The Kremlin warned on Wednesday that the European Union's decision to ban all Russian gas imports by...
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2025-12-03
Russian President Vladimir Putin accepted some U.S. proposals to end the war in Ukraine and rejected...
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2025-12-03
Silver prices surged to a new record high on Wednesday, driven by persistent supply shortages, stron...
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2025-12-03
Cryptocurrency prices rose on Wednesday, recovering from a sharp sell-off that surprised Wall Street...
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2025-12-03
Gold prices were largely unchanged in Asian trading on Wednesday as investors awaited key U.S. econo...
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2025-12-03
The European Council announced on Wednesday that it had reached an agreement with the European Parli...
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2025-12-03
The Kremlin warned on Wednesday that the European Union's decision to ban all Russian gas imports by autumn 2027 will drive up energy costs in the region and accelerate its economic decline. Kremlin spokesman Dmitry Peskov told reporters that Europe is imposing higher energy costs on itself, which could undermine its future economic viability, according to AFP. This comes after the European Union reached an agreement to completely eliminate Russian gas imports by autumn 2027, as part of efforts to reduce Moscow's energy revenues. European Commission President Ursula von der Leyen praised the agreement, saying it marks the beginning of a new era in which the EU will achieve complete energy independence from Russia.
2025-12-03
Silver prices surged to a new record high on Wednesday, driven by persistent supply shortages, strong demand, and growing expectations of a US interest rate cut. Silver futures for March delivery climbed 0.2% to $58.825 an ounce. This followed an earlier all-time high of $59.655 an ounce. Holdings of silver exchange-traded funds (ETFs) jumped by nearly 200 tons on Tuesday, underscoring continued investor interest in the metal, according to data compiled by Bloomberg. Markets are currently anticipating a 25-basis-point US interest rate cut at the Federal Reserve meeting on September 9-10, as they await economic data delayed due to the recent government shutdown.
2025-12-03
Cryptocurrency prices rose on Wednesday, recovering from a sharp sell-off that surprised Wall Street, though sentiment among traders remained weak. Bitcoin climbed 2.35% to $93,247.25 at 9:49 AM Mecca time, according to Coinbase data. Ethereum rose 2.62% to $3,066, while Ripple gained approximately 1.23% to $2.1956, and Dogecoin advanced 2.98% to $15.04. The market also received a boost from Vanguard Group's decision to allow cryptocurrency exchange-traded funds (ETFs) and mutual funds to trade on its platform. Securities and Exchange Commission Chairman Paul Atkins indicated that the Innovation Exemption rule is on the roadmap for cryptocurrency companies next year, reflecting efforts to strengthen regulation of these currencies in the United States.
2025-12-03
The European Council announced on Wednesday that it had reached an agreement with the European Parliament to phase out Russian gas imports by 2027, as part of efforts to end dependence on Russian energy resources. The agreement will include a legally binding, phase-out of liquefied natural gas (LNG) and pipeline gas imports from Russia, with a complete ban on both to be implemented by the end of 2026 and autumn 2027, respectively. As of October, Russia's share of EU gas imports stood at 12 percent, down from 45 percent before its 2022 invasion of Ukraine. Countries such as Hungary, France, and Belgium continue to receive Russian gas.
2025-12-03
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The Organisation for Economic Co-operation and Development (OECD) has raised its forecast for UK economic growth in 2026 to 1.2% from its previous estimate of 1%, the Paris-based organization announced on Tuesday. This upward revision comes as the OECD points to the positive impact of Chancellor Rachel Reeves’ budget on consumption, despite continued pressure from global uncertainty that could keep inflation under pressure. Looking ahead, the OECD expects the UK economy to grow by 1.3% in 2027, according to its latest World Economic Outlook. The organization stressed the importance of precise timing in the fiscal consolidation process, noting that there are “significant risks to growth and upside risks to inflation.” It advised that a well-calibrated approach combining revenue-raising and spending-cutting measures remains essential for the UK economy.
2025-12-02
Kremlin spokesman Dmitry Peskov said that Russia remains a key energy supplier to India, stressing that the decline in New Delhi's imports of Russian energy due to US sanctions is only temporary. At a press conference today, Peskov confirmed that Moscow plans to increase energy supplies to India, emphasizing the importance of establishing trade mechanisms that are not affected by external pressure. He also pointed to Moscow's experience in conducting trade under sanctions, according to Reuters. This comes as India's purchases of Russian oil fell to their lowest level in three years this month, after Washington imposed sanctions on Rosneft and Lukoil, Moscow's two largest oil producers.
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Gold prices fell during the early trading hours on Monday, hovering around the $2500 mark, as trader...
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The EUR/USD pair rose to its highest level since the beginning of the year, reaching around 1.1040 d...
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The British pound rose in the European market on Thursday against a basket of global currencies, hol...
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The U.S. Dollar Index registered a slight increase during recent trading this week on Friday, approa...
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