Economy
Norway has generated roughly 5 billion dollars in additional revenue since the start of the war in Iran, as disruptions to global energy supply boosted oil prices and demand from Europe. According to The New York Times, the surge reflects Norway’s growing role as a key energy supplier to European......
Gold prices hovered near record highs as easing tensions between the United States and Iran reduced demand for safe-haven assets, while oil prices edged lower on expectations that renewed diplomacy could prevent a broader supply crisis. Spot gold traded around 4,850 dollars per ounce early Wednesday,......
Morocco will host the first edition of Industrial Transformation Africa from September 29 to October 1, 2026 in Casablanca. The event is designed as a major international platform to accelerate industrial development across the continent and connect African industries with global innovation ecosystems.......
The Tour Mohammed VI has been officially inaugurated in Rabat, marking a major milestone in Morocco’s urban and architectural development. The ceremony was led by Moulay Hassan, underscoring the project’s national significance. Rising above the Bouregreg valley and visible across Rabat and......
The government of Greece has proposed extending the mandate of central bank governor Yannis Stournaras, according to an official statement released on Wednesday. Stournaras, who has led the Bank of Greece since 2014, is also a member of the Governing Council of the European Central Bank. His current......
The war in Iran, now in its seventh week, has disrupted roughly 20 percent of global oil supply passing through the Strait of Hormuz and pushed energy prices to levels not seen since 2022. Yet the crisis is also accelerating a structural shift toward renewable energy, with analysts saying the transition......
Germany’s solar power output is set to rise sharply this summer, reducing reliance on natural gas as energy markets face disruption from the war in Iran. Data from BloombergNEF shows solar generation in Europe’s largest electricity market will average about 16.5 gigawatts between April and......
The war in Iran and disruptions to oil and gas flows through the Strait of Hormuz are reshaping global energy markets, with China positioned to benefit most. In a Substack post published on April 13, Paul Krugman warned that rising geopolitical tensions are pushing energy-dependent economies away from......
Rising oil prices linked to tensions in the Strait of Hormuz are driving a sharp divide among leading economic forecasters over the outlook for global inflation. With crude holding above 100 dollars per barrel, Oxford Economics and Royal Bank of Canada present contrasting scenarios, underscoring uncertainty......
Global cocoa futures have dropped sharply from their historic peak, falling about 74 percent from nearly 12,900 dollars per metric ton in December 2024 to around 3,365 dollars this week. The decline reflects a rapid shift in market conditions, driven by improved harvests and softer chocolate demand.......
The war in Iran has triggered what energy officials describe as the largest supply disruption in the history of the global oil market. The shock has reshaped energy demand patterns and accelerated a shift toward alternative sources, placing China at the center of the transition. Despite being Iran’s......
BAWAG Group AG has announced an agreement to acquire Irish retail lender Permanent TSB in a deal valued at approximately $1.9 billion, marking a significant consolidation in the European banking sector. The transaction, worth around 1.62 billion euros, will see BAWAG pay 2.97 euros per share, according......
China has lifted restrictions on some iron ore purchases from BHP, signaling a shift in a trade dispute that had disrupted global supply chains for months and unsettled commodity markets. A state-backed buyer, China Mineral Resources Group, informed steel producers they could resume bidding on selected......
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