Browsing: Business

China’s economic landscape is undergoing a seismic shift as it witnesses deflation for the first time since early 2021. Official data reveals a 0.3% decline in the consumer price index for July. This downturn trails reports from the previous day

In a staggering turnaround, WeWork, once pegged at a valuation of $47 billion, saw its shares plummet to near zero. The company sounded the bankruptcy alarm, marking a monumental downfall for a startup that was once the apple of the investment

In a setback to the vibrant housing sector, the U.S. saw a slight dip in new single-family home sales in June, after a triumphant surge over three consecutive months. The overarching trend, however, remains resilient, buoyed by the enduring demand

Masdar and Iberdrola have entered into a strategic agreement to co-invest in Baltic Eagle, a 476-megawatt (MW) offshore wind farm situated in the German Baltic Sea. Under the terms of the agreement, valued at around €1.6 billion, Iberdrola will retain a majority 51% stake

Mubadala Energy, a global energy player, and Pertamina, Indonesia’s state-owned integrated energy firm, have joined forces. The collaboration focuses on energy transition initiatives, specifically exploring the potential of carbon capture, utilisation, and storage (CCUS) applications in Indonesia. The partnership aligns with Mubadala Energy’s mission

The advent of Meta’s Threads app, while a significant milestone in the social media sphere, has raised significant concerns for Twitter, particularly amidst recent internal turbulence. Twitter, once a colossus in the microblogging space, now finds itself in precarious waters,

In a further blow to the precious metals market, gold prices plummeted to their lowest levels since mid-March. A resurgent dollar has caused the gold market to stumble, pushing the prices into a downward spiral, according to a report by

The European Union (EU) saw an impressive surge in its bicycle trade sector in 2022, registering a notable growth rate of 22 percent over the previous year. The year-end export figures stood at an astounding €1.1 billion, as unveiled on

Global stocks and oil prices surged on Monday as investors cautiously welcomed news of an agreement that could prevent a catastrophic default on US debt. Germany’s DAX and France’s CAC 40 showed early gains of 0.3% and 0.2%, respectively. In

Global investment in clean energy is projected to reach an impressive $1.7 trillion in 2023, marking a significant milestone as solar energy surpasses oil production for the first time. A new report from the International Energy Agency (IEA) highlights that