US Scales Back Threatened Tariffs On Italian Pasta Imports After Industry Review
Italian pasta will avoid steep US tariffs after the Trump administration reduced duties that had been proposed on imports from 13 Italian producers, a move that had raised concerns about…
European Banks Face Large-Scale Job Cuts As AI Adoption Accelerates
More than 200,000 jobs could be eliminated across Europe’s banking sector by 2030 as lenders increase their use of artificial intelligence and reduce their reliance on physical branches, according to…
China To Impose 13% VAT On Contraceptives As Childcare And Family Services Gain Tax Exemptions
China will begin charging a 13% value added tax on contraceptives from 1 January, while exempting childcare, marriage-related services, and elderly care from VAT, as authorities adjust fiscal policy alongside…
U.S. Leather Industry Faces Rising Costs As Tariffs Disrupt Global Supply Chains
Sweeping import tariffs imposed by President Donald Trump in April have pushed U.S. leather companies into operational turmoil, raising costs across the supply chain and setting the stage for sustained…
Gold Price Breaks 4,400 Dollars As Rate Cut Expectations And Global Tensions Lift Demand
Gold prices reached a new record on Monday, trading above 4,400 dollars an ounce for the first time, as investors responded to expectations of further US interest rate cuts and…
Bangladesh Energy Efficiency Gains Cut Fossil Fuel Imports By 3.3 Billion Dollars In 2023–24
Bangladesh avoided about 3.3 billion US dollars in fossil fuel imports during the 2023–24 financial year as a result of improved energy efficiency, according to new analysis from the Institute…
Bank of Japan raises interest rates to highest level in 30 years amid inflation pressure
Japan’s central bank has raised its main interest rate to its highest level in three decades, tightening monetary policy as the country grapples with persistent inflation and rising living costs.…
Data Center Construction Boom May Slow U.S. Infrastructure Projects
Rising investment in data center construction is increasing competition for labor and resources, potentially delaying road, bridge, and transportation upgrades funded by state and local governments, according to reporting by…
Silver Price Reaches Record High as Investors Anticipate US Rate Cut and Industrial Demand Surges
The price of silver climbed above $60 (£45.10) an ounce for the first time on Tuesday, driven by expectations of a US Federal Reserve interest rate cut and strong demand…
Japan Offshore Wind Sector Remains Bankable Despite Cost Pressures, IEEFA Says
Japan’s offshore wind sector remains commercially viable despite recent project withdrawals and rising cost pressures, supported by regulatory reforms and legislative changes that improve project bankability, according to a new…
Global Geothermal Investment Expected to Grow About 20% Annually Through 2030
Global spending on geothermal energy is projected to grow by about 20% a year through 2030, as governments and companies increase investment in the sector to secure clean and reliable…
Bank of England Flags AI-Driven Market Valuation Risks in Financial Stability Report
The Bank of England has warned that the rapid rise in artificial intelligence-focused company valuations could face a sharp market correction, as it described stock prices in both the UK…
Medical Membranes Market Projected to Reach $6.66 Billion by 2030
Market Growth Forecast Through 2030The medical membranes market is expected to reach $6.66 billion by 2030, according to MarketsandMarkets, with a compound annual growth rate of 9.1%. The report attributes…
South Korea’s Medical Device Market Set For Steady Growth Through 2034
South Korea’s medical device market is projected to grow at a compound annual growth rate of 5% until 2034, according to a new report from GlobalData. Government investment accelerates high-value…