Business news clusters

Oil prices have exceeded $100 per barrel, threatening the Dominican Republic with increased import costs and fiscal pressure due to the significant gap between current prices and budget projections.

Eleven major European bank CEOs, led by Santander's Ana Botín, are calling for an immediate moratorium on capital requirement increases and simplified regulations to boost EU economic growth.

Pakistan and the IMF will begin a two-week review of the $7 billion Extended Fund Facility and Article IV consultations in Karachi and Islamabad starting September 22.

NABEP aims to increase Venezuelan oil production to 500,000 barrels per day by 2028 following a major deal with the U.S. government involving 17 oil fields.

The UK economy grew by 0.4% in July, beating forecasts. Growth was driven by the services sector, artificial intelligence, and a manufacturing rebound, making the UK the fastest-growing G7 economy in early 2026

The National Stock Exchange (NSE) has set its IPO price band at ₹1,700–₹1,785. The subscription opens September 17 and closes September 21, with expected listing on September 24.

China's new five-year plan aims for global automotive leadership by 2030, targeting 70% NEV passenger vehicle sales and widespread autonomous driving technology.

European and Swiss markets face volatility as rising oil prices and geopolitical tensions in the Middle East drive inflation fears and interest rate concerns ahead of key US inflation data.

Oracle's fiscal Q1 revenue rose 30% to $19.3 billion, fueled by a 121% surge in cloud infrastructure demand for AI services. The company's contract backlog reached $664 billion.

QatarEnergy is seeking long-term LNG purchase agreements with U.S. suppliers to secure alternative energy sources following regional instability and damage to Qatari export facilities.

Copper prices have hit record highs on the LME and Shanghai exchanges, driven by rising demand in the electrical and EV sectors and declining mine production in Chile, Indonesia, and the DRC.

FTX founder Sam Bankman-Fried has petitioned the U.S. Supreme Court to overturn his fraud conviction and 25-year sentence, challenging evidentiary rulings and an $11 billion forfeiture order.

The Greek economy faces growth hurdles as the ECB raises interest rates to 2.50% amid surging energy costs and rising inflation in the Eurozone.

Indian stock markets saw a sharp decline as the Sensex and Nifty dropped significantly, driven by rising Brent crude prices at $108 per barrel and concerns over U.S. inflation and interest rates.

Spanish gas station owners are urging the government to reinstate fuel tax discounts to prevent a sharp rise in gasoline and diesel prices starting October 1.

A Texas judge ruled TikTok liable for violating consumer protection laws by misleading users about the effectiveness of its child safety features and Restricted Mode.

Azerbaijan and Türkiye signed new protocols at the 5th Energy Forum in Baku to expand cooperation in electricity, renewables, mining, and hydrocarbons to enhance regional energy security.

Bolivia will end fuel subsidies in January 2027 following an agreement with the IMF to address a severe 40-year economic crisis.

Enflen Technology, a leading Chinese AI chip designer, debuted on the STAR Market with a stock surge exceeding 200%. The company maintains a deep strategic partnership and ownership stake with Tencent.

Turkish Energy Minister Alparslan Bayraktar announced a green energy project to connect the electricity systems of Azerbaijan, Georgia, Türkiye, and Bulgaria, potentially linking the Turkic world.

Ford is investing $1 billion in its Kentucky plant amid conflicting U.S. government signals regarding Chinese automotive ties and potential shifts in trade restrictions.

Turkey reported a $36 million current account surplus for July 2026. Meanwhile, Ministry of Trade inspections from January to August resulted in 2.24 billion TL in fines for various market violations.

AI chipmaker Enflame Technology saw its shares surge up to 206% during its Shanghai debut, as investors seek domestic alternatives to Nvidia amid US export restrictions on advanced semiconductors.

Saudi Arabia’s PIF is exploring a merger between Electronic Arts and Savvy Games Group to unite major console and mobile gaming franchises into a single global entity.

IPMAN has urged Nigerian petroleum marketers to invest in the Dangote Petroleum Refinery IPO, aiming to transition from product off-takers to equity owners while boosting national energy security.

The Eurozone and Greek economies show resilience with steady growth, though high energy prices and oil volatility remain significant economic risks.

Apple has raised prices for new and older iPhone models, including the iPhone 18 Pro and iPhone 17, due to rising costs for memory chips driven by high demand for AI technology.

The IMF reported that India's real GDP grew by 7.8% in the first quarter of FY 2026-27, driven by strong services and exports, demonstrating economic resilience despite high energy prices.

The potential sale of olive oil giant Deoleo has triggered competition between Italian firm Coricelli and Spanish entities like Dcoop, amid calls to protect Spain's strategic agricultural assets.

Germany saw its highest corporate insolvency rate for a first half since 2013, while Austria reports a stabilizing trend with a slight decrease in business bankruptcies.

European agriculture faces severe climate-driven water scarcity, prompting calls for a pan-European water strategy and the adoption of regenerative farming to improve soil resilience.

Minister Dávid Vitézy announced a 3,500 billion forint railway reform in Hungary, including the creation of a new transport organizer and renewed negotiations with Siemens for new locomotives.

Donald Trump announced an energy deal involving 17 Venezuelan oil fields, granting access to 65 billion barrels of reserves that he claims could supply the U.S. for 500 years.

Automotive investments continue in Ontario and Windsor despite escalating trade tensions and import bans initiated by Donald Trump.

North Korea is seeing a rise in state-controlled consumerism, with new shopping malls, resorts, and leisure activities emerging as part of a strategy to centralize economic control.

Nasdaq Ventures is investing $100 million in Payward (Kraken) to develop blockchain-based tokenized stocks, expected to launch in Q2 2027 using Nasdaq’s market-surveillance technology.

The Central Bank of Cyprus supports the ECB's 0.25% interest rate hike, citing Middle East tensions and energy shocks as key drivers of prolonged inflationary pressures.

Coinbase co-founder Fred Ehrsam’s investment firm, Primavera, has signed production-sharing contracts with Venezuela’s PDVSA, marking a high-stakes entry into the oil sector.

Adobe beat Q3 estimates with $6.76 billion in revenue and 1 billion monthly active users, but shares slipped due to cautious Q4 guidance and rising AI competition.

German Finance Minister Lars Klingbeil plans to mandate that retail and hospitality businesses offer digital payment options by 2027, while continuing to accept cash to ensure consumer choice.

Citi predicts two 25-basis-point interest rate hikes for Australia in late 2024, raising its terminal rate forecast to 4.85 per cent amid persistent inflation and recession fears.

President Lula has sanctioned a law ending the 20% federal import tax on international purchases up to US$ 50, while also reducing taxes on larger shipments up to R$ 3,000.

The Busan Metropolitan Council approved a key agreement for the Sasang-Haeundae Expressway, which will reduce travel time between Gimhae Airport and Haeundae from 83 to 36 minutes.

The UK is planning major electricity transmission network upgrades to support Clean Power 2030 and increase renewable energy capacity, despite significant supply chain and planning risks.

South Korean Trade Minister Kim Jung-kwan arrived in the U.S. to finalize massive investment deals, potentially involving over $100 billion in energy projects like nuclear and natural gas.

Former PIIGS nations are seeing improved creditworthiness and lower bond yields, surpassing traditional Eurozone leaders like France, while Germany faces increased economic scrutiny.

India plans to propose interconnecting BRICS central bank digital currencies (CBDCs) for cross-border trade to reduce costs and dollar dependency while avoiding a direct confrontation with the SWIFT system.

Brazil has announced a fuel relief package involving tax cuts on gasoline and ethanol and new diesel subsidies, costing an estimated R$ 7 billion per month.

ECOWAS is pushing to fast-track the launch of its single currency, the ECO, by 2027, ordering a task force to accelerate preparations and macroeconomic convergence among member states.