Saudi Arabia cut its growth forecasts and raised its budget deficit estimates for the fiscal years 2024 to 2026, looking ahead to a period of higher spending and lower projected oil revenues. Real gross domestic product is...
US stocks closed firmly lower on Tuesday after Iran fired over 100 ballistic missiles at Israel, pushing oil prices for West Texas Intermediate (CL=F) and Brent (BZ=F) to their biggest increases in nearly a year. The tech-heavy...
Physical demand for gold across key markets has tumbled as prices continue to rise, with some retail consumers opting to sell their holdings and book the profit, industry players and analysts said. Spot gold rose to a...
WASHINGTON -- U.S. job openings rose unexpectedly in August as the American labor market continued to show resilience. The Labor Department reported Tuesday that employers posted 8 million vacancies in August, up from 7.7 million in July....
Mastercard and Amazon have teamed to digitize payment acceptance in Africa and the Middle East. The partnership between Mastercard and Amazon Payment Services, announced Monday (Sept. 30), covers countries that include Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman,...
The harmonized German consumer price index eased to 1.8% in September, coming in lower than expected, preliminary data from the country’s statistics office Destatis showed on Monday. The September harmonized CPI figure had been forecast to come...
DETROIT — Ford Motor is aiming to boost sales of its electric vehicles by addressing potential customer concerns through a new program that includes free home-charging installation and other benefits. The “Ford Power Promise” program begins Tuesday for customers...
PENNSYLVANIA, USA — On Monday, Pennsylvania Turnpike officials announced that customers can now use Google Pay and Apple Pay as the newest options to pay tolls. "These new payment options deliver what the majority of our customers...
A new digital wallet and instant payment solution dubbed “Wero” is reportedly being rolled out across western Europe. Backed by 16 of the European Union’s major banks and payment processors, Wero will allow consumers to pay with their own bank account, Bloomberg reported Friday (Sept. 27). Wero aims to provide consumers with an...
Last week, the Federal Reserve cut interest rates by half a percentage point. Now, The Wall Street Journal reported Thursday (Sept. 26), small business owners aren’t sure how to proceed. In some cases, the report says, the rate cut is prompting businesses to invest. For example, there’s Rental Concepts, a tire-and-wheel...
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