Browsing: Business

U.S. consumer prices fell 0.4% in June as annual inflation slowed to 3.5%, driven by lower gasoline and broader energy costs nationwide. The post US inflation falls to 3.5% as energy prices retreat appeared first on Arabian Observer: Observe more. Understand Arabia..

India is reviewing about 100 imported products across six sectors as officials assess domestic manufacturing gaps using detailed trade data. The post India reviews 100 imports for domestic manufacturing appeared first on Arabian Observer: Observe more. Understand Arabia..

EIB Group approves €17.4 billion for energy, nuclear upgrades, transport, business finance and Ukraine border links across Europe and partner markets this year. The post EIB approves investment in grids and nuclear power appeared first on Arabian Observer: Observe more. Understand Arabia..

Egypt’s net international reserves reached a record $55.07 billion in June 2026, rising nearly $2 billion from May, central bank data showed. The post Egypt foreign reserves reach record $55.07 billion in June appeared first on Arabian Observer: Observe more. Understand Arabia..

Volkswagen is reviewing up to 100,000 global job cuts, including 50,000 positions already covered by German agreements through 2030. The post Volkswagen reviews up to 100,000 global job cuts appeared first on Arabian Observer: Observe more. Understand Arabia..

EU Council approval completes the bloc’s process for the EU-Mexico interim trade agreement, now pending Mexico’s domestic procedures. The post EU Council clears modernised interim trade pact with Mexico appeared first on Arabian Observer: Observe more. Understand Arabia..

Donald Trump and Iraqi Prime Minister Ali al-Zaidi discuss wider US cooperation in oil, gas, power, trade and private investment across Iraq. The post US and Iraq expand economic and energy cooperation appeared first on Arabian Observer: Observe more. Understand Arabia..

US stocks ended lower after oil prices surged and chipmakers sold off, leaving the Nasdaq with the steepest decline among major indexes.

Brent crude jumped 9.6% to $83.30 and WTI rose 9.4% to $78.14 as Gulf shipping disruption drove a broad rally across global oil markets.

Gold prices recovered from a two-week low after a 3% selloff linked to rising oil, inflation pressure and stronger rate hike bets.