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October 30, 2024

Gold demand worldwide rises to record high of over $100B in Q3

ISTANBUL: Global gold demand rose 5% on an annual basis in the third quarter of the year to a little over 1,300 tons, coming at over $100 billion for the first time, the World Gold Council said on Wednesday.

While global demand this quarter saw a rec…

China challenges EU tariff hike on electric cars at WTO

ISTANBUL: China has filed a case at the World Trade Organization (WTO) over the EU’s tariff hike on electric car imports, the Chinese Commerce Ministry said on Wednesday.

The EU Commission announced on Tuesday that its subsidy investigation into elec…

Spain’s annual inflation in October exceeds forecasts

ISTANBUL: The annual inflation rate was at 1.8% in Spain in October, up from 1.5% in September, the country’s statistical office INE said on Wednesday.

The market expectation for October was 1.7%.

In October, food and non-alcoholic beverage prices i…