Browsing: Business

Global goods trade saw a notable increase in the first quarter of 2025, according to the latest report from the World Trade Organization (WTO). The rise was largely attributed to importers accelerating purchases in anticipation of higher tariffs later in

India’s total exports have reached a record high of $825 billion for the financial year 2023-2024, marking a significant year-on-year growth of 6.3 percent, according to Union Finance Minister Nirmala Sitharaman. The announcement was made during the Exim Bank Trade Conclave

Oil prices dropped sharply on Tuesday following remarks by U.S. President Donald Trump indicating that China can continue purchasing oil from Iran. The statement signals a potential shift in Washington’s “maximum pressure” policy against Tehran, coming in the wake of a fragile ceasefire agreement between Israel and Iran.

Foreign currency deposits in the Republic of Korea recorded their first increase in four months during May, supported by a rise in deposits at securities firms and the temporary placement of corporate overseas investment funds, according to official data released on Monday.

Renewable energy sources accounted for 42.5% of the European Union’s net electricity generation in the first quarter of 2025, marking a decline of 4.3 percentage points compared to the same period in 2024, according to data released by Eurostat, the official statistical

The price of Kuwaiti crude oil increased by $1.29 on Thursday, reaching $77.46 per barrel, according to a statement issued by the Kuwait Petroleum Corporation on Friday. This marks a notable rise from the previous day’s closing price of $76.17 per barrel. The movement

Global foreign direct investment (FDI) rose by 4 percent in 2024 to reach US$1.5 trillion, according to the World Investment Report 2025 released by the United Nations Conference on Trade and Development (UNCTAD) on Thursday. However, the headline increase masks a

The European Commission has estimated that the European Union will need to invest €241 billion in nuclear energy infrastructure by 2050 to meet its climate neutrality and decarbonisation targets. The figure was outlined in the Commission’s latest nuclear illustrative programme (PINC), released on Tuesday,

Japan recorded a trade deficit of 637.6 billion yen ($4.4 billion) in May, marking the second consecutive month of red ink as exports declined amid falling demand for automobiles in the United States, according to data released Wednesday by the Ministry

The United Arab Emirates’ real gross domestic product (GDP) reached AED1,776 billion in 2024, reflecting a year-on-year growth rate of 4 percent, according to figures released by the Federal Competitiveness and Statistics Centre. This expansion underscores the continued momentum in