Business

Libya signs $20bn oil deals with US and French energy companies

Libya’s Tripoli-based government signed a 25-year oil development agreement with France's TotalEnergies and the US’s ConocoPhillips that could more than double the output of its Waha Oil company. Waha, a…

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Oil prices rise as US supply worries linger after winter storm

Oil prices gained further ground on Wednesday as supply concerns lingered after a winter storm disrupted U.S. crude output and exports, while Middle East tensions lent additional support. Brent crude…

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Gold’s blistering rally continues past $5,200 as dollar plunges to 4-year low

Gold broke through $5,200 for the first time on Wednesday, after rising more than 3% on Tuesday, as ‌the dollar plunged to a near four-year low amid persisting geopolitical concerns,…

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Majority of employers say ESG must be integrated into core business strategy

Employers are increasingly realising the benefits of incorporating environmental, social and governance (ESG) considerations into their business strategies as opposed to treating ESG as a compliance-driven exercise, according to insights…

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Microsoft Secures Planning Approval for Large-Scale Amsterdam Data Centre

A massive new data centre planned for Amsterdam’s western port area will be rented entirely by Microsoft and use as much energy as the city of Haarlem, according to research…

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Europe must overhaul rules or risk economic decline, banking group warns

Europe's economy risks falling further behind other regions unless the European ‌Union overhauls regulation that is undermining banks' ability to lend, the European Banking Federation has warned. The current situation…

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China’s Anta Sports buys 29% Puma stake for $1.8 billion, rules out full takeover

China's biggest sportswear brand Anta Sports Products said on Tuesday it would buy a 29.06% stake in Puma from the Pinault family for 1.5 billion euros ($1.8 billion), ‌making it…

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Gold, silver rise to near record highs on safe-haven demand

Gold rose on Tuesday, after ‌breaking through the $5,100 mark for the first time in the previous session, as safe-haven demand lingered amid geopolitical uncertainty, while silver also hovered near…

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Oil slips even as US winter storm curbs crude output

Oil prices fell on Tuesday even as a massive winter storm hit crude production and affected refineries on the U.S. Gulf Coast. Brent crude futures fell 28 cents, ‌or 0.4%,…

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26

Jan

Russia Seeks Indian Workers to Offset Domestic Labor Shortfall

At least 40,000 Indian citizens are expected to come to Russia as workers in 2026. This was recently announced by Boris Titov, Russia's special representative for relations with international organizations in the…

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Oil little changed as supply concerns temper US winter output disruptions

Oil prices were little changed on Monday after climbing more than 2% in the previous session, as supply concerns kept a lid on benchmarks despite production disruptions in major U.S.…

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Gold blasts past $5,000 to record high on safe-haven rush

Gold surged to a record high above $5,000 an ounce on Monday, extending a historic rally as investors piled into the safe-haven asset amid rising geopolitical uncertainties. Spot gold rose…

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UK pharmacists report major aspirin shortage

Pharmacies across the U.K. are reporting widespread shortages of aspirin, one of the most widely prescribed drugs that is used to prevent heart attacks and strokes and treat pain. From…

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Which Passports Open the Most Doors: Singapore Reigns

The latest Henley Passport Index, updated quarterly, reveals which passports offer the broadest global access without a visa. Singapore has reclaimed the top spot, granting its citizens visa-free entry to…

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Steady euro zone outlook holds as economists resist changing tune

The outlook for euro zone growth, inflation and interest rates has remained broadly stable for 2026, as economists left their forecasts largely unchanged despite a tumultuous start to the year,…

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Oil prices rebound after Trump comments on ‘armada’ moving to Iran spur supply worries

Oil prices rebounded on Friday after U.S. President Donald Trump renewed threats against major Middle Eastern producer Iran, raising concerns of military action that could disrupt supplies. Brent crude futures…

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Gold, silver and platinum extend record‑setting rally

Gold notched another record high on Friday, while silver and platinum also extended gains to hit all-time peaks, ‌powered by diminishing confidence in U.S. assets on account of geopolitical tensions…

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Mercedes reveal images of 2026 F1 car, announce Microsoft deal

Mercedes announced a major new sponsorship deal with Microsoft on Thursday as they revealed images of the W17 Formula One car that the former champions hope will take them back…

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Vivian Announces Partnership with Novartis Pharma Services AG in Malta

Vivian has entered into a distribution agreement with worldwide R&D pharmaceutical company Novartis Pharma Services AG, a move that continues to reflect Vivian’s established reputation as a trusted partner for…

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OpenAI rolls out age prediction on ChatGPT

OpenAI said it is rolling out age prediction on ChatGPT globally, to determine whether an account is likely owned by a minor, as the artificial intelligence startup prepares to allow…

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Ryanair says fares might rise 2-4% in coming 12 months

Ryanair Chief Executive Michael O'Leary said on average fares may rise by between 2% and 4% over the coming year, with passenger numbers also set to rise. "Based on everything…

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Gold falls as easing geopolitical tensions dampen safe-haven demand

Gold and other precious metals fell on Thursday as geopolitical tensions and safe-haven demand ‌eased after U.S. President Donald Trump backed down from new tariff threats and proposals to annex…

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Oil edges up after Trump backs off tariff threat on Greenland

Oil prices edged up on Thursday, after U.S. President Donald Trump ratcheted down tension with Europe over his demand for Greenland, while disruptions in supply from two large fields in…

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Oil prices fall as risks from Kazakh production halt subside

Oil prices fell on Wednesday as an expected build-up of U.S. crude inventories outweighed a temporary halt in output at two large fields in Kazakhstan and geopolitical pressure from U.S.…

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Gold zooms past $4,800 for the first time as Greenland tensions simmer

Gold prices were boosted to a record high above $4,800 ‌per ounce on Wednesday, as investors looked to the metal as a safe haven after a broad selloff in U.S.…

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Elon Musk suggests he could buy Ryanair

Elon Musk has suggested he could buy Ryanair and called for its chief executive to be fired amid a deepening spat between the pair. The budget airline on Tuesday branded…

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Trump threatens tariffs on French wines to get Macron to join Board of Peace

U.S. President Donald Trump said he will impose a 200% tariff on French wines and champagnes, a move he claimed would push French President Emmanuel Macron to join Trump's Board…

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Gold holds near record high as trade war risks sour global sentiment

Gold and silver traded near record highs on Tuesday, as ‌U.S. President Donald Trump's threats to acquire Greenland soured global sentiment and sparked a rush into safe-haven assets. Spot gold…

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Israel and UK lead Cyprus tourism surge in December

Cyprus record a sharp rise in tourist arrivals in December 2025, driven primarily by visitors from Israel and the United Kingdom, according to data released on Monday by the Cyprus…

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Oil firmer as ebbing Iranian protests lower chance of US attack

Oil prices were up slightly on Monday, after the previous session's rise, as Iran's deadly crackdown on protests quelled civil unrest, narrowing chances for a U.S. attack on the major…

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Gold, silver hit record highs as Trump-Greenland row sparks safety rally

Gold ‌and silver prices climbed to fresh peaks on Monday, as investors poured into safe-haven assets after U.S. President Donald Trump threatened to impose extra tariffs on European countries over…

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Ryanair’s O’Leary Denounces Trump’s Geopolitics While Urging Europe to Defend Its Economic Freedoms

U.S. President Donald Trump is a "liar" who is "historically wrong" on many of the major geopolitical issues facing the world in 2026, fumed Ryanair chief Michael O'Leary in an…

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Global economy could weaken this year, say half of world’s top economists

Just over half of the world’s top economists think global economic conditions will weaken this year, a report by the World Economic Forum has found. Its survey found that 53%…

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Maersk ramps up Suez Canal return that could dampen freight rates

Maersk said that one of its services will resume using the Red Sea and Suez Canal this month, marking a key step towards ending two years of global trade disruption…

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France says US action against Greenland could endanger EU trade

France's Finance Minister Roland Lescure has warned U.S. Treasury Secretary Scott Bessent that any move to seize Greenland would amount to a "crossed line" endangering Europe's economic relationship with Washington,…

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Gold slips as upbeat US data boosts dollar, dims rate-cut bets

Gold extended its losses on Friday after stronger-than-expected U.S. economic data dampened expectations of the U.S. Federal Reserve cutting interest rates sooner and softening geopolitical frictions shrunk safe-haven demand for…

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Oil prices extend losses as chance of US strike on Iran recedes

Oil prices fell in Asian trade on Friday, extending losses from the previous session, as concerns about supply risks eased after the likelihood of a U.S. strike on Iran receded.…

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Wikipedia owner signs on Microsoft in AI content training deals

Wikipedia on Thursday unveiled partnerships with several Big Tech companies including Microsoft, Meta and Amazon marking a major step up in the non-profit's ability to monetize tech firms' reliance on…

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Microsoft in record deal for soil carbon credits as data centres surge

Microsoft has agreed with Indigo Carbon to buy a record 2.85 million soil carbon credits linked to regenerative agriculture in the United States, as the tech giant aims to become…

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Ryanair to cut Brussels Charleroi capacity due to passenger tax

Ryanair plans to operate around 10% fewer flights from Brussels Charleroi Airport due to a new 3-euro ($3.50) passenger tax taking effect from April, Europe's largest low-cost carrier said on…

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Gold slips as profit-taking, softer geopolitical tone hit safe-haven demand

Gold slipped on Thursday as investors booked profits ‌after three consecutive sessions of record highs, while an apparent softer tone from U.S. President Donald Trump on the Federal Reserve chair…

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Oil drops as Trump calms Iran fears

Oil prices retreated from multi-month highs on Thursday and safe-haven gold eased back from a record peak after U.S. President Donald Trump calmed market anxiety about potential U.S. military ‌action…

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Ryanair rules out equipping planes with Musk’s Starlink internet

Ryanair on Wednesday ruled out equipping its jets with Elon Musk’s Starlink satellite internet service, citing the impact of fuel costs from drag caused by the antenna and the short…

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Coca‑Cola scraps Costa Coffee sale

Coca-Cola has abandoned plans to sell its Costa Coffee chain after offers from private equity firms came in below expectations, the Financial Times reported on Wednesday. The U.S. beverage giant…

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Oil pauses gains as Venezuela shipments resume, but Iran concerns loom

Oil slipped after four days of increases on Wednesday as Venezuela resumed exports and U.S. crude and ‌product inventories rose, though fears of Iranian supply disruptions due to deadly civil…

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Gold near record-highs on Fed rate cut bets; silver cracks $90

Gold climbed on Wednesday to near a record ‌peak set in the previous session, while silver surpassed the never-before-seen $90 mark, as softer-than-expected U.S. inflation readings cemented bets on interest…

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Global central bankers signal unified backing for Federal Reserve leadership

Global central bank officials are planning to release a coordinated statement of support for U.S. Federal Reserve Chair Jerome Powell on Tuesday after ‌the Trump administration threatened him with a…

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Oil extends climb on Iran supply disruption concerns

Oil prices extended gains on Tuesday as heightened concerns surrounding Iran and potential supply disruptions outweighed the prospect of increased crude supply from Venezuela. Brent futures rose 22 cents, or…

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Citi Predicts $5,000 Gold Price Amid Current Market Dynamics

Gold prices were broadly steady on Tuesday, trading below ‌a record $4,600/ounce level reached in the last session amid sharpened geopolitical and economic uncertainty as investors booked profits. Spot gold…

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Gold edges past $4,600/oz as Powell-Trump rift stokes safe-haven demand

Gold broke through $4,600/ounce for the first time on Monday, while silver also hit a record high, as investors snapped up safe havens due to heightened geopolitical uncertainties and a…

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Oil edge up as Iran supply risk counters Venezuela export resumption

Oil prices edged higher on Monday as escalating protests in Iran sparked concerns about supplies from the OPEC producer, while efforts to resume oil exports from Venezuela and expectations the…

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World food prices dip in December but still up in 2025, UN’s FAO says

World food prices declined for a fourth consecutive month in December, mostly pressured by dairy, meat and vegetable oil prices, marking the lowest average since January 2025, the United Nations'…

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Euro zone economy caps resilient 2025 with retail and industry boosts

Euro zone retail sales rose more than expected in November and German industry continued to expand, offering further evidence that the currency bloc ended a turbulent year with stable -…

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Oil prices gain on concerns about supply disruptions in Venezuela, Iran

Oil prices rose for a second day on Friday, set for their third weekly gain, on uncertainty about the future of supply from Venezuela and as Iranian unrest increases concerns…

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Britons splurge on food, cut back on gifts as retailers warn of tough 2026

Britons prioritised festive food but thought twice about spending on clothing and gifts over Christmas, trading updates from Tesco, Marks & Spencer and Primark showed on Thursday. December's solid food…

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Nestlé risks SFr1bn sales hit from infant formula recall

Nestlé is facing a potentially costly setback after launching a global recall of several infant formula brands, a move that analysts warn could weigh on both near-term sales and longer-term…

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Gold could hit $5,000 an ounce in first half of 2026, says HSBC

Gold prices could rise to $5,000 an ounce in the first half of 2026 on geopolitical risks and rising debt, HSBC said on Thursday. However, the bank lowered its average…

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