Category
Economy & Energy
347 stories
Jul 30, 2026, 04:30 AM UTC
AI-generatedMiddle East conflict inflates Asian street food prices amid energy shocks
Escalating energy costs linked to Middle East instability are driving up the price of staple street foods across Asian economies.
Jul 30, 2026, 04:30 AM UTC
AI-generatedIrish Continental Group faces governance scrutiny following chief executive's buyout bid
Eamonn Rothwell's €8 per share management buyout bid for Irish Continental Group has raised corporate governance questions over board independence.
Jul 30, 2026, 04:00 AM UTC
AI-generatedPentagon deal with Australian miner Lynas faces pushback in Malaysia
US efforts to secure rare earth elements via Australian miner Lynas in Malaysia face political resistance from pro-Palestinian supporters.
Jul 30, 2026, 03:30 AM UTC
AI-generatedDeutsche Bahn posts first profit in seven years, reports say
German rail operator Deutsche Bahn reportedly returned to profitability in the first half of 2026, ending a seven-year streak of losses as passenger numbers rebounded.
Jul 30, 2026, 01:00 AM UTC
AI-generatedSerbia issues national alert as severe ten-day heatwave begins
Serbia has issued a national alert due to an intense ten-day heatwave with temperatures near 40°C, as meteorologists warn high temperatures will persist until early August.
Jul 30, 2026, 12:00 AM UTC
AI-generatedUS Federal Reserve holds interest rates steady amid inflation risks and political pressure
The US Federal Reserve has kept interest rates unchanged, navigating pressure from President Donald Trump and rising inflation driven by tariffs and the artificial intelligence boom.
Jul 29, 2026, 11:30 PM UTC
AI-generatedExplosion hits US-owned LNG tanker at Egyptian port
A US-owned floating LNG storage tanker caught fire at Egypt's Damietta port following a suspected drone strike, authorities said.
Jul 29, 2026, 11:00 PM UTC
AI-generatedAirbus posts 47% surge in first-half net profit as defence and aviation revenues rise
European aerospace maker Airbus recorded a 47% increase in first-half net profit to €2.2 billion, boosted by higher commercial deliveries and defence sales.
Jul 29, 2026, 11:00 PM UTC
AI-generatedDanube drops to historic low in Budapest, disrupting European freight
Historic low water levels on the Danube in Budapest have disrupted cargo transport along one of Europe's main freight routes amid prolonged drought.
Jul 29, 2026, 07:00 PM UTC
AI-generatedWildfires in southern Europe prompt health warnings and heavy economic losses
Severe wildfires across southern Europe have led to WHO health warnings over toxic smoke, while thousands of businesses in southwestern France face major economic losses.
Jul 29, 2026, 06:30 PM UTC
AI-generatedOil prices climb toward $91 amid Middle East escalations and falling US reserves
International crude prices rose near $91 per barrel following renewed conflict in the Persian Gulf and a steep decline in US crude inventories.
Jul 29, 2026, 04:30 PM UTC
AI-generatedPortugal's unemployment rate holds steady at 5.6% in June
Portugal’s unemployment rate remained at 5.6% in June, unchanged from May but down 0.4 percentage points year-on-year, according to provisional INE data.
Jul 29, 2026, 02:30 PM UTC
AI-generatedSK Hynix records 557 percent profit surge driven by AI boom
South Korean chipmaker SK Hynix reported a 557 percent operating profit surge in the second quarter due to skyrocketing demand for artificial intelligence memory chips.
Jul 29, 2026, 12:00 PM UTC
AI-generatedBMW to reduce workforce by 8,000 positions by 2027
BMW plans to cut roughly 8,000 global jobs by the end of 2027 through voluntary departure packages, focusing on non-production roles.
Jul 29, 2026, 11:00 AM UTC
AI-generatedRed Sea tensions expose vulnerabilities in alternative Middle East oil routes
Rising Red Sea tensions highlight the limits of bypass routes like Saudi Arabia's Petroline, as onward maritime transit remains vulnerable.
Jul 29, 2026, 09:00 AM UTC
AI-generatedDeutsche Bank reports record second-quarter profit driven by investment arm
Deutsche Bank reported a Q2 pre-tax profit of €2.68 billion, up 11%, supported by strong investment banking results, despite wider DAX market volatility.
Jul 29, 2026, 06:00 AM UTC
AI-generatedSpain's job creation lowers unemployment to 9.87 percent
Spain added 486,000 jobs in the second quarter, pushing unemployment down to 9.87% and total employment to nearly 22.8 million.
Jul 29, 2026, 06:00 AM UTC
AI-generatedAsian stock markets decline as South Korea's Kospi drops 7%
Asian stock markets mostly dropped on Wednesday, led by a 7% plunge in South Korea's Kospi amid tech sector concerns, while Hong Kong gains bucked the trend.
Jul 29, 2026, 04:30 AM UTC
AI-generatedBrent crude falls nearly five percent as US-Iran tensions ease
Brent crude oil prices dropped 4.83% to $84.09 per barrel amid growing expectations of a resolution to US-Iran tensions in the Middle East.
Jul 29, 2026, 04:30 AM UTC
AI-generatedChinese renminbi surpasses euro in global trade finance share
The Chinese renminbi has surpassed the euro in global trade finance, securing an 8% market share and prompting calls from the ECB to strengthen the euro.