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The European Commission has initiated legal action against Austria and six other EU member states at the European Court of Justice (ECJ) over their failure to implement the EU Non-Performing Loans (NPL) Directive within the required timeframe. The directive, aimed

Global electricity demand is projected to grow at its fastest rate in recent years, increasing by nearly 4% annually through 2027, according to a new report from the International Energy Agency (IEA) released today. The surge in power consumption is

Indian Prime Minister Narendra Modi and U.S. President Donald Trump have agreed to commence negotiations on a bilateral trade agreement, marking a significant step in strengthening trade ties between the two nations. Announced during Modi’s visit to the White House

Goldman Sachs has significantly increased its holdings in cryptocurrency exchange-traded funds (ETFs), accumulating over $2 billion in Bitcoin and Ethereum ETF shares, according to recent U.S. Securities and Exchange Commission (SEC) filings. The investment banking giant now holds approximately $1.3

U.S. Treasury yields declined on Thursday despite the release of another inflation report indicating stronger-than-expected price pressures. The 10-year Treasury yield fell by 8 basis points to 4.554%, while the 2-year Treasury yield slipped 4 basis points to 4.321%. Yields

Sony has raised its full-year revenue and profit forecasts following a strong performance in the gaming sector during the December quarter. The Japanese technology giant now expects sales for fiscal year 2024 to reach 13.2 trillion yen ($85.6 billion), reflecting

The European Commission has unveiled its 2025 work programme, emphasizing economic resilience, security, and regulatory simplification. The agenda includes a strategic push to streamline EU regulations and ease administrative burdens while supporting economic competitiveness and strengthening security measures. In its

Germany’s second-largest lender, Commerzbank, announced plans on Thursday to cut 3,900 full-time jobs by 2028 as part of its latest strategic overhaul. The job reductions will primarily affect positions in Germany, although the bank intends to expand staffing in selected

U.S. stocks declined on Wednesday as investors reacted to unexpectedly high U.S. inflation data for January, which dampened expectations of Federal Reserve interest rate cuts. The Dow Jones Industrial Average dropped over 0.8%, while the S&P 500 slipped 0.7% and

وقّع صندوق الأوبك للتنمية الدولية اتفاقية قرض بقيمة 50 مليون يورو مع بنك التنمية الصناعية التركي (TSKB) لتسريع الاستثمارات في التحول الأخضر في تركيا . وسيدعم هذا التمويل الاستثمار في مجالات الطاقة المتجددة، وتعزيز كفاءة الطاقة، والتكيف مع المناخ، وإنتاج المعدات