Browsing: Business

The EU imported 2.7 million tonnes of coffee from non-EU countries in 2023, valued at €10.6 billion, with Brazil and Vietnam supplying 58% of total imports, according to Eurostat.

Federal Reserve Chair Jerome Powell emphasized a cautious approach to future rate cuts, noting that the Fed will act based on economic conditions, inflation trends, and the job market.

MENA Newswire News Desk: The Republic of Korea and the United Kingdom have officially launched a new high-level dialogue platform aimed at…

Global rice prices dropped after India resumed non-basmati white rice exports, easing supply concerns for importers in Asia and Africa and stabilizing the market.

Britain’s last coal-fired power plant, Ratcliffe-on-Soar, closed on Monday, ending over 140 years of coal-powered electricity and marking a key step toward renewable energy.

Russia remains a major energy player despite global challenges, with over 90% of its energy exports going to friendly countries, Putin declared at the Russian Energy Week forum.

MENA Newswire News Desk: The Swiss National Bank (SNB) announced a 25 basis point cut to its policy rate on Thursday, bringing it down…

The Swiss National Bank reduced its interest rate by 25 basis points to 1.00%, marking the third such move in 2024, in response to global market trends and economic pressures.

Gold hits a record high at USD 2,607/oz, reflecting over 25% gains YTD, driven by geopolitical tensions, USD diversification, and macroeconomic uncertainty.

Verses and Analog announced a smart city project in Abu Dhabi to optimize taxi fleet management using AI-driven technology, marking the start of a larger collaboration.