Global Trade
Tesla Adjusts Model Y Prices in China and the US
Tesla has announced a price adjustment for its Model Y Performance sport-utility vehicle in China, marking an increase of approximately $2,000, as reported on the...
Oil Prices Decline as US Economic Growth Challenges OPEC+ Resilience
In a significant development, oil prices saw a decline on Thursday, influenced by a combination of factors including ongoing tensions in the Middle East and...
ECB Hits Pause on Rate-Hike Program Amid Inflation Concerns
The European Central Bank (ECB) has decided to halt its relentless rate-hike program, which had pushed borrowing costs to historic highs over a 15-month period....
Steady Oil Prices Signal Progress in Middle East Talks
After a period of decline, global oil prices held steady following signs of increased stability in the Middle East region due to recent developments in...
Global Fossil Fuel Demand Set to Peak by 2030, International Energy Agency Predicts
In a recent report, the International Energy Agency (IEA) forecasts a significant shift in global energy dynamics, with fossil fuel demand projected to reach its...
Japan Prepares to Exit Era of Negative Interest Rates, Sending Ripples Through Global Markets
The pioneering experiment of Japan with negative interest rates is poised to draw to a close in the early months of 2024, according to a...
Volkswagen Lowers 2023 Profit Margin Outlook Due to Raw Material Challenges
Europe’s leading automaker, Volkswagen announced on Friday a downward revision of its profit margin forecast for 2023, citing adverse impacts stemming from raw material hedges...
SLB Reports Sequential Dip in North American Sales, Expects Growth in International Markets
Schlumberger (SLB), the world’s largest oil-services provider, has recorded its first sequential decline in North American sales since the onset of 2021. This shift comes...
Vietnamese EV Maker VinFast Forms $1B Share Subscription Deal with Yorkville Advisors
Vietnamese electric vehicle manufacturer VinFast announced on Friday a strategic share subscription agreement of up to $1 billion with U.S.-based investment firm Yorkville Advisors. Under...
Oil Prices Surge Amid Middle East Tensions
Oil prices experienced a notable uptick on Friday, with fears of potential supply disruptions in the Middle East intensifying due to escalating tensions in...
