Browsing: Business

Private sector wage growth hits six year low in the United Kingdom as official earnings figures show regular pay in the private sector slowed to 2.9 percent in the three months to May 2026. Data published by the Office for

Indonesia expects the Abadi Masela LNG project to deliver about $37.8 billion in direct government revenue. Energy and Mineral Resources Minister Bahlil Lahadalia also projected $6.43 billion in indirect tax receipts. Officials released the figures after a July 16 groundbreaking

Egypt’s net international reserves reached a provisional $55.0723 billion at the end of June 2026. The total exceeded $55 billion for the first time and marked a record high. The Central Bank of Egypt announced the figure on July 8.

U.S. President Donald Trump and Iraqi Prime Minister Ali al-Zaidi held conversations on broader economic and energy collaboration at the White House on Tuesday. Their focus was on oil, natural gas, electricity, trade, and private sector investment. Trump indicated that

The Council of the European Union provided its final approval on Tuesday for the EU-Mexico Interim Trade Agreement. This decision marks the completion of the European Union’s internal ratification process for the trade arrangement. EU and Mexican officials signed the

Oil prices surged nearly 10% on Monday as renewed U.S.-Iran conflict focused attention on the Strait of Hormuz. Brent crude futures for September delivery gained $7.29, or 9.6%, to settle at $83.30 a barrel. U.S. West Texas Intermediate crude rose

Gold dropped about 3% on Monday, July 13, falling below $4,000 an ounce as oil prices surged and expectations for higher U.S. interest rates strengthened. Spot gold fell to $3,996.76 per ounce, its lowest level in two weeks. U.S. gold

Apple announced a multiyear chip agreement with Broadcom valued at more than $30 billion. The deal covers custom silicon parts and wireless connectivity technology for Apple products. Apple said the agreement will produce more than 15 billion U.S.-made chips. It

The Asian Development Bank cut its 2026 growth forecast for developing Asia and the Pacific to 4.9%. The bank cited prolonged global energy disruption and softer demand in parts of the region. The projection stands below the 5.1% estimate issued

China’s foreign exchange reserves fell 0.75% in June, official data showed, as valuation changes linked to currencies and asset prices reduced the reported dollar value of reserve holdings. The State Administration of Foreign Exchange said reserves stood at $3.4163 trillion