Newsletter
Apple opens first store in India
Apple has opened its first store in India and is planning a "major expansion" in the country. Group CEO Tim Cook personally opened the store in Mumbai and hundreds of people attended the opening. Apple is not only hoping to drive consumer spending in India, …
Indonesia plans free trade agreement for battery raw materials
Indonesia, the world's largest nickel producer, is planning a free trade agreement with the United States for battery raw materials to attract American investors to its mineral resources. Last year, the government imposed an export ban on nickel ore to create …
IMF warns of risky global economy
According to the International Monetary Fund (IMF), the world economy is in a "risky phase" as global economic growth is expected to decline due to persistently high inflation. The IMF has revised its forecast for global growth from 2.9 percent in January to …
Warren Buffett Considers Additional Investment in Japanese Stocks
Warren Buffett, CEO of Berkshire Hathaway, plans to invest in Japanese stocks. According to the Nikkei report, he already holds a 7.4% stake in each of five Japanese trading houses, including Itochu Corp. This is another investment in Japan for the …
Gold prices fall slightly due to dollar recovery
Gold prices fall slightly as the dollar recovers and the market is waiting for signals from the U.S. jobs report. Spot gold prices fell 0.1% to $2,018.53 per ounce, but remained up 2.6% on economic concerns. U.S. gold futures also slipped 0.1% to USD 2,034.30. …
OPEC+ cuts oil production - prices rise
The production cuts by the OPEC+ countries are causing a drastic increase in the price of oil on the international market. Prices rise sharply as supply is tightened. Eight OPEC+ producer countries have announced that they will cut their oil production …
Germany plans energy savings of 26.5% by 2030
The German government plans to require the private and public sectors to cut energy consumption by 26.5% by 2030 compared with 2008 levels, according to draft legislation seen by Reuters. The move is driven by concerns that continued low Russian gas supplies …
Shell halts biofuel projects in Singapore
Shell has decided not to proceed with two projects in Singapore aimed at producing biofuels and base oils. This was confirmed by a spokesman for the company on Thursday. In an email to Reuters, the company said, "We can confirm that we will stop exploring two …
Kurds halt oil exports: $6 billion owed to traders
The suspension of oil exports from Kurdistan has led to the interruption of repayments of six billion U.S. dollars in debt to energy traders such as Vitol and Petraco, trade sources told Reuters. Oil exports from semi-autonomous Iraqi Kurdistan to Turkey's …
Alibaba plans to split into six companies
Chinese online retail giant Alibaba is planning a major change: the company will be split into six independent companies that may go public separately. The group itself will operate as a holding company in the future. The goal of the reform is to make the …