LONDON (Reuters) -- Six months after leaving OPEC, the United Arab Emirates on Monday began hosting ADIPEC, one of the world's largest energy conferences, where it told an audience of industry executives it had increased oil exports in spite of the Iran war. The UAE was for 59 years a pivotal ‌member of the Organization of the Petroleum Exporting Countries. It said in April it would leave the group, weeks into the US-Israeli war with Iran. The war, which began at the end of February, has led to

WASHINGTON (Reuters) -- US manufacturing activity picked up in October amid strong domestic demand, keeping inflation at the factory gate elevated. Despite the unexpected improvement reported by the Institute for Supply Management on Monday, sentiment among manufacturers remained ‌overwhelmingly downbeat, with some complaining that "economic policies coming out of Washington continue to weigh on business conditions," and others saying the situation was "making it impossible to make sound long-te

The United States imposed sanctions on Wednesday to target what the Treasury Department ‌said were North Korean government-run schemes that use IT workers to defraud US businesses and generate revenue for Pyongyang's weapons programs. The Treasury Department said the ‌schemes involve North Korean IT workers fraudulently gaining employment with companies in the United States and elsewhere, and Pyongyang taking most of the workers' wages to fund its weapons ⁠of mass destruction and ballistic missi

LONDON (Reuters) -- The world's top consumer goods and food companies, from Coca-Cola and Procter & Gamble to Nestle and Reckitt, have warned of further price hikes next year to cover rising costs even as shoppers remain reluctant to splurge on groceries. Higher energy, raw material and freight costs as a result of the US war on Iran mean that the companies making everything from laundry detergent to soda and snacks face a balancing act to protect profit margins. Even higher prices on everyday i

HOUSTON (Reuters) -- ​Americans have paid more for their gasoline and diesel at the pump on ‌average during President Donald Trump's second term than they did under his Democratic predecessor, Joe Biden, according to ‌the AAA. Surging fuel prices are a major thorn in Trump's side as midterm elections loom and the Republican Party looks ⁠to defend narrow majorities in both legislative chambers on Nov. 3. The price of a gallon of regular gasoline has averaged $3.472 ⁠a gallon since Trump took offi

OTTAWA (Reuters) -- The United States and Canada are working on a deal to ease US tariffs on Canadian steel and autos, two US and four Canadian sources said, as the two governments try to repair relations that soured after trade talks broke down in August. The talks focus ‌on tariffs imposed under Section 232 of US trade law, including up to 50 percent tariff on Canadian steel and a 25 percent tariff on autos, with negotiators discussing potential relief from those duties. Just 32 percent of Ame

North Korean leader Kim Jong-un returned to his country by road ‌on Sunday after visiting a historic Korean War memorial in the Chinese border city of Dandong, North Korean state media reported. Kim visited ‌the city on Saturday and crossed a newly opened bridge that connects the country to its biggest trading partner, China, which was seen as symbolizing a ⁠push by Beijing and Pyongyang to expand trade ties. North Korean state media heavily emphasized the historical weight of the visit, describ

Global firms and governments rushed on Thursday to patch critical flaws in the ‌PHP programming language that underpins much of the internet, as cloud firms reported a surge of hacking attempts after the vulnerabilities were disclosed. The push came after governments in Europe and elsewhere took websites offline as a precaution on Wednesday while website operators scrambled to secure systems running the software. The emergency shutdowns of banking, airline, rail, tax and government services from

​A South Korean container ship completed the country's first commercial round trip to ‌Europe via the Arctic on Sunday, as authorities bank on the route helping turn the port of Busan into ‌a global maritime hub. The PanStar Acro docked in the southeastern port 50 days after setting sail on August 22. Authorities ⁠say the Arctic route could cut typical voyage times by around a third. President Lee Jae Myung has made Arctic shipping ⁠a priority, and officials hope to launch regular services by 20

Samsung Electronics is expected to report a nearly nine-fold jump in third-quarter operating profit, driven by robust AI ‌demand, though analysts have cut forecasts by nearly 8 percent since the end of August. Despite moderating gains in the prices of memory chips and a strengthening South Korean won, the world's largest memory-chip maker is expected to post operating profit of 106.1 trillion won ($79.1 billion) for the July-September quarter. The LSEG SmartEstimate, based on ‌forecasts from 21

North Korea criticised the United States over its arms sales ‌and military support for Taiwan, accusing Washington of fuelling tensions in the Taiwan Strait, state media KCNA said on Wednesday. A KCNA ‌commentary citing North Korean international affairs analyst Kim Myong-chol said US policy on Taiwan was undermining peace and stability in the region. The commentary condemned ⁠the appearance of US-sold fighter aircraft in Taiwan, saying the US "should think twice whether it is ready to stand in

The 20th Asian Games closed on Sunday after a rocky fortnight lit up by youthful brilliance in the ‌sporting arenas but tempered by logistical dysfunction and subdued public interest. Olympic Council of Asia President Sheikh Joaan bin Hamad Al Thani declared the Games closed at Mizuho Park Athletic Stadium, with the torch handed to organizers of the next event in Doha 2030. Some 17,000 athletes and officials came for the Aichi-Nagoya showpiece, more ‌than the Paris Olympics, competing in 469 gol

Nvidia said on ‌Monday it has invested $3.5 billion in convertible bonds issued by Taiwan's MediaTek, ‌which could add to growing investor concerns about circular financing in ⁠the AI sector. The new deal is the latest example of Nvidia helping ⁠finance businesses building products and infrastructure around its technology, ​a strategy that supports growth in ‌its AI ecosystem but has ‌drawn ‌investor scrutiny. The deal includes ‌MediaTek adopting Nvidia's ​NVLink Fusion platform, allowing custom

North Korea denounced military drills by the US and South Korea, saying it ‌would continue exercising its right to self-defence to counter what it called military threats from the two countries, state media KCNA reported ‌on Wednesday. A KCNA commentary called the US and South Korea "warmongers" that raise tensions on the Korean Peninsula, denouncing the 11-day Ulchi Freedom Shield exercise. The ⁠criticism comes after US President Donald Trump on Sunday ordered the Pentagon to "substantially red

BRUSSELS (Reuters) -- ​The European Union imposed on Monday tariffs ‌on terephthalic acid - a raw material used to make ‌a common sort of plastic known as PET - made ⁠in South Korea and Mexico to protect producers in Belgium, Poland and ⁠Spain. The so-called anti-dumping new duties ​were set at a range between 6.1 percent ‌and 13.3 percent on the ‌commodity ‌made in South ‌Korea and at 24.1 percent ​on the chemical made ⁠in Mexico, the EU Commission said in a statement on Monday. "Terephthalic ⁠