Business
Korea’s chip exports soar 259% as October shipments hit record
South Korea's exports reached a record $115.3 billion in October, up 93.7%, as chip exports soared 259% to $56.4 billion on AI demand.
Business
Business news from Morocco: Casablanca bourse, banks, phosphates, renewable energy, ports, trade deals and company results.
Business
Kenya targets 150,000 tonnes of coffee with new varieties
Kenya wants to more than double coffee output to 150,000 tonnes a year, but research gaps and a seedling shortfall stand in the way.
Business
Germany’s EV boom lifts global sales to record 11 million
Germany's electric vehicle registrations jumped 58% to 604,000 in nine months, helping push global BEV registrations to a record 11 million.
Business
Brent tops $115 as US-Iran strike reports lift oil
Brent crude climbed above $115 a barrel on Wednesday after reports that the US told Gulf states to prepare for strikes on Iran, while WTI topped...
Business
Microsoft voluntary exit offer covers 27% of its workforce
About 60,000 Microsoft employees in four countries can take a voluntary exit offer, with those who accept leaving on December 31.
Business
South Korea current account surplus hits $116.63 billion in Q2
South Korea posted a $116.63 billion current account surplus in Q2, second only to China, as chip exports powered record monthly gains.
Business
Russia and Oman trade hits 10-year high at $1.5 billion
Russia's trade with Oman hit a 10-year high of $1.5 billion in January-July 2026, Shoigu said after talks with Oman's Idris Al-Kindi.
Business
Japan exports rise for 13th month as imports grow faster
Chip demand lifted Japan's exports 16.7% in September, while an 18.9% rise in imports produced a 536.6 billion yen trade deficit.
Business
South Korea chip exports surge 222.5% in early October
Semiconductors made up 44.7% of South Korea's $61.6 billion exports in the first 20 days of October, as the trade surplus hit $14.5 billion.
Business
Oil prices hit $110 a barrel on Middle East supply fears
Brent touched $110 for the first time since May before settling at $109.86, while WTI closed at $101.41 as supply fears intensified.
Business
Egypt remittances hit record $33.9 billion in eight months
Egyptians abroad sent a record $33.9 billion home in January to August 2026, up 27.2%, as August inflows rose 21.7% to $4.2 billion.
Business
Oman power output rises while water production falls
Oman generated more electricity in the first eight months of 2026, while national water production declined from the year-earlier period.
Business
Africa launches first continental credit rating agency
AfCRA launches in Mauritius as Africa’s new independent credit rating agency, covering sovereigns, companies and financial institutions.