Browsing: Business

Egypt and Spain signed a landmark Development Partnership Agreement for 2025 to 2030 on Thursday in Cairo, marking the first of its kind between the two countries. The signing took place during the state visit of King Felipe VI and

The European Central Bank (ECB) and European Union member states are close to finalizing a political agreement that could unlock the stalled digital euro project, following a new proposal that transfers more authority to national governments over key aspects of

Japan’s trade deficit narrowed more than expected in August, supported by a smaller decline in exports and a sharper drop in imports, according to official data released Wednesday by the Ministry of Finance. The country posted a trade deficit of

The European Commission has unveiled plans to eliminate key energy transmission bottlenecks across the European Union in an effort to stabilise electricity prices and strengthen the bloc’s internal energy market. The initiative was announced by Commission President Ursula von der

The United States has officially reduced tariffs on Japanese automobile and auto parts imports to 15 percent, a significant drop from the previous 27.5 percent rate. The revised tariff took effect at 12:01 a.m. Eastern Daylight Time on Tuesday, September

China’s economic slowdown intensified in August, with multiple key indicators falling short of expectations, underscoring persistent challenges across consumption, industry, investment and the property market. Data released Monday by the National Bureau of Statistics showed retail sales rose 3.4 percent

OpenAI has signed a new agreement with Microsoft that will change its corporate structure while reaffirming one of the most closely watched partnerships in the artificial intelligence sector. The two companies announced on September 11 that they have entered into

German business presence in Abu Dhabi has recorded a significant increase, with membership at the Abu Dhabi Chamber of Commerce and Industry rising by 17 percent year-on-year as of the end of August 2025. The increase marks a notable uptick

U.S. federal agents detained nearly 500 workers in a large-scale immigration raid at Hyundai Motor Group’s electric vehicle and battery complex in Ellabell, Georgia, marking the country’s largest single-site enforcement action in recent years. The operation, carried out on September

Germany’s factory orders fell sharply in July, posting the biggest monthly drop since January and signaling renewed weakness in the country’s industrial sector. The data, released by the Federal Statistics Office on Friday, September 5, showed a 2.9 percent decline