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Economy
Renewable energy constitutes 44.7 percent of EU electricity production in 2023: Report
Electricity and gas bills decreased in the second half of 2023
Markets
Oil prices surge amid weaker dollar, rate cut bets
Brent oil futures for September delivery increased 0.3 percent to $85.29 per barrel
Technology
Apple Intelligence: What is it, and when can you use it
Here’s everything you should know about Apple Intelligence
Logistics
China’s social logistics sector posts $18.62 trillion in first 5 months of 2024
Industrial product logistics increased by 5.7 percent year-on-year
Economy
Saudi Arabia encourages UK investors to enter Kingdom’s sports industry
The sports and entertainment industry in the Kingdom grew at an annual pace of 12 percent between 2018 and 2023
Economy
Britain’s GDP expands by 0.7 percent in Q1 2024, but long-term growth outlook remains fragile ahead of election
The economy had contracted for two consecutive quarters in the second half of 2023, indicating a recent recession
Economy
Chinese automakers set to capture 33 percent global market share by 2030: Report
By 2030, Chinese brands are likely to be dominant force around the world, selling nine million units outside China
Markets
Oil prices surge on fears of disruptions in Russia and Middle East, defying inventory build
Brent oil futures expiring in August rose 0.4 percent to $86.73 a barrel
Banking & Finance
Remittance flows to low-middle-income countries moderated in 2023, reaching $656 billion: World Bank
Remittances to LMICs are expected to grow 2.3 percent in 2024, but unevenly across regions
Banking & Finance
OPEC fund approves $605 million in new development financing for over 14 countries
Fund approves $3 million grant to establish the OPEC Fund Food Security and Climate Adaptation Facility
Markets
Japanese yen tumbles to 160 against dollar, hitting 37-year low
The strong U.S. dollar is driven by expectations the Fed will keep rates high due to a robust economy
Logistics
WTO’s $648 billion funding helps integrate developing economies into global trade
Africa and Asia are the main geographical destinations that receive 70 percent of Aid for Trade funding
Markets
Oil prices fall amid dollar strength; U.S. inventory build spurs demand fears
Brent oil futures for August delivery dropped 0.4 percent to $84.91 per barrel
Markets
Oil prices dip amid lingering demand concerns, U.S. inventory build
Brent oil futures expiring in August fell 0.1 percent to $84.90 per barrel
Technology
Apple is planning thinner iPhones, but that might not be enough to satisfy its users
Apple needs to pay attention to other issues as well
Technology
What’s next for Tesla and Elon Musk after massive pay package vote
Shareholder approval means little for Elon Musk, say lawyers
Markets
Oil prices edge higher on hopes of summer demand surge, potential supply disruptions
Brent crude oil futures for August delivery rose 0.1 percent to $86.07 per barrel,
Logistics
Global air cargo rates hold firm on strong demand in Middle East, Asia: Report
Middle East and South Asia region witnesses the strongest growth with a 52 percent increase in rates and a 13 percent increase in tonnages
Markets
Oil prices dip as dollar rises, investors await key inflation data
Brent oil futures expiring in August fell 0.4 percent to $84.88 a barrel
Energy
Global energy demand reaches new high in 2023, fossil fuels maintain dominant share: Report
Energy transition stalls as global primary energy demand rises to 620 Exajoules in 2023
Hospitality & Tourism
Japan adopts digital system to screen visa-exempt travelers ahead of entry
The move aims to prevent illegal overstaying and enhance border security by screening visitors in advance
Economy
Asia’s developing economies home to 60 percent of world’s mega projects: Report
Total deals in West Asia increased to 94 in 2023 from 50 in 2022, with values growing by 32 percent to $57 billion
Markets
Oil prices poised for second consecutive weekly gain on improving demand, inventory declines
Brent crude futures for August delivery dipped slightly by 15 cents to $85.56 per barrel
Banking & Finance
What is an ETF? Explaining exchange traded funds
ETFs are investment vehicles that track the performance of a specific market index, such as the STI or the S&P 500
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