Browsing: Business

– Global registrations of battery-electric vehicles rose 12% in the first nine months of 2026 to a record 11 million, driven by strong growth in Europe, according to a study by consultancy PwC. Europe accounted for 2.5 million electric cars,

– Oil prices rose on Wednesday, with Brent crude futures climbing $1.48, or 1.3%, to $115.36 a barrel by 01:40 GMT. US West Texas Intermediate crude futures gained $1.22, or 1.22%, to $101.12 a barrel. The increase reversed part of

– Microsoft said on Monday it is offering voluntary buyouts to a wide range of employees as it balances a costly artificial intelligence infrastructure build-out with capital efficiency. The new voluntary exit offer covers certain workers in the United States,

– South Korea posted the second-largest current account surplus among major economies in the second quarter, exceeding the combined surpluses of Germany and Japan. The country’s surplus reached $116.63 billion in the April-June period, according to central bank data reported

– Russian Security Council Secretary Sergei Shoigu disclosed that trade between Russia and Oman surged 22-fold during the first seven months of 2026, reaching a total of $1.5 billion. He shared these statistics on Tuesday, October 20, during a meeting

– According to preliminary data from the Ministry of Finance, Japan experienced a trade shortfall of 536.6 billion yen in September, as imports outpaced exports. During this period, exports increased by 16.7% year-on-year to 10.9723 trillion yen, while imports grew

– South Korea’s exports surged more than twofold compared to the same period last year in the first 20 days of October, reaching a total of $61.6 billion, fueled by record-breaking semiconductor shipments. The Korea Customs Service published these figures

– Brent crude prices hit $110 a barrel on Friday for the first time since May, driven by rising fears of tighter supplies amid escalating Middle East conflicts. Brent futures for December settlement closed $3.94, or 3.7%, higher at $109.86,

– Egyptian expatriates’ remittance inflows increased by 27.2% during the initial eight months of 2026, totaling an all-time high of $33.9 billion. The Central Bank of Egypt announced these figures on Tuesday, October 13. For the same period in 2025,

– Oman’s overall electricity generation increased by 4.3% year-on-year through August 2026, reaching a total of 37,481.8 gigawatt-hours. In the same period of 2025, the figure was 35,935.3 GWh. Data from the National Centre for Statistics and Information indicated growth