Category: World

The Indian tax agency has accused British insurer Aviva of breaching local regulations on sales commissions through a scheme involving fake invoices and clandestine cash payments, according to a notice…

Oil price forecasts for 2024 have been downgraded due to weak fuel demand from China, the world’s top importer, and increasing inventory levels. A Reuters poll of 37 analysts and…

Birkenstock missed quarterly profit expectations, with its shares dropping 12% in premarket trading. The German sandal maker’s global expansion and increased production capacity led to a decrease in its gross…

Beijing has decided not to impose provisional tariffs on European Union brandy despite finding that it was sold below market prices in China. The Chinese commerce ministry found that European…

Research funded by the U.S. Defense Department, NASA, and other government agencies has resulted in over 1,000 U.S. patents granted to China-based inventors since 2010. These patents cover sensitive fields…

Jerome Powell, U.S. Federal Reserve Chair, hinted at a potential interest rate cut in September during his speech at the Jackson Hole Economic Symposium, boosting market optimism. However, this enthusiasm…

The Federal Reserve is navigating a delicate situation as today’s interest rate of 5.25%-5.50% is seen as restricting economic growth and putting jobs at risk, well above the long-term “neutral”…

At the annual Jackson Hole conference, global policymakers highlighted the shifting focus of central banks from high inflation to weakening job markets. While U.S. and European central banks consider interest…

Nvidia is set to report its second-quarter earnings on Wednesday, with expectations that revenue will more than double. The company’s stock has soared by over 150% this year, driven by…

Ireland has donated €200,000 to the World Trade Organization’s (WTO) Standards and Trade Development Facility (STDF) to enhance global food safety and agricultural trade. This contribution aims to improve access…

Political donations from major food companies to Democratic lawmakers have risen in the current congressional election cycle, even as many Democrats criticize grocery chains for driving up consumer prices. Despite…

European stocks saw a slight rise on Thursday, with the STOXX 600 index gaining 0.3%, supported by retail stocks. This came as oil prices dropped for the fifth consecutive day,…

Euro zone business activity showed unexpected strength in August, with the composite PMI rising to 51.2 from July’s 50.2, beating forecasts. This growth was largely driven by a surge in…

The German government, along with the state of Lower Saxony, plans to take a temporary majority stake in Meyer Werft, a leading global cruise ship builder, to support the company…

U.S. shale producers are increasing oil output by enhancing drilling efficiency without additional spending, as they extend wells and use advanced fracking techniques. Companies like Chevron and Diamondback have raised…

U.S. stock futures advanced on Friday, buoyed by dovish comments from Federal Reserve officials and robust labor market data. Nvidia led the gains in technology stocks with a 2.5% rise…

Global oil demand growth needs to accelerate in the coming months to absorb the increased supply that OPEC+ plans to introduce from October. Current demand from major consumers like the…