Month : April 2025

Business

OPEC+ to gradually restore oil output with flexible adjustment

omandailynews.com
The eight OPEC+ countries that had previously undertaken voluntary production adjustments have reaffirmed their coordinated efforts to support global oil market stability in response to sustained positive market indicators. Representatives from Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman convened virtually on 3 April 2025 to evaluate current market conditions and confirm next steps in their......
Featured News

EU automakers urge leaders to restore trade stability

omandailynews.com
European automakers have urged the European Union and United States to resolve escalating trade tensions swiftly, citing growing risks to jobs, industrial investment, and transatlantic economic cooperation. The call follows heightened concerns within the automotive industry over the potential fallout from ongoing disputes affecting the cross-border movement of vehicles and parts. In a statement issued......
Health

Austria tightens Slovakia border control to protect farms

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Austria has temporarily closed several minor border crossings with Slovakia to protect its livestock industry following an outbreak of foot-and-mouth disease in the neighboring country. State Secretary for Health Ulrike Königsberger-Ludwig announced on Wednesday that the Ministry of the Interior had finalized a list of smaller crossings to be shut down. The closures......
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Business Europe pushes for rules-based response to US tariffs

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The United States’ decision to impose an additional 20 percent tariff on products imported from the European Union (EU) has drawn strong criticism from BusinessEurope, the continent’s largest business organization. Speaking from Brussels on April 3, 2025, BusinessEurope Director-General Markus J. Beyrer warned that the unilateral move threatens to undermine the transatlantic economy, which he described as the......
News

Austria sees sharp rise in unemployment in March

omandailynews.com
Austria’s registered unemployment rate increased to 7.4 percent in March 2025, as the prolonged economic downturn  continued to strain the country’s labour market. Official data released by the Austrian Public Employment Service showed that the combined number of jobless individuals and participants in training programmes rose by 27,400 year-on-year, reaching a total of 397,100. The......
Business

Global energy tech market to hit $2.1 trillion by 2035

omandailynews.com
The global market for five key energy technologies electric vehicles, electrolysers, heat pumps, solar photovoltaic systems, and wind turbines is projected to surge to approximately US$2.1 trillion by 2035, according to the latest World Energy Transitions Outlook 2024 published by the International Renewable Energy Agency (IRENA). The report indicates that this projected......
News

Myanmar earthquake triggers urgent global aid appeal

omandailynews.com
The United Nations has raised urgent concerns over a deepening health crisis in Myanmar, following a catastrophic 7.7-magnitude earthquake that struck the country last Friday. The disaster has resulted in thousands of fatalities, injuries, and missing persons, severely straining the nation’s already fragile health infrastructure. According to Dr. Fernando Thushara, the World Health Organization (WHO)......
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Egypt, Jordan to receive key EU financial support

omandailynews.com
The European Parliament has approved substantial financial aid packages for Egypt and Jordan, amounting to €4 billion and €500 million respectively, in a move aimed at reinforcing economic stability and supporting key reforms in both nations. The decision was made during a vote on April 1, 2025. The package for Egypt received 452 votes in favor, 182 against,......
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European Commission plans to expand Europol’s powers across EU

omandailynews.com
The European Commission has unveiled plans to significantly expand the mandate of Europol as part of a broader strategy to reinforce internal security across the European Union. Announced in Brussels on April 1, 2025, the initiative is aimed at enhancing law enforcement capabilities amid evolving geopolitical threats, hybrid challenges, and a surge in digital crime. The newly......