Browsing: Business

VIENNA, December 25, 2025: The OPEC Fund for International Development announced a new co-financing commitment of up to US$2 billion with the African Development Fund (ADF) for the period 2026 to 2030, reaffirming its ongoing financial support for Africa’s economic

LONDON, December 24, 2025: Gold prices surged to an all-time high on Monday, approaching the $4,500 per ounce mark, as investors sought stability amid volatile global markets and persistent geopolitical tensions. The benchmark spot price briefly touched $4,497.80 per ounce

VIENNA, December 20, 2025: Austria’s economy has entered a phase of measured recovery following a prolonged recession, according to updated projections by the country’s leading economic research institutes. The forecasts indicate that growth will strengthen steadily through 2027 as inflation

LONDON, December 18, 2025: Gold prices rose on Thursday as investors shifted toward safe-haven assets amid weaker risk sentiment following mixed U.S. labor market data, geopolitical tensions, and firm signals from the Federal Reserve that interest rates will remain restrictive

LONDON, December 18, 2025: UK inflation slowed more than expected in November, reaching its lowest level in eight months and bolstering expectations that the Bank of England will move toward reducing interest rates in the coming months. According to data

LONDON, December 17, 2025: Oil prices fell to their lowest levels since May on Monday, extending a months-long decline that has pushed benchmark crude toward its largest annual drop in seven years. Persistent global oversupply and sluggish fuel demand have

BRUSSELS, December 3, 2025: The European Commission on Wednesday announced a comprehensive revision of its economic doctrine, unveiling a new strategy aimed at safeguarding the European Union’s market resilience amid mounting geopolitical and trade-related tensions. The initiative, presented in Brussels,

VIENNA, December 3, 2025: Austrian Foreign Minister Beate Meinl-Reisinger has urged the swift approval of the European Union-Mercosur trade agreement, calling it essential for strengthening Austria’s economy, boosting exports, and protecting industrial jobs tied to global trade. Her appeal comes

PARIS, December 3, 2025: The Organisation for Economic Co-operation and Development (OECD) has projected that the global economy will expand by 3.2 percent in 2025, defying concerns about the impact of escalating trade tensions between the United States and its

UNITED NATIONS, December 2, 2025: The United Nations is facing a worsening financial shortfall, with unpaid membership dues approaching $1.6 billion, prompting Secretary-General António Guterres to warn that the organization’s liquidity crisis is at its most serious level in years.