Browsing: Business

The US launched a probe into China’s semiconductor industry over alleged anti-competitive practices, raising concerns about trade policies and supply chain vulnerabilities.

Oil prices rose Wednesday after U.S. crude inventories fell, but gains were capped as the Federal Reserve hinted at slower rate cuts. A stronger dollar also tempered optimism.

T. Rowe Price forecasts US Treasury yields may reach 6% in 2025 as persistent deficits, inflation risks, and global bond selloffs put increasing pressure on the US fiscal outlook.

The European Union allocated €381.4 billion to research and development (R&D) in 2023, reflecting a 6.7% increase from the previous year’s expenditure…

Wage inequality has declined in two-thirds of nations since 2000, with significant progress in low-income countries, but high disparities and uneven regional wage growth persist, according to the ILO report.

The UAE’s non-oil economy is forecast to grow 4.7% in 2024, driven by tourism, real estate, and infrastructure projects, alongside robust foreign investments and diversification efforts.

Dubai’s PCFC launches the Dubai Code for Ports, a global first, setting new standards in maritime infrastructure and supporting Dubai’s growth as a leading global trade hub.

ADNOC Gas finalizes plans to acquire a majority stake in Ruwais LNG by 2028, aligning with its $15 billion CAPEX initiative and advanced low-carbon facility goals.

IATA reports global air cargo demand grew 9.4% in September 2024, continuing a robust trend of 14 consecutive months of growth, driven by high international operations.

Apple’s record revenue in India reflects growing demand for iPhones and services, with CEO Tim Cook highlighting a September quarter record and plans to open four new stores in the country.