Browsing: Business

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

Denmark should reconsider adopting the euro to deepen its integration within the European Union and bolster resilience against global uncertainty, according to the country’s central bank governor Christian Kettel Thomsen. Speaking Thursday in Copenhagen, Thomsen said joining the eurozone could

A group of eight U.S. and Indian venture capital and private equity firms has launched a $1 billion investment alliance aimed at accelerating the growth of India’s deep tech sector. The newly formed India Deep Tech Investment Alliance was announced

Egypt has announced a substantial investment plan totaling EGP 136.3 billion for its electricity and renewable energy sectors in the fiscal year 2025/26. The allocation, disclosed by the Ministry of Planning, Economic Development and International Cooperation, represents an 87.7 percent

Egypt’s central bank cut its benchmark interest rates by 200 basis points on Thursday, bringing the overnight deposit rate to 22 percent and the lending rate to 23 percent, as policymakers moved to ease monetary conditions amid falling inflation and

The Abu Dhabi National Oil Company (ADNOC) has signed a 15-year Sales and Purchase Agreement with Indian Oil Corporation Ltd (IndianOil) for the supply of one million tonnes per annum of liquefied natural gas. The LNG will be primarily sourced