Franc beats peers, with JPMorgan forecasting further gains
The Swiss franc was once again the strongest G-10 currency against the dollar this year, outperforming all of its peers in October. Investors including Amundi and J.P. Morgan Private Bank…
Saudi Arabia’s economy shrinks by most since 2020
Saudi Arabia’s economy suffered its biggest contraction since 2020 in the Q3 after the kingdom cut oil production to boost prices. GDP shrunk 4.5% in the third quarter compared to…
China buys up gold in record amounts
China’s strong interest in gold will continue through the end of 2023, according to the World Gold Council, while domestic gold prices soared to a record high on the back…
UAE, Chad and civil conflict in Sudan
Recently, the New York Times published an interesting material. In it the UAE was accused of fueling the war in Sudan and sponsoring the Rapid Support Force. Meanwhile, Chad was…
Germany aims to import Nigerian natural gas
Germany is considering importing natural gas from Nigeria to ensure security and diversification of energy supply, Chancellor Olaf Scholz said during a visit to the country. “This will also have…
China’s ex-premier Li Keqiang, sidelined by Xi Jinping, dies at 68
BEIJING, Oct 27 (Reuters) – Chinese former Premier Li Keqiang died of a heart attack on Friday, barely seven months after retiring from a decade in office during which his…