Browsing: Business

UK retailers face rising costs and insolvencies following budget changes, with calls for urgent support to counter weak sales and economic uncertainty.

Japan approved a record $730 billion budget for fiscal 2025, prioritizing defense and social programs to address security concerns and rising costs from its aging population.

China’s industrial profits fell 4.7 percent in the first eleven months of 2024, according to the National Bureau of Statistics, highlighting ongoing economic challenges.

The US launched a probe into China’s semiconductor industry over alleged anti-competitive practices, raising concerns about trade policies and supply chain vulnerabilities.

Oil prices rose Wednesday after U.S. crude inventories fell, but gains were capped as the Federal Reserve hinted at slower rate cuts. A stronger dollar also tempered optimism.

FedEx announces plans to spin off FedEx Freight into a new public company within 18 months, creating North America’s largest LTL carrier and boosting operational efficiency.

Nike CEO Elliott Hill outlines strategies to revive growth by refocusing on performance and scaling back discounts, despite recent revenue and profit declines.

ADNOC L&S expanded its offshore operations in 2024, acquiring 20 assets, securing 19 JUB contracts, and boosting revenues 51% to $1.67 billion, marking robust regional and global growth.

OPEC Fund signs its first loan agreement with Montenegro, committing €50 million to bolster fiscal sustainability, climate action, and green projects, with support from the World Bank and AfD.

DP World launches construction on Senegal’s $1.2 billion Port of Ndayane, designed to accommodate the largest container ships and transform the country into a major global trade hub.