Latest in Economy
Iraq Denies Government Proposals to Leave OPEC
Iraq's Ministry of Oil denied government proposals to leave OPEC, emphasizing commitment to production quotas.
Dollar on track for largest monthly gain in a year amid Fed rate hike expectations
inflation data that could confirm growing investor confidence that the Federal Reserve will raise rates at least once this year.
US inflation hits three-year high as consumer spending rises
US consumer spending accelerated in May as prices rose at the fastest pace in over three years.
EU countries push for oil exploration to be considered green investment
This means that oil and gas sector giants investing billions in new oil wells and gas fields could be included in sustainable investment funds.
Mexico invests $40 billion in state plan to develop renewable energy
Mexico plans to invest $40 billion in renewable energy by 2030, aiming for 32,000 MW of new capacity.
Schnabel from ECB: Further rate hikes needed to achieve 2% inflation target
However, since then, progress in peace negotiations has significantly reduced oil prices.
French Nuclear Reactors Cut Production Due to Extreme Heat and Environmental Regulations
In France, a number of nuclear reactors are forced to operate at reduced capacity due to extreme heat.
Germany Prepares to Raise Retirement Age: Merz Supports Reform
Federal Chancellor Friedrich Merz defended pension reform proposals in the Bundestag, calling them a big step towards a new pension system.
Finance Minister Bessent: US GDP growth could return to 3% by year-end
He expressed confidence that the US economy could resume this trajectory.
Gas discovery in Suriname boosts Petronas’ offshore reserves to over one billion barrels
This was announced by the President of Suriname, Jennifer Simons, at an energy conference in the capital Paramaribo.
$2.2 billion green hydrogen plant to be built in northeastern Brazil with German support
The plant is set to be located in Areia Branca, a coastal city in the state of Rio Grande do Norte, known for producing most of Brazil's sea salt.
Japan unveils $2.3 trillion investment plan for next 14 years
These investments are intended to alleviate supply bottlenecks by addressing the structural labor shortage in the aging country.
Oman opens temporary maritime routes in the Strait of Hormuz and cancels fees
Instead, vessels transiting the strait can use temporary routes located north and south of the existing shipping lanes.
Ukraine begins reform of plant protection products to adapt to EU requirements
Ukraine, which plans to integrate into the European Union, is launching a large-scale reform of the use of plant protection products, one of the most.
Germany: Number of Corporate Bankruptcies Rises to Highest Level Since 2013
Germany saw the highest number of corporate bankruptcies since 2013, with 12,900 cases in the first half of the year.
US dollar reaches yearly high amid Fed rate hike expectations; yen fluctuates near 40-year low
The yen strengthened after approaching a 40-year low.
Canada plans to build up to 10 new nuclear reactors and double uranium exports
Because the scale of the available opportunities is extremely large, and I hope you realize that now.
Chinese rocket ‘Long March-12’ boosts payload capacity by 10% with new fuel
China's Long March-12 rocket increased payload capacity by 10% using new high-energy synthetic kerosene fuel.
Annual inflation in Canada reaches 29-month high amid rising oil prices
Canada's annual inflation rate rose to a 29-month high in May, reaching 3.2 percent.
OPEC Predicts Increase in Oil Demand to 124 Million Barrels per Day by 2050, Sees No Peak
OPEC cites the global shift towards more favorable oil use policies, as well as increased attention to energy security and energy accessibility.
EU Green Bonds Worth 20 Billion Euros Risk Financing Chinese Companies and Undermining Brussels’ Policy
In the context of the Global Green Bond Initiative, there is no exclusion mechanism.
Fed Leaves Rates Unchanged, Officials Split Over Hikes This Year
The Federal Reserve left interest rates unchanged, with officials split over expectations of raising rates this year.
G7 Countries Agree to Limit Rare Earth Element Imports from China to 60% by 2030
Лідери G7 прагнуть зменшити залежність від Китаю у постачанні критично важливих мінералів та рідкісноземельних елементів, обговорюючи квоти для галузей.
Lagarde Warns of Significant AI Risk to Financial Stability
Цю заяву вона зробила під час виступу у Венеції в середу.
UK inflation unexpectedly holds steady at 2.8% in May
Інфляція у Великій Британії залишилася незмінною в травні, підтримавши підхід Банку Англії "почекати і подивитися" напередодні засідання.
Central Banks Return Gold Reserves Home and Expect Increased Purchases
Over the past 12 months, 9% of respondents increased domestic storage, compared to 5% the previous year.
Syrian Oil Company Signs Contract with ConocoPhillips and Novaterra to Develop Gas Sector
This agreement is part of Damascus' efforts to attract international investments to develop the energy sector and improve production.
Solar-powered cold storage reduces crop losses in Africa to less than 2%
In Kenya, producers of rosemary, basil, and other valuable crops destined for European supermarkets are already benefiting from pay-per-use cooling services.
European Parliament Approves Trade Deal with US, Adds Conditions Amid Tensions
This is in exchange for a 15% limit on taxes introduced by the American president on European imports.
South African Companies Under Pressure Due to Anti-Immigrant Protests: Thousands of Migrants Repatriated
MTN CEO Ralph Mupita said: “We haven't seen an impact directly on our business, but we are very sensitive in markets like Nigeria and Ghana”.
Trump threatens France with 100-percent tariffs on wine over digital tax
According to Trump, he directly conveyed this warning to French President Emmanuel Macron.
Merz Pushes Sweeping Reforms, Warning Germany About Security Threats and Competition
This reform program was presented in his speech to lawmakers.
ECB Set to Raise Interest Rates for the First Time Since 2023, European Markets Open Cautiously
Investors expect a 25 basis point rate hike, which could impact economic growth and corporate profits.
India Exempts Ethanol-Blended Petrol (22-30%) from Central Excise Duty
This decision, taken late on Wednesday, June 10, 2026, applies to petrol mixed with ethanol in the specified proportions.
Nymex natural gas futures fall 0.22% on cooler weather forecasts and rising production
Prices were influenced by forecasts of cooler weather in the US, which could reduce demand for air conditioning.
EU Approves Package of Measures to Simplify Defense Procedures Amid Threats
The agreement seeks to overcome the 'bureaucratic paralysis' and simplify the purchase and transfer of defense products between member states.
North Korea’s Economy Demonstrates Fastest Growth in Eight Years Amid Cooperation with Russia
North Korea's economy has shown 3.7% growth, the highest in eight years, despite international sanctions.
Lagarde Urges Europe to Cut Energy Import Dependency Amid Rising Prices
ECB President Christine Lagarde urged Europe to reduce reliance on fossil fuels and energy imports, citing rising prices and climate risks. She noted the green transition has lost momentum.
EU Divisions Over Capital Market Oversight Threaten Competitiveness
EU member states are divided over harmonized capital market supervision, threatening delays in competitiveness. Brussels pushes for integration to reduce reliance on the US and China.
Russia’s Oil Export Value Hits Post-February 2022 High
Russia's oil export value has reached its highest level since February 2022, averaging $2.42 billion weekly, driven by increased volumes and prices.
Von der Leyen Dismisses Trump’s 25% EU Car Tariff Threat
European Commission President Ursula von der Leyen dismissed Donald Trump's threat of 25% tariffs on EU cars, urging adherence to trade agreements. EU leaders backed her stance.
Hungary: Magyar Warns Orban Government Spending Risks Budget Deficit Overrun
Hungary's new PM Peter Magyar accuses predecessor Viktor Orban of excessive spending, risking this year's budget deficit targets. He pledges fiscal discipline.
Ukraine Strikes Russian Oil Infrastructure Over 20 Times, Causing Estimated $7 Billion in Losses
Ukraine has launched over 20 strikes on Russian oil infrastructure this year, causing an estimated $7 billion in losses. These attacks have impacted export revenues and production.
Audi Cautions on Financial Impact of US Tariffs on European Cars
Audi warns that potential U.S. tariffs on European cars could significantly impact its financial performance. The automaker is also facing declining sales in China.
France Says EU Has Tools to Respond to US Threats on Steel and Autos
French Trade Minister Nicolas Forissier stated the EU has tools to respond to US threats on strategic industries like steel and autos. This comes after President Trump announced potential tariffs.
Trump Approves ‘Keystone Light’ Pipeline for Canadian Oil Transport
U.S. President Donald Trump has approved the "Keystone Light" pipeline project, aiming to transport Canadian crude oil to the U.S. despite environmental concerns.
Actor-Politician Vijay’s Party Wins in India, Heightening Risks of State Deficits
Economists warn that populist promises from recent Indian state elections could strain finances and widen fiscal deficits, impacting infrastructure and job creation.
Switzerland’s Inflation Hits 16-Month High Amid Rising Energy Prices
Switzerland's inflation accelerated to a 16-month high in April, driven by rising energy prices. The central bank expects the surge to be temporary.
Zambia Delays Multi-Billion Dollar US Deals Over Data and Preferential Treatment Demands
Zambia is delaying multi-billion dollar agreements with the US in healthcare and critical minerals, citing unacceptable conditions and demands for preferential treatment.
ЄС веде переговори з Anthropic щодо тестування банків на вразливості за допомогою моделі Mythos AI
ЄС веде переговори з Anthropic щодо тестування кіберстійкості європейських компаній та банків за допомогою нової моделі ШІ Mythos.
S&P 500 Retreats from Record High Amid Middle East Tensions
The S&P 500 fell 0.5% from its record high as Middle East tensions escalated and investors prepared for earnings season. Analysts warn against confusing a narrow rally with a broad...
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Latest in Economy
Iraq Denies Government Proposals to Leave OPEC
Iraq's Ministry of Oil denied government proposals to leave OPEC, emphasizing commitment to production quotas.
Dollar on track for largest monthly gain in a year amid Fed rate hike expectations
inflation data that could confirm growing investor confidence that the Federal Reserve will raise rates at least once this year.
US inflation hits three-year high as consumer spending rises
US consumer spending accelerated in May as prices rose at the fastest pace in over three years.
EU countries push for oil exploration to be considered green investment
This means that oil and gas sector giants investing billions in new oil wells and gas fields could be included in sustainable investment funds.
Mexico invests $40 billion in state plan to develop renewable energy
Mexico plans to invest $40 billion in renewable energy by 2030, aiming for 32,000 MW of new capacity.
Schnabel from ECB: Further rate hikes needed to achieve 2% inflation target
However, since then, progress in peace negotiations has significantly reduced oil prices.
French Nuclear Reactors Cut Production Due to Extreme Heat and Environmental Regulations
In France, a number of nuclear reactors are forced to operate at reduced capacity due to extreme heat.
Germany Prepares to Raise Retirement Age: Merz Supports Reform
Federal Chancellor Friedrich Merz defended pension reform proposals in the Bundestag, calling them a big step towards a new pension system.
Finance Minister Bessent: US GDP growth could return to 3% by year-end
He expressed confidence that the US economy could resume this trajectory.
Gas discovery in Suriname boosts Petronas’ offshore reserves to over one billion barrels
This was announced by the President of Suriname, Jennifer Simons, at an energy conference in the capital Paramaribo.
$2.2 billion green hydrogen plant to be built in northeastern Brazil with German support
The plant is set to be located in Areia Branca, a coastal city in the state of Rio Grande do Norte, known for producing most of Brazil's sea salt.
Japan unveils $2.3 trillion investment plan for next 14 years
These investments are intended to alleviate supply bottlenecks by addressing the structural labor shortage in the aging country.