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Business news
OECD cuts US outlook sharply, projects India to lead global growth: key insights
June 04, 2025 01:34 AM AEST| By InvezzAccording to a new research released Tuesday by the Organisation for Economic Cooperation and Development (OECD), the global economy is likely to slow in the coming two years. The OECD expects global GDP growth to slow from 3.3 per cent in 2024 to 2....
BP’s $2.9B Azerbaijan investment fuels gas production expansion
June 04, 2025 12:45 AM AEST| By InvezzBP, leading the consortium that owns the Shah Deniz gas field in the Azeri Caspian Sea, announced a $2.9 billion investment decision on Tuesday to increase the project’s production capacity. In a strategic realignment, the British oil giant is...
Dutch coalition collapses as Wilders’ PVV quits over immigration dispute
June 03, 2025 11:00 PM AEST| By InvezzThe Dutch government has collapsed less than a year after far-right leader Geert Wilders led his Party for Freedom (PVV) to a sweeping electoral victory. The ruling coalition crumbled on Tuesday after Wilders withdrew support, citing disagreements ov...
Lee Jae-myung poised to win South Korea’s snap election, risking US trade delays
June 03, 2025 10:59 PM AEST| By InvezzSouth Korea’s snap presidential election appears to have delivered a victory to opposition leader Lee Jae-myung, a move that could reshape Seoul’s diplomatic and economic strategies. A joint exit poll by KBS, MBC, and SBS on May 27 projected Lee as t...
Did globalization crush the American middle class and can Trump revive it?
June 03, 2025 07:48 PM AEST| By InvezzIt’s easy to blame globalization for everything; from vanishing factory jobs to wage stagnation and social unrest. WIth Donald Trump back in office, the idea that global trade hollowed out the American middle class is becoming increasingly popu...
Japan takes action to lower soaring rice prices with stockpile release
June 03, 2025 07:00 PM AEST| By InvezzFaced with long lines of consumers seeking affordable grain, Japan’s farm minister announced Tuesday the government is prepared to release additional stockpiled rice, following retailers’ emergency distribution of the grain over the weeke...
No easy way out: OECD warns Trump’s tariffs are choking global growth, fueling inflation
June 03, 2025 06:25 PM AEST| By InvezzThe Organization for Economic Cooperation and Development (OECD) has issued a stark warning, asserting that President Donald Trump’s aggressive and combative trade policies have plunged the global economy into a significant downturn, characteri...
Vietnam firms to sign $2B deal for US agricultural products
June 03, 2025 06:00 PM AEST| By InvezzThe Vietnamese Agriculture Ministry announced on Tuesday that domestic companies plan to sign memorandums of understanding with US partners to purchase $2 billion in American agricultural goods, according to a Reuters report. This initiative is aimed...
Singapore’s cross-border interconnections set to unlock 25 GW of new renewable capacity, says Rystad
June 03, 2025 03:42 PM AEST| By InvezzSingapore, which has historically depended on gas for its energy supply, is now exploring regional grid connections. The strategy primarily involves utilising subsea cables to establish links between national grids, thus facilitating electricit...
Nawrocki wins Polish presidency with 50.89% vote; signals shift in EU ties
June 03, 2025 02:04 AM AEST| By InvezzPoland has elected Karol Nawrocki as its next president in a nail-biting runoff that has captured global attention for its geopolitical implications. Nawrocki, who represents the opposition Law and Justice (PiS) party, secured 50.89% of the national...
Bank of Canada set to hold rates at 2.75% as strong Q1 growth delays cuts
June 03, 2025 01:47 AM AEST| By InvezzThe Bank of Canada is expected to hold its benchmark interest rate steady at 2.75% on Wednesday, after growth in the first quarter turned out stronger than many anticipated, reducing the urgency for monetary easing. At least 75% of economists forecas...
Venezuela shifts tax burden to private sector amid crumbling oil revenues
June 03, 2025 12:56 AM AEST| By InvezzFollowing tighter US sanctions and a significant drop in oil revenue, Venezuela’s government is increasing taxes and public service fees on the private sector in an attempt to alleviate some of the fiscal pressure. According to Reuters, economi...
India’s Maruti Suzuki sees no immediate impact from China rare earth magnet ban
June 02, 2025 09:05 PM AEST| By InvezzIndia’s leading car manufacturer, Maruti Suzuki, stated on Monday that the recent export restrictions imposed by China on rare earth magnets, a crucial component in their vehicles, have not yet caused any immediate disruption to their productio...
Oil prices rise 3% as OPEC keeps July output policy unchanged
June 02, 2025 08:33 PM AEST| By InvezzOil prices jumped more than 3% on Monday as OPEC+ agreed to raise production by the same amount in July as in the previous two months. The Organization of the Petroleum Exporting Countries and allies agreed to another large supply hike over the...
How Trump’s tariffs & tech dominance are fueling Europe’s push for digital sovereignty and ‘Buy from EU’ movement
June 02, 2025 04:56 PM AEST| By InvezzEurope’s relationship with the US is shattering. Under Donald Trump’s second term, trade friction has returned, and digital dominance by US companies is now under strain. And this time it’s serious. European institutions and voters are respondi...
China’s manufacturing PMI edges up despite ongoing trade tensions
June 02, 2025 04:09 PM AEST| By InvezzChina’s manufacturing PMI improved somewhat in May due to the resumption and frontloading of shipments to the US amid the 90-day tariff truce which will end in mid-August, Commerzbank AG said. May saw an increase in the official manufacturing P...
UK’s digital banks face divergent fortunes: Starling stumbles, Monzo and Revolut soars
June 01, 2025 07:30 PM AEST| By InvezzA decade ago, a trio of nimble fintech upstarts — Starling, Monzo, and Revolut — charged into the British banking scene with bold ambitions. Their mission: to reimagine financial services through cutting-edge technology, superior customer experience,...
Brent crude oil price forecast after the OPEC+ supply cut
June 01, 2025 01:47 AM AEST| By InvezzBrent crude oil price crashed on Friday amid rising trade tensions, and the downtrend may continue after the latest OPEC+ meeting. It dropped to $62.60 on Friday, down by 25% from its highest level this year. OPEC+ crude oil production increase The m...
President Trump to host farewell for Elon Musk as DOGE leader steps away
May 31, 2025 03:13 AM AEST| By InvezzPresident Donald Trump will hold a press event Friday to mark the departure of Elon Musk, who is stepping down from his role at the Department of Government Efficiency (DOGE) after a four-month stint marked by internal turmoil and policy clashes. Mus...
Canada’s Q1 GDP expands by 2.2%, driven by exports spike ahead of potential US tariffs
May 31, 2025 01:55 AM AEST| By InvezzThe Canadian economy increased at an annualised pace of 2.2% in the first quarter of 2025, according to Statistics Canada data released Friday. The amount greatly exceeded the 1.5% consensus estimate forecast by experts and matched the revised rate o...
