Brussels: Economic activity in the euro area contracted in April, marking its first decline in 16 months, amid pressures stemming from the war in the Middle East and the resulting rise in energy prices and disruption of global supply chains.
Accord…
Egypt: Oil prices rose on Friday on concerns that renewed Middle East tensions and disruptions in the Strait of Hormuz could tighten global supply. Brent crude futures rose $1.23, or 1.17%, to $106.30 per barrel, while US West Texas Intermediate (WTI)…
New york: US stocks closed lower on Thursday after volatile trading, amid anticipation of earnings reports and renewed concerns about disruptions caused by artificial intelligence in the software sector.
According to Qatar News Agency, the Standard …
Tokyo: Japan’s Nikkei index reversed course on Thursday after briefly surpassing the 60,000-point level, as investors took profits amid ongoing uncertainty over the situation in West Asia. The Nikkei fell 0.75 percent to 59,140.23 points at the close,…