Global Trade
Citigroup: Global Oil Prices Expected to Ease on Supply Surge
In a recent report, Citigroup Inc. has forecasted a potential easing of global oil prices, citing an increase in oil supply from nations outside the...
“iPhone 12 Software Update Eases Radiation Fears in France
Apple has taken a significant step to address concerns over radiation levels in their iPhone 12 models in France. The tech giant announced on Friday...
Novartis Shareholders Back Sandoz Spinoff with 99.7% Support
Novartis shareholders voted in favor of the spinoff of the Swiss pharmaceutical giant’s generic-drugs arm, Sandoz, during an extraordinary general meeting held on Friday. An...
Inflation Concerns: Central Bank of Russia to Raise Interest Rate
In a decisive move to combat mounting inflationary pressures, the Central Bank of Russia announced on Friday that it was raising its key interest rate...
Arm Holdings Stock Rockets 25% Above Debut Price, What Next?
SoftBank Group’s technology investment arm, Arm Holdings, made a resounding entry into the public market on Thursday, with its stock surging nearly 25% above its...
China Accuses EU of Protectionism in Electric Vehicle Probe
Tensions between China and the European Union (EU)escalated on Thursday as China vehemently criticized the EU’s investigation into Beijing’s electric vehicle subsidies, labeling it a...
ECB Raises Key Interest Rates in Bid to Tackle Inflation Surge
In a bid to grapple with soaring inflation, the European Central Bank (ECB) has announced a 25 basis points (bps) increase in its key interest...
Oil Prices Surge as OPEC Tightens Supply
Oil prices surged to their highest levels this year on Thursday, with Brent crude surpassing $93 per barrel. The rally in oil prices was spurred...
EU Probes Subsidies on Chinese Electric Vehicles
The European Union has initiated an investigation into Chinese subsidies for electric vehicles, aiming to counter the influx of low-cost imports. This move signals a...
Rising Gasoline Prices Drive August Inflation Beyond Expectations
Energy prices, notably gasoline, emerged as a pivotal driver behind the Bureau of Labor Statistics’ Consumer Price Index (CPI) surging by 3.7% on a year-over-year...
