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Day: August 1, 2024

Gold Hits Two-week High after Fed Chief’s Rate Statements

August 1, 2024Web Desk

Gold prices climbed to a two-week high on Thursday as US Federal Reserve Chair Jerome Powell opened the door to cutting interest rates as early as September.

Spot gold was steady at $2,448.38 per ounce, after hitting its highest level since July 18 e…

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Qatar Defeats Oman in GCC Youth Basketball Championship

August 1, 2024Web Desk

The Qatari team beat the Omani team 111-57 in their match on Thursday, as part of the Gulf Youth Basketball Championship under 18 years, hosted by Kuwait and will conclude on Friday.

The Qatari team succeeded in achieving the third consecutive victor…

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Tokyo Stocks Tumble as Yen Rises Against Dollar

August 1, 2024Web Desk

Tokyo stocks tumbled Thursday at the close of trading Thursday, as key sectors including real estate and exporting companies declined, amid a rise in the value of the yen against the dollar.

The 225-issue Nikkei Stock Average ended down 975.49 points…

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Yen Rises, Dollar Falls as Federal Reserve Signals Rate Cut

August 1, 2024Web Desk

The US dollar declined today after the Federal Reserve (US Central Bank) kept the door open for a rate cut in September, helping stabilize the yen near its highest level since March following the Bank of Japan’s shift towards a tightening policy The y…

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Function held for Hamas leader Haniyeh in Tehran

August 1, 2024Web Desk

A function was held for Palestinian Hamas leader Ismail Haniyeh and his bodyguard, in the Iranian capital, Tehran, Thursday, with the participation of senior Iranian officials and large crowds of citizens.

Iran Supreme Leader Khamenei led the prayers…

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At least 30 dead, 35 missing after typhoon-induced rains in China

August 1, 2024Web Desk

Some 30 people had been confirmed dead and 35 others remained missing as of Thursday after typhoon-induced rains lashed central China’s Hunan Province last week, state-run Xinhua News Agency reported, citing local authorities.

According to the flood …

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