Economy

China's EV export boom fuels surge in demand for new car-carrying ships

Chinese automakers and shippers are ordering a record number of car-carrying vessels to support a boom in EV exports, data showed, putting China on course to amass the world's fourth-largest fleet by 2028. China currently has the world's eighth-largest fleet with 33 car-carrying ships, showed data from shipping consultancy Veson Nautical. Japan has the world's ...

20:26 Et April 10, 2024

OCP Nutricrops Launched: Accelerating a Global Shift to Customized Plant Nutrition

The global leader in soil and plant nutrition solutions, OCP Group, has announced the launch of a new subsidiary – OCP Nutricrops, to accelerate the Group’s transition to ...

16:11 Et April 2, 2024

Oil Up Due To Escalating Geopolitical Tensions

Oil prices increased on Thursday due to supply concerns fueled by Russia's decision to implement output cuts and the unsuccessful attempts to bring about a cease-fire in the ...

11:15 Et March 28, 2024

Adidas posts first loss in 30 years and warns on US

German sportswear giant Adidas, opens new tab posted its first annual loss in more than 30 years on Wednesday and warned sales in North America would fall again as ...

20:56 Et March 13, 2024

Oil Prices Up Following Strong Demand Outlook

Oil prices spiked on Wednesday following data released late Tuesday by the Organization of Petroleum Exporting Countries (OPEC) and the American Petroleum Institute indicating a positive demand outlook. ...

11:00 Et March 13, 2024

Saudi Aramco boosts dividends despite profit fall

Saudi Aramco has reported a steep decline in profits, after the energy giant cut production and oil prices fell sharply in 2023. Its profits fell 25% to $121bn ...

20:09 Et March 10, 2024

US Takes Lead With 21% Share In Global LNG Market

The US has increased its share in the global liquefied natural gas (LNG) trade from 1% in 2016 to 21% by the end of 2023 to become the ...

11:31 Et February 26, 2024

Nvidia Becomes 4Th Most Valuable Firm, Surpassing Amazon With Strong AI Demand

Nvidia became the fourth most valuable publicly traded company in the US, as its market value surpassed Amazon's due to strong demand for artificial intelligence (AI). The stock ...

16:27 Et February 14, 2024

Oil Prices Up As Focus Remains On Middle East Conflict

Oil prices slightly increased in early trade on Tuesday as markets awaited more cues on supply amid the Middle East conflict. The international benchmark crude Brent traded at $78.19 per barrel at 10.28 a.m. local time (0728 GMT), a 0.26% increase from the closing price of $77.99 a barrel in the previous trading session on ...

11:37 Et February 6, 2024

Oil Prices Up Over Potential Regional Escalation In Middle East

Oil prices increased on Monday over the likelihood of an escalation in the Middle East with protracted US airstrikes on Iran-backed groups. The international benchmark crude Brent traded ...

11:14 Et February 5, 2024
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