Browsing: Business

The European Union (EU) recorded a trade deficit in aluminium of €11.1 billion in 2024, as per newly published data from Eurostat. The EU imported €29.5 billion worth of aluminium and related articles, while exports totaled €18.4 billion, reflecting a

The value of electronic payments in the Republic of Korea reached a record high in 2024, reflecting the continued rise of contactless transactions amid widespread adoption of digital financial services, according to data released by the country’s central bank. Figures

World coffee prices surged to a multi-year high in 2024, climbing 38.8% compared to the previous year’s average, largely due to adverse weather conditions affecting key coffee-producing nations, the Food and Agriculture Organization of the United Nations (FAO) announced on

Billionaire Mukesh Ambani’s Jio Platforms Ltd. has signed a deal with SpaceX to distribute Starlink satellite internet services in India, just a day after rival Bharti Airtel Ltd. announced a similar agreement. This unexpected move shifts Elon Musk’s satellite internet

U.S. stock futures edged higher on Tuesday following a sharp sell-off on Wall Street driven by growing recession fears. Investors appeared to reassess economic conditions after Monday’s downturn, which saw major indices suffer significant losses. Futures linked to the Dow

The global battery market is experiencing significant growth, driven by soaring demand and declining prices, according to the International Energy Agency (IEA). The agency highlights that 2024 marked a turning point for the industry, with electric vehicle (EV) sales rising 25% to 17 million

The International Telecommunication Union (ITU) has announced that its Partner2Connect (P2C) Digital Coalition has reached $73 billion in pledges aimed at advancing universal and meaningful connectivity. The milestone, unveiled during Mobile World Congress 2025 (MWC 25) in Barcelona, underscores growing

Nvidia’s stock fell nearly 9% on Monday following confirmation from U.S. President Donald Trump that tariffs on imports from Canada and Mexico would take effect on Tuesday. The sharp decline erased approximately $265 billion from the company’s market value, bringing

The number of Americans filing for unemployment benefits rose to 242,000 for the week ending February 22, marking a three-month high, according to the U.S. Department of Labor. The increase of 22,000 from the previous week surpassed analysts’ expectations of

Apple defied India’s declining smartwatch market in 2024, posting a remarkable 141% increase in Apple Watch shipments. While the country’s overall smartwatch segment shrank by 30% year-on-year due to fading demand for budget models, Apple’s strong growth highlighted a shift