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The euro rallied in European trade on Monday against a basket of major rivals, starting its recovery from two-week lows against the dollar and on track for the first profit in four days as European leaders agreed to present urgent plans to the US to achieve peace in Ukraine.    Additionally, after bullish remarks from some European Central Bank officials, the odds of a March ECB interest rate cut dropped, with traders awaiting important eurozone inflation data later today to gather more clues.    The Price   The EUR/USD pair rose 0.5% today to $1.0423, with a session-low at $1.0399. …

As inflation continues to decelerate, the central bank is widely expected to deliver another 250 basis-point cut this weekTürkiye’s annual inflation rate eased for the ninth consecutive month, reaching 39.05 percent in February. This marks the lowest inflation level since July 2023, according to official data released on Monday. Annual core inflation, which excludes volatile items such as energy and food, meanwhile, fell to a 37-month low of 40.21 percent.On a monthly basis, the consumer price index (CPI) rose 2.27 percent compared to 5.03 percent in January. Core CPI increased 1.80 percent month-on-month, significantly lower than the 5.59 percent rise…

Pakistan’s consumer price index (CPI) inflation rate maintained its downward trend on Monday, hitting more than a 9-year low at 1.51 per cent year-on-year (YoY) in February. Analysts have noted that the current scenario is one of disinflation, which indicates a decrease in the pace of the inflation rate, whereas deflation (the opposite of inflation) occurs when general price levels fall. “Pakistan CPI for month of Feb-2025 has clocked in at 1.5pc, lowest reading in 113 months,” Topline Securities, a brokerage firm in Karachi, noted. “Inflation came lower than market expectations,” it added. “Inflation during 8MFY25 has averaged at 5.85pc…

Proposals to provide families with access to free preschool education appear to be gaining political momentum in China, as the country intensifies its efforts to convince couples to have more children by creating a “birth-friendly society”.The proposal – which involves expanding free public education in China from the current nine years to 12 years, by including three years of preschool – follows similar suggestions made during two local-level political gatherings in January.“Free preschool education can reduce education costs for families, alleviate families’ financial burdens, and effectively tackle young people’s unwillingness and fear to have children,” the deputy who made the…

Pakistan’s Balance of Trade Value in USD billion Pakistan’s trade deficit significantly increased by over 33% to $2.3 billion in February 2025, as compared to the same month of the previous year, data released by the Pakistan Bureau of Statistics (PBS) showed on Monday. The country’s trade balance, the gap between exports and imports, was recorded at a deficit of $1.72 billion in February 2024. The trade deficit expanded year-on-year (YoY) in February 2025 on the back of an increase in the country’s imports along with a decrease recorded in exports. Exports in February 2025 stood at $2.44 billion, down…

DEWA experienced a noteworthy 3.4 percent increase in its peak demand in 2024, reaching 10.76 GWDubai’s energy demand increased by 5.4 percent year-on-year in 2024 to 59,594 gigawatt hours (GWh) from 56,516 GWh in 2023, stated Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA). DEWA also experienced a noteworthy 3.4 percent increase in its peak demand in 2024 compared to 2023, reaching 10.76 GW.Al Tayer noted that DEWA continues to increase the capacity of transmission and distribution networks as it develops world-class electricity and water infrastructure to keep pace with Dubai’s population growth, energy…

Two parents and their two children walk through a section of sweet cakes, biscuits and jam.Nicolas Guyonnet | Afp | Getty ImagesEuro zone inflation eased to 2.4% in February but came in slightly above analyst expectations, according to flash data from statistics agency Eurostat out on Monday.Economists surveyed by Reuters had expected inflation to dip to 2.3% in February, down from the 2.5% reading of January.So-called core inflation, which strips out energy, food, alcohol and tobacco costs, hit 2.6% in February, just below the 2.7% print of the previous month.The closely watched services inflation reading, which has proven sticky over…

The 10-year Treasury yield pulled back on Monday as investors readied for President Donald Trump’s tariffs on Canada and Mexico to go into effect.The benchmark 10-year Treasury yield slid more than 6 basis points to 4.163%. The 2-year Treasury yield slipped around 4 basis points, siting at 3.96%.One basis point is equal to 0.01%, and yields and prices move in opposite directions.Trump’s tariff plans are again in focus this week, with 25% duties on imports from Canada and Mexico slated to go into effect Tuesday. Trump confirmed the taxes were coming on Monday, hampering investors’ hopes for a last-minute deal that would avert the full…

Headline Inflation YoY Headline Inflation YoY Pakistan’s headline inflation clocked in at 1.5% on a year-on-year basis in February 2025, a reading below that of January 2025 when it stood at 2.4%, showed Pakistan Bureau of Statistics (PBS) data on Monday. On a month-on-month basis, consumer price index (CPI) decreased by 0.8% in February 2025 as compared to an increase of 0.2% in the previous month and no change in February 2024. CPI inflation average during 8MFY25 stood at 5.85% as compared to 27.96% in 8MFY24. The February CPI reading is the lowest since September 2015, said Arif Habib Limited…

5G Automotive Association, JASPAR, Outsight, Safran Passenger Innovations and Seamless Air Alliance enter new alliancesGlobal mobile industry association GSMA has announced new strategic partnerships with leading organizations in the automotive and aviation sectors at MWC Barcelona.Through these partnerships, the GSMA will work on behalf of the mobile industry to better understand the connectivity needs of these sectors and support the development of advanced connectivity solutions that enhance safety, efficiency, and customer experience.The organizations partnering with the GSMA on these collaborations include the 5G Automotive Association (5GAA), Japan Automotive Software Platform and Architecture (JASPAR), Outsight, Safran Passenger Innovations and Seamless Air…