Browsing: Business

Japan imported 27.16 million barrels of oil from the UAE in November 2024, representing 38.2 percent of its total imports, highlighting the UAE’s role in Japan’s energy security.

French business confidence has dropped for the third straight month, hitting its lowest level since July as fiscal uncertainty and political instability impact hiring and investment.

Germany’s economic contraction extended into December, marking six straight months of decline as weak manufacturing output offset modest stability in the services sector.

UK retailers face rising costs and insolvencies following budget changes, with calls for urgent support to counter weak sales and economic uncertainty.

Japan approved a record $730 billion budget for fiscal 2025, prioritizing defense and social programs to address security concerns and rising costs from its aging population.

China’s industrial profits fell 4.7 percent in the first eleven months of 2024, according to the National Bureau of Statistics, highlighting ongoing economic challenges.

The US launched a probe into China’s semiconductor industry over alleged anti-competitive practices, raising concerns about trade policies and supply chain vulnerabilities.

Oil prices rose Wednesday after U.S. crude inventories fell, but gains were capped as the Federal Reserve hinted at slower rate cuts. A stronger dollar also tempered optimism.

FedEx announces plans to spin off FedEx Freight into a new public company within 18 months, creating North America’s largest LTL carrier and boosting operational efficiency.

Nike CEO Elliott Hill outlines strategies to revive growth by refocusing on performance and scaling back discounts, despite recent revenue and profit declines.