Customers at a bakery in Korolyov, Russia. Agence France-Presse
Russia’s central bank (CB) kept rates unchanged at a record low, deciding against further rate cuts as inflation accelerates and risks rise of fresh sanctions against Moscow, but said a rate cut was still possible later this year.
US underlying consumer prices increased solidly in August, leading to the largest annual gain in a year, but rising inflation is unlikely to deter the Federal Reserve from cutting interest rates again next week to support a slowing economy.
South Korea’s consumer inflation faltered to its slowest on record in August while second quarter economic growth was revised down on weaker exports, firming up the case for central bank rate cuts as early as next month.
His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Tuesday met Audrey Azoulay,
The Republic of Gabon on Monday agreed a landmark agreement at Expo 2020 Dubai to promote trade, investments and economic cooperation between African state and the Republic of India.
The total value of UAE’s non-oil trade over the past 50 years stood at Dhs18.3 trillion ($5 trillion), including Dhs11.8 trillion in imports, Dhs2.2 trillion in non-oil exports,