Investors should consider commodities due to a “big change” involving international expansion, according to VanEck CEO Jan van Eck. “The world economy started growing again,” van Eck told CNBC’s “ETF Edge” this week. He singles out China, the world’s second-largest economy behind the U.S., as a key driver in the expansion. “China which has been … Read more
A view of the street after heavy rainfall as adverse weather conditions affect daily life in Dubai. Anadolu | Anadolu | Getty Images The National Center of Meteorology (NCM), a government taskforce responsible for cloud seeding missions in the United Arab Emirates, denied reports that it carried out the weather modification technique in the runup … Read more
Storms and heavy rain have caused flooding in some Gulf states, leading to the Tuesday closure of Dubai’s airport — one of the busiest in the world. The United Arab Emirates, usually known for its hot and sunny weather, reportedly saw over 100 mm of rain in a 24-hour period, marking a 75-year record since … Read more
People wade through submerged street after heavy rain in United Arab Emirates on April 16, 2024. Anadolu | Anadolu | Getty Images One of the world’s busiest airports temporarily halted operations as the United Arab Emirates experienced its heaviest rainfall on record. The downpour prompted flight cancellations and delays at Dubai’s international airport, with travelers … Read more
Janet Yellen, US treasury secretary, during a news conference at the Treasury Department in Washington, DC, US, on Tuesday, April 16, 2024. Tierney L. Cross | Bloomberg | Getty Images Treasury Secretary Janet Yellen said Tuesday that the U.S. is preparing new sanctions on Iran after the country launched hundreds of drones and missiles at … Read more
Crowds walk below neon signs on Nanjing Road. The street is the main shopping district of the city and one of the world’s busiest shopping districts. Nikada | E+ | Getty Images The International Monetary Fund on Tuesday slightly raised its global growth forecast, saying the economy had proven “surprisingly resilient” despite inflationary pressures and … Read more
Israel’s Iron Dome anti-missile system intercepts rockets launched from the Gaza Strip, as seen from the city of Ashkelon, Israel October 9, 2023. Amir Cohen | Reuters Israel has vowed to “exact a price” from Iran in retaliation for the large-scale aerial assault on the Jewish state this weekend — while some analysts expect Israel … Read more
TOPSHOT – The Apple iPhone 15 series is displayed for sale at The Grove Apple retail store on release day in Los Angeles, California, on September 22, 2023. (Photo by Patrick T. Fallon / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images) Patrick T. Fallon | Afp | Getty Images Apple iPhone shipments plunged … Read more
Assembly lines around the world are starting to hum again, marking a turn in a years-long manufacturing slump. The nascent industrial recovery is led by the world’s two biggest economies. Chinese manufacturing has made a strong start to the year, boosting the economic outlook, and US factory activity unexpectedly expanded last month for the first … Read more
People shelters from the rain beneath a Union flag-themed umbrella as they walk past spring flowers in blossom, in St James’s Park in central London on April 10, 2024. Justin Tallis | Afp | Getty Images LONDON — U.K. gross domestic product rose 0.1% in February, the Office for National Statistics said on Friday, providing … Read more
