UAE banks are proving they do not need high interest rates to make money. The first lenders to report third-quarter results — Abu Dhabi Commercial Bank, Emirates NBD, Commercial Bank of Dubai and…

Gold was supposed to be the safe asset in a week of chaos. Instead it crashed. The gold price fell 3.63 per cent, with spot gold breaking below $3,900 to $3,874.58 an ounce,…

While almost every other asset fell this week, oil climbed. Brent crude settled at $117.63 a barrel, up 2.4 per cent on the day, after Iran’s Revolutionary Guard said four tankers had caught…

The Federal Reserve held its benchmark interest rate steady at 3.75 to 4.00 per cent this week, but the calm headline hid an unusually divided committee. Two officials, Lisa Cook and Beth Hammack,…

The Bitcoin price is closing October the way its traders least expected: in the red, again. The world’s largest cryptocurrency fell toward $77,000 heading into the month’s final session, touching $77,646 on Thursday…

The cryptocurrency industry is reeling from the Binance hack, the largest theft in its history. Binance, the world’s biggest crypto exchange, has confirmed that attackers withdrew approximately $6.3 billion from its wallets, operating…

New York has passed a law restricting how AI chatbots can interact with children, in what became the most widely reported AI story in the world this week, carried by dozens of independent…

Canada and the European Union have launched a new strategic alliance, unveiled in Montreal, that binds Ottawa more closely to Brussels on trade, defence support and critical technology. The partnership is a direct…