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

– In the first seven months of 2026, trade between Russia and Oman reached a total of $1.5 billion, marking the highest level in ten years, according to Sergei Shoigu. The Secretary of Russia’s Security Council noted that trade had

– In September, Japan experienced its 13th consecutive month of rising exports, yet a faster increase in imports resulted in a trade deficit of 536.6 billion yen. The Ministry of Finance released preliminary data indicating exports grew 16.7% year on

– In the first 20 days of October, South Korea’s semiconductor exports surged by 222.5% year on year to reach $27.5 billion, contributing to a total export figure of $61.6 billion. Overall outbound shipments more than doubled compared to the

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

– During the initial eight months of 2026, Egypt achieved a record-breaking $33.9 billion in remittances from citizens working abroad. The Central Bank of Egypt announced on Tuesday, October 13, that these inflows increased by 27.2% from $26.6 billion a