Browsing: Business

The EU imported €478 billion in high-tech products in 2023, with China and the US leading the list of suppliers. Exports grew by 3 percent, reaching €461 billion.

The Global Commission on Clean Energy, led by IEA, met at the G20 to discuss equitable, affordable transitions in energy, addressing key issues for fairer global policies.

The US economy added 254,000 jobs in September, beating projections of 140,000. The unemployment rate dipped to 4.1%, showing continued strength in the labor market.

IFC secured $56B in financing in 2024, allocating 40% to climate-related projects, marking a record-breaking year for the organization’s commitment to global climate initiatives.

The World Economic Forum launched a platform to boost clean energy investment with 100 solutions from 47 countries, aiming to unlock $1.7 trillion in finance for emerging markets.

MENA Newswire News Desk: A new report by the International Energy Agency (IEA) reveals a surge in low-emissions hydrogen projects, driven by increasing investment and development. However, the report underscores the need for stronger policies to boost demand in critical sectors such as heavy industry, refining, and long-distance transport to speed up deployment. The IEA’s Global Hydrogen Review 2024 points to significant progress in low-emissions hydrogen, despite ongoing regulatory uncertainties, cost pressures, and a lack of demand incentives. The report notes that these challenges have not deterred momentum, as evidenced by a growing number of projects moving toward final investment decisions. Over the past year, the number…

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.

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.

The Republic of Korea and the UK have launched a high-level dialogue platform to enhance economic and financial cooperation, focusing on supply chains, security, and climate change issues.