Russia resumes wheat exports to Kazakhstan

Russia has resumed wheat exports to Kazakhstan after lifting a ban that was in place until December 31, 2024.

EU seeks more US gas, renewable energy to replace Russian supplies

The European Union will seek more gas from countries including the U.S. to replace Russian supplies, and expand renewable energy faster to cut its overall reliance on the fuel, the EU's energy commissioner has said.

China says 'doing its best' to push for tariff negotiations with EU

BEIJING, Feb 20, 2025 – China is “doing its best” to push for talks with the European Union over tariffs imposed on Chinese-made electric vehicles, a commerce ministry spokesperson said on Thursday.

Mercedes-Benz moves to cut costs, revive sales after earnings slump

Berlin, February 20, 2025 – Mercedes-Benz has launched a fresh cost-cutting initiative aimed at reviving sales and margins, as the German carmaker forecasts a significant drop in earnings in 2025.

ADB set to expand its operations by 50% over next decade

The Asian Development Bank (ADB) has approved a plan to scale up its operations by 50% over the next decade, leveraging its existing capital base to enhance bank’s impact across Asia and the Pacific.

EURASIA EXPO-2025 to boost trade between Iran and EAEU

Third EURASIA Expo International Exhibition will be held at Tehran Central Exhibition Complex from 21 to 24 February. Iran has an observer status in the Russian-lead Eurasian Economic Union since last December.

Turkey to export 15,000 tonnes of eggs to US to ease bird flu disruptions

Turkey has begun exporting around 15,000 tonnes of eggs to the United States as a devastating outbreak of bird flu is slashing U.S. production and sending prices soaring, a leading sector official said on Wednesday.

Brazil approves joining OPEC+ as it advances its role as a major oil producer

Brasília, Brazil, February 18, 2025 – Brazil’s government has approved joining OPEC+, a group of major oil-exporting nations, signaling a significant step in the country’s evolution into a prominent oil state.

Reserve Bank of Australia Lowers Interest Rate to 4.1%

The Reserve Bank of Australia (RBA) has cut its policy interest rate by 25 basis points to 4.1%, marking its first reduction since November 2020. The move follows a prolonged tightening cycle that saw rates rise from 0.1% to 4.35% between May 2020 and November 2023.

Azerbaijan's oil fund invests €34.5 million in Italian railway operator

The State Oil Fund of Azerbaijan (SOFAZ) has invested €34.5 million in Italy’s leading high-speed railway operator, Italo – Nuovo Trasporto Viaggiatori S.p.A. (Italo) by entering into agreement with the Global Infrastructure Partners (GIP), affiliated with US-based BlackRock.

India's $1.4 billion tax demand a matter of survival for Volkswagen India unit, lawyer says

A lawyer for an Indian unit of German carmaker Volkswagen, said on Monday the country's $1.4 billion tax demand could become a matter of survival for its business in the country, as it continues to contest the order.

Unemployment in UK increases to 4.4% in December 2024

The UK’s unemployment rate edged up to 4.4% in December 2024, reflecting a continued upward trend since mid-2022, according to the Office for National Statistics (ONS).

China’s Xi meets business leaders amid U.S. tech rivalry, calls for private-sector innovation

Beijing, Feb 17 (Reuters) — Chinese President Xi Jinping met with some of the country’s most prominent technology leaders on Monday, urging them to embrace innovation and reaffirming Beijing’s support for private enterprise.

Apple Vision Pro to receive Apple Intelligence update in April

Apple's Vision Pro headset is expected to receive a major update incorporating Apple Intelligence as soon as April, according to a new report from Bloomberg.

Walmart’s Earnings to Reveal Impact of Inflation and Tariffs on U.S. Consumers

Walmart’s upcoming quarterly report will provide key insights into how inflation and potential tariffs are affecting U.S. consumer spending, especially as prices for essentials rise.

Blue Origin Cuts 10 Percent of Workforce Amid Restructuring

Blue Origin, the space exploration company founded by Jeff Bezos, is laying off 10 percent of its workforce - approximately 1,400 employees - in an effort to streamline operations and reduce bureaucracy, CEO Dave Limp announced in an internal email.

Apple will introduce its 'newest member of the family' on February 19

It seems Apple is ready to show off something new. In a tweet on Thursday, CEO Tim Cook told Apple aficionados to "get ready to meet the newest member of the family."

Estée Lauder and L’Oréal face setbacks as Chinese beauty brands gain ground

Estée Lauder and L’Oréal are facing challenges in the Chinese market as local beauty brands gain popularity. Rising competition, shifting consumer preferences, and economic factors have impacted sales, forcing global cosmetics giants to adapt their strategies.

TikTok returns to Apple, Google app stores

Baidu to make AI chatbot Ernie Bot free of charge from April 1

Chinese tech stocks fell after reaching multi-year highs as AI-driven gains slowed. Traders locked in profits amid economic concerns, with Alibaba and Baidu retreating from their intraday peaks.