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World Street | Saudi Aramco cash jab, Red Sea ruckus, Apple beats Samsung, China blues, Sheryl Sandberg exits Meta

From Chinas economic growth missing analysts expectations, Saudi Aramco boosting its Ventures unit, Apple dethroning Samsung to Airbus Ascendancy, Sandberg leaving Meta board and YouTubes job cuts, heres a look at recent business developments around the world.
Israel General Saudi Arabia Red Sea Djibouti General Palestinian Hamas Sheryl Sandberg

Two wars, 50 elections: The economy faces rising geopolitical risks

Attacks on shipping traffic in Red Sea are adding to instability into global economy that is already struggling with geopolitical tensions. While Israel-Gaza war, Ukraine conflict following the Covid pandemic crisis have dealt severe blows, theres more volatility ahead in the form of a slew of national elections where more than 2 billion people, including Indians, will go to polls.
Bruxelles Capitale Gaza Strip United Kingdom South Africa United States Red Sea

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India s GDP Growth To Print At 7 0 In Q2FY24 Exceeding MPC s Estimates - BW Businessworld

With a palpable slowdown of major economies globally, export competitiveness seems to have hit a temporary roadblock, , global growth, geopolitical risks, global financial conditions, india, gross domestic product, gdp growth, indian economy, economic growth
Aditi Nayar Monetary Policy Committee State Bank Reserve Bank Chief Economist Global Growth

Eroding geopolitical risk premium not in favour of gold's appeal

The yellow metal was down 0.60% on the week. The ten-year US yields fell 1.82% to 4.58% on Friday and slumped nearly 6% on the week. Likewise, the two-year yields settled 3% lower at 4.84% on the week. The US Dollar fell 1.07% to 105.06 on Friday as it recorded a weekly loss of around 1.50%.
United Kingdom United States University Of Michigan Services Index State Blinken Employment Index

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