Economy

107 Articles
Economy

OPEC+ Shakes the Market with Surprise Oil Production Hike

Saudi Arabia, Russia, and six other members of the OPEC+ alliance surprised markets on Saturday by announcing a larger-than-expected increase in oil production...

EconomySports

UEFA imposes heavy sanctions on Chelsea and Barcelona for financial breaches

UEFA on Friday fined Chelsea €20 million ($23.6 million) for violating its financial monitoring rules, while Barcelona was ordered to pay €15 million...

EconomyPolitics

Poland Strengthens Its Defense with New Batch of K2 Tanks from Hyundai Rotem

Poland’s Defense Minister, Władysław Kosiniak-Kamysz, has announced a significant step forward in the country’s military modernization: the conclusion of negotiations with South Korea’s...

EconomyTech

Amazon Warns AI Will Lead to a Smaller Workforce in the Coming Years

Amazon is preparing its employees for a future work environment reshaped by artificial intelligence (AI). In a blog post — which was also...

EconomyPolitics

Marco Rubio Celebrates Closure of USAID as Experts Warn of Millions of Preventable Deaths

U.S. Secretary of State Marco Rubio on Tuesday hailed the closure of the United States Agency for International Development (USAID), a move that...

EconomyPolitics

Trump Takes Aim at Elon Musk, Threatens to Cut Subsidies: Tesla Shares Plunge

U.S. President Donald Trump launched a fresh verbal attack on South African-born businessman Elon Musk on Tuesday, claiming that without federal subsidies, “he’d...

EconomyPolitics

China’s Manufacturing Sector Shrinks for Third Consecutive Month, Highlighting Structural Weakness

China’s manufacturing activity contracted again in June, marking the third straight month below the threshold that separates growth from contraction, according to official...

EconomyPolitics

Putin Acknowledges High Military Spending and Hints at Possible Reduction

Russian President Vladimir Putin admitted on Friday that the country allocates a “rather high portion” of its Gross Domestic Product (GDP) to defense...

EconomyPolitics

North Korea Unveils Coastal Resort in Wonsan-Kalma, but Borders Remain Closed to Foreign Tourists

North Korea is set to open a massive coastal resort next week in what the regime hails as the beginning of a new...

BusinessEconomy

Tesla Loses Ground in Europe as EV Market Expands

Tesla’s sales in Europe dropped once again in May, marking the fifth consecutive monthly decline and signaling that the backlash against Elon Musk...