11 h. ago Oil slides on Trump tariff threats and OPEC+ supply expectations

Oil prices dropped by 1 per cent on Friday and were set for their first weekly decline in three weeks as US President Donald Trump recommended a 50 per cent tariff on the European Union and expectations rose that OPEC+ will increase crude output further in July. Brent crude futures fell 64 cents, or 1 […]

Politics

36 h. ago Oil prices fall more than 1 per cent on potential further increase to OPEC+ output

Oil prices dropped by more than 1 per cent on Thursday after a report that OPEC+ is discussing a production increase for July, stoking concerns that global supply could exceed demand growth. Brent futures lost $1.08, or 1.7 per cent, to $63.83 a barrel by 1134 GMT. US West Texas Intermediate crude was down $1.02, […]

Politics

9 d. ago Simsek insists Turkey’s economic programme “on track” despite challenges

Turkey’s finance minister said the country’s economic transformation was on track and that the country was prepared to deal with slower growth. Finance Minister Mehmet Simsek said that tighter financial conditions, lower oil prices and a weaker dollar were likely to be disinflationary, boosting the economy. “Growth is slower but we can live with that,” […]

Economics

1 week ago Volvo Cars sales fall 11 per cent in April as fully electric cars slump

Volvo Cars this week reported an 11 per cent decrease in April sales to 58,881 cars from a year earlier, sending its shares down. Volvo Cars, which is majority-owned by China’s Geely, said in a statement sales of fully electric cars fell 32 per cent to account for 20 per cent of total sales volumes. […]

Politics

2 w. ago OPEC April oil output edges lower despite plans for hike, survey finds

OPEC oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found, led by a cut in Venezuelan supply on renewed US attempts to curb the flows and smaller drops in Iraq and Libya. The Organization of the Petroleum Exporting Countries pumped 26.60 million barrels per day last month, […]

Politics

2 w. ago UK new car sales fall 10.4 per cent in April, industry data shows

British new car registrations fell more than 10 per cent year-on-year in April, with Tesla’s (TSLA.O) UK sales plummeting 62 per cent, dragged by weak consumer confidence and tax increases, industry data showed this week. The Society of Motor Manufacturers and Traders (SMMT) said 120,331 units were registered in the traditionally quieter month of April. […]

Politics

2 w. ago Oil down 2 per cent as OPEC+ accelerates output hikes, surplus looms

Oil prices fell more than 2 per cent on Monday after OPEC+ decided over the weekend to further speed up oil output hikes, spurring concerns about more supply coming into a market clouded by an uncertain demand outlook. Brent crude futures dropped $1.27, or 2.07 per cent, to $60.02 a barrel by 0802 GMT, while […]

Politics

3 w. ago IMF trims 2025 Middle East, North Africa growth forecast to 2.6 per cent

The International Monetary Fund has announced that it now expects Middle East and North Africa economies to grow by just 2.6 per cent in 2025 as uncertainties stemming from a global trade war and weaker oil prices weigh on the region. The fresh projection marked a sharp downgrade from its October projection of 4 per […]

Politics

3 w. ago Oil drops on US economic contraction, possible OPEC+ supply rise

Oil prices fell on Thursday, extending a steep decline the previous session due to signs that Saudi Arabia, the world’s largest crude exporter, could raise production and data showing a contraction in the US economy, the world’s top oil consumer. Brent crude futures fell $1.1, or 1.8 per cent, to $59.96 a barrel as at […]

Economics

3 w. ago Mutuum Finance projected to fly from $0.025 to $2.50 in 2025, massively outshining Dogecoin & XRP gains

As the crypto market anticipates a bullish surge in 2025, Mutuum Finance (MUTM) is capturing investor attention with projections suggesting a meteoric rise from its current price of $0.025 to $2.50, representing a staggering 9,900% increase. This potential growth is attributed to the platform’s innovative DeFi solutions and a successful presale that has already raised […]

Economics

3 w. ago Petroleum product sales in Cyprus fall by 0.8 per cent in March

Total sales of petroleum products in Cyprus reached 107,291 tonnes in March 2025, marking a slight annual decrease of 0.8 per cent compared to March 2024, according to official data published on Monday. The data, which was included in a report by the Cyprus Statistical Service (Cystat), showed that sales declined in several key categories. […]

Politics