Economy
German sportswear giant Adidas, opens new tab posted its first annual loss in more than 30 years on Wednesday and warned sales in North America would fall again as sportswear retailers in the U.S. struggle with high inventories. Adidas has been battling to right itself after it cut ties with Kanye West in October 2022, suspending ...
Oil prices spiked on Wednesday following data released late Tuesday by the Organization of Petroleum Exporting Countries (OPEC) and the American Petroleum Institute indicating a positive demand outlook. ...
Saudi Aramco has reported a steep decline in profits, after the energy giant cut production and oil prices fell sharply in 2023. Its profits fell 25% to $121bn ...
The US has increased its share in the global liquefied natural gas (LNG) trade from 1% in 2016 to 21% by the end of 2023 to become the ...
Nvidia became the fourth most valuable publicly traded company in the US, as its market value surpassed Amazon's due to strong demand for artificial intelligence (AI). The stock ...
Oil prices slightly increased in early trade on Tuesday as markets awaited more cues on supply amid the Middle East conflict. The international benchmark crude Brent traded at ...
Oil prices increased on Monday over the likelihood of an escalation in the Middle East with protracted US airstrikes on Iran-backed groups. The international benchmark crude Brent traded ...
Business chiefs warned on Wednesday that disruption to shipping in the Red Sea caused by attacks by Yemen's Houthi militants could affect supply chains for months and lead ...
Europe is more prepared than last year in having sufficient energy supplies, even in the event of anticipated cold spells, experts have said. Europe, in a bid to reduce natural gas imports from Russia, increased liquefied natural gas (LNG) purchases, stocked up gas in storage facilities and raised the share of renewable energy in its ...
Both oil benchmarks saw modest rises on Wednesday, fueled by optimism over US demand, as investors braced for impending economic data signaling the Federal Reserve's (Fed) next policy ...
