At the UAE’s annual oil and gas summit, officials committed to expanding output, targeting production levels of 5 million barrels per day in the coming years. This decision underscores the UAE’s strategic focus on bolstering its role in global energy […]
UAE Plans to Increase Oil Production Amid Global Demand Concerns Read More »
BYD’s revenue jumped 24% as government subsidies give China’s car industry a boost The Chinese electric vehicle giant BYD has seen its quarterly revenues soar, beating Tesla’s for the first time. It posted more than 200bn yuan ($28.2bn, £21.8bn) in
China’s BYD overtakes Tesla revenue for first time Read More »
At the Budget, Chancellor Rachel Reeves once again blamed the Conservatives for leaving a “£22bn black hole” in the public finances. A report from the Office for Budget Responsibility (OBR), which makes forecasts for the government, found there had been
Is there a £22bn ‘black hole’ in the UK’s public finances? Read More »
A significant merger between telecom giants Vodacom and MTN was blocked by South African regulators. Industry analysts suggest that mergers could expand network reach and improve competition, but regulatory caution over monopolization has stalled these efforts.
Blocked Vodacom Merger Hinders South African Telco Market Read More »
Europe’s largest airline, Ryanair, reported an 18% decline in profit for the first half of 2024. This dip is attributed to weaker ticket prices, with fare reductions expected to ease slightly by December. The company hopes improved demand will stabilize
Ryanair’s Profit Drops by 18% Read More »
