China’s data industry continued to expand rapidly in 2025, supporting the development of the fast-growing artificial intelligence (AI) sector, according to official data. Acoording to Xinhua News Agency, the scale of China’s data industry reached 6.78 trillion yuan (about 1 trillion US dollars) in 2025, up 15.7 % year on …
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The US dollar held flat near a one-week high against major peers on Friday. The dollar index, which measures the currency against six major peers, was little changed at 99.13 in early Asian trade. The euro and sterling were subdued near one-week lows against the greenback, last at $1.1652 and …
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Gold slipped on Friday as market participants awaited closely watched remarks from Federal Reserve Chair Kevin Warsh at the Jackson Hole symposium. Spot gold fell 0.5 percent to US$4,576.30 per ounce by 01:57 GMT after hitting a more than three-month high earlier this week following the US Treasury’s announcement of …
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The EU has registered a trade deficit in goods for the first time in three years, as soaring energy imports outpaced an increase in the bloc’s exports. Eurostat, Brussels’ official statistics office, reported on Tuesday that the EU recorded a deficit of €21.8 billion in the second quarter of this …
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The UAE is emerging as a regional template for a new era of regulated digital money, as governments increasingly respond to the rise of US dollar-backed stablecoins by developing sovereign-aligned alternatives rather than resisting their adoption, according to a new Viewpoint from global management consultancy Arthur D. Little. “The Sovereign …
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European gas prices have risen amid growing concerns over unusually low storage levels ahead of winter, as supply disruptions continue and maintenance work constrains Norwegian gas supplies. On the leading Dutch natural gas futures market, prices rose by as much as 5 percent on Monday before easing slightly to €68.5 …
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The US dollar struggled to hold onto gains against major peers on Tuesday. The euro was a shade higher at $1.1668, hovering near a three-month peak hit last week, while sterling was 0.1 percent stronger at $1.3639, near its six-month peak. The Canadian dollar held flat at $1.3844, steadying after …
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Gold prices retreated on Tuesday after hitting their highest levels in more than three months earlier in the day, while investor focus shifted to upcoming US inflation data and a speech later this week by Federal Reserve Chair Kevin Warsh. Spot gold was down 0.2 percent at $4,640.39 per ounce, …
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Oil prices slipped by nearly 1 % on Monday, driven down by declines in international benchmark futures. Brent crude futures dropped 94 cents, or 1 percent, to trade at $93.45 a barrel by 23:08 GMT. US West Texas Intermediate (WTI) crude similarly fell by 92 cents, or 1.06 percent, settling …
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Gold prices hit their highest levels in more than three months on Monday. Spot gold was up 0.5 percent at $4,627.42 per ounce, as of 01:55 GMT, after hitting its highest level since 15th May earlier in the session. US gold futures edged 0.1 percent higher to $4,683.80. Among other …
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