Browsing: Business

UK private sector wage growth hits six year low of 2.9% as job vacancies drop and labor market conditions cool. The post Private sector wage growth hits six year low in latest UK data appeared first on Gulf Daily Report: The Gulf’s daily news, fully reported..

Indonesia launched its B50 biodiesel mandate in July, targeting Rp170 trillion in foreign exchange savings and lower fossil diesel demand. The post Indonesia targets US$10.8 billion savings with B50 biodiesel appeared first on Gulf Daily Report: The Gulf’s daily news, fully reported..

Brent crude settled at $88.10 and WTI at $82.49 after a weekly rally driven by lower tanker traffic and restricted Gulf oil exports. The post Brent crude tops $88 as oil prices post weekly rally appeared first on Gulf Daily Report: The Gulf’s daily news, fully reported..

Abadi Masela LNG enters construction in Maluku with $20.9 billion investment, domestic gas priority and major revenue projections. The post Indonesia begins building $20.9 billion Masela LNG project appeared first on Gulf Daily Report: The Gulf’s daily news, fully reported..

A new 25% U.S. tariff covers about 18% of Brazil’s exports to the United States, including machinery, furniture, footwear and timber goods. The post US tariff plan targets Brazilian goods with key exemptions appeared first on Gulf Daily Report: The Gulf’s daily news, fully reported..

The June CPI fell 0.4%, while U.S. inflation eased to 3.5% and core prices stayed flat amid a steep decline in energy costs nationwide. The post US consumer prices post sharpest drop since 2020 appeared first on Gulf Daily Report: The Gulf’s daily news, fully reported..

India’s six sector groups are examining about 100 imports for local production, covering health care, energy, transport and electronics. The post India maps 100 imported goods for local production appeared first on Gulf Daily Report: The Gulf’s daily news, fully reported..

EIB Group backs €17.4 billion in financing, including €3.7 billion for energy projects and €800 million for Romania’s Cernavodă plant refurbishment and Moldova. The post EIB approves €3.7 billion for energy projects appeared first on Gulf Daily Report: The Gulf’s daily news, fully reported..

Egypt’s foreign reserves crossed $55 billion for the first time in June, extending six straight months of growth to a new historic high. The post Egypt reserves cross $55 billion for first time in June appeared first on Gulf Daily Report: The Gulf’s daily news, fully reported..

Volkswagen may reduce up to 100,000 jobs worldwide as it reviews 50,000 additional cuts beyond existing German workforce agreements. The post Volkswagen weighs 100,000 job cuts worldwide appeared first on Gulf Daily Report: The Gulf’s daily news, fully reported..