Browsing: Business

ABU DHABI, October 1, 2025: The Comprehensive Economic Partnership Agreement between the United Arab Emirates (UAE) and Australia formally entered into force on Wednesday, initiating a significant expansion of bilateral trade and investment frameworks between the two economies. The agreement,

Gold prices soared to historic levels on Monday, crossing US$3,750 per ounce for the first time, as investors weighed the outlook for U.S. interest rates and awaited a key speech from Federal Reserve Chair Jerome Powell. The surge extended a

Artificial intelligence is expected to significantly accelerate global trade over the next 15 years, with the World Trade Organization (WTO) projecting an increase in global trade of goods and services by nearly 40 percent by 2040. The forecast, published in

Millions of Australian retirement savers are set to benefit financially after the United States scrapped a controversial tax proposal that would have sharply reduced returns on their U.S. investments. The move, tied to the withdrawal of Section 899 from President

Equinor has pulled out of a $10 billion offshore wind farm project off the coast of New South Wales, Australia, dealing a major setback to the country’s renewable energy ambitions. The Norwegian energy company confirmed on Friday it will not

Australia’s benchmark S&P/ASX 200 index surged to a record high on Thursday, breaking through the 9,000-point barrier for the first time in its history, as investors responded to a strong corporate earnings season and expectations that interest rates have peaked.

The New Zealand dollar weakened significantly on Wednesday, falling below 0.5850 against the US dollar, after the Reserve Bank of New Zealand lowered its benchmark interest rate by 25 basis points to 3.00 percent. The move, which brought the Official

Victoria has sharply increased the projected cost of its long-term renewable energy transmission plan to $7.9 billion as the state government finalized a blueprint that sets out how new wind and solar projects will be connected to the grid. The

Australia is experiencing a surge in demand for its domestically grown coffee as tightening global supply chains and rising international prices reshape the market. This trend comes amid growing concerns over falling production in key exporting countries and increasing costs

Australia’s unemployment rate fell to 4.2 percent in July 2025, according to data released by the Australian Bureau of Statistics. The figure represents a slight improvement from the 4.3 percent recorded in June, which had been the highest level in