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October 11, 2024

Bank of Korea conducts 1st policy pivot in over 3 yrs

The Republic of Korea’s central bank on Friday cut its key benchmark interest rate, its first pivot in its yearslong monetary tightening mode, as inflation continued to moderate and the property market showed signs of cooling, reported Yonhap News Ag…

UN warns of escalating violence in Middle East

Senior UN officials warned of a dangerous uptick in violence in the Middle East as delegates echoed their calls for a ceasefire, de-escalation and diplomacy.

“The conflict in Lebanon, coupled with intensified strikes in Syria and the raging violence…

Cabinet approves UAE’s stance on AI policy

The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has approved the country’s official stance on artificial intelligence (AI) policy internationally.

Developed jointly b…

Kuwait oil price down to $77.29 pb

The Kuwaiti oil price fell 33 cents to US$77.29 per barrel (pb) on Thursday, compared to US$77.62 pb the previous day, state news agency (KUNA) reported, citing the Kuwait Petroleum Corporation (KPC) on Friday.

Globally, the price of Brent crude wen…

Hurricane Milton kills at least 11 in Florida

MIAMI: Authorities in Florida confirmed that Hurricane Milton, which struck the state’s coast over the past two days, has claimed at least 11 lives. The Police Chief warned that the death toll could rise further.

The Miami Herald reported that over t…