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MENA Newswire News Desk: The Federal Reserve on Wednesday cut its benchmark interest rate by half a percentage point, marking the first reduction since the Covid pandemic. The Federal Open Market Committee’s decision to lower rates came as inflation showed

MENA Newswire News Desk: India and the UAE signed five major agreements today, focusing on cooperation in nuclear energy, petroleum, and other key sectors. Among these agreements, a Memorandum of Understanding (MoU) was signed between Emirates Nuclear Energy Company and Nuclear Power Corporation of India

Stocks declined sharply on Tuesday, with the Dow Jones Industrial Average falling over 100 points as the first trading day of September began on a volatile note. The S&P 500 slid 0.7%, while the tech-heavy Nasdaq Composite dropped 0.9%. The market’s downward momentum was

China has issued a stern warning to Japan, threatening significant economic retaliation if Tokyo proceeds with additional restrictions on the sale and servicing of chipmaking equipment to Chinese firms. The move complicates ongoing US-led efforts to curb China’s access to

The S&P 500 rebounded in August after a rocky start, ending the month with a 2.3% gain. This marked a reversal from the early August slump, where the index dropped by 6.1% in the first three trading sessions. Despite the volatility, 71%

China’s economic foundations are under intense strain as key sectors struggle to maintain momentum. Factory activity contracted for a fourth consecutive month in August, signaling deepening deflationary pressures. The National Bureau of Statistics (NBS) reported that the official manufacturing purchasing managers’ index

India is set to unveil its largest deep-water port, Vadhvan, in Maharashtra on Friday, with Prime Minister Narendra Modi slated to lay the foundation stone, according to a report by Asian News International (ANI). The port, located in Palghar, is expected to significantly

The International Air Transport Association (IATA) reported a significant rise in global air cargo demand for July 2024, continuing a trend of robust year-over-year growth. According to the latest data, total air cargo demand, measured in cargo tonne-kilometers (CTKs), surged by 13.6%

Warren Buffett’s Berkshire Hathaway reached a significant milestone on Wednesday, becoming the first U.S. company outside of the technology sector to achieve a $1 trillion market capitalization. The Omaha-based conglomerate’s shares have surged by more than 28% in 2024, far outpacing the

Saudi Arabia’s Foreign Direct Investment (FDI) has experienced significant growth, reaching nearly $215 billion in 2023. Khalid Al Falih, the Saudi Minister of Investment, attributes this surge to several key reforms enacted in recent years. These include the Civil Transactions Law, Private