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US Mortgage rates have climbed back above the 7% threshold, stalling the U.S. housing market at the start of 2025. The average rate for a 30-year fixed mortgage reached 7.04% last week, marking the highest level since May 2024, according

A severe storm named Éowyn has brought extreme weather conditions to the United Kingdom and Ireland, disrupting travel and power supplies across the region. Winds reaching speeds of up to 113 mph (182 km/h) and heavy rainfall have prompted authorities to issue

French authorities are warning about the growing prevalence of “erectile honey,” a dangerous black-market product containing a mix of honey and erectile dysfunction medications like sildenafil or tadalafil. This illicit product, often marketed in small sticks or vials, has flooded the

Germany’s DAX stock index reached a historic milestone on Tuesday, surpassing 20,000 points for the first time despite the country grappling with significant economic challenges. The index, which tracks 40 of Germany’s largest publicly traded companies, has defied domestic economic sentiment,

British wage growth remained robust in the three months to November 2024, despite increasing indications of a weakening labor market, according to data released on Tuesday. The figures reaffirm the Bank of England’s (BoE) current stance on interest rates as it

The Chinese yuan is under mounting pressure, reflecting the dual challenges of a resurgent U.S. dollar and rising concerns over the economic policies of incoming U.S. President Donald Trump. Market analysts suggest Beijing’s efforts to manage the currency’s decline while maintaining economic stability will be

BP, one of the world’s leading energy companies, announced on Thursday a significant workforce reduction as part of a broader cost-saving initiative. The British oil giant revealed that approximately 4,700 jobs will be cut this year, along with a reduction of 3,000

Bitcoin has surged past the $100,000 mark (now $98K), driven by a renewed appetite for risk assets following softer-than-expected U.S. inflation data according to Arab Crypto Insight. The milestone marks a significant rebound in the cryptocurrency  market, reflecting broader optimism across equities and

The 10-year U.S. Treasury yield reached a 14-month high on Monday, reflecting investor anticipation ahead of key inflation reports set for release this week. The yield climbed to 4.776%, marking its highest level since November 2023. The increase followed a strong jobs

Federal Reserve officials expressed concerns during their December meeting over potential inflationary pressures stemming from policies proposed by President-elect Donald Trump, according to minutes released Wednesday. The officials signaled a cautious approach to interest rate adjustments in light of significant uncertainties regarding