International

Oil prices are likely to be constrained near $70 a barrel in 2025 as weak demand from China and rising global supplies are expected to cast a shadow on OPEC+-led efforts ...

World stocks held steady on Tuesday in cautious year-end trading that has seen investors bracing for the incoming Donald Trump administration by scaling back bets on deep US interest rate ...

Egypt’s GDP growth rate was 3.5 per cent in the first quarter of its 2024/25 year, the planning ministry said on Tuesday. This represents an increase from the rate of 2.7 per ...

Kuwait will impose a minimum top-up tax (DMTT) of 15 per cent on multinational enterprises operating in the country, starting in January, the finance ministry said this week. The finance ministry ...

Greece on Tuesday successfully raised €600 million through a three-month treasury bill auction, according to the Public Debt Management Agency (PDMA). The bills were sold at a yield of 3.00 per cent, ...

Gradual interest rate cuts in Turkey next year will boost the banking sector and support demand for Turkish lira assets, Garanti BBVA (GARAN.IS) bank Chief Executive Mahmut Akten said ...

Global property catastrophe reinsurance rates will fall 5 per cent to 15 per cent on Jan. 1 for books of businesses which have not suffered losses, reinsurance broker Guy Carpenter has said, as ...

South Korea’s factory output fell more sharply than expected in November, government data showed on Monday, amid slowing exports and weakening business confidence. The industrial output index (KRIO=ECI) ...

Gold prices slipped in thin trade on Monday, as markets awaited next week’s US economic data and the potential impact of President-elect Donald Trump’s return to office on ...

The International Air Transport Association (IATA) has released new estimates for sustainable aviation fuel (SAF) production, revealing slower-than-expected growth. In 2024, SAF production reached 1 million tonnes (1.3 billion litres), doubling the 0.5 million ...

The value of Portuguese homes that changed hands in the third quarter rose 28 per cent to a record 9.05 billion euros ($1.04 billion), potentially aggravating a shortage of affordable housing, as interest ...

Toyota Motor’s (7203.T) global production decreased for a 10th straight month in November, the Japanese carmaker said, although its worldwide sales grew for the second consecutive month on solid ...

New Nike (NKE.N) CEO Elliott Hill’s plan to refocus on sports that are core to its brand like basketball and running allayed some investor worries on December 20, but ...

It’s been a brutal year to be in the battery metals business. Prices of lithium, nickel and cobalt collapsed in 2023 and have continued grinding steadily lower over the course ...

British business confidence fell to its lowest level of 2024 in December but employers were a bit more optimistic about the wider economy, while separate data showed a pre-Christmas rise in ...

Japan’s government is set to compile a record $735 billion budget for the fiscal year from April due to larger social security and debt-servicing costs, adding to the industrial world’...

By Ioannis Tirkides History is not just the outcome of personalities, competing platforms, or a matter of chance. It can be all of that at times. But history is cumulative ...

Britain began a consultation this week to review rules that force automakers to produce more electric vehicles, following industry warnings that the current plan could lead to factory closures and ...

The US dollar was headed for an almost 7 per cent annual gain while Japan’s yen was set for a fourth consecutive year of losses on Friday, as traders anticipated ...

Turkey’s central bank cut its key interest rate by 250 basis points to 47.5 per cent on Thursday, a bit more than expected, launching an easing cycle meant to leave behind ...

Major European energy companies doubled down on oil and gas in 2024 to focus on near-term profits, slowing down – and at times reversing – climate commitments in a shift that they are ...

The cryptocurrency industry is pushing President-elect Donald Trump’s team to kick start his promised crypto policy overhaul when he takes office next month with executive orders that would help ...

India’s growth trajectory is expected to pick up in the second half of 2024-25, driven by domestic private consumption and a sustained revival of rural demand, the central bank ...

Russian companies have begun using bitcoin and other digital currencies in international payments following legislative changes that allowed such use in order to counter Western sanctions, according to Finance Minister ...