Browsing: Business

Indonesia expects B50 biodiesel to save Rp170 trillion in 2026 as the 50% palm-based fuel blend reduces dependence on imported diesel use.

Oil prices reached their highest closes since mid-June, with Brent above $88 and WTI above $82 after reduced Gulf tanker movements.

United States trade officials used Section 301 to add a 25% tariff on Brazilian goods after reviewing digital trade, ethanol and deforestation.

Higher energy prices and weak confidence push the IMF’s euro area outlook to 0.9% growth in 2026 and 1.2% in 2027, with inflation at 2.9%.

Volkswagen is examining up to 100,000 job reductions worldwide while existing German agreements cover about 50,000 positions by 2030.

The modernised EU-Mexico trade agreement receives Council approval, while Mexico’s procedures remain required for entry into force.

Russian gas exports to the EU increased in early 2026 as Yamal LNG shipments reached record levels and TurkStream pipeline flows also rose.

Italy factory output declined 0.3% in May after three gains, though annual industrial production increased 1.1% on an adjusted basis.

FAO’s 2026 flagship report finds diverse suppliers, predictable trade rules and targeted reserves can strengthen global food security worldwide.

European Parliament vote opens talks with EU governments on digital euro rules, consumer access, payment services and cash protections.