Browsing: Business

The OPEC Fund has committed $30M to co-finance Africa’s largest onshore wind power project in Egypt’s Gulf of Suez, expected to power 1M homes and cut emissions by 2.5M tons annually.

Federal Reserve minutes show cautious interest rate cuts amid inflation risks linked to President-elect Trump’s proposed trade, immigration, and economic policies.

Nvidia stock dipped 6.2% after CES, but analysts emphasize the company’s AI leadership, highlighting advancements like the Blackwell AI processor and its partnerships in autonomous driving.

U.S. Treasury yields rose Wednesday as investors awaited labor data and Fed minutes, focusing on interest rate outlook amid economic strength and inflation expectations.

Oil prices fell 1% amid weak economic data from the US and Germany, reversing recent gains driven by a weaker dollar and surging winter demand in the US.

U.S. stocks rallied Monday, with the Dow up 351 points and Nasdaq gaining 1.8% as chipmakers surged following Foxconn’s record revenue. Investors await economic data and Fed guidance.

Microsoft plans to invest $80 billion in AI data centers by June 2025, expanding infrastructure to power AI growth and innovation globally.

The U.S. dollar index hit a two-year high as markets responded to optimism over Donald Trump’s policies and resilient economic performance in 2025.

Egypt’s food exports reached $5.5 billion by November 2024, marking a 17% growth over 2023, with key markets including Arab nations, Europe, Africa, and the United States.

China’s industrial profits fell 4.7 percent in the first eleven months of 2024, according to the National Bureau of Statistics, highlighting ongoing economic challenges.