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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…

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…

Gold price hits new record high

ISTANBUL: The price of gold reached a new record high on Wednesday, with an ounce trading close to $2,790 amid uncertainties surrounding the upcoming US elections on Nov. 5.

On Tuesday, gold hit a previous record of $2,771.73 per ounce, and it was tr…