Egypt buys nearly half a million tonnes of Russian wheat in private deal

Egypt's state grains buyer bought about a half a million tonnes of Russian wheat in a private deal, four traders told Reuters, succeeding in negotiating lower prices than those offered in the more traditional tenders.
5 September 2023, 06:24 AM

Video game development industry at a crossroads

In the global entertainment business landscape, the video games industry has not just grown, it has exploded, eclipsing even the combined revenues of the film and music industries.
5 September 2023, 00:00 AM

German exports remain volatile

German exports fell again in July after a slight rebound in June, official data showed on Monday, as Europe’s biggest economy battles an industrial slowdown.
4 September 2023, 18:00 PM

Half of large Swiss firms faced cyberattacks: study

Nearly half of large companies in Switzerland have already fallen victim to cyberattacks, often with dire consequences, according to a study published Monday.
4 September 2023, 18:00 PM

India steps up coal use to fight outages

India has stepped up the use of coal to generate electricity in a bid to stop outages caused by lower hydroelectricity output, and as an increase in renewables is struggling to keep pace with record power demand.
4 September 2023, 18:00 PM

Tesla, Chinese EV brands jostle for limelight at German fair

One of the world’s biggest auto shows opened in Munich on Monday, with Tesla ending a 10-year absence to jostle for the spotlight with Chinese rivals as the race for electric dominance heats up.
4 September 2023, 18:00 PM

Western companies weigh pros and cons

Should they stay or should they go now? Eighteen months after the start of the war in Ukraine, many Western companies in Russia are still assessing the pros and cons.
4 September 2023, 18:00 PM

With grain deal in focus, Putin to meet Erdogan in Russia

Turkish President Tayyip Erdogan will try to convince Kremlin chief Vladimir Putin to return to a Ukraine grain export deal that helped ease a global food crisis, when the two leaders meet in Russia's Black Sea resort of Sochi on Monday.
4 September 2023, 07:44 AM

Oil steady amid OPEC+ supply cut expectations

Oil prices were stable on Monday, amid expectations that major producers would keep supplies tight, as hopes grew for the Federal Reserve to leave interest rates unchanged to avoid dampening the US economy.
4 September 2023, 07:17 AM

Nepalis hit by rising prices

While a series of measures by India to tighten food, exports has pushed up local prices, the government is making life harder for Nepalis by increasing taxes on food, say analysts.
3 September 2023, 18:00 PM

Canada posts surprise GDP decline

Canada’s economy saw an unexpected 0.2 percent annualized decline in the second quarter, government data showed Friday, as housing investment and consumption slowed.
3 September 2023, 18:00 PM

‘China to widen market access for service industry’

Chinese President Xi Jinping said on Saturday that China would widen market access in the service industry and promote cross-border services trade.
3 September 2023, 18:00 PM

Some US shoppers fearful as organised retail theft rises

Ann McGee, a New Yorker from the borough of Queens, doesn’t like the recent sensation she has when entering stores: fear.
3 September 2023, 18:00 PM

UK says inflation on track to come down

British finance minister Jeremy Hunt said on Saturday inflation was on track to halve by the end of 2023, vowing to focus on the goal as he laid out his priorities ahead of the reopening of parliament after the summer break.
3 September 2023, 18:00 PM

Saudi Aramco considers selling $50b in shares

Saudi Aramco is considering selling a stake worth as much as $50 billion through a secondary share offering on the Riyadh bourse after consultations with advisers, the Wall Street Journal reported on Friday.
3 September 2023, 18:00 PM

Indian automakers post rise in August sales

Top Indian automakers on Friday posted an increase in passenger and commercial vehicle sales for August, as optimistic dealers loaded up vehicles ahead of the festive season.
3 September 2023, 18:00 PM

US manufacturing slump continues into 10th month

The slump in US manufacturing activity continued for a 10th consecutive month in August amid ongoing softness in new orders, survey data showed Friday, with some signs pointing to an improving situation.
3 September 2023, 18:00 PM

Oil jumps to highest in over seven months

Oil prices rose on Friday to their highest in over half a year and snapped a two-week losing streak, buoyed by expectations of tightening supplies.
3 September 2023, 18:00 PM

‘Bangladesh can export $6 billion RMG made from recycled yarn’

The garment makers want a ban on clothing wastage export
3 September 2023, 15:41 PM

Rules relaxed for hiring of former bankers as directors

One can be a bank director five years after retirement or contract
3 September 2023, 14:39 PM