Browsing: Business

The Central Bank of the Russian Federation announced adjusted exchange rates for foreign currencies against the ruble, effective from December 14 to December 16, 2024. The exchange rate for the US dollar was reduced by 51.95 kopecks, setting it at

Germany is bracing for another year of economic contraction, as the Deutsche Bundesbank forecasts a 0.2% decline in GDP for 2024. This marks the second consecutive year of economic shrinkage, with structural challenges and international trade concerns contributing to the

The United Kingdom’s economy contracted by 0.1% in October, marking the second consecutive monthly decline, according to official data released today. This drop follows a similar contraction in September, raising concerns about the country’s economic trajectory amid global uncertainty. Chancellor

The global trade sector is set to achieve a record $33 trillion in 2024, a $1 trillion increase compared to 2023, according to a report by the United Nations Conference on Trade and Development (UNCTAD). This represents an annual growth

The European Union allocated €381.4 billion to research and development (R&D) in 2023, reflecting a 6.7% increase from the previous year’s expenditure of €357.4 billion and a significant 57.9% rise compared to 2013, when €241.5 billion was spent. This marks

MENA Newswire News Desk: Political instability in France and Germany is creating significant economic challenges for the European Union, disrupting modernization efforts and undermining global competitiveness. The collapse of the governments in these two key EU member states comes at

MENA Newswire News Desk: Olivier Andriès, CEO of French aerospace giant Safran, has expressed significant concerns regarding the potential impact of ongoing political instability in France on the nation’s defense budget and investor confidence. Speaking at a recent industry forum, Andriès highlighted the

MENA Newswire News Desk: Rising employment costs in the United Kingdom have slowed growth in the country’s services sector, according to the S&P Global UK Services Purchasing Managers Index (PMI) for November. The PMI reading dipped to 50.8, down from October’s

MENA Newswire News Desk: Christian Sewing, CEO of Deutsche Bank, has called for immediate structural reforms in Germany to enhance the nation’s economic competitiveness in the face of global challenges. Speaking at the Financial Times Global Banking Summit in London, Sewing urged policymakers to

MENA Newswire News Desk: The European Commission (EC) has unveiled a €4.6 billion investment initiative to support decarbonization technologies and clean hydrogen projects. Announced on December 3, 2024, the funding will be sourced from revenues generated by the EU Emissions