Browsing: Business

European markets fell Wednesday after EU economic sentiment data showed declines, raising growth concerns. Shell shares dropped 2.2% following lower LNG and chemicals forecasts.

ADNOC L&S completes an $1.04 billion acquisition of 80% of Navig8, strengthening its global maritime logistics footprint and setting plans to acquire the remaining stake by 2027.

U.S. stock futures extended gains for the third day, led by Nvidia’s rise after launching new chips. Analysts expect volatility ahead as investors await key economic reports this week.

Asian markets mixed as China stocks drop on weaker manufacturing, while Singapore’s GDP grew 4% in 2024, reflecting economic resilience amid global uncertainties and trade pressures.

Japan approved a record $730 billion budget for fiscal 2025, prioritizing defense and social programs to address security concerns and rising costs from its aging population.

The US launched a probe into China’s semiconductor industry over alleged anti-competitive practices, raising concerns about trade policies and supply chain vulnerabilities.

Oil prices rose Wednesday after U.S. crude inventories fell, but gains were capped as the Federal Reserve hinted at slower rate cuts. A stronger dollar also tempered optimism.

T. Rowe Price forecasts US Treasury yields may reach 6% in 2025 as persistent deficits, inflation risks, and global bond selloffs put increasing pressure on the US fiscal outlook.

The European Union allocated €381.4 billion to research and development (R&D) in 2023, reflecting a 6.7% increase from the previous year’s expenditure…

Wage inequality has declined in two-thirds of nations since 2000, with significant progress in low-income countries, but high disparities and uneven regional wage growth persist, according to the ILO report.