Worldwide

Xiaomi launches new AI-powered products in UAE

Company's market share in the Middle East has increased by 16%

FED: Tougher policies to curb inflation

Committee considers need for gradual adoption of further policy tightening

E-bikes promising but not really big money makers

Global e-bike sales could reach $40 to $120 bn by 2030

IMF: Escalating risks to global financial stability

It warned of a period of "high volatility" in financial markets

IMF cuts 2023 growth outlook: The worst is yet to come

The Arab Gulf economies are going against stagnation, inflation

Over 1 million Facebook users’ accounts compromised

Posing across a range of genres these apps include games, VPNs

Global Financial Markets in Brief Week October 4

Fed expects to raise interest rates by another 125 basis points this year

The IMF, World Bank, warn of a growing risk of a global recession

The IMF would cut global growth forecast by 2.9% in 2023

Three Americans awarded Nobel Prize in Economics 2022

For their work on banks and financial crises

Google unveils first-ever Pixel smartwatch

Company also updated its Pixel smatphones

US inflation data this week.. a decline, but!

US inflation rate remains at its highest level in 40 years.

IMF, World Bank meet amidst approaching global recession

Georgieva: Our global economy is like a ship sailing amid crashing waves

OPEC+ agrees on 2 million-barrel-a-day cut to output limit

White House: U.S. needs to be less dependent on OPEC+

Elon Musk takes another u-turn on Twitter

Musk agreed to pay price he initially offered before trying to quit deal

Climate change remains primary concern despite economic distractions

Despite increasing climate impacts, climate optimism grew to 48%

UNCTAD urges monetary easing to avert recession threat

The Conference lowered its growth forecast

Oil rebounds as OPEC+ weighs biggest output cut since 2020

Reports suggest coalition will reduce output by more than one million barrels

Credit Suisse and Deutsche Bank: Will the Lehman fall be repeated?

Credit Suisse tries reassuring investors as financial fears rise