Browsing: Business

World coffee prices surged 38.8% in 2024, and FAO warns they may rise further in 2025 due to supply disruptions in Vietnam, Brazil, and Indonesia.

UNCTAD’s report reveals global trade hit $33 trillion in 2024, yet uncertainty over tariffs, policies, and economic shifts remains high.

France GDP growth forecast for 2025 cut to 0.7% by Banque de France, reflecting economic slowdown.

The global battery market is advancing rapidly, driven by rising demand and falling prices, with battery demand surpassing 1 TWh in 2024.

EU-China trade slowed in 2024, marking a decline in imports and exports, though China remained the EU’s largest import partner at 21.3%.

European Commission proposes to extend gas storage obligations until 2027, ensuring energy security and market stability.

Oil prices slipped as Brent crude dropped 3%, pressured by a sharp rise in US crude stockpiles and the OPEC+ decision to increase production.

Partner2Connect Digital Coalition reaches $73B in pledges, driving ITU’s mission to expand global connectivity and bridge the digital divide.

The U.S. saw a 32% drop in natural gas-directed rigs from 2022 to 2024, led by Haynesville and Appalachia, amid record-low prices and evolving technology.

Nvidia shares fall 9% as new tariffs take effect, erasing $265 billion in value and shaking investor confidence in the AI chipmaker.