Business

China Achieves Highest Trade Surplus Ever Amid Rush by Foreign Importers to Evade New Tariffs

China Achieves Highest Trade Surplus Ever Amid Rush by Foreign Importers to Evade New Tariffs

In its latest economic report, China experienced a record trade surplus reaching $99 billion last month. This significant increase aligns with indications of importers accelerating their orders to preemptively navigate upcoming higher tariffs on international goods entering the world's second-largest economy. According to official statistics from Beijing, exports

British Chip Designer Graphcore Acquired by Japanese Tech Giant SoftBank, Sterling Remains Close to Yearly Peak – Business Updates

British Chip Designer Graphcore Acquired by Japanese Tech Giant SoftBank, Sterling Remains Close to Yearly Peak – Business Updates

The British pound remains near a year-high as economic indicators suggest growth, while SoftBank acquires UK's Graphcore amidst industry developments. Good day to our viewers, we are providing continuous updates on business, financial trends, and global economics. The value of the pound is nearing a one-year high after

UK economic growth of 0.4% reported for May; Households may see a £94 surge in their water bills across the next half-decade.

UK economic growth of 0.4% reported for May; Households may see a £94 surge in their water bills across the next half-decade.

During the general election, the Liberal Democrats urged for a complete overhaul of Ofwat and proposed the creation of an entity with enhanced regulatory authority to address large increases in water bills. The party advocated for the existing powers of Ofwat to be utilized effectively against significant hikes in household

Attempts made to reform London's stock market regulations aimed at preventing companies from relocating internationally.

Attempts made to reform London's stock market regulations aimed at preventing companies from relocating internationally.

The Financial Conduct Authority (FCA) has announced plans to modernize and simplify the listing requirements for companies in London's stock market this July, marking one of its most significant updates since 1987. This initiative is aimed at enhancing the UK's appeal as a destination for businesses

Wealthy Individual Bill 'Hwang' Sung Found Guilty of Fraud in New York Trial

Wealthy Individual Bill 'Hwang' Sung Found Guilty of Fraud in New York Trial

Sung Kook "Bill" Hwang, founder of Archegos Capital Management, was convicted on multiple counts by a Manhattan federal court jury Wednesday. The prosecution accused him of market manipulation leading up to the 2021 downfall of his multibillion-dollar investment firm. The jury deliberated for several days and found Hwang

Oil giant BP forecasts worldwide oil consumption reaching its zenith by 2025, potentially halting increasing greenhouse gas levels

Oil giant BP forecasts worldwide oil consumption reaching its zenith by 2025, potentially halting increasing greenhouse gas levels

According to a recent report from an oil corporation, it is anticipated that global demand for oil will reach its peak within the coming year, leading to a halt in escalating carbon emissions by mid-2025. This projection comes amidst a surge in renewable energy sources such as wind and solar

Thames Water struggles with finishing crucial 108 refurbishments at elderly wastewater facilities

Thames Water struggles with finishing crucial 108 refurbishments at elderly wastewater facilities

An investigation reveals over 100 unfinished upgrades at ageing sewage treatment facilities owned by Thames Water have failed to meet legal pollution standards. These improvements, costing £1.1bn, were intended to reduce river pollution through increased capacity at the plants, added phosphorus removal, and new storm tanks installation, but they