Browsing: Business

Wall Street plunged Friday, with the Dow falling 590 points, as hotter-than-expected inflation data and Trump’s sweeping auto tariffs rattled investors and markets.

EU posts €11.1B trade deficit in aluminium for 2024 as imports outpace exports despite volume declines.

Hyundai Motor Group announces $20B US investment to expand EV and steel production as tariff deadlines loom.

Gold holds above $3,000 as markets seek clarity on Trump’s tariffs amid inflation concerns and a weaker U.S. dollar.

European Parliament committee approves macro-financial assistance for Egypt and Jordan totalling €4.5 billion.

The World Bank Group’s Global Digital Summit highlights efforts to enhance digital public infrastructure and close the digital gap worldwide.

World coffee prices surged 38.8% in 2024, and FAO warns they may rise further in 2025 due to supply disruptions in Vietnam, Brazil, and Indonesia.

UNCTAD’s report reveals global trade hit $33 trillion in 2024, yet uncertainty over tariffs, policies, and economic shifts remains high.

France GDP growth forecast for 2025 cut to 0.7% by Banque de France, reflecting economic slowdown.

The global battery market is advancing rapidly, driven by rising demand and falling prices, with battery demand surpassing 1 TWh in 2024.