainty

06/11/2025 10:08

Gold prices climbed during trading on Wednesday, driven by persistent uncertainty surrounding a potential trade agreement between the United States and China, as well as investor anticipation of upcoming U.S. inflation data.

Global Gold Prices Decline Amid U.S.-China Trade Talk Uncertainty

06/10/2025 09:52

Gold prices fell globally on Tuesday, June 10, as markets reacted to uncertainty surrounding the ongoing trade negotiations between the United States and China. The talks, which focus on sensitive issues such as tariffs and restrictions on rare earth metals, are being closely monitored by investors.

Dollar Pressured by Trade Tensions and U.S. Jobs Data Anticipation

06/04/2025 13:26

The U.S. dollar came under slight pressure on Wednesday as financial markets adopted a cautious tone ahead of key labor market data. This weakness was amplified by renewed trade frictions, particularly following the enforcement of increased tariffs on steel and aluminum imports, signaling potential volatility ahead.

Gold Rises Amid Trade Uncertainty and Weaker Dollar

06/04/2025 13:00

Gold prices experienced a notable increase, driven by rising global economic uncertainty and renewed trade tensions between the United States and China. The precious metal benefited further a weakening U.S. dollar, prompting a flight to safe-haven assets amid concerns of a deeper-than-expected global slowdown.

OECD Lowers Global Growth Forecast Amid Rising Trade Protectionism

06/03/2025 16:12

The Organisation for Economic Co-operation and Development OECD has significantly lowered its global economic growth forecasts, indicating that the world economy is heading for a deeper slowdown than previously expected. In its latest report, the OECD projects growth to decline 3.3% in 2024 to 2.9% in both 2025 and 2026, compared to earlier estimates of 3.1% for 2025 and 3.0% for 2026.

Bank of Japan Governor: No Intention to Raise Interest Rates Without Actual Improvement in Economy and Inflation

06/03/2025 13:18

Kazuo Ueda, Governor of the Bank of Japan, affirmed that the central bank will not significantly raise interest rates unless there is a clear improvement in economic performance and inflation rates.