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China’s Producer Price Index Increases by 5% in September

Baku:China’s producer price index (PPI), which tracks the costs of goods at the factory gate, increased by 5 percent year on year in September, as reported by the National Bureau of Statistics.

According to Emirates News Agency, the country’s consum…

Gold Prices Steady as Investors Await US Inflation Data

Baku:Spot gold prices remained stable on Wednesday as investors anticipated the release of the US consumer price index data, which is expected to provide insights into the Federal Reserve’s monetary policy direction.

According to Emirates News Agenc…

Dubai Basketball Triumphs Over Baskonia with Strong Second Half

Vitoria-Gasteiz:Dubai Basketball achieved their third EuroLeague victory this season with a commanding 93-79 win against Baskonia. The game took place during their fifth-round match in Vitoria-Gasteiz, Spain.

According to Emirates News Agency, Dubai…

IMF Chief Urges Increased Funding for Vulnerable States

Bangkok:The International Monetary Fund (IMF) Chief Kristalina Georgieva has urged member states to fulfill their funding commitments to the IMF’s Poverty Reduction and Growth Trust. This trust provides low- and zero-interest loans to low-income count…

Pope Leo XIV Undergoes Successful Lung Surgery

Baku:Pope Leo XIV has successfully undergone surgery to remove the lower lobe of his right lung. This procedure followed a diagnosis of lung adenocarcinoma, as announced by the Vatican on Tuesday.

According to Emirates News Agency, the 71-year-old p…

UAE Establishes Community-Managed Virtual Authority

Baku:A new Community-Managed Virtual Authority has been established under the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, as announced by His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minist…

Oil Prices Increase as Brent Crude Hits $106.58 Per Barrel

Baku:Oil prices rose in early Asian trading on Wednesday, with Brent crude futures increasing by 89 cents, or 0.8 percent, to reach $106.58 per barrel.

According to Emirates News Agency, US West Texas Intermediate (WTI) crude futures also experience…

China Boosts AI Economy with New ‘Token Factories’

Beijing:China is fast-tracking the establishment of “token factories” to enhance its artificial intelligence (AI) economy. These factories are being developed to build an economic system tailored for the AI era.

According to Xinhua News Agency, the …

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