Browsing: Business

Colombia has secured $200 million in emergency budget support from the World Bank Group to fund urgent infrastructure repairs and disaster recovery efforts following recent seismic activity. The additional credit facility enhances the country’s disaster risk financing strategies, allowing municipal

– According to the International Monetary Fund, artificial intelligence is increasingly influencing economic expansion, investment patterns, and workforce dynamics. The IMF reported that AI-related technology expenditures contributed approximately 0.5 percentage points to U.S. GDP growth in 2025. Estimates cited by

– Oil prices experienced a notable rebound Monday following a sharp decline that saw Brent crude hit its lowest point in nearly two weeks. The November Brent settled at $100.34 a barrel, reflecting a decrease of $3.53, or 3.4%. Meanwhile,

India has cautioned Washington that proposed tariffs targeting nations importing Russian crude could jeopardize bilateral relations and disturb the global commodity trade. This warning was issued following the approval of the Sanctioning Russia and Iran Act of 2026 by the

At the conclusion of their policy session, Federal Reserve policymakers chose to keep key benchmark interest rates unchanged, releasing updated macroeconomic forecasts that address U.S. growth and inflation. The Federal Open Market Committee balanced ongoing consumer price pressures against steady

– On Wednesday, U.S. equities declined following the Federal Reserve raising its benchmark interest rate by 25 basis points, elevating the federal funds target range to 3.75% to 4.00%. The Dow Jones Industrial Average fell 631.21 points, or 1.21%, closing

– U.S. dollar surged to a seven-week peak on Thursday following the Federal Reserve’s decision to hike interest rates. The dollar index reached 100.36 against a basket of major currencies, gaining approximately 0.7% in the prior session. This marked its

– Costco has increased the online price of its Kirkland Signature full synthetic motor oil to $57.99 for a 10-quart package, which includes two 5-quart bottles and spans several common viscosity grades. The retailer also implemented a purchase restriction, allowing

– U.S. equities finished lower on Monday, weighed down by declines in artificial intelligence and semiconductor shares, which dampened major indices. The Dow Jones Industrial Average dropped 152.09 points, or 0.3%, closing at 52,421.20, while the S&P 500 declined 0.5%

– On Monday, the benchmark U.S. Treasury 10-year yield briefly exceeded 5%, reaching a level last observed in October 2023. Prior to that, yields had not remained above 5% since 2007. The rate later decreased, with the official Treasury curve