Business News
Stay informed with the latest business and economic developments shaping markets and economies around the world. SkyPress covers major corporate developments, economic events, financial markets, commodities, central bank decisions, and other news that can influence businesses, investors, and consumers.
GBP/USD Under Pressure: Strong NFP Data Boosts Dollar, Weakens Sterling
GBP/USD Slides as Strong US Jobs Data Reinforces Fed’s Hawkish Pause The GBP/USD currency pair came under renewed pressure at the end of the week, extending its decline after a surprisingly strong US labor market report reshaped expectations around Federal Reserve policy. The pair’s downward movement reflects a broader resurgence in US Dollar strength, driven…
Top Countries By Central Bank Reserves
Global Foreign Exchange Reserves: Which Countries Hold the Largest Financial Buffers? September 2026 — Foreign exchange reserves are one of the most important financial buffers held by central banks. They can help countries meet external payment obligations, support financial stability, provide liquidity during periods of market stress and, in some circumstances, assist with foreign-exchange market…
Kenya From the Shelves: What Consumer Prices Reveal About the Economy
Processed Goods Price Change in Kenya: A Nation Grapples with Rising Costs as Tech Startup Secures Funding to Tackle Supply Chain Woes NAIROBI, Kenya – Shelves across Kenya are telling a story of economic strain. The price of everyday processed goods—from maize flour and cooking oil to bread and milk—has climbed relentlessly, squeezing…
