Business
Gold prices edged higher on Thursday as a softer U.S. dollar supported bullion before fresh U.S. inflation data. Spot gold rose 0.3% to $4,414.28 an ounce by 0419 GMT. U.S. gold futures for December delivery slipped 0.1% to $4,457.20. The early gain kept spot gold above $4,400 after a sharp reversal during Wednesday’s trading. Gold had initially moved lower before finishing that session more than 1% higher.
Egypt’s net international reserves rose to a record $57.2145 billion at the end of August 2026. The Central Bank of Egypt released the provisional figure on September 7. Reserves stood at $56.2939 billion at the end of July. That means the total increased by about $920.6 million during August, or roughly 1.6%. The latest reading extends a series of monthly gains in 2026 and takes Egypt’s official foreign reserves above $57 billion for the first time.
The Panama Canal may reduce daily ship traffic to about 29 vessels in February or March 2027 if drought conditions continue, its new administrator said. Ilya Espino de Marotta took office on Sept. 7 and raised the possibility as El Niño pressures reservoir levels. The canal needs freshwater from rainfall-fed lakes to operate its locks. The Panama Canal Authority has already begun staged capacity cuts after below-expected precipitation across the watershed.
German automotive manufacturer Volkswagen AG agreed on Monday to sell its Osnabrück assembly plant to Israeli private equity firm Aurelius Capital and the German state of Lower Saxony. Under the preliminary agreement, the new owners will convert the vehicle manufacturing site into a dedicated security and defense production facility. The strategic transaction marks the first major industrial conversion of a German car factory to supply military hardware amid ongoing structural reorganization across Europe’s automotive sector. Israel Aurelius German state to take over VWs Osnabrueck plant defense projects to supply air defense equipment for European security markets.
The carrier’s seasonal performance highlights expanding passenger capacity and higher load factors across primary long-haul routes connecting North America, Europe, the Middle East, and the Asia-Pacific region. Operational updates released through international aviation channels indicate that forward bookings for the upcoming holiday travel window remain elevated across both premium cabins and economy class. Industry observers note that the sustained passenger volume underscores structural resilience across international long-haul aviation markets.
The iPhone Duo uses Super Retina XDR displays on both sides, with ProMotion and Always-On support. Apple rates peak outdoor brightness at 3,000 nits for both screens. A nano-texture finish on the inner panel reduces glare and makes the fold crease less visible, according to Apple. Grade 5 titanium forms the enclosure, while the precision hinge uses more than 100 components. Apple also gives the iPhone Duo an IP68 rating for water and dust resistance. Apple designed iOS 27.1 to work across the phone’s open and closed configurations. Split View lets users run two apps side by side, a first for the iPhone. Users can also open two windows of the same app and save app pairs for later use. The inner screen can show two Home Screen pages and a vertically scrolling Today View. Touch ID sits in the side button and works whether the device is open or folded.