Browsing: Business
The European Commission finalized a major expansion of the European Union’s flagship orbital communications network on Friday, concluding months of commercial negotiations with the SpaceRISE industrial consortium. Under a newly signed implementation agreement, the Infrastructure for Resilience, Interconnectivity and Security
Oil prices fell further on Wednesday after a steep two-day selloff pushed Brent and U.S. crude to three-week lows. Brent crude futures dropped 92 cents, or 1.2%, to $78.44 a barrel by 3:30 a.m. GMT. West Texas Intermediate crude lost
Annual inflation across OECD economies slowed to 4.2% in June 2026 from 4.6% in May. The decline ended three consecutive months of rising headline inflation. Consumer price growth eased in 20 member countries and increased in six. Inflation remained stable
Oil prices jumped on July 29 as Brent crude settled above $90 a barrel. Renewed Middle East conflict and a steep drop in U.S. inventories drove the advance. Brent gained $6.65, or 7.9%, to close at $90.74 a barrel. West
UK solar power capacity reached 22.8 gigawatts at the end of June 2026, marking another increase in national deployment. The Department for Energy Security and Net Zero counted about 2.076 million installations across the country. Households and businesses added 27,391
The Union Cabinet chaired by Prime Minister Narendra Modi approved a landmark national initiative on Friday to accelerate hydrocarbon discovery across Indian ocean basins. Official government releases published by the Press Information Bureau confirmed that the Cabinet approves Rs 84,084
Official national economic tracking data released on Friday confirms the Canadian economy grew 0.3 per cent in May, extending a broader economic recovery into a second consecutive month and surpassing earlier government forecasts. According to monthly Gross Domestic Product figures
Private sector wage growth hits six year low in the United Kingdom as official earnings figures show regular pay in the private sector slowed to 2.9 percent in the three months to May 2026. Data published by the Office for
Indonesia expects the Abadi Masela LNG project to deliver about $37.8 billion in direct government revenue. Energy and Mineral Resources Minister Bahlil Lahadalia also projected $6.43 billion in indirect tax receipts. Officials released the figures after a July 16 groundbreaking
Egypt’s net international reserves reached a provisional $55.0723 billion at the end of June 2026. The total exceeded $55 billion for the first time and marked a record high. The Central Bank of Egypt announced the figure on July 8.