'Global trade faces biggest disruption in 80 years' - WTO Chief
The share of global trade conducted under WTO rules has fallen to 72%, the lowest since the start of the year, as tariffs and geopolitical tensions di...
Gold remains stable after hitting a record high, fueled by economic concerns and geopolitical tensions. Investors await Fed updates.
Gold prices remained stable on Monday following a historic surge last week, driven by global geopolitical tensions and economic uncertainty. Spot gold was flat at $2,983.09 per ounce as of 0518 GMT, after hitting an all-time high of $3,004.86 on Friday. Meanwhile, U.S. gold futures dipped slightly by 0.3% to $2,992.30.
Analysts attribute gold’s strong momentum to stagflation concerns, heightened by inflationary pressures and fears of a potential U.S. recession. Kelvin Wong, senior market analyst at OANDA, noted that gold’s short-term outlook remains bullish, with resistance levels at $3,016 and $3,030.
Market uncertainty has been fuelled by concerns over U.S. tariffs, which have impacted consumer sentiment, alongside ongoing geopolitical tensions in the Middle East and Ukraine. However, a potential breakthrough in diplomatic efforts emerged as Donald Trump announced plans to discuss a ceasefire with Russian President Vladimir Putin.
Investors are now focused on the U.S. Federal Reserve’s upcoming monetary policy meeting, with Chair Jerome Powell’s comments on inflation and trade policies expected to influence gold’s trajectory. Gold has already gained 14% in 2025, reinforcing its status as a hedge against economic instability.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Tesla’s European sales have plunged for an eighth straight month, with sharp declines in France, Denmark and Sweden highlighting growing competition, consumer backlash against Elon Musk, and the company’s ageing product line.
YouTube TV and Fox have reached a distribution agreement that will keep Fox News, Fox Sports and other Fox channels available to subscribers, the companies confirmed on Thursday.
The S&P 500 and Dow Jones Industrial Average closed at record highs on Thursday (28 August), after Nvidia’s quarterly report fell short of investors’ lofty expectations but confirmed that demand for artificial intelligence (AI) infrastructure remains strong.
Malaysia Prime Minister Anwar Ibrahim said he intends to convene a summit of the Regional Comprehensive Economic Partnership in October, local media reported on Wednesday.
The Organisation for Economic Co-operation and Development (OECD) reported on Tuesday that G20 countries’ international goods trade rose slightly in the second quarter of 2025, mainly because imports into the United States fell sharply after rising in the first quarter.
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