Economy
BYD ended its longest sales decline streak in May, with global vehicle deliveries rising 0.3% year-on-year to 383,453 units, according to a stock exchange filing. The modest gain, driven almost entirely by surging international demand, marks the first year-on-year growth posted by the world's largest......
The Organisation for Economic Co-operation and Development (OECD) has revealed the significant scale of state support granted to certain industrial sectors in China, raising concerns about global market distortions and unfair competition. According to an OECD report based on data collected between 2005......
Oil prices rose on Monday after fresh military exchanges between the United States and Iran exposed the fragility of a weeks-old ceasefire, while Wall Street prepared to enter June on the back of a record-setting rally driven by artificial intelligence stocks. Brent crude futures advanced roughly 3 percent,......
Tesla registrations posted sharp gains across several European markets in May, with France recording a 655 percent year-on-year increase to 5,446 vehicles delivered, Sweden rising 71 percent to 858 units, and Denmark posting a 136 percent increase compared to May 2025. The figures mark a decisive reversal......
Manufacturing activity in South Africa showed signs of easing in May as both demand and production weakened, according to the latest Purchasing Managers’ Index (PMI) released by Absa Group Limited. The seasonally adjusted PMI fell to 50.8 in May from 52.6 in April, indicating that while the sector......
Italy’s manufacturing sector continues to face increasing cost pressures, with production expenses rising for the fifth consecutive month in May, according to recent business survey data. The trend reflects ongoing challenges linked to global energy market volatility and broader geopolitical tensions. Manufacturers......
Germany’s manufacturing sector showed signs of stagnation in May as weakening demand and rising production costs weighed on overall industrial performance, according to recent business survey data. The latest figures indicate that factory activity remained just above the threshold that separates......
Spain's manufacturing sector continued to expand in May, although at a slower pace than in previous months, reflecting growing challenges linked to supply chain disruptions, rising production costs, and weaker market demand. Recent business indicators suggest that industrial activity remains in......
Oil prices surged at the start of the week after hopes for a swift ceasefire agreement between the United States and Iran collapsed, with last-minute demands from President Trump pushing negotiations into a new phase of uncertainty. The reversal caught energy markets off guard, as traders had spent weeks......
Governments in Brazil, India and Austria have introduced new measures aimed at limiting the impact of oil market volatility linked to the conflict involving Iran, as energy prices continue to face pressure from geopolitical tensions entering a third month. Brazil extended its emergency fuel support......
BP has announced the sale of a 5% stake in the Browse liquefied natural gas (LNG) project in Western Australia to South Korean energy company GS Energy, marking another step in the British group's ongoing portfolio optimization strategy. The transaction reflects BP’s objective of strengthening......
Stablecoins, a type of cryptocurrency designed to maintain a stable value, may gradually lose their relevance in the coming years as financial systems shift toward more advanced digital alternatives, according to a Bank of England policymaker. Speaking at a conference in Dubrovnik, Croatia, Bank of......
The Central Bank of Syria has announced a one-month extension of the deadline for exchanging old Syrian banknotes, giving citizens and businesses additional time to complete the currency replacement process. The decision comes as part of the country's ongoing monetary reform efforts aimed at modernizing......
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