Browsing: Business

Gold’s rebound above $5,000 to near $5,078 followed steep early-February losses and record January highs, with the softer U.S. dollar in focus for metal buyers.

IEA says global electricity demand will grow over 3.5% a year to 2030, needing about 50% higher annual grid investment to keep reliability worldwide as EV rise.

ECB kept interest rates unchanged at 2 percent as eurozone growth stayed resilient, inflation fell to 1.7 percent and unemployment remained near record lows.

Italy’s annual inflation slowed to 1.0% in January, Istat said, as food and services kept prices rising while goods fell and core inflation stayed 1.8% in 2026.

Bank of England kept Bank Rate at 3.75% in a 5 to 4 vote, holding policy tight, as UK inflation stood at 3.4% in December 2025. Next MPC decision March 19, 2026.

UK house prices rose in January as affordability improved, with Nationwide reporting a 0.3% monthly rise and 1.0% annual growth, average £270,873 in the UK too.

UK inflation rose to 3.4% in December ending a five-month decline, as the Bank of England heads into its Feb. 5 rate decision at 3.75%. ONS noted 0.4% rise m/m.

Silver suffered a record daily fall as volatility spiked, while gold posted its steepest drop in decades, sending shockwaves through global commodities trading.

Antonio Guterres points to the India EU trade agreement as he urges support for multipolarity, saying global challenges need inclusive cooperation under the UN Charter.

India and the European Union concluded a free trade agreement on Jan 27, 2026, as EU companies cite tariff cuts and easier market access for goods and services.