Beijing: China’s exports rose 4.8 percent in May from a year earlier, which was lower than anticipated due to a nearly 10 percent decline in shipments to the United States, according to customs figures released on Monday. Imports declined 3.4 percent …

Washington: In 2024, the United States achieved a historic milestone in energy production, surpassing all previous records. The U.S. Energy Information Administration’s Monthly Energy Review reported that the total energy production exceeded 103 quadr…

Sharjah: The Board of Trustees for the Sharjah Excellence Award (SEA) has announced that the ceremony to celebrate the winners of the 2024 edition will occur on June 25. Organised by the Sharjah Chamber of Commerce and Industry (SCCI) and under the pa…

Vienna: Fitch Ratings has downgraded Austria’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘AA’ from ‘AA+’. The Outlook is Stable. The agency attributed the downgrade to financial challenges and economic issues facing Austria, most notab…