Latest news and updates in business

New York, NY – Gold, the perennial safe-haven asset, has surged past the unprecedented $5,000 per ounce mark, hitting fresh record highs in early trading Monday, January 26, 2026. This historic milestone follows a remarkable rally, with the precious metal climbing as much as 15% in the first 26 days of the new year, building on a staggering 65% increase throughout 2025 – its most significant annual gain since 1979

Brussels and major European capitals are bracing for another period of trade turbulence as former U.S. President Donald Trump has reignited tariff threats against several European nations, plunging transatlantic economic relations into renewed uncertainty

Berlin, Germany – Germany, Europe's economic powerhouse, finds itself at a critical juncture, grappling with the profound implications of China's rapidly expanding industrial might. For decades, the relationship between these two manufacturing giants has been a cornerstone of global trade, characterized by a symbiotic exchange where German engineering prowess found a vast market and a reliable production base in China

The economic relationship between the United States and the European Union stands as the most expansive and deeply integrated commercial partnership in the world, a colossal edifice of trade, investment, and shared interests that renders any notion of complete decoupling a practical impossibility. Despite periodic trade disputes and shifting geopolitical priorities, the sheer volume of daily transactions, the interdependence of critical supply chains, and the millions of jobs reliant on this transatlantic bridge underscore a reality where economic separation would inflict profound and mutual damage, destabilizing not only the two blocs but the global economy at large

Beijing, China – As the global energy landscape undergoes seismic shifts, China, the world's largest crude oil importer, faces a persistent and evolving challenge in securing its vast energy demands. The prospect of disruptions from key, albeit controversial, suppliers like Iran and Venezuela casts a spotlight on Beijing's long-term energy security strategy and its capacity to pivot towards greater domestic reliance or alternative sources

DAVOS, Switzerland – Former U.S. President Donald Trump delivered a characteristically forceful address at the World Economic Forum (WEF) in Davos on Wednesday, seizing the global stage to champion his signature policies, tout American economic strength, and renew his controversial ambition to acquire Greenland

In a landmark moment for the global technology industry, Apple has officially surpassed Samsung to become the world's leading smartphone vendor for the entirety of 2023, marking the first time the Cupertino-based giant has achieved this annual milestone. This historic achievement brings an end to Samsung's remarkable 13-year reign at the pinnacle of the smartphone market, signaling a significant power shift in one of the most competitive consumer electronics sectors.
Preliminary data from leading market research firms, including the International Data Corporation (IDC), unequivocally points to Apple's ascendancy

DAVOS, Switzerland — The annual World Economic Forum (WEF) in Davos, typically a platform for global cooperation and economic strategy, has been dramatically reshaped into an emergency diplomatic summit following renewed U.S. demands concerning Greenland

Iran is grappling with an escalating economic crisis that has ignited widespread social unrest, challenging the stability and legitimacy of its clerical rule more profoundly than in recent memory. Decades of international sanctions, coupled with pervasive internal mismanagement and corruption, have culminated in soaring inflation, a rapidly devaluing currency, and a severe erosion of public trust

Davos, Switzerland – The elite gathering at the World Economic Forum (WEF) in Davos is poised for an unprecedented shake-up this week as U.S. President Donald Trump arrives leading the largest American delegation in the forum's history

BERLIN – One year into President Donald Trump's second term, German firms find themselves navigating a dramatically altered transatlantic trade landscape, characterized by pervasive uncertainty and the tangible impact of protectionist policies. The initial year of this administration has underscored Germany's vulnerability as an export-dependent economy, prompting a fundamental re-evaluation of strategies for businesses ranging from automotive giants to specialized small and medium-sized enterprises (SMEs)

NUR-SULTAN, KAZAKHSTAN – Kazakhstan's vital oil production has experienced a dramatic downturn, with output plunging by 35% in the first two weeks of January compared to December's average, a direct consequence of intensifying Ukrainian drone attacks targeting critical Russian oil export infrastructure. The disruptions, particularly to the Caspian Pipeline Consortium (CPC) terminal on Russia's Black Sea coast, highlight the precarious position of Central Asian energy supplies amidst the ongoing conflict and its far-reaching economic repercussions across global markets.
The significant reduction in output, driven largely by export constraints, has sent ripples through the international energy sector, exposing Kazakhstan's acute dependence on Russian transit routes and raising concerns about global oil supply stability

Washington, D.C. – In a move set to reverberate across global markets and geopolitical fault lines, former President Donald Trump announced Monday a sweeping 25% tariff on goods from any nation conducting business with Iran. The declaration, made via social media, signals a potential dramatic escalation of pressure on Tehran while simultaneously risking a fresh, intense trade confrontation with Beijing, Iran's largest trading partner

The independence of the U.S. Federal Reserve, a cornerstone of economic stability for decades, faces an unprecedented test as former President Donald Trump intensifies his campaign against its chairman, Jerome Powell

European businesses are entering a period of significant strategic adjustment, grappling with a pronounced slowdown in hiring. This cautious approach is driven by a confluence of factors: a fragile economic recovery across the continent and the accelerating integration of artificial intelligence (AI) into core business functions