Saturday, May 18

Economy

Russia saw a surge in foreign tourism in the first quarter of 2024, with almost 219,000 arrivals recorded, according to the Association of Tour Operators of Russia (ATOR). Chinese tourists accounted for almost half of this figure.

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Western plans to either confiscate Russia’s frozen central bank reserves directly or use the profit they generate could undermine the global monetary system, the IMF has warned.

Charities controlled by members of the Rockefeller family and billionaire donors were behind a successful campaign to pressure US President Joe Biden into suspending new approvals of liquefied natural gas (LNG) exports, the Wall Street Journal reported this week, citing its sources.

Gold prices eased on Thursday as dollar ticked higher, with investors awaiting more cues on the timing of the U.S. Federal Reserve’s first interest rate cut this year, while palladium prices dropped to a fresh five-year low as demand concerns persist.

More than half of UAE employees (52%) say they would prefer working with an AI colleague over a human one, indicating that staff could respond well to a significant increase in the use of AI in the workplace.

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