By K Raveendran India is leading a global recovery in gold jewellery. This is despite the fact that gold prices have hit a five-month high. The demand engine is driven by urban consumers, encouraged by a return to pre-covid levels of economic activity. Rural consumers were more cautious as their inflation outpaced that of their […]
The post India Leads World Gold Jewellery Demand Recovery After Covid Blues first appeared on IPA Newspack.
By Anjan Roy The global oil market is entering a critical phase as the European Union’s price cap for Russian oils comes into immediate effect. The EU has set a price cap of $60 per barrel for Russian oils. Oil prices have hovered around $80 per barrel, and the EU price is not far below […]
The post Western Price Cap On Russian Oil May Lead To Further Global Recessionary Pressure first appeared on IPA Newspack.
By K Raveendran The price cap of $60 for Russian crude is coming into force full steam, with EU countries joining the G-7 and American punitive measure aimed at squeezing out Moscow’s financial resources so as to force it abandon the Ukraine war. A few countries, such as Poland, had initially refused to toe the […]
The post EU Price Cap Of $60 For Russian Oil Takes Hold, Advantage For India first appeared on IPA Newspack.
Arabian Post Staff In the face of the COVID-19 pandemic, a new Gulf consumer is emerging, one with shifting financial sentiments and spending habits, says a McKinsey report. According to its latest Middle East Consumer Sentiment Survey, UAE and Saudi Arabia shoppers are becoming more price sensitive. Twenty-seven percent of UAE respondents earning less than 7,000 dirhams ($1,905) a year reported a preference for trading down in […]
