The BRICS Business Council has announced plans to establish a logistics hub in the United Arab Emirates (UAE), a decision that could significantly reshape global trade dynamics among its member nations and
Gold prices soared to an all-time high on Wednesday as investors sought safe-haven assets amid worsening trade tensions between the United States and China. Spot gold climbed 1% to reach $2,858.12 per
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British Airways has made adjustments to its new loyalty scheme after facing significant complaints from passengers, particularly frequent flyers. The airline had initially announced major changes to its Executive Club at the
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China has kept the renminbi’s exchange rate steady against the US dollar in its first official currency fix since the announcement of new tariffs by US President Donald Trump. On Wednesday, the
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In the heart of the Saudi desert, a project of unprecedented ambition is taking shape—NEOM, a $2 trillion mega-development hailed as the future of urban living. Promoted as a utopian city that
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Honda’s recent proposal to turn Nissan into a fully owned subsidiary could bring the $58 billion merger talks between the two Japanese automakers to a standstill, potentially jeopardizing plans to create the
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China has reopened antitrust investigations into Google and Nvidia while considering launching a probe into Intel, in what appears to be a strategic response to U.S. President Donald Trump’s recent tariffs on
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Vessel traffic along the International North-South Transport Corridor (INSTC), a strategic trade route developed by India, Russia, and Iran, surged by 43% in the 2023-24 financial year, according to a recent Indian
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China has cemented its dominance in Central Asia, with trade turnover in 2024 rising nearly 5% to $94.8 billion, surpassing Russia as the region’s top economic partner. The vast majority of trade
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The unveiling of a powerful artificial intelligence model by Chinese start-up DeepSeek has sent shockwaves through global markets, triggering a $600 billion sell-off in Nvidia shares—the largest single-day loss in US history.
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Global cryptocurrency markets experienced their largest-ever single-day drop overnight into Monday, with over $2.24 billion in liquidated positions, according to Coinglass, a platform tracking transactions across major exchanges. The unprecedented sell-off wiped
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