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The U.S. dollar posted strong gains in 2024, boosted by higher Treasury yields and a cautious Fed policy outlook, while markets braced for economic shifts under Trump’s administration.
Gold prices soared 26% in 2024, closing at $2,626 per ounce, fueled by U.S. Federal Reserve rate cuts and economic uncertainty, signaling a strong performance for safe-haven assets.
France’s ski industry faces closures of smaller resorts as rising costs, aging infrastructure, and climate change force operators to adapt or shut down. Larger resorts pivot to year-round activities.
Natural gas prices surged up to 20%, reaching their highest in nearly a year, as forecasts predict below-average January temperatures across the U.S. East Coast, driving energy demand.
In 2024, Germany shifted from a net electricity exporter to importer, driven by rising demand, fossil fuel reductions, and nuclear phase-out, highlighting energy transition challenges.
European stocks dropped as bond yields rose, with STOXX 600 down 0.3% amid inflation fears, policy uncertainty, and rate hike concerns as traders await ECB and Federal Reserve decisions.
Japan imported 27.16 million barrels of oil from the UAE in November 2024, representing 38.2 percent of its total imports, highlighting the UAE’s role in Japan’s energy security.
The World Meteorological Organization confirms 2024 is the warmest year on record, citing rising greenhouse gases and extreme weather events driven by human activities.
French business confidence has dropped for the third straight month, hitting its lowest level since July as fiscal uncertainty and political instability impact hiring and investment.
Germany’s economic contraction extended into December, marking six straight months of decline as weak manufacturing output offset modest stability in the services sector.