Economy
Europe channelled €45 billion into wind energy projects in 2025, installing 19.1 gigawatts of new capacity despite industry warnings that planned EU policy reforms could weaken investor confidence. According to WindEurope’s annual report, total installed capacity reached 304 gigawatts, up......
Gold hovered near recent highs on Friday and remained on track for a seventh consecutive monthly increase, supported by persistent safe-haven interest, renewed U.S. tariff uncertainty and ongoing geopolitical tension in the Middle East. Spot prices have advanced more than 6% so far in February, extending......
Ivory Coast will bring forward the start of its cocoa mid-crop season and sharply lower the price paid to farmers, in an unprecedented move to ease a mounting surplus that has clogged warehouses and ports across the country. Cocoa harvested from March will now be classified as mid-crop instead of main......
Türkiye’s exports totaled $20.31 billion in January, marking a 4% decrease compared to the same month a year earlier, according to figures released by the Turkish Statistical Institute. Data showed that imports edged up by 0.1% year-on-year to $28.69 billion, pushing the monthly trade deficit......
African governments and banks are stepping up efforts to reduce reliance on the US dollar in trade and financial transactions as uncertainty over American tariffs unsettles global markets. Ecobank Transnational CEO Jeremy Awori told Bloomberg that erratic US trade measures are motivating companies across......
Russia and Iran are steepening discounts on their crude exports to secure a shrinking pool of Chinese buyers after Indian refiners sharply reduced purchases of Russian oil. Moscow’s flagship Urals blend is now selling to China at about 12 dollars per barrel below the ICE Brent benchmark, compared......
Freight costs for transporting crude oil from the Middle East surged to their highest level in six years as exporters accelerated shipments while tensions escalate between the United States and Iran. The cost of chartering a very large crude carrier capable of carrying two million barrels from the Persian......
Investor and Bridgewater Associates founder Ray Dalio has warned that the global financial and political system has entered a period of “great disorder,” marking the end of the post-World War II world order. In recent essays and public appearances, Dalio said current global tensions and rising......
French household appliance manufacturer Groupe SEB has announced a global cost-saving plan that could lead to the elimination of up to 2,100 jobs worldwide, including around 500 positions in France, as part of a broader strategy to restore profitability and adapt to intensifying international......
British luxury carmaker Aston Martin has announced plans to reduce its workforce by around 20 percent as it faces mounting financial pressure linked to higher tariffs in key markets such as the United States and China, as well as broader economic uncertainty affecting the global automotive......
Japan is taking steps to mitigate the effects of newly imposed U.S. import tariffs, government officials said on Tuesday. Following the U.S. Supreme Court’s decision to strike down certain tariffs under the International Emergency Economic Powers Act (IEEPA), President Donald Trump applied a 15%......
The government of Japan has approved a five trillion yen (approximately $32 billion) emergency spending package aimed at cushioning households from surging food and energy costs, as inflationary pressures continue to weigh on consumers. Prime Minister Sanae Takaichi endorsed the measure following a......
Morocco’s olive canning sector is regaining momentum after two campaigns marked by drought. Driven by a national production estimated at nearly two million tonnes, the current season is giving fresh impetus to a strategic sector for the agri-food industry and exports. According to estimates relayed......
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