business

EU fossil fuel imports surge $25.9 billion as crisis delivers major macroeconomic hit after 44 days

EU fossil fuel imports surge $25.9 billion as crisis delivers major macroeconomic hit after 44 days

Von Der Leyen proposes fast EU energy support for vulnerable groups

U.S. inflation reaches 2-year high of 3.3 percent in March as gas price surge impacts broader economy

U.S. inflation reaches 2-year high of 3.3 percent in March as gas price surge impacts broader economy

Gasoline prices climbed 21.2 percent in March, marking record increase since 1967

U.S. Q4 GDP growth revised lower to 0.5 percent as investment weakens

U.S. Q4 GDP growth revised lower to 0.5 percent as investment weakens

The Commerce Department reported a step down from the prior 0.7 percent growth figure for the quarter

Sri Lanka secures IMF agreement for $700 million, commits to reforms for economic stability

Sri Lanka secures IMF agreement for $700 million, commits to reforms for economic stability

Country implemented fuel rationing and 35 percent price hike to preserve foreign reserves

U.S. Federal Reserve minutes reveal policy split as officials weigh potential interest rate hikes

U.S. Federal Reserve minutes reveal policy split as officials weigh potential interest rate hikes

Fed officials forecast slower progress toward 2 percent inflation goal amid energy volatility

U.S. jobs see sharp rebound with 178,000 nonfarm payrolls added in March

U.S. jobs see sharp rebound with 178,000 nonfarm payrolls added in March

Unemployment falls to 4.3 percent as 396K drop out of labor force

World food prices hit highest since September, FAO says

World food prices hit highest since September, FAO says

Wheat up 4.3 percent from U.S. crop fears and Australian planting cuts

U.S. trade gap hits $57.3 billion following 4.9 percent rise, despite record $314.8 billion in in exports

U.S. trade gap hits $57.3 billion following 4.9 percent rise, despite record $314.8 billion in in exports

Esxports surge was driven by monetary gold and natural gas

Bank of Japan updates natural rate estimate as era of ultra low rates ends

Bank of Japan updates natural rate estimate as era of ultra low rates ends

Neutral interest rate range stands between -0.9 percent and +0.5 percent

OECD cuts Eurozone growth forecast to 0.8 percent, lifts inflation outlook to 2.6 percent amid rising energy costs

OECD cuts Eurozone growth forecast to 0.8 percent, lifts inflation outlook to 2.6 percent amid rising energy costs

Organization says higher energy prices will reduce demand offset investment technology, lower effective rates

Japan initiates largest-ever strategic oil release as gasoline prices hit record 190.80 yen

Japan initiates largest-ever strategic oil release as gasoline prices hit record 190.80 yen

State reserves drawdown equals 30 days of demand roughly 8.5 million kiloliters scheduled through April end

ECB President Lagarde signals potential rate hikes to counter energy shock

ECB President Lagarde signals potential rate hikes to counter energy shock

Lagarde stated that a moderate overshoot of the inflation target could justify measured tightening

EU and Australia reach trade deal to eliminate up to 99 percent of tariffs, secure critical mineral supplies

EU and Australia reach trade deal to eliminate up to 99 percent of tariffs, secure critical mineral supplies

Deal grants EU enhanced access to Australian critical minerals like lithium manganese and aluminum

U.S. trade deficit plummets to $54.5 billion as exports surge in January

U.S. trade deficit plummets to $54.5 billion as exports surge in January

Trade gap fell from a revised $72.9 billion in December

South Korea to inject $350 billion into U.S. AI, quantum computing, semiconductors

South Korea to inject $350 billion into U.S. AI, quantum computing, semiconductors

Legislation completes major portion of trade agreement intended to mitigate U.S. tariff strains on Korean goods

Fed 25‑bp cuts eyed Q3–Q4 as inflation, oil‑supply and geopolitical tensions push timeline to Sept–Dec

Fed 25‑bp cuts eyed Q3–Q4 as inflation, oil‑supply and geopolitical tensions push timeline to Sept–Dec

Cooling labor market could bring earlier Fed cuts, Goldman warns

U.S. stock futures slip following 0.3 percent rise in February Consumer Price Index

U.S. stock futures slip following 0.3 percent rise in February Consumer Price Index

CPI rose 2.4 percent annually while investors assessed the Fed outlook

Central African Republic launches first fully digitalized Ministry

Central African Republic launches first fully digitalized Ministry

The platform was developed in partnership with the Central African technology firm EDEN TiiiT

Eurozone inflation drops to 1.7 percent in January 2026, lowest level in 12 months

Eurozone inflation drops to 1.7 percent in January 2026, lowest level in 12 months

France recorded 0.4 percent annual inflation; Romania registered the highest rate at 8.5 percent

Germany and India sign strategic AI Pact at New Delhi Summit to drive economic growth

Germany and India sign strategic AI Pact at New Delhi Summit to drive economic growth

The pact fosters joint initiatives in industry energy healthcare and agriculture to integrate AI economically

China’s luxury market shows signs of stabilization after two years of decline

China’s luxury market shows signs of stabilization after two years of decline

Bain estimates that 65 percent of luxury purchases occurred within mainland China in 2025, compared with 35 percent overseas

U.S. and Taiwan finalize trade deal with 15 percent tariff, $500 billion in semiconductor and AI investments

U.S. and Taiwan finalize trade deal with 15 percent tariff, $500 billion in semiconductor and AI investments

Agreement exempts more than 2,000 export items from reciprocal tariffs, cutting average duty to 12.33 percent

Alibaba showcases AI-powered “Intelligent Olympics” Vision at Milano Cortina 2026

Alibaba showcases AI-powered “Intelligent Olympics” Vision at Milano Cortina 2026

AWI transforms one of Milan’s most iconic public spaces into a living showcase of how digital innovation can intersect with culture, commerce, and sport

U.S. job growth likely picked up in January as layoffs ease, but labor market remains sluggish

U.S. job growth likely picked up in January as layoffs ease, but labor market remains sluggish

Economists point to lingering uncertainty over import tariffs as a key factor dampening business confidence and hiring decisions