Business News Stories
Escalated conflict in the Middle East could result in oil at $150 per barrel
Thus far, the Israel-Hamas conflict has had limited impact on the global economy. However, an escalation to a direct war between Israel and Iran, could result in oil prices rising to $150 a barrel and global output cut by $1 trillion, according to a new analysis by Bloomberg Intelligence (BI) and...
photo: AP / Marta Lavandier
Saudi Aramco maintains $31bn dividend despite lower earnings
DubaiSaudi Arabian state-owned oil giant Aramco expects to pay $31bn in dividends to the Saudi government and its shareholders despite reporting lower earnings for the first quarter on Tuesday, hit by lower oil prices and volumes sold. The Saudi government, which directly holds about 82.2% of...
photo: AP / John Moore
Russia is planning to cripple Europe’s economy – and this is how
European security agencies are sounding the alarm over an escalating threat from Russia, which appears to be orchestrating a series of violent acts designed to wreak havoc across the continent. With a disturbing uptick in covert operations, including bombings, arson, and systematic infrastructure...
photo: © European Union 2024 - Source : EP / © European Union 2024 - Source : EP
Stock market today: Asian shares track Wall St’s advance fueled by cooler jobs data
Asian shares were mostly higher on Monday after Wall Street ended last week with the stock market’s best day in over two months in a rally backed by the cooler-than-expected U.S. employment data. U.S. futures edged higher and oil prices rose. The Japanese yen weakened slightly after its value...
photo: AP / Richard Drew
Hungary and Serbia’s autocratic leaders to roll out red carpet for China’s Xi during Europe tour
BUDAPEST, Hungary (AP) — Chinese leader Xi Jinping will spend the bulk of his five-day tour in Europe this week in two small countries at the continent’s eastern half, a region that Beijing has used as a foothold for its expanding economic ambitions in Europe. Following a stop in Paris on Monday to...
photo: AP / Darko Vojinovic
Qualcomm jumps as AI sparks rebound in Chinese smartphone market
Qualcomm shares rose 4% in premarket trading today after the smartphone-focused chipmaker signaled an AI-fueled rebound in demand, especially in China, after a two-year slump. Sales to Chinese smartphone makers jumped 40% in the first half of its fiscal year, the company said, as...
photo: Creative Commons / Tech.Co
OECD lifts global growth outlook as US, China outperform expectations
The Organisation for Economic Co-operation and Development (OECD) has upgraded its outlook for the global economy on the back of stronger-than-expected growth in the United States and China. The global economy is forecast to grow 3.1 percent this year and 3.2 percent in 2025, the Paris-based...
photo: AP / Ng Han Guan
Huawei’s comeback gathers pace as quarterly profit surges
Huawei Technologies’s net profit leapt 564% to 19.65 billion yuan ($2.71 billion) in the first quarter, a regulatory filing by its parent company showed on Tuesday, as it continues to recover from US sanctions. Huawei’s revenue for the quarter to the end of March rose 37% to...
photo: AP / Ng Han Guan
TikTok ban in EU not excluded von der Leyen
Last week, US President Joe Biden signed a law demanding that the platform's Chinese owner sell it or be barred from app stores The EU has not ruled out banning Chinese-owned TikTok, European Commission President Ursula von der Leyen has stated. The official, who is seeking another term in June,...
photo: AP / Kiichiro Sato
Why is Japan’s yen so weak against the US dollar?
The weakness of the Japanese yen is in the spotlight again after its latest tumble. On Monday, the currency sank to 160.17 against the US dollar, its lowest since April 1990.Keep reading list of 4 itemslist 1 of 4IMF promises Pakistan ‘immediate’ release of $1.1bn loan after key meet list 2 of...
photo: Creative Commons / Japanexperterna.se

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