Business

World Food Prices Dip in October, but Remain Higher Than a Year Ago

Business A worker carries loaves of bread for sale at a bakery in the capital city of Cairo, Egypt November 4, 2026. (Reuters)

World Food Prices Dip in October, but Remain Higher Than a Year Ago

World food prices edged lower in October as weaker import demand contributed to monthly declines in cereal, dairy and meat prices, but were still nearly 6%…

Business Copper at the Aurubis copper smelting and refining plant in Hamburg, Germany. (Reuters)

Copper Falls, Set for Worst Week Since March on AI Rout

Copper dropped on Friday and was set for its biggest weekly drop in London since March, as a rout in technology stocks battered markets. Benchmark three…

Asharq Al Awsat
Business Workers walk at Kalyon Karapinar solar power plant in Karapinar, Konya province, Türkiye, Oct. 14, 2026. (AP)

Emerging Economies Set to Match Advanced Nations’ Renewable Capacity Additions, IEA Says

Emerging ‌and developing economies outside China are expected to add as much new renewable energy capacity as advanced economies for the first time over…

Business Gold bracelets displayed in a shop window on Green Street, east London, UK, April 30, 2024. (AFP)

Gold Drops Over 1% on Higher Oil Prices; US Payrolls Data in Focus

Gold prices slipped on Friday as oil prices rebounded, fanning inflation worries and higher-for-longer interest rate expectations, while investors awaited key…

Business A pumpjack operates near Bakersfield, California, on Oct. 16. (AFP)

Oil Set for Sharp Weekly Drop but Middle East Supply Concerns Provide Floor

Oil prices are set for a sharp weekly drop on expectations of a de-escalation of the Iran war after US President Donald Trump's party suffered election losses,…


Business A woman walks next to the logo for Carlyle at the company’s offices in New York City, US, June 28, 2022. Picture taken June 28, 2022. REUTERS/Brendan McDermid/ File Photo Purchase Licensing Rights

Carlyle Creates New Med Oil, Gas Company with $945 mln Energean Deal

Carlyle (CG.O), will form a new Mediterranean-focused oil and gas company led by former BP (BP.L), CEO Tony Hayward after the private equity fund agreed to…

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Business A businessman walks in Tokyo's business district, Japan·Reuters

Most Japan Firms See No Need to Follow the US with Tariffs on China

Most Japanese companies see no need for their government to follow the US in raising tariffs on Chinese imports, saying excessive production capacity in China…

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Business The European Union flag inside the atrium during an EU summit at the European Council building in Brussels, Monday, June 17, 2024. (AP Photo/Omar Havana)

EU States Agree on 14th Sanctions Package Against Russia

European Union countries agreed on a 14th package of sanctions against Russia over its war in Ukraine, diplomats said on Thursday, including a ban on re…

Asharq Al Awsat
Business Gold bullion displayed in a store in the German city of Pforzheim (dpa)

Gold Hits Two-week High on Fed Rate Cut Bets

Gold prices touched a two-week high on Thursday, as softer US economic data increased the likelihood of interest rate cuts from the Federal Reserve this year…

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Business An aerial view shows Vladimir Arsenyev tanker at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana Meel/File Photo Purchase Licensing Rights

Brent Rises on Middle East War Jitters, While WTI Dips Ahead of Inventories Report

Brent crude futures edged up in early trade on Thursday as Israeli tanks advanced into Gaza, while US crude futures dipped on the prospect of swelling oil…

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Business Workers unload coal from a supply truck at a yard on the outskirts of Ahmedabad, India October 12, 2021. REUTERS/Amit Dave/File Photo Purchase Licensing Rights

India's Coal-based Power Demand at All-time High

India's demand for coal-based power has risen by 7.3% this fiscal year to an all-time high, the government said in a statement on Wednesday. Peak demand for…

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Business FILE PHOTO: The logo of technology company Nvidia is seen at its headquarters in Santa Clara·Reuters

Nvidia Eclipses Microsoft as World's Most Valuable Company

Nvidia became the world's most valuable company on Tuesday, dethroning tech heavyweight Microsoft as its high-end processors play a central role in a scramble…

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Business The risk of a resurgence in inflation and the July 4 election are seen as keeping the Bank of England from starting to cut rates at its Thursday meeting ( AFP)

BoE Set to Sit Tight on UK Rate

The Bank of England was set to hold its interest rate steady on Thursday despite slowing UK inflation, with higher price risks and Britain's looming election…

Asharq Al Awsat
Business Gold bullion displayed in a store in the German city of Pforzheim (dpa)

Gold Gains Traction on Weak US Economic Data

Gold prices edged up on Wednesday after data suggesting lacklustre US economic activity kept alive hopes for at least one interest rate cut this year. Spot…

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Business A pumpjack brings oil to the surface in the Monterey Shale, California, US April 29, 2013. REUTERS/Lucy Nicholson/File Photo

Oil Hits Seven-week High on Demand Hopes, War Jitters

Oil prices hit seven-week highs on Wednesday as summer demand optimism and concerns over escalating conflicts offset an industry report that said US crude…

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Business FILE PHOTO: Prices of food are displayed at the Borough Market as the UK inflation rates fall by less than expected in London, Britain May 22, 2024. REUTERS/Maja Smiejkowska/File Photo

UK Inflation Back to 2% Target for 1st Time Since 2021

British inflation returned to its 2% target in May for the first time in nearly three years, data showed on Wednesday, but underlying price pressures remained…

Asharq Al Awsat (London)
Business A European Union flag flutters outside the EU Commission headquarters, in Brussels, Belgium, February 1, 2023 (Reuters)

Annual Inflation in Euro Zone Rose to 2.6% in May

Annual inflation in the euro zone accelerated in May, as initially expected, driven largely by the cost of services, while economists said the European Central…

Asharq Al Awsat (London)
Business A BYD Ocean-M electric car is displayed at the Beijing Auto Show in Beijing on April 25, 2024. (Photo by Pedro PARDO / AFP)

Chinese Automakers Seek Retaliatory Tariffs on EU Cars

Chinese automakers have urged Beijing to retaliate against Brussels' decision to place curbs on Chinese electric vehicle exports by raising tariffs on imported…

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Business Dredger Vox Maxima is anchored in the waters as workers clean up an oil slick at Siloso Beach in Sentosa, Singapore June 18, 2024. REUTERS/Edgar Su

Shell to Acquire Singaporean LNG firm Pavilion Energy from Temasek

Shell has agreed to buy Singaporean liquefied natural gas (LNG) company Pavilion Energy from global investment company Temasek in a move the oil major said…

Asharq Al Awsat (Singapore)
Business FILE PHOTO: Brine pools used to extract lithium are seen next to a lithium mining camp at the Salar del Rincon salt flat, in Salta, Argentina August 12, 2021. REUTERS/Agustin Marcarian/File Photo

Source: Coal India Exploring Lithium Assets in Argentina with US Firm

State-run Coal India Ltd is exploring lithium blocks in Argentina along with a US company to secure supplies of the battery material, an Indian source with…

Asharq Al Awsat (New Delhi)
Business The deal provides for Vaar to deliver up to 5 billion cubic meters of gas over the period from 2024 to 2036 to VNG. Photo: VNG website

Norway's Vaar Extends Gas Deal with Germany's VNG by 12 Years

Vaar Energi has extended by 12 years a long-term pact to supply natural gas to Germany's VNG, the Norwegian company said on Tuesday. Norway became Europe's…

Asharq Al Awsat (Oslo)
Business People are seen at the arrival lounge at Beirut International Airport, Lebanon. (Asharq Al-Awsat)

Lebanon Tourism Season Revives Economic Outlook

The surge in visitors to Lebanon during Eid al-Adha and high demand for summer concert bookings are boosting hopes for a revival in tourism. This sector is…

Ali Zeineddine (Beirut)
Business Gold bars from the vault of a bank are seen in this illustration picture taken in Zurich November 20, 2014. REUTERS/Arnd Wiegmann/File Photo

Gold Prices Flat as Market Focus Turns to Fed Speakers

Gold prices were flat on Tuesday with market participants awaiting US data and comments from Federal Reserve officials for more clarity on the central bank's…

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Business Saudi Arabia ranked 16th out of 67 of the world's most competitive countries. (SPA)

Saudi Arabia Ranks 16th in IMD World Competitiveness Yearbook 2024

The Kingdom of Saudi Arabia ranked 16th out of 67 of the world's most competitive countries, according to this year's Swiss-based Institute for Management…

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Business Prime Minister Anwar Ibrahim. (Reuters-Archives)

Malaysia Preparing to Join BRICS Economic Group

Malaysia is preparing to join the BRICS group of emerging economies, Prime Minister Anwar Ibrahim said in an interview with Chinese media outlet Guancha. The…

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Business Hong Kong's stock exchange will implement new rules in September to continue trading through inclement weather. Peter PARKS / AFP

Hong Kong Bourse to Keep Trading Through Severe Weather

Hong Kong's stock exchange will continue trading through typhoons and heavy storms from September, the city's leader announced Tuesday. The bourse in the…

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Business FILE PHOTO: An Aramco oil tank is seen at the Production facility at Saudi Aramco's Shaybah oilfield in the Empty Quarter, Saudi Arabia May 22, 2018. REUTERS/Ahmed Jadallah/File Photo

Saudi Arabia Crude Exports Fall to 6 Million Barrels Per Day in April

Saudi Arabia's crude oil exports fell to 6 million barrels per day from 6.413 million bpd in March, data from the Joint Organizations Data Initiative (JODI)…

Asharq Al Awsat (London)
Business FILE PHOTO: A view of the Phillips 66 Company's Los Angeles Refinery (foreground), which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, and storage tanks for refined petroleum products at the Kinder Morgan Carson Terminal (background), at sunset in Carson, California, US, March 11, 2022. REUTERS/Bing Guan/File Photo

Report: US Ready to Reopen Oil Stockpile if Petrol Prices Surge Again

The Biden administration is ready to release more oil from the US strategic stockpile to stop any jump in petrol prices this summer, the Financial Times…

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Business People walk past a currency exchange office in St. Petersburg, Russia, Thursday, June 13, 2024. (AP Photo/Dmitri Lovetsky)

Dollar Stays Strong, Political Uncertainty Saps Euro

The dollar held firm on Monday, while the euro traded around more than one-month lows, as political turmoil in Europe ramped up the level of uncertainty among…

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