Business

    SEOUL, SOUTH KOREA / RankWire.AI / – South Korea is facing sharp increases in fresh food prices as extreme heat disrupts farms and reduces vegetable supplies. Korea Agro-Fisheries & Food Trade Corp. data showed spinach reaching 1,978 won per 100 grams on Aug. 7.…

    BRUSSELS / RankWire.AI / – The European Commission finalized a major expansion of the European Union’s flagship orbital communications network on Friday, concluding months of commercial negotiations with the SpaceRISE industrial consortium. Under a newly signed implementation agreement, the Infrastructure for Resilience, Interconnectivity and…

    SINGAPORE / RankWire.AI / – Oil prices fell further on Wednesday after a steep two-day selloff pushed Brent and U.S. crude to three-week lows. Brent crude futures dropped 92 cents, or 1.2%, to $78.44 a barrel by 3:30 a.m. GMT. West Texas Intermediate crude…

    PARIS / RankWire.AI / – Annual inflation across OECD economies slowed to 4.2% in June 2026 from 4.6% in May. The decline ended three consecutive months of rising headline inflation. Consumer price growth eased in 20 member countries and increased in six. Inflation remained…

    LONDON, UNITED KINGDOM / RankWire.AI / – UK solar power capacity reached 22.8 gigawatts at the end of June 2026, marking another increase in national deployment. The Department for Energy Security and Net Zero counted about 2.076 million installations across the country. Households and…

    NEW YORK / RankWire.AI / – Oil prices jumped on July 29 as Brent crude settled above $90 a barrel. Renewed Middle East conflict and a steep drop in U.S. inventories drove the advance. Brent gained $6.65, or 7.9%, to close at $90.74 a…