Browsing: Business

U.S. stocks posted strong gains on Thursday, driven by a rally in technology shares, even as uncertainty continued over potential progress in trade negotiations between the United States and China. The benchmark S&P 500 rose 1.4%, while the Nasdaq Composite

The Central Bank of Egypt (CBE) announced on April 17, 2025, that it has reduced key interest rates by 225 basis points. The decision was made during a meeting of the CBE’s Monetary Policy Committee (MPC) as part of its

Financial markets experienced heightened turbulence on Wednesday as the latest round of tariffs from U.S. President Donald Trump officially took effect. The move, which has triggered swift retaliation from China and drawn criticism from business leaders, pushed U.S. stocks to

The European Commission has formally proposed a zero-tariff agreement on all industrial goods with the United States, signaling a renewed push to de-escalate transatlantic trade tensions. The offer was confirmed by European Commission President Ursula von der Leyen, who also

European automakers have urged the European Union and United States to resolve escalating trade tensions swiftly, citing growing risks to jobs, industrial investment, and transatlantic economic cooperation. The call follows heightened concerns within the automotive industry over the potential fallout

The European Parliament has approved substantial financial aid packages for Egypt and Jordan, amounting to €4 billion and €500 million respectively, in a move aimed at reinforcing economic stability and supporting key reforms in both nations. The decision was made during

MENA Newswire News Desk: NVIDIA continues to rank among the top blue-chip artificial intelligence (AI) stocks supported by billionaire investor Cliff Asness. According to the latest 13F filing for Q4 2024, Asness’s firm, AQR Capital Management, holds approximately $2.19 billion

U.S. stock markets closed sharply lower on Friday, weighed down by hotter-than-expected inflation data and renewed concerns over tariff policies under President Donald Trump. The Dow Jones Industrial Average dropped 590 points, or 1.6%, while the S&P 500 lost 1.6%

MENA Newswire News Desk: South Korea’s Hyundai Motor Group is set to unveil a $20 billion investment in the United States, marking a significant expansion of its manufacturing footprint and aligning with ongoing efforts by foreign firms to localize production

The European Parliament’s International Trade Committee has endorsed two separate macro-financial assistance (MFA) packages aimed at supporting Egypt and Jordan, with proposed loans of €4 billion and €500 million respectively. The approvals were granted during a vote held on 21