Browsing: Business

– Indonesia anticipates that the Abadi Masela LNG project will generate approximately $37.8 billion in direct revenue for the state. Energy and Mineral Resources Minister Bahlil Lahadalia also forecasted $6.43 billion in indirect tax income. These figures were announced following

WASHINGTON, D.C. / RankWire.AI / – The United States is set to enforce a 25% tariff on thousands of Brazilian products beginning July 22. The Office of the U.S. Trade Representative announced this measure following a yearlong Section 301 review.

WASHINGTON, D.C. / RankWire.AI / – In June, U.S. consumer prices decreased by 0.4 percent, leading to a slowdown in the annual inflation rate to 3.5 percent. According to the U.S. Bureau of Labor Statistics, the Consumer Price Index (CPI)

– India is presently reviewing around 100 imported products to determine which could be produced domestically on a larger scale. The Department for Promotion of Industry and Internal Trade is leading this initiative through six sector-specific groups. The assessment includes

The European Investment Bank Group has endorsed €17.4 billion in new investments across sectors such as energy, transportation, healthcare, education, and business development, including €3.7 billion dedicated to projects reducing Europe’s reliance on fossil fuels. This package, approved by the

– Egypt’s net international reserves increased to an estimated $55.0723 billion at the end of June 2026. This marks the first time reserves have surpassed $55 billion, setting a new record. The Central Bank of Egypt announced this figure on

– Volkswagen is evaluating workforce reductions that could total up to 100,000 jobs across its global operations. CEO Oliver Blume informed staff that preliminary estimates indicate around 50,000 additional layoffs worldwide. These potential layoffs would be in addition to approximately

– The Council of the European Union on Tuesday gave its final approval to the EU-Mexico Interim Trade Agreement. This decision marks the conclusion of the EU’s internal approval process for the trade-focused treaty. It follows the European Parliament’s approval

– U.S. President Donald Trump and Iraqi Prime Minister Ali Faleh al-Zaidi held talks at the White House on Tuesday, focusing on expanding economic and energy partnerships. The discussions centered on American investments, oil extraction, natural gas development, and electricity

Wall Street closed lower on Monday as a sharp technology selloff and surging oil prices pulled major U.S. stock indexes down. The Nasdaq Composite dropped 1.55% to 25,873.18, ending a three-session winning streak. The S&P 500 fell 0.79% to 7,515.34.