Browsing: Business

ADNOC Drilling Company has secured a $1.15 billion contract from ADNOC Offshore for the deployment of two state-of-the-art jack-up rigs, marking a significant addition to its offshore operations portfolio. The 15-year agreement extends operational coverage through 2040, supporting ADNOC’s long-term production goals while

The European Union and the United States have agreed to expedite trade negotiations, following a high-level phone call between European Commission President Ursula von der Leyen and U.S. President Donald Trump. The agreement marks a renewed diplomatic effort to de-escalate tensions and avoid the imposition of sweeping

U.S. stock markets retreated sharply on Friday as investors reacted to renewed trade threats from US President Donald Trump, raising fresh concerns about international commerce and economic stability. The declines capped a volatile week on Wall Street, with all major indexes heading toward weekly losses.

Japan’s core consumer inflation accelerated in April, climbing 3.5 percent from a year earlier, marking the sharpest rise in more than two years. The increase, driven by reductions in government energy subsidies and a sustained surge in rice prices, underscores persistent inflationary pressures

Austria is forecast to face a third consecutive year of economic recession in 2025, according to the latest macroeconomic outlook published by the European Commission. The country’s economic performance continues to be hindered by subdued investment, restrained household consumption, and weakening exports, all set

Japan’s real wages declined by 2.1 percent in March compared to the same month a year earlier, according to official data released on Friday by the Ministry of Health, Labour and Welfare. The decrease marks the third consecutive month of decline

India and the United Kingdom have finalized a significant bilateral trade agreement, described by the UK government as the most substantial trade deal since its departure from the European Union. Announced Tuesday, the deal marks a strategic deepening of commercial ties between the two

U.S. stocks declined again on Tuesday as trade tensions linked to President Donald Trump’s tariff policies continued to cloud the economic outlook, prompting more companies to pull back financial forecasts. Investor enthusiasm for artificial intelligence-related stocks also appeared to weaken, contributing to the overall market downturn. The S&P

The Food and Agriculture Organization of the United Nations (FAO) released its latest Cereal Supply and Demand Brief on Friday, forecasting a record global rice output for the 2024/25 season. According to the FAO, rice production is expected to grow by

The United States and Ukraine have finalized a landmark agreement granting Washington preferential access to Kyiv’s natural resources in exchange for establishing a joint reconstruction investment fund. The deal, announced Wednesday, concludes months of challenging negotiations and marks a significant development in bilateral ties more than