Browsing: Business

– In July 2026, South Korea’s vehicle exports surged by 7.0% year-on-year to reach US$6.24 billion, marking the highest monthly total ever recorded for July. This figure surpasses the previous July high of US$5.90 billion set in 2023. The Ministry

– On Monday, U.S. ultra-low sulfur diesel futures jumped 7.4% to reach $4.19 a gallon, marking the largest single-day increase since July 13. By early Wednesday, the contract hovered around $4.28 a gallon. Meanwhile, European diesel refining margins remained elevated,

– Gold continued its upward momentum for a third straight session on Tuesday, as bullion extended the rebound seen last week. The spot price increased by 1% to $4,432.74 an ounce by 0217 GMT, reaching its highest point since June

– Official data revealed that Denmark’s annual inflation rate decreased to 1.7% in July from 1.9% in June. Statistics Denmark reported that consumer prices increased by 1.3% from the previous month. The core inflation rate remained steady at 2.3%, matching

– According to a report by Triodos Bank, extreme heat and drought conditions across Europe could slash about 1% from the European Union’s economic output in 2026. This estimated loss, roughly €180 billion, occurs amid a year already characterized by

– South Korea is experiencing significant surges in the cost of fresh produce as unprecedented heat waves impact farming and vegetable availability. According to data from Korea Agro-Fisheries & Food Trade Corp., spinach reached 1,978 won per 100 grams on

– Following extensive multi-party negotiations in Brussels over several months, European space authorities finalized a significant upgrade to the EU’s leading satellite communications system on Friday. The European Commission officially announced the signing of a contract to enhance IRIS2 satellite

– The Bank of Korea announced that South Korea’s current account surplus hit a record high of $49.73 billion in June, driven by a significant rise in semiconductor exports. This figure marked a notable jump from the previous peak of

– In July, Eurozone manufacturing experienced growth, with factory output reaching its fastest rate in nearly four and a half years. The S&P Global manufacturing PMI increased to 51.9 from 51.4 in June. A figure above 50 indicates expansion. Although

– The European Union has officially launched the Scaleup Europe Fund with a target of raising €5 billion. The European Commission finalized the necessary legal procedures on August 4. Operating within the European Innovation Council Fund, the initiative concentrates on