分类: business

  • World shares mostly advance and Japan falls ahead of Lunar New Year holidays

    World shares mostly advance and Japan falls ahead of Lunar New Year holidays

    Global financial markets presented a mixed performance on Monday as several Asian exchanges operated on limited schedules or remained closed in observance of the Lunar New Year holiday. European markets opened positively with Germany’s DAX climbing 0.2% to 24,958.01, while Britain’s FTSE and Paris’s CAC 40 both advanced 0.3% to 10,479.47 and 8,333.81 respectively.

    Asian markets displayed divergent trends with Japan’s Nikkei 225 declining 0.2% to 56,806.41 following disappointing economic data. Japan’s latest GDP figures revealed an annualized growth rate of merely 0.2% for the October-December quarter, falling short of economist projections. This sluggish economic performance has increased expectations that Prime Minister Sanae Takaichi will accelerate stimulus measures including increased government spending and tax reductions, according to Marcel Thieliant of Capital Economics.

    Trading volumes remained subdued with closures across Chinese, South Korean, and Taiwanese markets. Hong Kong’s Hang Seng managed a 0.5% gain during its abbreviated session, closing at 26,705.94. Australia’s S&P/ASX 200 added 0.2% while India’s Sensex increased 0.4%.

    U.S. futures indicated positive momentum with S&P 500 and Dow Jones Industrial Average futures both rising 0.4%, though markets remained closed for Presidents Day. This followed a period of stabilization on Friday after earlier sell-offs driven by artificial intelligence sector concerns that particularly impacted software companies.

    Commodity markets experienced declines with gold dropping 0.3% to $5,030.30 per ounce and silver falling 1.2% to $77.05. Oil prices also retreated with U.S. benchmark crude declining 34 cents to $62.55 per barrel and Brent crude decreasing similarly to $67.41. Currency markets saw the U.S. dollar strengthen to 153.33 Japanese yen from 152.64, while the euro slightly weakened to $1.1867 from $1.1872.

  • Japan’s economy barely grows in the last quarter as exports slow, with 2025 expansion just 1.1%.

    Japan’s economy barely grows in the last quarter as exports slow, with 2025 expansion just 1.1%.

    Japan’s economy registered minimal growth in the final quarter of 2025, narrowly escaping a technical recession despite persistent challenges in its export sector. According to preliminary seasonally adjusted data released by the Cabinet Office on Monday, the world’s third-largest economy expanded at an annualized rate of 0.2% during the October-December period.

    The quarterly growth rate stood at a modest 0.1%, marking a recovery from the 0.7% contraction experienced in the previous quarter. This positive turnaround follows a 0.5% expansion in the April-June period, creating a pattern of volatile economic performance throughout the year.

    Private consumption demonstrated resilience with a 0.4% annualized increase, indicating some stability in domestic demand. However, this progress was substantially undermined by a significant 1.1% decline in exports, highlighting the continued vulnerability of Japan’s export-dependent economic model to global trade tensions, including those exacerbated by former President Donald Trump’s tariff policies.

    For the entirety of 2025, Japan’s economy grew by 1.1%, representing the strongest annual performance since 2022 when the nation was recovering from COVID-19 pandemic disruptions. Despite this improvement, the growth trajectory remains considerably below the government’s near-term projection of approximately 0.6% average expansion.

    The economic landscape presents both challenges and opportunities for Prime Minister Sanae Takaichi, who recently secured a landslide electoral victory. Her administration has committed to implementing stimulus measures, including increased government spending and a temporary suspension of sales tax on food items, aiming to revitalize Japan’s persistently sluggish economic engine.

  • Trump has big plans for Venezuela’s oil but are they feasible?

    Trump has big plans for Venezuela’s oil but are they feasible?

    Despite possessing the world’s largest proven oil reserves, Venezuela’s energy sector presents a complex investment dilemma for American petroleum corporations. The recent political shift following the seizure of President Nicolás Maduro has opened theoretical opportunities for foreign investment, yet practical barriers remain formidable.

    Venezuela’s state-owned PDVSA has suffered severe degradation after years of underinvestment and mismanagement. Production has plummeted from historical highs of 1.5 million barrels per day to current diminished levels. Industry analysts note that much of the infrastructure requires complete reconstruction rather than mere maintenance, with estimated rehabilitation costs exceeding $100 billion.

    The fundamental economic viability remains questionable despite vast reserves theoretically totaling 300 billion barrels. Venezuela’s heavy crude requires specialized refining capabilities and commands lower market prices than lighter alternatives. Current global oil prices around $65 per barrel further diminish the economic appeal compared to previous eras of triple-digit crude valuations.

    Security concerns and legal precedents compound these challenges. Major energy firms including ExxonMobil and ConocoPhillips previously experienced asset expropriation without compensation, resulting in outstanding arbitration awards totaling billions. The continued presence of former regime officials and paramilitary groups creates additional investment security risks.

    The Trump administration’s approach has emphasized pressure over incentives, refusing to provide investment guarantees while threatening corporations hesitant to enter the market. This stance has led industry leaders to privately describe Venezuela as ‘uninvestable’ in its current state, despite political pressure to engage with the resource-rich nation.

    Analysts suggest that without substantial economic incentives and security guarantees, private sector participation will remain limited regardless of political developments. The potential for Venezuela to significantly impact global oil markets exists theoretically, but practical realization requires overcoming substantial structural, economic and political hurdles.

  • Dubai-Salalah travel: Oman Air launches 3 weekly flights for Khareef season

    Dubai-Salalah travel: Oman Air launches 3 weekly flights for Khareef season

    Oman Air has unveiled strategic plans to launch a new direct flight service connecting Dubai and Salalah, marking a significant expansion of its regional network. The national carrier of Oman will commence three weekly year-round flights starting July 3, 2026, strategically timed to coincide with the beginning of Salalah’s renowned Khareef (monsoon) season.

    The airline will begin accepting bookings for this new route from February 16, 2026, providing travelers with enhanced connectivity options between the UAE and Oman’s southern Dhofar Governorate. This initiative responds to growing passenger demand and aims to strengthen regional air corridors across the Gulf Cooperation Council (GCC) region.

    Con Korfiatis, Chief Executive Officer of Oman Air, emphasized the carrier’s commitment to supporting tourism growth: ‘With increasing demand for flights to and from Salalah, we are strategically expanding our seat capacity to provide flexible travel options that actively contribute to tourism and economic development in the governorate.’

    The Khareef season, which officially runs from June 21 to September 20 annually, transforms Salalah into a major tourist destination, attracting millions of visitors from the UAE and neighboring Gulf countries who seek respite in its lush green mountains and moderate climate.

    This route expansion follows Oman Air’s demonstrated capacity growth strategy. In January 2026, the airline increased available seats to Salalah by 20% compared to the previous year, following a 15% capacity enhancement during the autumn 2025 season to accommodate peak tourist arrivals.

    Concurrently, Oman Air has been developing its international connectivity, recently launching charter flights between Moscow and Salalah to tap into the growing Russian tourism market. This initiative is projected to bring over 7,000 visitors to the region, providing substantial support to local tourism enterprises and businesses.

    The airline has also announced plans to further optimize its flight schedule, including expanded services during Ramadan, to offer passengers greater flexibility and travel options throughout the year.

  • UAE banks well-positioned to cope with outflows amid rising geopolitical risks

    UAE banks well-positioned to cope with outflows amid rising geopolitical risks

    A comprehensive analysis by S&P Global indicates that banking institutions across the Gulf Cooperation Council (GCC) region demonstrate varying levels of preparedness for potential financial outflows stemming from geopolitical tensions. According to the latest assessment, banks in the United Arab Emirates, Kuwait, and Oman maintain robust net external asset positions that would enable them to withstand significant deposit withdrawals even under severe geopolitical stress scenarios. Saudi Arabian financial institutions similarly exhibit capacity to endure outflows, notwithstanding their rapidly increasing external debt obligations. The report highlights concerning vulnerabilities in Qatar and Bahrain, where banking sectors face potential funding shortfalls in worst-case conflict scenarios. Bahraini institutions could confront an absolute funding deficit of $1.9 billion by year-end 2025, while Qatari banks may experience a reduced but still substantial $4.4 billion shortfall. S&P maintains an average long-term ‘A-‘ rating for GCC banks, with 95% of outlooks rated stable as of December 2025. The analysis suggests that any credit impact from regional escalation would likely mirror the scale and duration of the June 2025 events when Iran retaliated against American strikes by targeting Qatar’s Al Udeid Air Base. While the region remains vulnerable to external debt outflows during tensions, the UAE banking sector specifically demonstrates exceptional resilience against potential geopolitical upheavals.

  • Xi’s article on key tasks of China’s current economic work to be published

    Xi’s article on key tasks of China’s current economic work to be published

    BEIJING – A comprehensive article detailing China’s economic roadmap for the current period, authored by President Xi Jinping, is scheduled for publication in the forthcoming issue of Qiushi Journal, the Communist Party of China Central Committee’s premier theoretical publication. The article derives from President Xi’s pivotal address delivered during last December’s Central Economic Work Conference, which establishes the nation’s annual economic agenda.

    The publication outlines several strategic pillars for China’s economic development. A primary emphasis is placed on stimulating domestic demand as a foundational element for constructing a robust and self-sustaining domestic market. Concurrently, the article champions innovation as the central driver for progress, advocating for the accelerated incubation of new growth engines to ensure long-term economic vitality.

    Further directives call for a deepening of structural reforms designed to inject renewed momentum into high-quality development initiatives. This is paired with a reaffirmed commitment to expanding the country’s openness, fostering international collaboration for mutual benefit across various sectors. The development strategy also prioritizes enhanced coordination to bridge urban-rural disparities and bolster regional synergistic growth.

    Environmental sustainability forms another critical component of the economic plan, with a dedicated push for a comprehensive green transition. This initiative is explicitly aligned with China’s ambitious dual carbon objectives of achieving peak emissions and carbon neutrality. Finally, the article underscores the government’s focus on social welfare, emphasizing the paramount importance of improving public livelihoods and proactively managing potential risks in crucial economic areas to ensure overall stability.

  • Ras Al Khaimah’s Wynn Al Marjan construction on schedule for early 2027 opening

    Ras Al Khaimah’s Wynn Al Marjan construction on schedule for early 2027 opening

    Wynn Resorts has confirmed its landmark $5.1 billion integrated resort development in Ras Al Khaimah remains on schedule for a first-quarter 2027 opening. The project, a joint venture between the Nevada-based gaming operator and local partner RAK Holding, achieved a critical construction milestone with the topping out of its 70-story hotel tower in December 2025.

    The ambitious Wynn Al Marjan Island development will feature 1,530 luxury rooms and suites, complemented by 22 food and beverage venues, a dedicated theater space, premium retail outlets, and a marina facility. Company executives characterize the UAE market as one of the most promising new destinations for integrated resort development in recent decades, with projected gross gaming revenue estimates ranging between $3 billion and $5 billion.

    Financial disclosures reveal Wynn Resorts has committed $914.2 million in equity contributions to date, with an additional $375-400 million planned for 2026 and $75-100 million in 2027. The remaining equity requirement is estimated between $450 million and $550 million. The project is expected to generate approximately $345 million in EBITDAR (earnings before interest, taxes, depreciation, amortization, and restructuring costs) upon operational commencement.

    The development represents a strategic expansion into what company leadership describes as a uniquely positioned market with limited announced competition. During the fourth quarter of 2025, Wynn Resorts contributed $79.2 million to the 40%-owned joint venture entity overseeing construction. This substantial investment underscores the operator’s confidence in the UAE’s tourism growth potential and Ras Al Khaimah’s emerging status as a premium international destination.

  • Bitcoin bounce revives bulls but ‘crypto winter’ risks linger

    Bitcoin bounce revives bulls but ‘crypto winter’ risks linger

    Bitcoin has demonstrated a tentative recovery following weeks of substantial market pressure, climbing over 4% to approach the $69,000 threshold. This upward movement, adding approximately $2,700 to its valuation, offers a temporary reprieve from the cryptocurrency’s recent 44% decline from its October 2025 peak. However, market analysts caution that this stabilization may represent technical market dynamics rather than fundamental strength, with macroeconomic uncertainties continuing to cast shadows on Bitcoin’s immediate prospects.

    Market strategists observe that the current rebound appears driven primarily by technical buying and short-covering activities rather than robust institutional participation. Trading volumes remain notably subdued, while volatility metrics indicate many investors maintain a cautious stance awaiting clearer signals from key economic indicators, particularly US inflation data and Federal Reserve policy directions.

    Research firm Ned Davis Research presents one of the more conservative outlooks, suggesting Bitcoin could potentially face further declines should current corrections evolve into a prolonged bear market. Historical analysis indicates that during previous major downturns, Bitcoin experienced peak-to-trough declines ranging between 70-75%. Should similar patterns emerge, prices could theoretically approach the $31,000 range—representing a potential 55% decrease from current levels.

    The duration of historical crypto winters further compounds concerns. Since 2011, Bitcoin has endured average drawdowns of approximately 84% during bear markets, with these downturns typically lasting around 225 days. With only 120 days elapsed since October’s peak, the current correction might still be in its preliminary phases if historical cycles repeat.

    Despite these cautionary indicators, some market observers identify reasons for measured optimism. Analysts at Bitfinex note diminishing selling pressure and improving funding rates across derivatives markets, potentially signaling the formation of a short-term base. Simultaneously, CoinShares research indicates stabilization in institutional flows into crypto investment products following weeks of outflows, suggesting selective re-entry by larger investors.

    The cryptocurrency’s strengthened correlation with global equities and risk assets renders it particularly sensitive to interest rate expectations and liquidity conditions. For investors in UAE and regional markets, Bitcoin’s recent volatility reinforces its characterization as a high-risk, high-reward asset class, with many traders adopting wait-and-see approaches focused on short-term opportunities rather than long-term accumulation.

    While the modest rebound provides temporary relief for bullish investors after months of declines, the broader outlook remains delicately balanced. Stabilizing prices and improving sentiment suggest potential base formation, yet bearish forecasts and historical precedents emphasize the risk that current recovery efforts might prove transient. Bitcoin’s trajectory will likely depend significantly on global macroeconomic signals and investor risk appetite in the coming weeks, with analysts anticipating range-bound movement until clearer market catalysts emerge.

  • Dubai Flower Centre: UAE’s dnata handles 227,000kg of Valentine’s Day flowers in 5 days

    Dubai Flower Centre: UAE’s dnata handles 227,000kg of Valentine’s Day flowers in 5 days

    Dubai’s strategic position in global floral logistics was demonstrated as dnata, a premier air services provider, managed an extraordinary 227,530 kilograms of Valentine’s Day blossoms through its specialized Dubai Flower Centre facility between February 7-11, 2026. This massive volume—transported via 274 separate shipments containing over 18,700 boxes—represented a substantial increase over typical operational periods, with February 10 alone seeing 59,800kg processed, more than double normal daily capacity.

    The floral influx originated primarily from Colombia, Ecuador, Ethiopia, Kenya, and the Netherlands, with traditional red roses maintaining their dominance in seasonal demand despite significant quantities of hydrangeas, chrysanthemums, and orchids passing through the facility. dnata’s purpose-built 3,500 square meter perishables center features advanced temperature-controlled zones, rapid airside transfer corridors, and specialized handling systems specifically engineered for time-sensitive cargo.

    With capacity to process up to 400,000kg of perishables daily, the facility operated with over 50 trained cargo professionals working around the clock during this peak period. Guillaume Crozier, dnata’s Chief Cargo Officer, emphasized: “Valentine’s Day represents one of our most intensive floral logistics windows. Our coordinated efforts with airline partners, exporters, and supply chain stakeholders ensure shipments move through Dubai with maximum efficiency while maintaining the highest standards for perishable care.”

    This operation underscores Dubai’s continuing role as a critical global transit hub connecting flower growers across Africa, Europe, and Asia with markets throughout the Middle East and beyond.

  • From farm to festive table: Inside Changsha’s global wholesale hub

    From farm to festive table: Inside Changsha’s global wholesale hub

    As China approaches its peak Lunar New Season consumption period, Changsha’s Hongxing Agricultural Wholesale Market has transformed into a round-the-clock global distribution nexus. This massive trading facility serves as critical infrastructure connecting international producers, sophisticated cold-chain logistics networks, and domestic vendors throughout China’s festival season.

    The market currently operates at maximum capacity, handling unprecedented volumes of fresh produce including tropical specialties, off-season delicacies, and premium imported fruits from global sources. The complex ecosystem of buyers, distributors, logistics coordinators, and transportation specialists works in coordinated shifts to maintain the continuous flow of perishable goods.

    China Daily’s field documentation reveals the human dimension behind this supply chain phenomenon. Market vendors report the current period represents their most profitable operational window, with some fruit varieties experiencing 300% demand surges compared to regular seasons. The market’s operational intensity reflects both China’s growing appetite for diverse food options and the sophisticated distribution networks that make year-round availability possible.

    This wholesale hub demonstrates China’s evolving consumption patterns where traditional festival foods now share table space with imported fruits, symbolizing both economic globalization and rising disposable incomes. The market’s success during this period underscores the effectiveness of China’s modernized agricultural distribution systems in meeting concentrated seasonal demand.