Browsing: Business

– Kenya is banking on new coffee varieties to boost production, improve yields and help farmers cope with climate change as it targets annual output of 150,000 metric tonnes. Henry Kinyua, chairperson of the Coffee Board of Kenya, said researchers

– Global registrations of battery-electric vehicles rose 12% in the first nine months of 2026 to a record 11 million, driven by strong growth in Europe, according to a study by consultancy PwC. Europe accounted for 2.5 million electric cars,

– Oil prices rose on Wednesday, with Brent crude futures climbing $1.48, or 1.3%, to $115.36 a barrel by 01:40 GMT. US West Texas Intermediate crude futures gained $1.22, or 1.22%, to $101.12 a barrel. The increase reversed part of

– Microsoft said on Monday it is offering voluntary buyouts to a wide range of employees as it balances a costly artificial intelligence infrastructure build-out with capital efficiency. The new voluntary exit offer covers certain workers in the United States,

– South Korea posted the second-largest current account surplus among major economies in the second quarter, exceeding the combined surpluses of Germany and Japan. The country’s surplus reached $116.63 billion in the April-June period, according to central bank data reported

– The volume of trade between Russia and Oman surged 22 times in the first seven months of 2026, reaching $1.5 billion, according to Russian Security Council Secretary Sergei Shoigu. He announced these figures on Tuesday, October 20, during a

– Japan’s trade deficit reached 536.6 billion yen in September, driven by faster import growth compared to exports, according to initial figures from the Ministry of Finance. During this period, exports increased by 16.7% year-on-year to 10.9723 trillion yen, while

– In the first 20 days of October, South Korea’s exports surged to $61.6 billion, more than doubling compared to the same period last year, fueled by unprecedented semiconductor shipments. The Korea Customs Service announced this data on Wednesday. Daily

– Brent crude prices hit $110 a barrel on Friday for the first time since May, driven by escalating tensions in the Middle East that heightened fears of tighter supply. Brent futures for December delivery settled $3.94, or 3.7%, higher

– Remittances from Egyptians working abroad surged 27.2% in the first eight months of 2026, hitting a record $33.9 billion. The Central Bank of Egypt announced these figures on Tuesday, October 13. During the same period in 2025, inflows stood