Tag: xgloabalmarkets
German inflation has reached a four-decade high as a result of rising energy prices. In April, German inflation reached its highest level in more than four decades, fueled by natural gas and mineral oil prices that have skyrocketed since Russia’s attack on Ukraine. Consumer prices harmonised to make them comparable with inflation data from other […]
Scotland counts on solar energy to achieve climate goals by 2030 The Scottish government has expressed its commitment to including solar energy in its new strategy to achieve climate goals, after the ruling Scottish National Party announced last Friday the signing of a power-sharing agreement in the country with the Green Party. The document, issued […]
Ethiopia seeks to be a major player in the African arena through an ambitious plan to expand the field of renewable energy, and to export it to the Horn of Africa and East African countries on a large scale. The government announced an ambitious plan to invest $40 billion in building new infrastructure to produce […]
Residents of a small village in Senegal are resisting the disasters of climate change and global warming, and the severe drought that it caused, with a project to grow vegetables and employ the population, after digging a well to provide irrigation water, using renewable energy sources, such as solar energy, and working ecosystems. The project […]
The dollar has surged to a two-year high as a result of growth concerns and rate bets. The dollar soared to a two-year high on Tuesday, while the euro fell to its lowest level since March 2020, as investors worried about the economic impact of China’s COVID-19 lockdowns and rising expectations for a major U.S. […]
Oil prices fell more than 5%, during trading on Monday, to reach the lowest level in two weeks; The shutdowns in Shanghai have fueled demand fears. Oil prices continued their losses after ending their dealings last week with a decline of about 5%, with the growing fears of the prolonged closure of the Corona virus […]
Gold prices fell more than 33 dollars, during trading on Monday, to its lowest level in 4 weeks, supported by the rise in dollar prices. Gold’s decline came after bets on the US Federal Reserve’s approach to tighten monetary policy, strengthened the dollar, and pressured demand for the precious metal. Gold Prices Today The price […]
Europe is set to install a record capacity of offshore wind power this year, led by the United Kingdom, as the old continent seeks to boost energy supplies away from Russia. And energy research company Rystad Energy expects, in a report issued yesterday , Thursday, that the added capacity of offshore wind energy in Europe […]
Gold prices fell in trading today, Thursday; The recovery in US Treasury yields reduced the demand for safe haven bullion stemming from the Ukraine crisis and its potential impact on the global economy. Yesterday, Wednesday, gold prices ended their trading with a decline for the second consecutive session, hitting its lowest level in more than […]
Oil prices rose by more than 1.5%, during trading on Thursday, with the emergence of supply concerns due to a possible European Union embargo on Russian oil, days after the decline in supplies from Libya rocked the market. This comes amid tight supply fundamentals, with sentiment receiving additional support with a significant drawdown in US […]