The British pound has hit the lowest point since 1985, but governor of the Bank of England Mark Carney says it’s to be expected, and the bank is well prepared for this. Carney said: “Inevitably there will be a period of uncertainty. It will take some time to establish new relationships with Europe and the rest of the world. “The Bank of England will not hesitate to take additional measures, as required as markets adjust, and as the UK economy moves forward.”
Saudi Arabia forecasts deficit of $44 billion in 2026 budget
Saudi Arabia approved the kingdom's budget for 2026 with an estimated deficit of 165 billion riyals ($44 billion), the Saudi state news agency reported on Tuesday.
US holiday shoppers shake off economic blues for online spending spree
US consumers shrugged off worries about the economy after their Thanksgiving dinners and went on a $23.6 billion three-day online shopping frenzy that exceeded analyst expectations, kicking off the holiday season.
UAE, Kuwait sign MoU to expand space partnerships
The UAE and Kuwait have signed a Memorandum of Understanding (MoU) aimed at building a comprehensive framework for collaboration in space sciences, advanced research, and national capacity development.
Amazon and Google launch multicloud service for faster connectivity
Amazon and Google introduced a jointly developed multicloud networking service on Sunday to meet growing demand for reliable connectivity the companies said in a statement, at a time when even brief internet disruptions can cause major outages.
Airbus hit by new A320 quality problem after software recall
Airbus confirmed on Monday it faced an industrial quality issue with metal panels on some A320-family jets, in its latest challenge after a recall to fix a computer glitch.
