Browsing: Business

Global air cargo demand increased by 2.2 percent in May 2025 compared to the same period last year, according to the latest data released by the International Air Transport Association (IATA). The report shows that international air cargo operations recorded a slightly

The European Commission and Ukraine have reached an agreement in principle to modernize their existing trade relationship, marking a significant step in Ukraine’s gradual integration into the European Union’s economic framework. The announcement follows the conclusion of negotiations on the review of the Deep

The European Union reported a decline in both the value and volume of petroleum imports during the first quarter of 2025, according to the latest data released by Eurostat, the statistical office of the European Union. The figures reveal a continued shift

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