Browsing: Business

European automakers urge EU-US trade resolution, citing risk to 500,000 jobs and 750,000 vehicle exports.

OPEC+ to raise oil output by 411,000 bpd in May as market outlook strengthens, maintaining flexible adjustment plans.

Nvidia leads hedge fund AI picks with a $2.19B stake and strong data center growth, backed by Cliff Asness and surging global demand for its AI chips.

EU posts €11.1B trade deficit in aluminium for 2024 as imports outpace exports despite volume declines.

Electronic payments in Korea reached a new record in 2024, signaling growing consumer adoption of contact-free financial transactions.

World coffee prices surged 38.8% in 2024, and FAO warns they may rise further in 2025 due to supply disruptions in Vietnam, Brazil, and Indonesia.

U.S. stock futures rise as markets stabilize following a sharp sell-off triggered by recession concerns and economic uncertainty.

Partner2Connect Digital Coalition reaches $73B in pledges, driving ITU’s mission to expand global connectivity and bridge the digital divide.

Nvidia shares fall 9% as new tariffs take effect, erasing $265 billion in value and shaking investor confidence in the AI chipmaker.

U.S. jobless claims climbed to 242,000 last week, hitting a three-month high as layoffs increase in both corporate and government sectors. The labor market remains strong.