Economy

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NEWS zawya

ZAWYA: DP World launches Egypt's first integrated logistics distribution centre at Sokhna

Marwa Abo AlmajdDubai-based global ports and logistics company DP World has launched Egypt's first fully integrated Logistics Distribution Centre (LDC) at Sokhna Logistics Park, marking a major milestone in the development of the country's logistics sector.The facility, located adjacent to Sokhna P…

Zawya en
Economy
trading-economics

US Mortgage Applications Remain Steady

The volume of mortgage applications in the US were unchanged from the previous week in the last full week of June, according to data compiled by the Mortgage Bankers Association.The stability was aligned with the lack of large changes in mortgage rates in the period, with that on the benchmark fixe…

Trading Economics en
Economy
trading-economics

US 30-Year Mortgage Rate Dips for a 2nd Week

The average US 30-year fixed mortgage rate for loans up to $806,500 fell to 6.57% in the week ended June 26, 2026, marking the lowest level in a month and the second straight weekly decline, per the Mortgage Bankers Association.Still, mortgage rates remained high even as long-term Treasury yields f…

Trading Economics en
Economy
NEWS reuters

Nigeria's unreported spending equals 2% of GDP, IMF official says

Nigeria had about 2% of GDP worth of public spending not recorded in recent official budgets, creating a gap between its reported deficit and actual financing needs, IMF resident representative in Nigeria Christian Ebeke said on Wednesday.

Reuters en
Economy
dpa_afx

UK Manufacturing Growth Softens

LONDON (dpa-AFX) - The upturn in the UK manufacturing softened in June amid slowing new order growth and tepid optimism, final data from S&P Global revealed Wednesday.The final manufacturing Purchasing Managers' Index declined to 52.5 in June from 53.9 in May. The initial score for June was 53.1.'S…

dpa-AFX en
Economy
dow-jones

Eurozone Inflation Cements ECB Hold in July — Market Talk

The European Central Bank is unlikely to raise interest rates in July following a soft inflation print, Tomas Dvorak at Oxford Economics says in a note. Eurozone inflation slowed more than expected in June to 2.8% from 3.2% in May. Services inflation also eased to 3.2%. "We think the decline is suf…

Dow Jones Newswires en
Economy
NEWS reuters

Indonesia rice prices rise for six months in a row despite record stocks

Indonesia's rice prices have steadily increased in the past six months despite the state logistics agency Bulog holding record amounts of stock, compiled data from the statistics bureau showed.Bulog said the agency held 5.4 million metric tons by late June this year, compared to 3.25 million tons a…

Reuters en
Economy
dow-jones

Meatpacker Aid; Hydrogen Project Scrapped; Lunar Logistics

Sponsored byU.S. Plans Aid for Smaller Meatpackers; Air Products Scraps Bayou Hydrogen Project; Lunar Logistics By Mark R. Long | WSJ Logistics ReportThe Trump administration is prepping a financial lifeline for smaller meatpackers struggling with dwindling cattle supplies, which have sent beef pri…

Dow Jones Newswires en
EconomyFuturesStocksUS
NEWS reuters

Indonesia's 50% biodiesel blending rate takes effect

Indonesia's new 50% biodiesel blending mandate took effect on Wednesday, requiring a fuel blend of half palm-based diesel and conventional diesel known as B50, even as stakeholders await a revised biodiesel allocation from the government.In an effort to achieve energy independence, Indonesia increa…

Reuters en
Economy

Norway offshore workers, employers enter mediation to avert strike

Norwegian unions representing offshore drilling rig and floating platform workers entered state-mediated wage talks on Wednesday, aiming to avert a strike from Friday that could affect parts of the country's oil and gas sector.The three unions, Styrke, Safe and DSO, have said more than 600 members…

Reuters en
EconomyFuturesStocksNO
NEWS reuters

Europe's solar boom is masking a growing strain on power markets: Maguire

By Gavin MaguireEurope's solar sector is scaling new heights - yet the region's power markets are showing signs of growing stress.Solar generation across the European Union is on track to hit fresh records this year, as capacity additions continue at a breakneck pace and favorable weather boosts ou…

Reuters en
Economy
NEWS reuters

TABLE-Mortgage Bankers' Assn. Weekly Applications Survey

July 1 (Reuters) - U.S. Mortgage Bankers Association issues latest Weekly Applications Survey. Indexes are seasonally adjusted. Percent changes for indexes and basis point change in mortgage rate are from the prior week.CURRENT WEEK INDEX PERCENT…

Reuters en
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