US Initial Jobless Claims Plunge to 57-Year Low of 187,000 in Week to July 18
US initial jobless claims fell 22,000 to 187,000 in the week to July 18, a 57-year low and well below the 212,000 forecast, signalling a historically tight labour market.
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South African Reserve Bank Holds Repo Rate at 7% in Surprise Decision as Oil Prices Fuel Inflation Risk
South Africa's central bank held rates at 7.0% by a 4-2 vote, defying forecasts for a hike, citing improved inflation and weaker economic growth.
ECB Holds Interest Rates in July as Rising Energy Prices Keep Tightening Risk Alive
ECB keeps rates unchanged as expected but warns rising energy costs could prompt future tightening.
Brent Crude Surges Above $100 for Fifth Consecutive Session Amid Regional Tensions
Oil prices reach one-month highs as Brent climbs above $100, rattling global equities and lifting inflation concerns.
First Abu Dhabi Bank Reports AED 10,765 Million Net Profit for H1 2026
FAB's H1 2026 profit rose to AED 10.77bn, with higher credit provisions and a more cautious outlook amid regional uncertainty.
AMD, Anthropic Forge Strategic AI Partnership to Deploy Up to 2 Gigawatts of Computing Capacity
AMD and Anthropic partner to deploy up to 2GW AI infrastructure, with AMD investing up to $5B and deep tech collaboration on Claude.
Alphabet Reports Record Q2 Revenue as Google Cloud Surges 82%, Investment Gains Lift Net Income
Alphabet's Q2 revenue hit $119.8B, up 24%. Google Cloud soared 82%. Net income surged 298%, boosted by large investment gains.
Ireland Plans €1.5 Billion in Tax Cuts as Budget Surplus Boosts Fiscal Flexibility
Saudi Stocks Lead Mixed GCC Markets as TASI Climbs 0.72%
Japan's Yen Hits Fresh 40-Year Low as Trade Deficit Widens Despite Export Boom
DP World, Fujairah Ports Authority Sign 50-Year Deal to Build Two New Arabian Sea Ports
Aldar Unveils AED 100 Billion Marsa Al Saadiyat Waterfront Development in Abu Dhabi
U.S., Saudi Arabia Near Landmark 30-Year Civil Nuclear Agreement
South Korea's Economy Beats Q2 Growth Estimates as AI Chip Boom Drives Expansion
UK Inflation Cools More Than Expected as Fuel and Food Prices Ease
Japan's Trade Deficit Widens Sharply as Imports Hit Record High
Solar Power Supplies 25% of EU Electricity in June 2026 in Historic First
Trump Replaces Hormuz 20% Transit Fee With Gulf State Investment Deals
Masdar Reaches Financial Close on World's Largest 24/7 Renewable Energy Project Worth AED 22.4 Billion
Gold Extends Gains Despite Rising Oil Prices
Oil Climbs Toward Six-Week High as U.S.-Iran Tensions Deepen Supply Risks
European Natural Gas Climbs to Four-Month High as Middle East Tensions Raise Supply Concerns
Bitcoin Nears $67,000 as Prices Rally Despite Persistent "Extreme Fear"
Race Against Time: Will the U.S. Senate Deliver America's First Federal Crypto Market Framework?
Ether Surges 5.4% and Bitcoin Climbs 3.6% as Softer US Inflation Drives Crypto Rally
IBM Reports Q2 Revenue of $17.2 Billion, Raises Full-Year 2026 Growth Outlook
Tesla Surpasses $100 Billion Revenue Milestone as Operating Margin Shrinks to 1.4% Despite Record Deliveries
du Reports AED 1.632 Billion Net Profit for H1 2026, Raises Interim Dividend as AI and Data Center Investments Accelerate
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Grokipedia: The AI Encyclopedia That Is Quietly Rewriting What the Internet Knows
Grokipedia, xAI's AI-generated encyclopedia, is rapidly growing but faces criticism for bias, lack of sourcing, and spreading misinformation.
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Energy Crisis 2026: How Oil Prices Are Reshaping Inflation, Central Banks and Global Markets
Surging energy prices in 2026 are driving global inflation, challenging central banks, and reshaping financial markets and risk strategies.
