Browsing: Business

Global trade will hit $33 trillion in 2024, driven by services sector growth, while goods trade lags behind, UNCTAD reports. Opportunities exist for diversification despite challenges.

The EU spent €381.4 billion on R&D in 2023, up 6.7% from 2022, maintaining an R&D intensity of 2.2%, with the business sector leading investment at 66% of total funding.

Political instability in France and Germany challenges EU economic stability, with trade tensions, industry disruptions, and leadership voids deepening the strain.

MENA Newswire News Desk: Olivier Andriès, CEO of French aerospace giant Safran, has expressed significant concerns regarding the potential impact of ongoing political…

UK services sector slowed in November as rising employment costs weighed on growth, with PMI data showing lower confidence, weak orders, and growing inflationary pressures.

MENA Newswire News Desk: Christian Sewing, CEO of Deutsche Bank, has called for immediate structural reforms in Germany to enhance the nation’s…

The EU Commission commits €4.6 billion for cleantech projects, focusing on renewable hydrogen and EV batteries through the Innovation Fund, using revenues from its Emissions Trading System.

Wage inequality has declined in two-thirds of nations since 2000, with significant progress in low-income countries, but high disparities and uneven regional wage growth persist, according to the ILO report.

German consumer confidence for December plummets to -23.3 amid fears of widespread job cuts by major companies like Volkswagen, Bayer, and Thyssenkrupp, increasing economic and political uncertainty.

The City of London Corporation will permanently close Smithfield and Billingsgate Markets by 2028, citing escalating costs and the cancellation of plans to relocate to Dagenham Dock.