Browsing: Business

Gold prices remained largely flat on Monday, with investors closely watching for clarity on Trump’s tariffs ahead of a key April 2 deadline. Spot gold held at $3,026.85 per ounce by 1131 GMT, while U.S. gold futures edged up 0.4% to $3,032.40. The metal’s stability was driven by

Japan’s core consumer prices rose 3.0 percent in February compared to the same month a year earlier, marking a slowdown in inflation for the first time in four months, according to government data released on Friday. The moderation was attributed in part to

The World Bank Group hosted the second Global Digital Summit in Washington, D.C., bringing together leaders from the public and private sectors to accelerate digital transformation and bridge the global digital divide. The event underscored the urgency of expanding access to digital technology, as 2.6

World coffee prices surged to a multi-year high in 2024, climbing 38.8% compared to the previous year’s average, largely due to adverse weather conditions affecting key coffee-producing nations, the Food and Agriculture Organization of the United Nations (FAO) announced on Friday. The agency warned

The Banque de France has revised its economic forecast, lowering the country’s gross domestic product (GDP) growth projection for 2025 to 0.7 percent, down from the 1.1 percent estimate made in December 2024. The French central bank  announced the adjustment on Wednesday,

The global battery market is experiencing significant growth, driven by soaring demand and declining prices, according to the International Energy Agency (IEA). The agency highlights that 2024 marked a turning point for the industry, with electric vehicle (EV) sales rising 25% to 17 million

The number of natural gas-directed rigs in the United States has declined for the second consecutive year, reflecting broader shifts in the energy market, according to the latest data from the U.S. Energy Information Administration (EIA). Between December 2022 and December 2024, the

Brent crude prices declined nearly 3% on Wednesday, rebounding slightly from a three-year low as U.S. crude stockpiles rose more than expected, adding pressure on oil markets already grappling with OPEC+ plans to increase production and fresh U.S. tariffs on Canada, Mexico, and China. By

AI startup Anthropic has seen its valuation soar to $61.5 billion following its latest funding round, marking a threefold increase in a short span. The company successfully raised $3.5 billion, significantly surpassing its initial $2 billion target. This rapid valuation growth underscores the

Taiwan Semiconductor Manufacturing Co. (TSMC) will invest an additional $100 billion in U.S. chip production, the company and President Donald Trump announced Monday, expanding its existing $65 billion commitment in Arizona. TSMC, the world’s leading semiconductor manufacturer, is increasing its U.S. footprint amid rising