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Last week’s release of the March CPI report revealed that inflation remains on its downward path. Headline inflation has dropped materially, falling from 9% last summer to 5% in March, driven in large part by a drop in oil and food prices. Core inflation, which excludes volatile energy and food costs and serves as the […]

The stock market rally took a breather last week. The Dow Jones Industrial Average rose 0.6%, the S&P 500 index dipped 0.1%, the Nasdaq fell 1.1% and the Russell 2000 slumped 2.5%. U.S. labor data came in mixed on April 7th. Nonfarm payrolls rose by 236,000, just below estimates for 240,000 and down from February’s

There could hardly be a more appropriate description for the first quarter of 2023 than the title of the movie that won this year’s Academy Award for Best Picture. It felt like some significant economic shift was happening every time you blinked – a rate hike, a collapsing bank, or a surge in the crypto

Saudi Arabia’s Kamal Osman Jamjoom Group on Tuesday signed a master franchise agreement with Subway in the UAE as the restaurant brand seeks to expand its footprint in the region. The deal marked the start of a new chapter for Subway in the UAE as it seeks to expand its footprint and remain competitive in

It is impossible to predict the macro zeitgeist in real time as a global political event of such seismic importance unfolds before my Bloomberg screen. So I go all cash and fly to Munich not to seek peace in our time but to revisit loony King Ludwig’s Bavarian Gothic fairy tales castles, the cafes of

Prince Abdulaziz bin Salman is the first member of the House of Saud to hold the position of Oil Minister in the history of the kingdom. His appointment is a signal that Saudi Arabian wants to nudge crude oil prices higher from their current $60 – $62 Brent range to at least $70 – 80

The political drama in Westminster last week was pure Sophocles, as nemesis gutted Boris Johnson’s hubris. Boris Johnson’s agenda for a “do or die” hard Brexit was killed by two humiliating defeats in the House of Commons parliamentary votes and a bitter schism in the Conservative Party (and the UK Cabinet) after the Prime Minister

It is dangerous to speak truth to power in a time of cholera. It is dangerous to tell the truth, to call billionaire oligarchs who have looted state owned banks “crooked”, to call the Maharajah’s political courtiers “venal”, to criticize religious intolerance when a lifelong RSS zealot is the Indian Prime Minister. So Raghuram Rajan,

Australia’s largest privately owned hotel management company StayWell Hospitality Group (SWHG) today announced the signing of a management agreement to open and operate the company’s first Park Regisproperties in Makkah Saudi Arabia. Expected to open in the second quarter of 2018, the remarkable two hotels boast 286 and 344 guest rooms respectively (630 rooms in total).