Browsing: Business

– Kenya aims to raise its annual coffee output to 150,000 metric tonnes, with new climate-resilient varieties expected to play a central role. Production is projected at about 60,000 metric tonnes in the 2025/2026 season, well short of that target.

– Germany’s new electric vehicle registrations surged 58% to 604,000 in the first nine months of 2026, helping lift global battery-electric vehicle registrations to a record 11 million, according to PwC. Worldwide registrations rose 12% over the period, driven mainly

– Brent crude rose above $115 a barrel on Wednesday as traders reacted to reports of possible renewed US strikes on Iran. Brent futures climbed $1.48, or 1.3%, to $115.36 by 01:40 GMT, while US West Texas Intermediate crude rose

– Microsoft is offering a voluntary exit package to about 27% of its workforce as it seeks to fund a costly AI infrastructure expansion while protecting capital efficiency. The offer, announced on Monday, applies to certain employees in the United

– South Korea’s current account surplus reached $116.63 billion in the second quarter, the second-largest among major economies after China, central bank data showed. The surplus was larger than those of Germany and Japan combined, Yonhap News Agency reported. China

– Bilateral trade between Russia and Oman reached $1.5 billion in the first seven months of 2026, its highest level in a decade, according to Sergei Shoigu. The Secretary of Russia’s Security Council said trade had increased 22-fold over the

– Exports from Japan increased for the 13th consecutive month in September, although a more rapid growth rate in imports resulted in a trade shortfall of 536.6 billion yen. The Ministry of Finance released preliminary data indicating exports grew 16.7%

– According to the Korea Customs Service, South Korea’s semiconductor exports increased by 222.5% year on year to $27.5 billion during the first 20 days of October, contributing to total exports reaching $61.6 billion. The overall outbound shipments more than

– On Friday, oil prices experienced a significant increase, with Brent crude hitting $110 per barrel for the first time since May. The rally was driven by fears that escalating tensions in the Middle East could further constrain supply. Brent

– The Central Bank of Egypt announced on Tuesday, October 13, that Egypt’s remittances from citizens working abroad reached a historic $33.9 billion during the initial eight months of 2026. This amount reflects a 27.2% increase from $26.6 billion a