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Germany’s economic contraction persisted in December, marking the sixth consecutive month of declining business activity, according to the HCOB German flash composite Purchasing Managers’ Index (PMI). The latest data highlighted ongoing challenges across key sectors, underscoring sustained weaknesses in Europe’s

The United Kingdom’s retail sector is facing significant challenges following recent budget announcements, with increased financial pressures and a rise in insolvencies among retailers. The October 2024 budget, introduced by Chancellor Rachel Reeves, implemented substantial tax increases, including a rise

Japan’s government has approved a record 115.54 trillion yen ($730 billion) draft budget for fiscal year 2025. The new budget, set to begin in April 2025, surpasses the previous record of 114.38 trillion yen established in fiscal 2023. According to

Russia has declared a national state of emergency following a significant oil spill in the Black Sea, which was caused by two separate incidents involving Russian tankers. On December 15, a severe storm struck the Black Sea, causing two Russian-flagged

The Department of Health – Abu Dhabi (DoH), in partnership with the Authority of Social Contribution – Ma’an, has allocated over AED 19 million in grants to drive advancements in healthcare research and innovation. This funding, distributed through the Healthcare

Bitcoin prices fell despite MicroStrategy Inc.’s ongoing efforts to bolster its cryptocurrency holdings through additional share offerings. The digital asset declined approximately 3% to $95,420 as of 7:12 a.m. in New York on Thursday, reflecting broader market volatility. A composite

Russia has begun utilizing Bitcoin and other cryptocurrencies for international payments as part of its efforts to mitigate the impact of Western sanctions, according to Finance Minister Anton Siluanov. The move follows legislative changes enabling the use of digital currencies

The Japanese government has announced plans to reduce greenhouse gas emissions by 60 percent by fiscal year 2035, using 2013 as the baseline. The decision, approved on Tuesday, was finalized during a joint meeting involving the Environment Ministry and the

The United States has launched an investigation into China’s semiconductor industry, citing concerns over anti-competitive practices that could undermine U.S. economic and national security interests. The probe, announced by the Office of the U.S. Trade Representative (USTR), comes just weeks

President-elect Donald Trump has appointed Indian-American entrepreneur Sriram Krishnan as Senior White House Policy Advisor on Artificial Intelligence (AI). Krishnan is set to collaborate with David Sacks, who has been named White House AI and Crypto Czar, to oversee AI