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April 16, 2024

IMF Expects Steady But Slow Growth for Global Economy in 2024

Washington: The International Monetary Fund (IMF) forecasted that the global economy is heading towards another year of steady but slow growth in 2024. This comes as the strength of the US economy is expected to outweigh the headwinds resulting from o…

Oil Prices Rise

Oil prices rose on Monday, paring last week’s loss, on fears of a widening conflict in the Middle East.

Brent crude futures gained 20 cents, or 0.3%, to $81.33. US West Texas Intermediate (WTI) crude futures climbed 9 cents, or 0.1%, to $77.25 a barr…

Japans Nikkei Ends at 8-Week Low

Tokyo, Japans Nikkei share average fell nearly 2% on Tuesday to close at an eight-week low as technology stocks tracked the overnight declines on Wall Street.

The Nikkei fell 1.94% to 38,471.20, its lowest close since Feb. 21. The index lost as much …

UK Unemployment Rate Jumps to 4.2%

London, Britains unemployment rate rose to 4.2% in the three months through February, the Office for National Statistics (ONS) said Tuesday.

It is the highest level for nearly six months and up from 3.9% in the three months to January.

Most economis…