Browsing: Business

Korea’s foreign currency deposits rose to $101.36 billion in May, marking the first increase since January, according to the Bank of Korea.

EU renewable electricity share drops to 42.5% in Q1 2025 amid reduced wind and hydro output, despite solar gains, says Eurostat.

Kuwaiti crude oil price rose to $77.46 per barrel after a $1.29 increase, following global oil market gains.

Global FDI rose 4% to $1.5 trillion in 2024, driven by volatile European flows and sharp contrasts in regional investment trends.

The EU projects €241 billion in nuclear investment is needed by 2050 to meet decarbonisation goals and strengthen its clean energy mix.

A sharp drop in U.S.-bound auto exports contributed to Japan’s $4.4 billion trade deficit in May, with total exports falling for the first time in months.

JPMorgan files JPMD trademark, signaling deeper push into digital assets, blockchain payments, and possibly a new stablecoin amid rising regulatory support.

Public spending across the GCC is set to hit $542 billion in 2025, backed by stable oil revenues and conservative fiscal strategies.

UAE GDP reached AED1.776 trillion in 2024 with 4% growth, driven by strong non-oil performance and robust gains in transport, construction, and finance.

China’s exports to the US plunged 34.5% in May, marking the sharpest drop since 2020 as new tariffs disrupted trade flows.