Economy

09:58

Oil falls

Oil falls on prospect of more OPEC+ supply, easing risks in Mideast

Oil prices fell on Monday as an easing of geopolitical risks in the Middle East and the prospect of another OPEC+ output hike in August improved supply expectations amid persistent uncertainty over the outlook for global demand.

07:30

UK

UK in talks with Lotus after factory closure fears

Business Secretary Jonathan Reynolds will hold talks with Lotus after the carmaker moved to ease concerns over the future of its UK factory.

11:30

Economy

Nike to cut China production for U.S. market to ease tariff impact

Nike is stepping back from China-based production for its U.S. market to dodge tariff-related costs, aiming to shift its sourcing strategy by 2026.

07:30

Business news

JP Morgan warns of possible U.S. recession in late 2025

The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.

08:00

Australia NATO

Australia stands firm on defence budget amid Trump pressure

Australia will not raise its defence spending targets despite pressure from U.S. President Donald Trump, choosing instead to follow its own military strategy, Defence Minister Richard Marles said on Thursday.

16:47

Economy

China National Offshore Oil Corporation signs exploration contract with Kazakhstan

Kazakhstan’s Energy Ministry, national oil and gas company KazMunayGas (KMG), and CNOOC Hong Kong Holding Limited—a subsidiary of China National Offshore Oil Corporation (CNOOC Limited)—have signed a contract for hydrocarbon exploration and production under the Zhylyoi project.

13:30

Business news

Trump urges to cut rates before Powell testimony

U.S. President Donald Trump called for a major interest rate cut before Federal Reserve Chair Jerome Powell’s testimony to Congress.

14:45

Business news

Goldman Sachs warns Brent crude could surge above $100 if Strait of Hormuz disrupted

Goldman Sachs economists have warned that any significant disruption to oil shipments through the Strait of Hormuz could push Brent crude prices over $100 per barrel, potentially causing a sharp rise in transport costs, inflation, and slowing global growth.

11:00

Economy

UK to cut green levies to lower energy costs for businesses

The UK government announced plans to cut green levies on thousands of businesses, aiming to reduce soaring energy costs and boost the manufacturing sector, particularly in Labour strongholds.

22:30

Economy

German government IT spending topped 1.2 billion euros in 2024

Germany’s federal government spent over 1.2 billion euros on software, licenses and IT services in 2024, more than 25% higher than the previous year.

19:30

Inflation

Japan’s core inflation hits two-year high in May

Japan’s core inflation rose to a more than two-year high in May, exceeding the central bank’s 2% target for over three years and increasing pressure on the Bank of Japan (BOJ) to resume rate hikes.

17:30

Economy

EIB raises financing ceiling to €100 billion for defence, energy, tech

The European Investment Bank (EIB) announced Friday it is raising its financing ceiling to a record €100 billion to accelerate investments in defence, energy security and Europe’s technological leadership.

15:30

Economy

Gazprom signs agreements to launch Far Eastern gas export route to China

Gazprom has signed new agreements with its Chinese partners to support the launch and operation of the cross-border section of the Far Eastern gas export pipeline to China.

08:30

World Bank

World Bank calls for 'radical' debt transparency to avoid crises

The World Bank is pushing for “radical” debt transparency from developing countries to prevent future financial crises, warning that hidden debts are fueling instability.

05:19

Economy

European Markets Fall After Fed and BoE Rate Decisions

European stock markets ended the day in negative territory following interest rate decisions by major central banks, including the U.S. Federal Reserve (Fed) and the Bank of England (BoE).

19:00

Economy

South Korea proposes $14.7 billion extra spending to revive economy

South Korea’s new administration proposed $14.7 billion in additional spending on Thursday to boost weak domestic demand, as President Lee Jae Myung pushes economic recovery as his top priority.