Ship Hit by Mystery Projectile in Strait of Hormuz
The United Kingdom Maritime Trade Operations announced on Tuesday that a vessel encountered an incident in the Strait of Hormuz. The ship wa…
Economy
303 articles
Trillions sitting idle: Here's how much money Europeans are losing on savings
European Commissioner for Financial Services and the Savings and Investments Union Maria Luís Albuquerque highlighted in Brussels in March 2…
Asian Stocks to Fall on AI, Key US Yield Tops 5%: Markets Wrap
Asian stock markets opened lower on Tuesday following a sharp selloff in U.S. semiconductor shares, driven by growing concerns over the sust…
Red Sea Fighting Threatens Global Oil Supply Chains as Houthi Gains Near Critical Strait
Intensifying conflict in Yemen has sent oil prices surging past $100 per barrel, as Houthi forces expand their control near the vital Bab el…
Saudi Pipeline Outage Could Cut 4% of World Oil Supply
P1: A major Saudi pipeline that feeds the Red Sea port has gone offline, threatening to drain the kingdom’s export stockpile. If the line is…
US Court Halts Trump Administration's Plan to Slash FEMA Workforce
A federal judge in Washington, D.C., on Monday blocked the Trump administration’s proposal to reduce the Federal Emergency Management Agency…
Saudi Arabian Pipeline Disruption Sparks Global Oil Supply Concerns
A major pipeline outage in Saudi Arabia threatens to disrupt global oil supplies if operations are not restored within days, according to in…
Portugal Seeks EU Funds to Support Firefighting Goat Herds
Portugal is requesting European Union financial assistance to maintain and expand herds of goats used for wildfire prevention, as budget tal…
US Consumer Prices Jumped 3.4 Percent in August
The United States Labor Department released its official inflation data for August on Friday. Consumer price indices indicated a significant…
U.S. Diesel Prices Hit Record High Amid Global Conflict
U.S. diesel prices have surged past the six-dollar mark per gallon. This milestone marks the highest level ever recorded for the fuel. The s…
Asia Pacific Economic Ties Serve as Blueprint for Middle East Peace
Economic integration across the Asia-Pacific region has acted as the primary stabilizing force for decades. This model offers a practical ro…
Japan producer prices surge beyond forecasts, reinforcing Bank of Japan rate hike case
Corporate goods prices in Japan climbed at a faster rate than economists predicted during August. This unexpected acceleration in inflation …
Edmond de Rothschild urges buying yen dips amid carry trade unwind
Edmond de Rothschild has advised investors to purchase Japanese yen during recent price declines. This strategy aligns with the firm’s view …
UN Chief Warns of Grave Consequences from Hormuz Escalation
UN Secretary-General Antonio Guterres warned on Wednesday of potentially grave consequences for civilians and the global economy amid report…
Iran warns Middle East on brink of World War Three after military exchanges with US
Tehran has declared the Middle East stands at the edge of a third global conflict following recent reciprocal strikes between Iranian and Am…
Stock futures show minimal movement as traders prepare for key inflation data
Wall Street remained steady on Wednesday evening as investors awaited the release of the wholesale inflation report, the first of two major …
U.S. Treasury Targets Foreign Firms Linked to Mahan Air
The United States authorities have expanded their sanctions list to include foreign entities facilitating trade for Iran’s state-linked carr…
Oil Prices Surge Past $100 as US-Iran Conflict Intensifies
Brent crude oil exceeded $101 per barrel on September 9, 2026, marking its highest level since July. This sharp increase reflects growing ma…
Oil Prices Break $100 Mark Amid Middle East Tensions
Global oil prices have surged back above the critical one-hundred-dollar threshold per barrel. This sharp increase occurred on September 9, …
U.S. to Ban Canadian Dairy, Motorcycles, and Most Alcohol
The United States is set to block imports of dairy products, motorcycles, and the majority of alcoholic beverages from Canada. This sweeping…
Wall Street Prepares for Volatile Session Amidst Uncertainty
Investors are bracing for significant market movement ahead of the upcoming trading session. The financial landscape remains tense as trader…
Daily OpenCNBC: Gulf Strikes Jolt Oil Toward Triple Digits
Iran's military claims it has struck two U.S. vessels and eight oil tankers in the Gulf of Hormuz, marking a sharp escalation in regional te…
Trump Administration Warns Australia Against Social Media Algorithm Law
The Trump administration has warned Australia that its proposed legislation targeting social media algorithms could violate international tr…
Tariff Relief Arrives for US Retailers After Painful April Slump
Major American retailers and manufacturers received welcome tariff relief this month from the Trump administration, but the financial damage…