Economy & Business

1174 articles
KazakhstanAstana Times10hEconomy & Business

KMG International Reports Significant Profit Growth in First Nine Months of 2026

KMG International, a subsidiary of Kazakhstan’s KazMunayGas, has announced substantial financial gains for the first nine months of 2026. The company’s consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 73% year-on-year, reaching $469 million. Net profit ex

AustriaDie Presse10hEconomy & Business

Tax Relief Case, Casino Austria Leadership, Australian MP in Critical Condition

Today, October 20, 2026, brings several key headlines. A legal dispute involving Wolf and Schelling is underway, potentially related to tax relief. Meanwhile, Casinos Austria is seeking a new chief executive, indicating a leadership transition within the company. In Australia, an MP is in critical c

AustraliaABC News Australia10hEconomy & Business

Staff Cuts at NAB and Beyond Raise Recession Fears in Australia

Major Australian businesses, including NAB, are implementing staff reductions in an effort to increase efficiency and adapt to challenging economic conditions. These actions, framed as attempts to become “more agile,” are sparking concerns about a potential recession in Australia. The widespread nat

NigeriaVanguard10hEconomy & Business

Nigeria’s National Grid Collapses: Power Supply Plummets to 675MW

Nigeria’s national electricity grid experienced a significant collapse on Monday, plummeting by 81.5 percent from 3,647 megawatts (MW) to just 675MW by 1:00 PM. This drastic reduction in power supply resulted from a decrease in the number of active power plants feeding the grid, falling from 21 to o

IndonesiaRepublika10hEconomy & Business

Bandung Doctor Accused of Sexually Abusing Child, Causing Gonorrhea Infection

A doctor in Bandung is accused of sexually abusing his own three-year-old child, resulting in the child contracting gonorrhea. This disturbing case has been reported to law enforcement authorities in Bandung, Indonesia, and is currently under investigation. Details surrounding the allegations are st

EstoniaERR News11hEconomy & Business

EU Funds Permanent Magnet Production Line in Estonia

The European Commission has approved funding for a new permanent magnet production line in Estonia. The project will be undertaken by Neo Performance Materials, the owner of both the Silmet plant and a magnet plant located in Ida-Viru County, Estonia. This investment aims to bolster the supply of cr

SingaporeStraits Times11hEconomy & Business

Singapore Man Accused of Stealing Bank Details at Mustafa Centre

A man in Singapore is accused of using a near-field communication (NFC) device to steal bank card details from shoppers at Mustafa Centre. Authorities allege the suspect positioned a bag containing the illicit device near customers’ pockets, secretly capturing their credit card information. The inci

IrelandTheJournal.ie11hEconomy & Business

Public Sector Strikes: Lessons in Workers' Rights & Solidarity

Recent public sector pickets are proving to be valuable educational experiences, particularly for younger generations. These demonstrations offer practical insight into workers’ rights and the importance of collective action, surpassing what can be learned through traditional academic means. The imp

VietnamThanh Nien11hEconomy & Business

Vietnamese Firms Launch Social Welfare Project, Offering Discounts to Workers

The Vietnam Centre for Brand Research and Development, in collaboration with various agencies and enterprises, has launched a social welfare project aimed at supporting workers. The project centers around offering discounted goods—ranging from 5% to 15% off—specifically to the Vietnamese workforce.

Kyrgyzstan24.kg11hEconomy & Business

UK Surpasses Kazakhstan as Key Buyer of Kyrgyz Goods

External trade patterns for Kyrgyzstan have significantly shifted during the first eight months of 2026. Notably, the United Kingdom has overtaken Kazakhstan as the second-largest importer of goods from Kyrgyzstan. This marks a considerable change in the country’s trade relationships, with the UK de

GreeceTo Vima11hEconomy & Business

Crete: 70 Migrants Rescued South of the Island by Frontex

A Frontex aircraft located 70 migrants south of Crete. All individuals on board were rescued by a Frontex vessel following the aerial detection. The operation successfully saved all of the people in distress. The migrants’ nationalities have not been released. This rescue highlights the continued ch

IndiaThe Times of India11hEconomy & Business

New York Entrepreneur’s Lupini Bean Pizza Business Reaches $700,000 in Revenue

Damiano Messineo launched Loopini, a high-protein pizza made from lupini beans, in January 2025 in New York City. The innovative pizza quickly gained traction, expanding from a single location to securing partnerships with major retailers like Whole Foods and Target by mid-2026. This success followe

PakistanDawn11hEconomy & Business

Sindh’s Rural Economy: Lack of Entrepreneurship, Not Investment, Is Key Issue

An analysis of the economy of rural Sindh, Pakistan, reveals a critical issue: a lack of widespread entrepreneurship, not a shortage of investment capital. Despite numerous initiatives and available funds, the province struggles with a limited number of successful enterprises, particularly outside o

NigeriaVanguard11hEconomy & Business

Jesse Fire: Nigerian Community Demands Justice 28 Years After Tragedy

Twenty-eight years after the devastating fire disaster in Jesse, Nigeria, the affected community continues to seek justice and accountability for the tragedy. The event, which occurred in Jesse, left a lasting impact on residents, as described by a journalist who witnessed the aftermath firsthand. T

FinlandHelsingin Sanomat12hEconomy & Business

Unemployment Rises Again in Finland in September, Numbers Show

Unemployment in Finland increased again in September, reversing recent positive trends. The number of unemployed individuals rose by nearly 40,000 compared to the same period last year. This marks a return to growth in unemployment after a period of decline. The latest figures provide a concerning o

IndonesiaSindo News12hEconomy & Business

France's Core Problem: Debt Cycle, Not Riots, Economists Warn

Rising borrowing costs and political instability are placing significant strain on France's finances. Oxford Economics has cautioned that a major shock in the bond market could potentially push both France and Italy into recession by 2027. This warning suggests that the underlying issues facing Fran

Czech RepubliciDNES12hEconomy & Business

Looted Goods From French Stores Appear on Online Marketplace, Sales Blocked

Online marketplace Vinted has begun blocking the sale of goods believed to have been stolen during recent looting in France. The platform, which facilitates the sale of second-hand items, stated it took "immediate steps to identify and remove offers related to the looting" following weekend unrest.

IrelandIrish Independent12hEconomy & Business

Vet-Informed Dog Food: Choosing the Right Nutrition for Your Companion

Choosing the right food is crucial for your dog's overall health and well-being. Finding a “perfectly wholesome” diet can be a challenge for pet owners. Experts emphasize the importance of purposeful nutrition, tailored to your dog’s individual needs. Reassuringly, veterinary guidance is available t

FranceLe Figaro12hEconomy & Business

DJI Lito 1 Drone: Beginners’ Choice Now on Sale

The DJI Lito 1 drone is receiving high praise from individuals new to drone piloting. This drone is particularly popular among beginners looking for an accessible entry point into the hobby. Currently, the DJI Lito 1 is available at a reduced price, making it an even more attractive option for those

SingaporeChannel NewsAsia12hEconomy & Business

Singapore’s Sea Group Plans IPO for Monee, Launches AI Platform

Singaporean technology conglomerate Sea Group is preparing to take its financial services arm, Monee, public with an initial public offering (IPO), according to an internal memo. This move signals Sea’s continued expansion into the financial technology sector. Alongside the IPO plans, Sea Group anno

NigeriaVanguard12hEconomy & Business

Nigeria Power Outage: Union Shutdowns Hit Edo, Delta, Ondo, Ekiti States

A widespread blackout is affecting the states of Edo, Delta, Ondo, and Ekiti in Nigeria following a shutdown of Benin Electricity Distribution Company (BEDC) facilities by the National Union of Electricity Employees (NUEE). The union is protesting what it describes as “double taxation” imposed on co

ArgentinaInfobae12hEconomy & Business

YPF Lawsuit Closed by Judge Preska; Argentina's Supreme Court to Rule

Judge Preska has formally closed the case concerning YPF, following a decision by the Appeals Chamber in March. This decision reversed a prior ruling that required Argentina to pay USD 16 billion to the funds that had sued the state over the 2012 expropriation of the oil company. The closure is an a

LatviaLSM12hEconomy & Business

Latvian Radio Launches Simplified News Bulletin for Wider Accessibility

Latvian Radio 1 is enhancing news accessibility for its listeners. Beginning on October 19th, 2026, the station will broadcast a five-minute news summary every evening at 9:00 PM. This summary, titled “Ziņas vieglajā valodā” (News in simple language), will present the day’s key stories in a simplifi

VietnamThanh Nien12hEconomy & Business

Vietnam-Laos Youth Cooperation to Expand in Digitalization and Innovation

The First Secretary of the Central Youth Union of Vietnam, Bùi Quang Huy, has proposed expanding cooperation between Vietnamese and Lao youth in several key areas. These include digital transformation, innovation, and entrepreneurship, as well as increased people-to-people exchange programs. This pr

IrelandIrish Independent12hEconomy & Business

Ireland's Sligo Revitalized: €15M Grant Restores 275 Homes

A grant scheme in Ireland has successfully brought 275 vacant properties back into use in Sligo, with over €15 million in funding distributed. Nationally, the scheme has led to the restoration of 7,162 vacant and derelict properties. The Vacant Property Refurbishment Grant aims to tackle housing sho

SwedenDagens Nyheter12hEconomy & Business

Is Europe Facing an “China Shock” and Deindustrialization?

Concerns are rising in Brussels regarding a potential “China shock” – the impact of intense competition from China – that could threaten European prosperity and lead to deindustrialization. The text suggests Europe may be transforming into a “rust belt” due to this competition. Beijing’s economic st

NorwayAftenposten12hEconomy & Business

EU Grants NOK 3.3 Billion to Norwegian Offshore Wind and Carbon Capture Projects

The European Union is providing 3.3 billion Norwegian kroner in funding to Aker Solutions, Aker BP, and Sirona Technologies for innovative projects in Norway. These projects focus on offshore wind energy and carbon capture technologies, aiming to bolster Norway's position in the green energy transit

FinlandHelsingin Sanomat12hEconomy & Business

Muscle Loss Begins in Your 40s, But Can Be Slowed With Exercise

Muscle biologist Olli Koskinen reports that fast-twitch muscle fibers begin to atrophy as early as one’s 40s. This natural decline in muscle mass and speed doesn't have to be inevitable, however. Koskinen outlines three training methods individuals can employ to decelerate this process and even impr

South KoreaYonhap News12hEconomy & Business

Busan Young Adults' Bankruptcy Filings Surge 2.5x in Four Years

Personal bankruptcy filings among young adults in Busan, South Korea have increased significantly over the past four years. Specifically, individuals in their 20s and 30s in Busan have filed for personal rehabilitation 2.5 times more frequently than they did four years ago. Son Sol, a representative

Papua New GuineaPNG Post-Courier13hEconomy & Business

PNG LNG Becomes Premier Partner of the PNG Chiefs Rugby Team

ExxonMobil PNG, operator of the PNG LNG Project, has announced a significant sponsorship agreement with the PNG Chiefs rugby team, becoming their Premier Partner. This partnership highlights a major investment in Papua New Guinea’s national rugby league presence. Details of the financial terms were

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