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

– Sergei Shoigu, Secretary of the Russian Security Council, announced that trade between Russia and Oman expanded by 22 times during the first seven months of 2026, totaling $1.5 billion. He disclosed these figures on Tuesday, October 20, at a

– Preliminary data from the Ministry of Finance indicated that Japan experienced a trade shortfall of 536.6 billion yen in September, as imports outpaced exports. During this period, exports increased by 16.7% year-on-year to 10.9723 trillion yen, while imports grew

– In the first 20 days of October, South Korea’s exports experienced a significant increase, more than doubling compared to the same period last year, reaching a record $61.6 billion primarily due to semiconductor shipments. The Korea Customs Service announced

– Brent crude reached $110 a barrel on Friday for the first time since May amid rising Middle East tensions that have heightened fears of tighter supply. Brent futures for December settlement closed $3.94, or 3.7%, higher at $109.86, marking

– In the first eight months of 2026, remittances sent by Egyptians working abroad increased by 27.2% to reach a record $33.9 billion. The Central Bank of Egypt announced these figures on Tuesday, October 13. During the same period in

– Oman’s overall electricity generation increased by 4.3% compared to the same period last year, reaching 37,481.8 gigawatt-hours through August 2026. During the corresponding months of 2025, the output was 35,935.3 GWh. Data from the National Centre for Statistics and

– Between the start of 2026 and early October, Indonesia’s financial markets attracted foreign investments totaling Rp131.1 trillion, approximately $7.33 billion. Finance Minister Suahasil Nazara disclosed this cumulative amount during the monthly state budget briefing held by the government in

– The African Union officially introduced the Africa Credit Rating Agency, or AfCRA, on October 7 in Mauritius. This new body aims to evaluate African sovereigns, corporations, and other issuing entities. AfCRA intends to deliver impartial credit evaluations rooted in