Dubai Multi Commodities Centre (DMCC) launched the Dubai Diamond Week with its flagship Dubai Diamond Conference (DDC) on November 11, addressing key challenges in the diamond industry, such as a global price downturn, weak demand, competition from lab-grown diamonds, and shifting consumer
"We believe price hikes may have to be rolled back by month-end due to weak demand. Even so, demand is likely to pick up from Q3FY25, which should support prices somewhat," says the Nuvama report.
According to S&P Global Commodity Insights, the strikes have complicated the delivery of oil products, leading to deferred deliveries, weak demand, and logistical challenges for refiners.
According to IDC, this was the sixth consecutive quarter of contraction brought on by macroeconomic headwinds, weak demand from both the consumer and commercial sectors, and a shift in IT budgets away from device purchases.
India's traditional personal computers market, including desktops, notebooks, and workstations, continued to drop shipping only 2.99 million units, a decline of 30.1 per cent year-on-year in the January-March 2023 quarter, according to data released by the International Data Corporation (IDC
Tech giant Apple's personal computer shipments during January-March 2023 quarter declined over 40 per cent on a yearly basis owing to weak demand and weak macroeconomic fundamentals, data compiled by International Data Corporation (IDC) showed.
The global provider of market intelligence said weak demand, excess inventory, and a worsening macroeconomic climate were all contributing factors for the precipitous drop in shipments of traditional PCs during the first quarter of 2023 (Q1).
"The company is cutting memory production volumes to a meaningful level," the South Korean company said in a statement shortly after releasing earnings guidance. "Demand for memory has declined due to the macroeconomic situation and low consumer sentiment."
New Delhi [India], August 11 (ANI): State-owned steel producer Steel Authority of India (SAIL) recorded a sharp fall in its profits during the first quarter of the current financial year 2022-23 (April-June).
New Delhi [India], July 13 (ANI): Global crude oil prices have fallen further to touch the three-month low due to a weak demand outlook over growing concerns of a recession.
New Delhi [India], June 21 (ANI): International crude oil prices have come off their recent highs and declined on fears of the possibility of a recession in the global economy following aggressive monetary policy tightening by central banks and the likelihood of weak demand outlook for th
Mumbai (Maharashtra) [India], Aug 21 (ANI): India Ratings and Research (Ind-Ra) has said the decline in US sales of Indian companies was attributed to a high single-digit price erosion in US generic market coupled with a continued weak demand for the acute portfolio of products during 1Q FY2