by Jibran Munaf | October 25, 2024 | Central Banks, Economy
On Friday, Russia’s central bank implemented a significant interest rate hike, increasing its key rate by 200 basis points to 21% to counter inflationary pressures that exceeded earlier projections. The latest hike follows a prior increase to 19% in September, with...
by Jennifer George | October 25, 2024 | Economy, Industry, News, Technology
On Thursday, Nvidia CEO Jensen Huang announced Nvidia’s growing footprint in the Indian tech space at the AI Summit in Mumbai. The announcement revealed various partnerships with Indian companies and the launch of a Hindi-language model. Among the numerous...
by Jennifer George | October 25, 2024 | Economy, News
On Thursday, Russia’s Putin cautioned that the escalating tensions in the Middle East are “deteriorating” at the 2024 BRICS Summit hosted in the Russian city of Kazan. Putin stated that Russia’s preparedness to address the challenge of...
by Jennifer George | October 25, 2024 | Coverage, Economy, News, US Elections 2024
23 Nobel Prize-winning economists have signed a letter certifying Democratic candidate Kamala Harris’ economic plan as “vastly superior.” The group of academics includes two of the most recent laureates, Simon Johnson and Daron Acemoglu of the...
by Jibran Munaf | October 25, 2024 | Economy
Fresh data released on Thursday suggests that the US economy is on track for steady growth through the end of 2024. According to S&P Global’s flash US composite PMI, which reflects activity across both the services and manufacturing sectors, the index came...
by Jennifer George | October 24, 2024 | Aviation, Economy, Industry, News
The Gulf Cooperation Council’s (GCC) GDP often hinges on the historic oil and gas sectors. Dubai Airports and Emirates Group published promising projections on Dubai’s booming aviation sector. The study compiled by global research firm Oxford Economics,...
