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Global Economic News

The World’s Biggest Gold Mines

  Gold prices have surged to record highs, driven by geopolitical tensions, economic uncertainty, and ongoing purchases by central banks. This month, the price of gold climbed nearly 60% this year, surpassing the $4,000-per-ounce mark (average closing price from October 1 to 27) before stabilizing...

Spain’s Gas Demand Soars Following Major Blackout

Spain has seen a dramatic increase in gas demand for electricity generation, rising by nearly 37% from January to September. This surge comes as the country turned to more gas-fired power to stabilize the grid after Europe’s most significant blackout in modern history. In late...

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Gold Reaches Record High Amid Growing Trade War Concerns

Staff Reporter Gold prices soared to a record high as investor concerns over an escalating...

Venezuela’s Currency Plummets as Trump Tariffs Hit Oil Sales

Staff Reporter Venezuelans are flocking to buy dollars, causing the local currency to crash to...

Nearly Half of Japanese CEOs Plan U.S. Investment Increases Despite Trump’s Tariffs

Staff Reporter Almost half of Japanese CEOs are gearing up to invest more in the...

Vietnam Moves to Avoid US Tariffs with Swift Tax Cut Proposal

Staff Reporter Vietnam's finance ministry has proposed cutting preferential import tariffs on various products, including...

Trump Administration Ends Taxpayer-Funded Housing Programs for Unauthorized Immigrants

Staff Reporter The Trump administration is moving to end taxpayer-funded housing benefits for unauthorized immigrants. “American...

Trump Announces 25% Tariff on Countries Purchasing Venezuelan Oil

Staff Reporter President Donald Trump announced on Monday that a 25% tariff will be imposed...

Hyundai Plans Multi-Billion Dollar Investment in U.S. Manufacturing Expansion

Hyundai Motor Company has made headlines with its ambitious plan to invest $20 billion...

UAE commits to $1.4 trillion investment framework in US, White House says

Staff Reporter The United Arab Emirates has announced a substantial commitment to a 10-year investment...

FedEx Reports Economic Uncertainty Hitting Parcel and Freight Demand

Staff Reporter FedEx Corp. shares dropped over 5% in after-hours trading on Thursday after the...

Nasdaq to Establish Regional Headquarters in Dallas, Texas

Texas has emerged as a beacon for businesses seeking growth and opportunity, and the...

German Parliament Approves Historic Debt Reform, Setting Stage for Increased Defense Spending

Staff Reporter Germany’s Bundestag approved a major fiscal package on Tuesday that amends long-standing debt...

Goldman Sachs Reduces Oil Forecasts Amid Slowing U.S. Growth and OPEC+ Strategies

Staff Reporter Goldman Sachs Group Inc. has revised its oil price forecasts downward, citing reduced...

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The World’s Biggest Gold Mines

  Gold prices have surged to record highs, driven by geopolitical tensions, economic uncertainty, and...