Economy
The United Kingdom government expects global oil prices to remain near 100 dollars per barrel through 2028, even if a peace agreement is reached between the United States and Iran, according to internal projections. The assessment signals a prolonged period of elevated energy costs driven by slow recovery......
Oman has halted crude loading operations at its Mina al Fahal export terminal following an explosion near its offshore mooring buoys, disrupting a key node in global oil supply chains. The incident has added new pressure to already strained energy markets, where supply disruptions across the Middle East......
India and the United States are accelerating efforts to finalize the first phase of a bilateral trade agreement, with both countries aiming to conclude negotiations by mid-July, according to India's Commerce Minister Piyush Goyal. Speaking on Friday, Goyal said officials from both sides have intensified......
Canada's labor market delivered an encouraging performance in May, with employment increasing significantly and the national unemployment rate declining despite concerns about slower economic growth. According to official labor statistics, the Canadian economy generated approximately 87,800 new......
Global oil markets are facing severe disruption as major institutions warn of an accelerating supply shock linked to geopolitical conflict and restricted maritime flows. The International Energy Agency has cautioned that crude markets could enter a critical shortage phase within weeks if key transport......
Bitcoin dropped to its weakest level since February on Wednesday as heavy selling from long-term holders and sustained outflows from spot exchange-traded funds extended a sharp market downturn. The cryptocurrency touched 61,300 dollars before stabilising near 63,000 dollars later in the session. The......
Eurozone GDP contracted by 0.2 percent in the first quarter of 2026 after a sharp downward revision of earlier estimates. The final figures show a significant shift from the initial flash estimate, which had indicated a 0.1 percent expansion. The revision marks the first quarterly contraction in the......
British companies expect prices to rise at a slower pace over the coming year, according to a new survey from the Bank of England, suggesting that inflationary pressures may be gradually easing. The Bank’s Decision Maker Panel survey found that firms in May anticipated price growth of around 4.0%......
Italy’s national statistics institute ISTAT has revised downward its economic growth forecast for 2026, reflecting a more cautious outlook for the country’s economy. According to its latest semi-annual report, Italy’s gross domestic product (GDP) is expected to grow by 0.7% in 2026,......
Global airline executives are gathering in Rio de Janeiro for a major industry meeting as the sector faces mounting pressure from a sharp rise in jet fuel costs linked to the war in Iran. The International Air Transport Association is expected to significantly cut its previous 2026 profit forecast of......
Acquisition discussions between U.S.-based investment firm Apollo Global Management and British industrial services company Bodycote have come to an end after Apollo announced that it would not proceed with a formal takeover offer. The decision concludes several weeks of market speculation following......
The national railway operator transported close to two million passengers during the Eid travel period as mobility demand surged across Morocco. The operation covered the peak holiday window and aimed to maintain service continuity across major rail corridors. Between 20 May and 7 June, the railway......
Morocco’s High Commission for Planning (HCP) reported mixed performance across the country’s secondary sector during the first quarter of 2026, while forecasting moderate growth for the second quarter. The assessment covers manufacturing, extractive industries, energy, environmental services,......
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