Browsing: Business

– 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

– In recent years, the economic ties between Russia and Oman have seen significant expansion, culminating in a remarkable surge in trade activity. During the first seven months of 2026, the bilateral trade volume soared by 22 times, reaching a

– Japan’s trade balance swung into a deficit of 536.6 billion yen in September, as the pace of import growth outstripped that of exports, according to initial figures from the Ministry of Finance. During this period, exports increased by 16.7%

– South Korea’s trade performance continues to demonstrate remarkable strength, with exports more than doubling compared to the same period last year in the first 20 days of October, reaching a record $61.6 billion primarily due to semiconductor shipments. The

– Brent crude prices hit $110 a barrel on Friday, marking the first time since May that the benchmark surpassed this level as geopolitical tensions in the Middle East intensified, raising fears of tighter supplies. Brent futures for December delivery

– Egypt’s foreign currency inflows received a significant boost from remittances sent by Egyptians working overseas, which surged 27.2% during the first eight months of 2026 to a historic $33.9 billion. The Central Bank of Egypt announced these figures on

– Oman’s overall electricity generation experienced a 4.3% increase year on year through August 2026, reaching 37,481.8 gigawatt-hours. During the same period in 2025, production was at 35,935.3 GWh. Data from the National Centre for Statistics and Information indicated growth

– p style=”text-align: justify;” As global investor interest shifts, Indonesia’s financial markets have seen significant foreign capital inflows in 2026. By early October, total foreign investments reached Rp131.1 trillion, approximately $7.33 billion. Finance Minister Suahasil Nazara announced this cumulative figure

– In a move to enhance the continent’s financial transparency, the African Union officially introduced the Africa Credit Rating Agency, or AfCRA, on October 7 in Mauritius. This newly formed institution aims to evaluate African sovereigns, corporations, and other debt