Following the US Federal Reserve’s recent interest rate decision, gold prices surged back above the $2000 level on Thursday morning. The yellow metal experienced a gain of 2.79%, reaching $2,053.00.…
Category: Finances
Fed Maintains Steady Interest Rates, Signals Potential Cuts in 2024
In its final meeting of the year, the US Federal Reserve opted to keep interest rates unchanged, holding the range between 5.25% and 5.5%. This decision, marking the third consecutive…
Surging Prices Dampen Festive Spirit at Budapest’s Christmas Markets
As the holiday season unfolds, the iconic outdoor Christmas markets in Budapest, Hungary, known for their vibrant atmosphere, are raising eyebrows due to unexpectedly high prices. Against the backdrop of…
Switzerland’s Economic Outlook: Lower Growth Anticipated Amid Eurozone Challenges
Adjusted Growth Projections for 2024 Economic experts predict a more restrained growth trajectory for Switzerland in 2023 and 2024, with a subsequent acceleration in the following year. The country has…
European Stocks Advance Ahead of Central Bank Decisions
Positive Start for European Markets European stocks, including France’s CAC 40 and Germany’s Dax, experienced early-morning gains, with the FTSE 100 in London also trading higher. Investors were positioning themselves…
Airbnb Settles Italian Tax Probe with €576 Million Payment
Italian Authorities and Airbnb Agreement Airbnb has agreed to pay €576 million to settle a tax dispute with Italian authorities covering the period from 2017 to 2021. This resolution comes…
US Inflation Dampens Rate Cut Expectations
Anticipation and Disappointment: The Fed’s Monetary Policy Decision As investors eagerly await the latest monetary policy decision from the US Federal Reserve (Fed), the country’s inflation figures, released one day…
Inflation Data Stifles Rate Cut Expectations in the US
Anticipation surrounds the US inflation figures, particularly on the eve of the Federal Reserve’s impending monetary policy decision. The hope for a near-future interest rate cut, seen as a potential…
EU Retreats from Plan to Tax Frozen Russian Assets Amid Legal Concerns
In a significant policy shift, the European Union (EU) has decided to segregate frozen Russian central bank assets held within the EU, abandoning previous commitments to utilize windfall profits for…
Decoding the Digital Euro Dilemma: EU Lawmakers Divided
The European Central Bank’s contemplation of introducing a digital euro has sparked a lively debate among EU lawmakers, with some expressing skepticism and others pushing for its acceptance. The parliamentary…