Browsing: Business

The United Arab Emirates’ real gross domestic product (GDP) reached AED1,776 billion in 2024, reflecting a year-on-year growth rate of 4 percent, according to figures released by the Federal Competitiveness and Statistics Centre. This expansion underscores the continued momentum in

The Food and Agriculture Organization of the United Nations (FAO) has projected a record global cereal production of 2,911 million tonnes in 2025, marking a 2.1% increase compared to 2024 levels. The forecast was released on Friday in the FAO’s latest Cereal

China’s consumer prices declined for a fourth consecutive month in May, heightening concerns over persistent deflation and sluggish domestic demand despite ongoing government stimulus efforts. Data released by the National Bureau of Statistics on Monday indicated that the consumer price index

China’s exports to the United States collapsed in May, plunging 34.5% year-on-year in the sharpest drop since the pandemic-era crash of early 2020. The dramatic fall underscores escalating trade tensions and the deepening economic fallout from tit-for-tat tariffs between Washington and Beijing, even as both

Rents declined across most major U.S. metro areas in May, marking the largest year-over-year drop in two years as rising supply outpaced demand, according to new data from Redfin. Out of 44 major core-based statistical areas analyzed, 28 recorded annual rent decreases,

In the first quarter of 2025, the euro area and the European Union both registered a seasonally adjusted GDP growth of 0.6% compared to the previous quarter, according to data released by Eurostat, the statistical office of the European Union. This marks

The European Union’s nuclear sector currently contributes €251.2 billion annually to the region’s economic output and sustains more than 883,000 jobs, according to a recent report commissioned by Brussels-based industry association Nucleareurope and prepared by Deloitte. The study evaluates both the current

Japan’s Cabinet has approved a comprehensive five-year plan to enhance the country’s disaster resilience, committing more than 20 trillion yen ($139 billion) toward bolstering critical infrastructure through 2030. The sweeping initiative responds to the growing vulnerabilities of Japan’s aging infrastructure and

U.S. President Donald Trump reacted angrily this week to a question referencing the growing use of the term “TACO trade” on Wall Street, a mocking acronym that stands for “Trump Always Chickens Out.” The label reflects investor frustration over Trump’s pattern of imposing or threatening

Nvidia Corporation reported mixed first-quarter results, outperforming revenue and earnings expectations but acknowledging significant challenges related to U.S. export controls affecting its China operations. The chipmaker posted revenue of $44.1 billion for the quarter ending April 27, exceeding analyst estimates of $43.3 billion.