Browsing: Business

TOKYO, October 23, 2025: Japan’s largest power generation company, JERA Co., Inc., announced on Thursday that it will acquire full ownership of shale gas assets in Louisiana for approximately 1.5 billion dollars. The acquisition marks a significant expansion of JERA’s

VIENNA, October 23, 2025: The OPEC Fund for International Development has arranged a US$30 million syndicated loan facility for Armenia’s Evocabank to strengthen financing for micro, small and medium-sized enterprises (MSMEs) and support climate-related investments in the country. The financing

SEOUL, 23 October 2025: The Bank of Korea (BOK) kept its benchmark interest rate unchanged at 2.50 percent on Thursday, maintaining a cautious stance amid persistent concerns over housing prices, a weakening national currency, and moderate inflation pressures. The decision

NEW DELHI, India, Oct. 22: Prime Minister Narendra Modi’s administration, in power since May 2014, has implemented a series of large-scale programs that have reshaped India’s economy, infrastructure, and welfare landscape. The government’s financial-inclusion drive began with the Pradhan Mantri

October 22, 2025, New York: Gold and silver prices plunged sharply on Tuesday, posting their largest single-day percentage declines in years and striking the precious-metals market with a broad correction. Spot gold dropped as much as 6.3 percent to about

Geneva, Switzerland, October 21, 2025: Developing nations are facing a combined public debt burden of approximately US$31 trillion, according to figures presented at a United Nations Conference on Trade and Development (UNCTAD) summit in Geneva. Officials said the scale of

BEIJING, October 20, 2025: China’s economy grew by 4.8% in the third quarter of 2025 compared to the same period last year, in line with expectations but reflecting the slowest pace of expansion in a year. Data released Monday by

BRUSSELS, October 18: Annual inflation in the euro area rose to 2.2 percent in September 2025, up from 2.0 percent in August, according to data released Friday by Eurostat. The increase marks the first acceleration in consumer price growth since April and pushes inflation slightly above

SEOUL, 18 October 2025: Import prices in the Republic of Korea rose for the third consecutive month in September, driven by a weaker local currency and rising global energy prices, according to official data released Friday by the Bank of

VEVEY, Switzerland, Oct 17, 2025: Nestlé SA announced Thursday that it will eliminate 16,000 jobs globally over the next two years as part of a broad cost-reduction plan, marking one of the largest workforce restructurings in the company’s history. The decision follows