Author: admin
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…
Sales transactions since the beginning of the year totaled AED9.8 billion across 2,676 transactionsReal estate transactions in Abu Dhabi reached AED17.24 billion ($4.69 billion) in the first two months of 2025, with over 5,000 transactions, reflecting the sector’s strong activity.According to the Abu Dhabi Department of Municipalities and Transport’s DARI platform, real estate sales transactions since the beginning of the year totaled AED9.8 billion across 2,676 transactions. Meanwhile, mortgage transactions during the same period reached AED7.2 billion for 2,352 transactions. Additionally, the total value of usufruct transactions exceeded AED229 million for 28 properties.January records $2.89 billion in transactionsAbu Dhabi continues…
European leaders pose for a family photograph at Lancaster House during the European leaders’ summit on March 2, 2025 in London, England. Wpa Pool | Getty Images News | Getty ImagesEuropean allies put forward their own peacekeeping plans for Ukraine at the weekend, as well as attempting to position the region as a mediator between Kyiv and the White House after the blistering public attack on Ukraine’s President Volodymyr Zelenskyy at the Oval Office last Friday.European leaders met in London on Sunday for a hastily convened summit that aimed to show a united front regarding Ukraine, and to present proposals aiming…
The U.S. strategic stockpile will include bitcoin, ether, XRP, solana and cardanoBitcoin fell 2.61 percent to $91,817 on Monday following a major rally in the previous session triggered by U.S. President Donald Trump’s announcement on social media where he named five digital assets he expects to include in a new U.S. strategic reserve of cryptocurrencies.In a post on Truth Social, Trump said that his January executive order on digital assets would create a stockpile of currencies including bitcoin, ether, XRP, solana and cardano. Following his initial announcement, Trump added: “And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be at…
Bears took control of the trade floor at the Pakistan Stock Exchange (PSX) on Monday as shares declined by 1,200 points. The benchmark KSE-100 index declined by 1,207.25 points, or 1.07 per cent, to stand at 112,044.41 points from the last close of 113,251.66 at 1:32pm. Finally, the index closed at 111,986.88, down by 1,264.78 points or 1.12pc, from the previous close. Yousuf M. Farooq, director research at Chase Securities, said, “Shares worth only Rs18 billion were traded today on the first day of Ramazan, as market activity remained subdued due to shorter trading hours — Ramazan typically sees lower…
In GCC markets, investor sentiment could be impacted by concerns over the economic fallout from new U.S. tariffs on China, Canada and MexicoAsian shares rose on Monday as markets awaited new tariffs by the new U.S. administration. Meanwhile, bitcoin surged after U.S. President Donald Trump announced on social media five digital assets he expected to include in a new U.S. strategic reserve, including bitcoin, ether, XRP, solana and cardano.Bitcoin surged 10 percent on Sunday before trimming some gains on Monday to $93,230, while ether fell back to $2,448 after climbing 13 percent yesterday.GCC market: Earnings, shareholder meetings and tariffs in…
As part of the agreement, bridges and roads will be developed to improve access points for five key Dubai Holding developmentsDubai’s Roads and Transport Authority (RTA) and Dubai Holding, a diversified global investment company and a leader in large-scale development projects, recently signed a contribution and traffic solutions implementation agreement worth AED6 billion ($1.63 billion), in the presence of His Highness Sheikh Ahmed bin Saeed Al Maktoum, chairman of Dubai Holding.The RTA and Dubai Holding’s agreement will contribute to enhancing infrastructure across key development communities and projects throughout the emirate, including Dubai Islands, Jumeirah Village Triangle, Palm Gateway, Al Furjan,…