Kenya bets on new coffee varieties to boost production
Kenya is counting on new climate-resilient coffee varieties, including an Arabica-Robusta hybrid, to lift output toward 150,000 tonnes a year.
Business
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Business
Global EV registrations hit record 11 million in nine months
Global battery-electric vehicle registrations rose 12% to a record 11 million in the first nine months of 2026, led by Europe, PwC said.
Business
Oil prices rise as Brent climbs above $115 a barrel
Brent crude rose 1.3% to $115.36 a barrel on Wednesday and WTI moved back above $100, as reports of possible US strikes on Iran revived supply fears.
Business
Microsoft offers voluntary buyouts to about 60,000 employees
Microsoft is offering voluntary buyouts to about 60,000 workers, or 27% of its staff, as it balances heavy AI spending with capital efficiency.
Business
South Korea surplus tops Germany and Japan combined in Q2
South Korea's $116.63 billion current account surplus in the second quarter trailed only China and exceeded Germany and Japan combined.
Business
Russia-Oman trade jumps 22-fold to $1.5 billion, Shoigu says
Trade between Russia and Oman reached $1.5 billion in the first seven months of 2026, a 22-fold rise and the highest level in a decade.
Business
Japan posts 536.6 billion yen trade deficit in September
Japan's trade deficit reached 536.6 billion yen in September, its fifth straight monthly shortfall, as imports outpaced 16.7% export growth.
Business
Korean exports double to $61.6 billion on chip shipments
Korean exports reached $61.6 billion in the first 20 days of October, more than doubling as semiconductor shipments jumped 222.5%.
Business
Brent oil touches $110 for first time since May
Brent crude touched $110 a barrel for the first time since May, settling at $109.86 as Middle East tensions and Russian diesel doubts lifted oil prices.
Business
Egyptian expat remittances surge 27.2% to $33.9 billion
Remittances from Egyptians abroad rose 27.2% to a record $33.9 billion in January-August 2026, the Central Bank of Egypt said.