Browsing: Business

The Banque de France has revised its economic forecast, lowering the country’s gross domestic product (GDP) growth projection for 2025 to 0.7 percent, down from the 1.1 percent estimate made in December 2024. The French central bank announced the adjustment

The global battery market is experiencing significant growth, driven by soaring demand and declining prices, according to the International Energy Agency (IEA). The agency highlights that 2024 marked a turning point for the industry, with electric vehicle (EV) sales rising 25% to 17 million

The European Union recorded a decline in trade with China in 2024, with both imports and exports experiencing reductions compared to the previous year. According to Eurostat, the EU’s exports to China totaled €213.3 billion, while imports reached €517.8 billion,

The European Commission has proposed extending the EU’s gas storage obligations until the end of 2027 to maintain energy security and stabilize the region’s gas markets. The proposal, announced on March 5, 2025, aims to ensure adequate gas reserves amid

Brent crude prices declined nearly 3% on Wednesday, rebounding slightly from a three-year low as U.S. crude stockpiles rose more than expected, adding pressure on oil markets already grappling with OPEC+ plans to increase production and fresh U.S. tariffs on

The International Telecommunication Union (ITU) has announced that its Partner2Connect (P2C) Digital Coalition has reached $73 billion in pledges aimed at advancing universal and meaningful connectivity. The milestone, unveiled during Mobile World Congress 2025 (MWC 25) in Barcelona, underscores growing

The number of natural gas-directed rigs in the United States has declined for the second consecutive year, reflecting broader shifts in the energy market, according to the latest data from the U.S. Energy Information Administration (EIA). Between December 2022 and

Nvidia’s stock fell nearly 9% on Monday following confirmation from U.S. President Donald Trump that tariffs on imports from Canada and Mexico would take effect on Tuesday. The sharp decline erased approximately $265 billion from the company’s market value, bringing

U.S. stocks suffered a sharp decline on Monday as President Donald Trump confirmed that new tariffs on imports from Canada and Mexico would proceed, exacerbating market fears of a deepening trade dispute. The S&P 500 fell 1.76% to 5,849.72, marking

AI startup Anthropic has seen its valuation soar to $61.5 billion following its latest funding round, marking a threefold increase in a short span. The company successfully raised $3.5 billion, significantly surpassing its initial $2 billion target. This rapid valuation