January 12, 2026

China and EU Reach Deal on Chinese Electric Vehicle Exports with Minimum Pricing Guidelines

China and the European Union have agreed on new rules for Chinese electric vehicle exports. The EU will set minimum prices for these cars. The deal follows EU tariffs on Chinese EVs imposed in 2024 over subsidy concerns.

January 12, 2026

TCS Q3 Net Profit Drops 13.91% to ₹10,657 Crore; Revenue Rises 4.86% Amid $1.8B AI Boost

TCS reported a 13.91% fall in net profit to ₹10,657 crore for Dec quarter. Revenue rose 4.86% to ₹67,087 crore. AI revenues hit $1.8 billion. New deals worth $9.3 billion.

January 12, 2026

Oman Bans Expats From 200+ Jobs to Boost Local Workforce Under Omanisation Drive

Oman has banned expatriates from working in over 200 professions, including tourism and management, to create more jobs for locals. The policy phases out foreign work visas in these roles by 2027, aiming to strengthen the economy and reduce reliance on foreign labor. The move may challenge businesses but promises new opportunities for Omani citizens.

January 12, 2026

US Shale Oil Producers Face Fresh Challenge as Venezuela Plans to Boost Output by 2026

US shale oil producers are struggling with low prices and now face competition from Venezuela's returning oil output. This could further pressure prices and production plans in 2026.

January 12, 2026

Oman Plans 60,000 New Jobs in 2026 to Boost Economy and Skills

Oman unveils a bold 2026 employment plan to create 60,000 new jobs. The strategy links education with labor needs, emphasizing private sector growth and skill upgrades.