Focus on Economy
Canadian insured losses from 2024 weather events reach record C$8.5 billion
Canada's insured losses hit a record C$8.5B in 2024, driven by wildfires, hailstorms, and flooding, per IBC data.
Column: LME puts 2022 nickel crisis behind it as trading booms
The LME has rebounded from its 2022 nickel crisis, with record trading volumes in 2024 driven by renewed investor interest.
Russia faces higher costs on sea-borne oil exports due to new US sanctions
US sanctions targeting Russia's shadow fleet and oil trade complicate Moscow's exports, raising global oil prices by six per cent.
Berlin considers full Uniper exit, targets deal after summer, sources say
Germany considers selling its full Uniper stake, exploring re-IPO or private equity sale amid post-crisis recovery plans.
German premium carmakers’ sales battered in China and Germany amid slowdown
Germany’s luxury carmakers faced sharp sales drops in 2024 as economic uncertainty and EV challenges hit home and China.
US oil refiners brace for a tough year as investor sentiment turns negative
Investors are souring on the U.S. oil refining sector, citing forecasts for softer fuel demand and worries that Trump may slap tariffs on...
Russian rouble slips as oil price and forex action limit sanctions impact
Rouble weakens as U.S. sanctions target Russian oil firms, while rising oil prices and yuan forex sales offer support.
China’s electric car sales grow in 2024, as sales of gasoline cars plunge
China's EV sales surged 40 per cent in 2024, while gas-powered car sales plunged 17 per cent, reshaping the world's largest auto market.
The mineral map of Greenland: Strategic riches amid environmental challenges
Trump renews interest in Greenland, a mineral-rich Arctic hub with rare earths, graphite, and untapped resources.
Lithium prices to stabilise in 2025 as mine closures, China EV sales ease glut, analysts say
Lithium prices to stabilize by 2025 as closures and China EV demand absorb oversupply, but reopened mines may cap gains.
