Browsing: Business

– South Korea has initiated its inaugural container vessel trial navigating the Arctic passage to reach Europe. The 2,758-TEU PanStar Acro departed from Busan New Port at approximately 9 p.m. on August 22. The Ministry of Oceans and Fisheries verified

– Central Bank of Egypt maintained its main interest rates on August 20, marking the fourth consecutive pause in policy adjustments. The Monetary Policy Committee kept the overnight deposit rate at 19% and the overnight lending rate at 20%, while

– In July 2026, Japan achieved record-breaking levels in both imports and exports, fueled by rising energy prices and robust semiconductor demand that boosted trade values. Imports increased by 27.8% compared to the previous year, reaching approximately 12.15 trillion yen.

– U.S. equities closed slightly higher on Wednesday, buoyed by a sharp decline in long-term Treasury yields. The S&P 500 increased by 16.22 points, or 0.21%, reaching 7,707.98 and breaking a three-day losing streak. The Dow Jones Industrial Average added

– International precious metals markets saw a decline on Friday, with spot gold prices dipping and heading toward a weekly decrease. Market data indicated that spot gold fell 0.5 percent to $4,326.75 per ounce, while United States gold futures for

– electric vehicle sales worldwide increased by 9% year on year in July 2026, reaching 1.85 million units. This boost pushed the total global sales for the first seven months of the year to 11.5 million vehicles, representing a 4%

– In July 2026, South Korea’s automobile exports increased by 7.0% year on year to reach US$6.24 billion, setting a new record for the month of July. The Ministry of Trade, Industry and Resources announced that exports surpassed the previous

– On Wednesday, diesel costs stayed high amid constrained refined-product supplies, exerting upward pressure on fuel markets across the United States and Europe. U.S. ultra-low sulfur diesel futures surged 7.4% on Monday, closing at $4.19 a gallon—the largest single-day increase

– Gold moved upward for a third consecutive session on Tuesday, building on last week’s sharp rebound. The spot price increased 1% to $4,432.74 an ounce by 0217 GMT, reaching its highest level since June 5 and surpassing the seven-week

– Official figures reveal that Denmark’s annual inflation rate dropped to 1.7% in July from 1.9% in June. The Statistics Denmark report indicated that the consumer price index increased by 1.3% compared to June. Meanwhile, core inflation remained unchanged at