Economy
The French government is preparing new reductions to financial incentives granted to companies hiring apprentices, as part of a broader effort to curb public spending. According to information released by the Ministry of Labor, the amounts paid to employers for recruiting apprentices pursuing higher-level......
A sharp increase in the United Kingdom’s minimum wage for younger workers over the past three years has contributed to higher unemployment among this age group, according to Catherine Mann, a member of the Bank of England’s Monetary Policy Committee. Data shows that unemployment for 18-24......
Venezuela’s state oil company, Petróleos de Venezuela, S.A. (PDVSA), has limited crude sales over the past two weeks to companies holding individual licences from the United States, curbing exports despite a broader general licence issued by US authorities earlier this year. According to......
China has announced it will grant zero tariff treatment to imports from 53 African countries with which it maintains diplomatic relations, effective 1 May 2026. The policy, confirmed by state media and regional outlets, expands existing trade preferences that already provided duty free access to a group......
World Trade Organization Director General Ngozi Okonjo-Iweala has urged China to rethink its export-driven growth strategy, warning that the country’s record $1.2 trillion trade surplus cannot be sustained because the rest of the world is unable to absorb it. Speaking at the Munich Security Conference,......
The Arab world holds some of the largest proven oil and natural gas reserves on the planet, reinforcing its central role in global energy security and international commodity markets. Recent data drawn from leading industry sources, including OPEC, BP Statistical Review and the US Energy Information......
Cuba is facing its most severe energy crisis in decades, with satellite imagery showing that nighttime lighting across the island has fallen sharply after efforts by the Trump administration to restrict its oil supply. The shortages have plunged large parts of the country into darkness, grounded international......
The European Central Bank is expected to keep its deposit rate at 2.00 percent at least until the end of 2026, marking what would become its longest stretch of stable borrowing costs since the end of the negative interest rate era, according to a Reuters survey published this week. In the poll conducted......
Fresh inflation data released Friday showed easing price pressures in Spain and Poland, while India unveiled a revamped consumer price index aimed at better capturing modern spending patterns. Spain’s harmonised annual inflation rate, calculated under European Union standards, fell to 2.4 percent......
The European Commission on Friday approved Universal Music Group’s 775 million dollar acquisition of Downtown Music Holdings, subject to conditions requiring the sale of Downtown’s royalty accounting platform Curve to address competition concerns. The conditional clearance concludes a months......
Morocco’s economic resilience and political stability have been highlighted by Russia’s ambassador to the Kingdom, who described bilateral relations as dynamic and steadily expanding. In remarks published by the Russian news agency RIA Novosti, Ambassador Vladimir Baybakov emphasized the......
Gold tumbled sharply and silver posted one of its steepest daily losses in months after stronger than expected US employment data dampened hopes for imminent interest rate cuts by the Federal Reserve, triggering heavy selling across precious metals markets. Spot gold dropped more than 3 percent on Thursday,......
Asian equity markets climbed to fresh highs on Thursday, with Japan’s Nikkei 225 breaking above the 58,000 mark for the first time, as investors looked past stronger than expected United States jobs data and focused on signs of economic resilience. The MSCI Asia Pacific index rose 0.4 percent......
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