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Markets

Gold price climbs to record high: Why are investors flocking to it?

After two lackluster years, gold is staging an impressive comeback in 2023, with the precious metal delivering double-digit gains by the end of November, inching closer to its all-time highs of $2,060 per ounce reached in August 2020.

Business

Guinness manufacturer Diageo sees stock plunge on profit warning

Shares in Guinness beer maker Diageo plunged 15.44% in afternoon trade on Friday as investors reacted to the company’s latest earnings report.

Economy

Europe at risk of a renewed inflation shock from the Israel Hamas war

The International Monetary Fund (IMF) has warned that the conflict in the Middle East between Hamas and Israel could drive up inflation as central banks continue the battle to bring it down.

World News

China's Evergrande struggling to avoid defaulting on $340 billion debt

Evergrande ran short of cash after Beijing tightened controls in 2020 on corporate debt the ruling Communist Party worries is dangerously high. Some other developers collapsed, leaving half-finished apartment blocks standing empty.

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Europe News

EU should 'stay alert' after Silicon Valley Bank collapse: McGuinness

"Higher inflation and rising interest rates present different challenges to financial stability," said European Commissioner Mairead McGuinness.

Switzerland

European banks plunge, dragged down by Credit Suisse

On the Paris stock exchange, French bank Société Générale fell by 10.6% and BNP Paribas by 10.3% - marking the biggest decline in the session since 24 February 2022 for Société Générale and since 16 March 2020 for BNP Paribas.

USA

'Stop the jitters': IMF chief chides UK amid pressure for Truss U-turn

World financial leaders meeting in Washington have criticised the Truss government's unfunded tax cut plan amid fears the market turmoil could overshadow more considerable challenges.

Culture news

Where are the most iconic Christmas trees around the world?

Here's a list of some of the most tree-mendous (sorry) festive firs across the world.

Money

Bitcoin has dropped by 29%. Why has it plunged this time?

The value of Ether also dropped by 10 per cent amid a broad sale of cryptos which saw the $2.5 billion worth of crypto liquidated. What caused the drop?

World News

European markets rally after turbulent week

European markets rally after turbulent week

USA

Wall Street bounces back a day after huge plunge

With US stocks set for their biggest weekly losses in at least six years, the three big indexes recovered some ground

USA

Euroviews. Housing Bubble: the next implosion?

The global financial crisis that the US housing-market crash triggered in 2008 carried important lessons about how fragile the financial system is in the face of a housing-market collapse. Unfortunately, policymakers have not yet fully applied them.

Markets

Global share markets suffer a Trump slump

Nervous investors sold shares on Monday because of uncertainty about the effects of the immigration curbs introduced by the new US president.

USA

Trump victory sparks early losses though markets bounce back

Markets stabilise after wobble as Trump triumphs

Economy

Wall Street drops sharply after Brexit

U.S. stocks have fallen sharply, with the Dow Jones industrial average dropping as much as 538 points, as Britain's vote to quit the European Union sent a shock wave through global financial markets.

Economy

Market misery on the day after the night before

The pound has fallen to levels as low as 1985 after Britain voted to leave the EU.

United Kingdom

Sterling hits historic low as Brexit fallout spreads

Stocks and shares have been spiralling downwards across Europe after David Cameron said he will quit as British prime minister.

World News

European markets brace themselves for more panic

Wall Street kept a lid on the panic – just – after earlier moving deep into the red on Wednesday following an appalling day on European markets

World News

Russia: rouble at its lowest since 1998

Coupled with fresh falls in world oil prices, investor concerns deepen.

Economy

Shares slump as oil prices tumble to new lows

Oil prices at new lows have hit the world's stock markets. A share sell off has investors braced for one of the worst monthly performances ever in January.