WASHINGTON (Reuters) – US consumer confidence fell more than expected in July amid an outbreak of COVID-19 infections across the country, threatening the economy’s recovery from an unprecedented recession caused by the pandemic. FILE PHOTO: A shopper is seen wearing a mask while shopping at a Walmart store in North …
Read More »Saudi Arabia posts $ 29 billion deficit in Q2 due to falling oil revenues
DUBAI (Reuters) – Saudi Arabia registered a deficit of 109.2 billion riyals ($ 29.12 billion) in the second quarter of this year as low oil prices hurt revenue, a report by the Ministry of Finance released Tuesday. FILE PHOTO: A Saudi flag flies over the Saudi Arabian consulate in Istanbul, …
Read More »The fall of the dollar king spreads throughout the world
(Reuters) – A rapid decline in the US dollar is reverberating around the world, adding fuel to a rebound in global momentum that has fueled prices for everything from tech stocks to gold. FILE PHOTO: Four thousand US dollars are counted by a bank counting currency at a bank in …
Read More »US arms maker Remington files for bankruptcy again
FILE PHOTO: Gun enthusiasts inspect Remington shotguns during the National Rifle Association (NRA) annual convention in Dallas, Texas, USA, May 5, 2018. REUTERS / Lucas Jackson (Reuters) – Remington Arms Co filed for Chapter 11 bankruptcy protection on Monday for the second time in two years as the U.S. arms …
Read More »Gold hits record, equities rise on hopes of stimulus
NEW YORK (Reuters) – Global equities benchmarks rose on Monday and gold rocketed to a record high on Monday as investors weighed in on expectations for another U.S. stimulus package with concern that mounting tensions between the United States and China will delay the recovery of the world economy. economy …
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