Browsing: Business

– Global markets for precious metals faced downward pressure on Friday, with spot gold prices declining and setting the stage for a broader weekly decrease. According to financial data, spot gold fell by 0.5 percent, trading at $4,326.75 per ounce,

– Worldwide electric vehicle sales experienced a 9% growth in July 2026 compared to the previous year, reaching a total of 1.85 million units sold globally. During the first seven months of the year, sales reached 11.5 million vehicles, reflecting

– South Korea’s automobile exports climbed 7.0% from a year earlier to US$6.24 billion in July 2026. The figure set a record for the month of July and exceeded the previous July high of US$5.90 billion in 2023. The Ministry

– Across the United States and Europe, diesel prices have maintained high levels due to limited inventories and refinery disruptions restricting the availability of finished fuel. U.S. ultra-low sulfur diesel futures surged 7.4% on Monday to reach $4.19 a gallon,

– Gold moved higher for the third day in a row on Tuesday, continuing its rebound from last week’s lows. The spot price of gold rose 1% to $4,432.74 per ounce by 0217 GMT, reaching its highest point since June

– Official data revealed that Denmark’s inflation rate for the year slowed to 1.7% in July from 1.9% in June. Statistics Denmark reported that consumer prices experienced a 1.3% increase from the previous month. The core inflation rate remained steady

– According to a report from Triodos Bank, extreme heatwaves and prolonged drought conditions across Europe could shave approximately 1% off the European Union’s economic output in 2026. This potential decline, roughly equivalent to €180 billion, emerges amid a year

– South Korea is experiencing significant upward pressure on fresh produce costs as unprecedented heatwaves impact agricultural output and diminish vegetable availability. Data from Korea Agro-Fisheries & Food Trade Corp. revealed that on August 7, spinach prices soared to 1,978

– On Friday, European space authorities finalized a significant expansion of the EU’s leading satellite communication system after months of multilateral commercial negotiations held in Brussels. Official statements from the European Commission confirmed the signing of a contract to grow

– In June, South Korea achieved an all-time high current account surplus of $49.73 billion, driven by a significant increase in semiconductor exports. The Bank of Korea announced a notable jump from the previous peak of $38.61 billion recorded in