Economy

Breaking News

UNRWA highlights 4 barriers to delivering aid to Gaza

Amazon faces a Black Friday boycott due to its connections with 'Israel'

Police arrest pro-Palestine protesters at New York Thanksgiving parade

Countries welcome Lebanon-'Israel' ceasefire

'You came back victorious': Resilient Lebanese return to their homes

'It seems we raised the white flag, not Hezbollah,' :Israeli officials admit defeat

Killing of Al Mayadeen, Al Manar journalists in Israeli strike potential war crime

The world reacts to ICC’s arrest warrants against Netanyahu, Gallant

Exclusive: Clauses of Western draft resolution against Iran revealed

Highlights from Sheikh Naim Qassem’s speech

Economy

4 Dec

Airbus to cut 2,000 jobs in defense, space amid satellite losses

The job cuts aim to address significant losses in the satellite sector due to mounting competition from low-cost providers like Elon Musk's Starlink.

4 Dec

Trump could blow up dollar, disrupting global market: Danish bank

4 Dec

Brazil records lowest poverty rate since 2012 in landmark achievement

28 Nov

Moody's warns 'Israel' ceasefire may not ease long-term risks

26 Nov

Tourism in 'Israel' collapsing amid ongoing wars

25 Nov

Bank of Israel keeps interest rate at 4.5% amid war's economic strain

25 Nov

Iran Central Bank governor announces plan to launch digital rial

23 Nov

Musk expresses interest in acquiring MSNBC amid Comcast restructuring

22 Nov

EU, China near deal to end EV tariffs amid trade tensions

Tourism in 'Israel' collapsing amid ongoing wars

The Israeli occupation's tourism sector has taken a severe hit amid the ongoing wars on Gaza and Lebanon, jeopardizing a vital economic inlet for the occupation.

Bank of Israel keeps interest rate at 4.5% amid war's economic strain

Preliminary data for the fourth quarter of 2024 reveals a mixed economic outlook, with signs of slight weakening as businesses and households grapple with the fallout from the cost of war.

Iran Central Bank governor announces plan to launch digital rial

The governor of the Central Bank of Iran stresses the importance of the Digital Rial and the creation of an intelligent financial system.

Musk expresses interest in acquiring MSNBC amid Comcast restructuring

On Wednesday, Comcast announced plans to consolidate MSNBC, USA Network, CNBC, and other properties into a new holding company called SpinCo.

EU, China near deal to end EV tariffs amid trade tensions

In late October, the European Commission approved additional duties of up to 35.3% on electric vehicle imports from China, citing concerns over unfair subsidies.

Yokohama to close Israeli facility amid Yemeni operations

Alliance Tire in Hadera, which has been owned by the Japanese company Yokohama Rubber since 2016, will reportedly halt operations on December 31, 2024.

Bitcoin surpasses $96,000 amid optimism over Trump's crypto agenda

On Binance, the world’s largest cryptocurrency exchange by trading volume, Bitcoin climbed 5.83% overnight, reaching $97,403.37 as of 05:14 GMT.

China retaliates, bans export of critical microchip elements to US

China announces bans on essential metals for semiconductors, solar cells, radars, and more, in retaliation to the US' restrictions on Chinese microchip production.

Billionaire Gautam Adani charged in US over $250 mln bribery scheme

The chairman of the Indian conglomerate Adani Group, along with two executives from a renewable energy company, are charged with securities fraud and conspiracy to commit securities and wire fraud.

US becomes second largest grain seller in EU

In July, the EU raised import taxes on cereals, oilseeds, and processed products from Russia and Belarus, causing imports to fall to 2.9 million euros ($3 million).

3 Southeast Asian states take up BRICS 'partners' status

The partners status intends to prepare countries for membership status in the BRICS alliance.

US national debt exceeds $36 trillion

Republicans have repeatedly criticized US President Joe Biden for what they believe were actions that led to the drastic increase.

S&P sees no major Israeli economic recovery before 2026

According to S&P, only in 2025 will the Israeli economy begin to recover, with a moderate 2.2% increase.

90 hotels closed, thousands of workers laid off: Israeli media

Israeli media outlets are reporting troubling figures in the tourism and hotel sectors, which are shutting down due to the ongoing war, with thousands of workers being laid off.

Borrell warns of consequences for transatlantic relations under Trump

Trump's proposal to implement a 10% tariff on all US imports has raised significant concerns among economists and trade experts.

Iran and Russia integrate bank card systems to counter sanctions

Iranian bank cards are now accepted in Russia, marking a significant step in the integration of their banking systems as part of efforts to bypass international sanctions.

Haifa mayor decries empty streets, 'unprecedented' economic losses

Following Hezbollah's strikes on Haifa, the mayor has confirmed that the city is facing an economic crisis, one that will have broader repercussions for all of "Israel".

Bitcoin hits record daily high topping $86,000

Bitcoin's value continues to climb following Donald Trump’s victory in the US presidential election, with the cryptocurrency seeing a nearly 9% increase on Wednesday alone.

FTX sues Binance and ex-CEO Changpeng Zhao, alleging $1.8Bln in fraud

The suit alleges that FTX management fraudulently transferred $1.8 billion in funds to Binance and its executives during Binance's exit as an FTX stakeholder.

JPMorgan slashes 'Israel's' 2024 GDP forecast to 0.5% as war rages

The bank's revised outlook comes as "Israel" faces a mounting security challenge, with ongoing exchanges of fire between Israeli forces and the Lebanese Resistance along the Lebanese-Palestinian border.

Why 'Israel's' ultimate defeat will come from economic isolation

With each divestment campaign, each institutional withdrawal of support, "Israel's" economic network weakens.

Bitcoin hits $80,000 for the first time

Bitcoin topped $75,000 on Wednesday, exceeding its previous all-time high of $73,797.98 set in March.

Hurricanes, storms cost US $500bln in economic losses in 2024

AccuWeather chief meteorologist Jon Porter says it would take "years" for these communities, families, and small businesses to recover.

Over 1.7mln UK homes won't turn on heating this winter

More than half of households cite growing living expenses as a cause for not heating their houses.