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Business / 3 days ago
Where does the world’s milk come from?
India continues to hold its position as the world’s largest milk producer in 2025, according to new data from the Foreign Agricultural Service (FAS) of the U.S. Department of Agriculture (USDA). The country now produces an impressive 212 million metric tons (MMT) of milk annually, far surpassing the European Union’s 150 MMT and the United States’ 103 MMT.
Business / 3 days ago
The future of the global economy: How emerging nations are working to redefine power by 2075
By 2075, the global balance of economic power could look entirely different, with emerging nations from Asia, Africa, and Latin America taking centre stage. According to Goldman Sachs’ long-term projections, the world’s largest economies will no longer be dominated by Western powers. Instead, countries like China, India, Indonesia, and Nigeria are expected to lead a multipolar global order defined by demographic strength, industrial expansion, and technological adoption.
Business / 4 days ago
Gold reaches new highs as investors seek safety
Gold has taken centre stage in 2025, with prices climbing by nearly 60 % so far this year to trade around US $4,250 per ounce, according to Trading Economics data. The rally reflects a growing appetite among investors for safety amid global economic uncertainty and geopolitical pressure.
Business / 1 week ago
Australia and China dominate global wool production
Australia and China remain the world’s top wool producers, according to recent figures from the International Wool Textile Organisation (IWTO). The data shows Australia leading with 356,745 tonnes of greasy wool, closely followed by China at 332,293 tonnes. Together, they account for nearly half of the world’s wool output. New Zealand ranks third with 133,100 tonnes, while Turkey, Morocco, Iran, Sudan, South Africa, Russia, and India complete the top ten list. These countries play crucial roles in regional textile industries and global wool supply chains, as reported by IWTO Market.
Business / 2 weeks ago
India leads global banana production but climate, trade tensions threaten the market
India has cemented its dominance as the world’s top banana producer, yielding 34.5 million tonnes in 2022, nearly triple that of China (12.1 mt) and far surpassing Indonesia (9.2 mt), Nigeria (8 mt), and Brazil (6.8 mt), according to FAO data. Despite this overwhelming lead, global banana markets are facing turbulence—from extreme weather to rising trade frictions and disease outbreaks.
Business / 2 weeks ago
Global dairy titans: Who tops the billion dollar league in 2025?
The global dairy industry is entering a defining moment. According to the latest Rabobank Global Dairy Top 20 report, growth across the world’s largest dairy producers has slowed to a near standstill, reflecting the combined pressure of lower milk prices, shifting consumer habits, and rising environmental demands. Yet amid these challenges, one truth remains unchanged: Lactalis still reigns as the world’s largest dairy company.
Business / 2 weeks ago
Parts of the EU risk poverty and social exclusion
Europe is widely seen as a basin of prosperity, with advanced economies, generous welfare systems, and high standards of living. Yet, in many European nations, nearly a third of the population faces poverty. The most recent data from Eurostat (2024) reveals stark disparities. Türkiye and Bulgaria top the list, with 30% of their populations facing poverty or social exclusion, followed closely by Romania (28%), Greece (27%), and Lithuania (26%).
