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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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U.S. Mortgage Rates Drop Again, Marking Largest Weekly Decline Since Mid-September

Staff Reporter Mortgage rates have fallen for the seventh straight week, reaching their lowest point...

New EU Carbon Market Expected to Hit Households and Small Businesses Hard

Staff Reporter The European Union's upcoming emissions trading system, slated to launch in 2027, is...

Walmart Asks Chinese Suppliers to Absorb Tariff Costs

Staff Reporter Walmart is urging its Chinese suppliers to lower prices, with the goal of...

Goldman Sachs Upgrades Economic Growth Forecast for Germany and Euro Area

Staff Reporter Goldman Sachs has raised its economic growth forecast for Germany this year, driven...

Trump Looking into Free Trade Deal with Argentina

Staff Reporter President Donald Trump announced on Monday evening that he is open to the...

Saudi Arabia’s Oil Giant Aramco Sees $106 Billion Profit in 2024, Down 12% as Energy Prices Fall

Staff Reporter Saudi Arabia's state-owned oil powerhouse, Aramco, announced a profit of $106.25 billion for...

Chile: Nationwide Blackout Leaves Over 98% of Population Without Power

Staff Reporter Authorities in Chile have declared a state of emergency and imposed an overnight...

Swiss Re Expects Less Than $700 Million Impact from L.A. Wildfires

Staff Reporter Swiss Re announced Thursday that it anticipates claims from the wildfires in Los...

Vietnam’s U.S. Exports Make Up 30% of GDP, Heightening Tariff Vulnerability

Staff Reporter Vietnam's exports to the United States accounted for 30% of the country's gross...

UK Companies Hiring Less but Offering Higher Salaries, Says Adzuna

Staff Reporter British companies are advertising fewer job openings while simultaneously offering higher salaries, according...

Brazil to Join OPEC+ as a Major Oil Exporting Nation

Staff Reporter Brazil’s government announced on Tuesday its approval to join OPEC+, the coalition of...

Singapore to Face Impact from Rising Global Tensions, PM Warns

Staff Reporter In a recent budget speech delivered in Parliament, Singapore's Prime Minister Lawrence Wong...

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The World’s Biggest Gold Mines

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