Business
Vaca Muerta's output hit a record level, bringing Argentina close to supplying one percent of world oil. The milestone arrives amid President Javier Milei's economic reforms and ongoing fiscal challenges.
Business
Kystdesign reported a turnover surpassing one billion Norwegian kroner with a 200 million‑krone profit, marking a domestic milestone. Meanwhile, U.S. nuclear startup Oklo saw its stock rise 13% after posting its first-ever revenue despite a broader quarterly loss.
Business
Hungary's consumer price index slipped to 1.2% in July, the weakest pace since 2016, according to data from the Hungarian Central Statistical Office. The drop, driven by falling food prices, reinforces the Orbán government's narrative of economic stability while raising questions about future monetary policy.
Business
Hungary's inflation rate has collapsed according to recent data, sparking widespread discussion on the country's economic trajectory. The sudden change has significant implications for the nation's monetary policy and consumer spending habits.
Business
Switzerland’s State Secretariat for Economic Affairs (Seco) has launched an investigation into the German software giant SAP following a major IT failure that crippled public services. The move underscores growing scrutiny of private‑sector providers of critical government technology.
Business
The Central Bank of Egypt reported net international reserves of $56.3 billion at the end of July, a new high for the country. The surge, supported by gold and foreign‑currency inflows, comes as Egypt seeks to stabilise its pound and attract investment.
Business
Belgium's dependence on Russian liquefied gas has raised concerns about energy security amid rising utility costs, with the country relying entirely on Russia for its liquefied natural gas supply in July. This reliance is expected to contribute to a significant increase in utility bills for Belgian consumers.
Business
The United States and Japan have executed a rare, coordinated intervention in currency markets to bolster the Japanese yen. Both nations have indicated a willingness to undertake further joint actions if market conditions necessitate.
Business
The Plzeňský závod manufacturing plant, a supplier for global carmakers, announced it will cut hundreds of jobs. The move has sparked concern in a country where the automotive sector is a key pillar of the economy.
Business
BP's decision to exit the North Sea oil sector has sparked concerns over energy security and jobs in the UK. The company's move comes after 60 years of production in the region and has been met with criticism from politicians and industry experts.
Business
The Philippine government is considering removing 'system loss' charges from electricity bills, a move that could alleviate the financial burden on consumers. The proposal has gained support from various stakeholders, including President Marcos and energy officials.
Business
Slovak officials say talks are under way with a Chinese car maker to locate production in the country, a move that follows a series of high‑level visits and agreements on batteries, trade and EU‑China relations. The talks come as Bratislava seeks to bolster its auto sector while balancing concerns over overcapacity.