Business News

China’s exports dropped by 8.8% in August 2024 compared to the same month last year, marking the fourth consecutive month of decline. This significant contraction has heightened global concerns about the world’s second-largest economy and its impact on international trade. The decline comes amid weakening global demand, ongoing geopolitical tensions, and domestic challenges in China, […]

The International Monetary Fund (IMF) has released its latest World Economic Outlook update for September 2024, maintaining its global growth forecast of 3.2% for 2024. However, the report highlights rising concerns about inflation, particularly due to persistent inflation in the services sector. Key Highlights: The report stresses that global economic stability will depend on careful

In a highly anticipated event in September 2024, Apple officially launched its iPhone 16 Pro and iPhone 16 Pro Max models, marking another significant leap in smartphone innovation. As expected, these flagship devices come packed with cutting-edge features, continuing Apple’s tradition of blending sleek design with powerful technology. Key Features and Innovations: Stay tuned as

The global gold market has been experiencing heightened volatility in recent weeks, driven by concerns surrounding inflation and mounting geopolitical risks. As the world’s most traded precious metal, gold often serves as a barometer of investor sentiment during times of economic instability. This year, gold prices have swung dramatically, with traders watching closely for potential

Saudi Aramco, the world’s largest oil company, has announced its ambitious plans to expand into renewable energy as part of the kingdom’s broader Vision 2030 initiative. The state-owned energy giant is pushing for significant investment in carbon-neutral solutions, including green hydrogen, wind, and solar power, marking a shift from its traditional role as a major

Tesla’s stock surged in the third quarter of 2024 after the electric vehicle (EV) giant reported better-than-expected delivery numbers and made significant progress in its autonomous driving technologies. This performance highlights Tesla’s continuing dominance in the electric vehicle market, even as competition intensifies globally. The company’s shares jumped nearly 10% in mid-September following the release

BP, one of the world’s leading energy companies, has taken a significant step in its transition toward sustainable energy by acquiring a major U.S.-based hydrogen producer. This acquisition reflects BP’s broader strategy to pivot away from fossil fuels and invest heavily in renewable and low-carbon energy sources, aligning with the company’s commitment to reach net-zero

Japan’s economy saw a notable rebound in the third quarter of 2024, with GDP growth exceeding forecasts. The recovery was largely driven by an increase in consumer spending and a weak yen, which has boosted the competitiveness of Japanese exports. The economic resurgence comes after a challenging period marked by global inflation, supply chain disruptions,

In a landmark decision, the European Union (EU) has fined Meta Platforms, the parent company of Facebook, a record $1.3 billion for violations of the General Data Protection Regulation (GDPR). The penalty marks the largest-ever imposed under GDPR, reflecting the EU’s increasing scrutiny over the privacy practices of global tech companies. Meta’s violations pertain to

Despite facing some of the most stringent economic sanctions in modern history, Russia’s economy has shown remarkable resilience in 2024. Western nations, led by the U.S. and European Union, imposed sanctions on Russia following its invasion of Ukraine, targeting key sectors such as banking, energy, and technology. These sanctions were intended to cripple Russia’s economic