Economy News

China plans record $411 billion special treasury bond issuance next year, sources say

Funds to boost consumption, innovation, recapitalise state banks

UAE announces minimum 6-month gap between consecutive price hikes of 9 basic goods

Starting January 2, 2025, retailers prohibited from increasing prices of 9 basic consumer goods

UAE and Croatia explore opportunities to bolster bilateral economic and trade relations

UAE-Croatia non-oil trade increased 44.8% in H1 2024, reaching $78.9 million

Swiss business gets Christmas bonus from EU trade deal

Switzerland’s economy was already tipped to outperform its neighbours

Biden launches new US trade probe into legacy Chinese chips

US trade probe targets mature chips powering autos, appliances

UK economy flat-lined in Q3, in new setback for government

Zero growth in UK GDP in Q3 vs previous estimate of 0.1%

Even in the euro zone, king cash is about to lose its throne

Cash accounts for just over half of all transactions in the bloc

UAE economy to be ‘star performer’ in the region — Swiss bank

Lombard Odier sees a buoyant GCC outlook, in the absence of any geopolitical escalation in the Middle East

Powell has a long to-do list for his last full year as Fed chief

Main challenge is deciding where to stop rate cuts

Fed looks set to tweak reverse repo rate to speed exit of cash

Reverse repo rate could drop more than Fed policy rate