Browsing: Business

Colombia has obtained $200 million in urgent budget support from the World Bank Group to facilitate vital infrastructure repairs and disaster response after recent seismic events. This additional credit expands existing disaster risk financing mechanisms at the national level, allowing

– The International Monetary Fund reports that artificial intelligence is increasingly influencing economic expansion, investment activities, and labor markets. According to the IMF, technology expenditures related to AI contributed approximately 0.5 percentage points to U.S. GDP growth in 2025. Estimates

– Oil prices experienced a significant uptick Monday following a four-session downward trend, with Brent crude ending at its lowest point in nearly two weeks. The November Brent settled at $100.34 a barrel, representing a decrease of $3.53, or 3.4%.

India cautioned Washington that proposed tariffs targeting nations importing Russian crude oil could negatively impact bilateral relations and disturb the global commodity market. This warning came after the United States House of Representatives passed the Sanctioning Russia and Iran Act

At the conclusion of their policy meeting, Federal Reserve officials maintained the benchmark interest rates at current levels, accompanied by updated macroeconomic forecasts for the U.S. economy’s growth and inflation outlook. The Federal Open Market Committee considered ongoing consumer price

– U.S. equities closed lower on Wednesday after the Federal Reserve increased its benchmark interest rate by 25 basis points. This move pushed the federal funds target range to 3.75% to 4.00%. The Dow Jones Industrial Average declined 631.21 points,

– On Thursday, the U.S. dollar reached a seven-week high following the Federal Reserve’s decision to raise interest rates. The dollar index hit 100.36 against a basket of major currencies, marking a gain of approximately 0.7% from the previous session.

– Costco has increased the online retail price of its Kirkland Signature full synthetic motor oil to $57.99 for a 10-quart package, which includes two 5-quart bottles and spans several common viscosity grades. The retailer also introduced a purchase cap

– U.S. markets closed in the red Monday, with declines in artificial intelligence and semiconductor stocks weighing heavily on major indices. The S&P 500 dropped by 0.5% to 7,619.98. The Dow Jones Industrial Average declined 152.09 points, or 0.3%, finishing

– On Monday, the standard 10-year U.S. Treasury yield momentarily exceeded 5%, reaching a level last observed in October 2023. Prior to that, the yield had not remained above 5% since 2007. It subsequently eased back, with the official Treasury