Browsing: Business

WASHINGTON, D.C. / RankWire.AI / – U.S. consumer prices fell 0.4 percent in June, while annual inflation slowed to 3.5 percent. The U.S. Bureau of Labor Statistics said the Consumer Price Index followed a 0.5 percent increase in May. The

– India is undertaking an assessment to identify around 100 imported goods that could be produced domestically at a larger scale. The Department for Promotion of Industry and Internal Trade is leading this initiative through six sector-specific groups. The review

The European Investment Bank Group has authorized €17.4 billion in new financial support for sectors including energy, transport, healthcare, education, and business development, with €3.7 billion allocated specifically for projects aimed at decreasing Europe’s reliance on fossil fuels. This package,

– Egypt’s net international reserves increased to an estimated $55.0723 billion at the close of June 2026. This marks the first time reserves have surpassed the $55 billion mark, establishing a new all-time high. The Central Bank of Egypt announced

– Volkswagen is evaluating potential workforce reductions that could result in up to 100,000 job losses across its global operations. CEO Oliver Blume informed employees that current estimates suggest approximately 50,000 additional layoffs worldwide. These positions would be in addition

– The European Union Council has given its final approval on Tuesday for the EU-Mexico Interim Trade Agreement. This decision marks the conclusion of the EU’s internal approval process for the trade-focused agreement. It follows the European Parliament’s approval on

– U.S. President Donald Trump and Iraqi Prime Minister Ali Faleh al-Zaidi convened at the White House on Tuesday to discuss expanded economic and energy cooperation. The talks centered on American investment, oil output, natural gas development, and electricity infrastructure.

Wall Street closed lower on Monday as a sharp technology selloff and surging oil prices pulled major U.S. stock indexes down. The Nasdaq Composite dropped 1.55% to 25,873.18, ending a three-session winning streak. The S&P 500 fell 0.79% to 7,515.34.

Oil prices surged nearly 10% on Monday as renewed U.S.-Iran conflict focused attention on the Strait of Hormuz. Brent crude futures for September delivery gained $7.29, or 9.6%, to settle at $83.30 a barrel. U.S. West Texas Intermediate crude rose

Gold dropped about 3% on Monday, July 13, falling below $4,000 an ounce as oil prices surged and expectations for higher U.S. interest rates strengthened. Spot gold fell to $3,996.76 per ounce, its lowest level in two weeks. U.S. gold