Economy
Three oil tankers linked to the United Arab Emirates’ state-owned energy company Adnoc were targeted within 24 hours while attempting to transit the Strait of Hormuz, escalating tensions around one of the world's most strategically important maritime routes. The United Arab Emirates has blamed......
Tanger Med is strengthening its role in international maritime trade after being added to the updated route of the AE19 service operated by Gemini Cooperation, the shipping alliance between Maersk and Hapag-Lloyd. The revised service connects the Saudi port of Jeddah with several major Asian ports,......
U.S. President Donald Trump has warned that Washington is preparing a major economic offensive against Iran as diplomatic efforts to end the prolonged conflict between the two countries continue to face difficulties. Trump’s warning came a day after U.S. Treasury Secretary Scott Bessent said Washington......
Italy recorded its highest-ever electricity demand for the month of July, as an intense heatwave pushed up the use of air conditioning and other cooling systems across the country. According to data from the Italian electricity grid operator, electricity consumption reached approximately 32.5 terawatt-hours......
Russia’s economy expanded by 1.3% in the second quarter of 2026, supported by government spending, stronger consumer activity and contributions from several key industries, according to Economic Development Minister Maxim Reshetnikov. The latest figure marks a significant improvement from the......
Canada’s tourism sector recorded total spending of $28.4 billion during the first quarter of 2026, marking a slight increase of 0.1% compared with the previous quarter, according to data from Statistics Canada. International visitors contributed significantly to the sector’s performance,......
The White House has warned that the United States may be losing between $19 billion and $26 billion in tariff revenue each year as foreign exporters increasingly use third countries to circumvent American trade restrictions. A new administration report claims that some countries are rerouting goods......
The U.S. Treasury is preparing to auction $25 billion in 30-year government bonds, with the sale expected to highlight the rising cost of long-term borrowing for the federal government amid persistent inflation concerns and elevated bond yields. The auction is scheduled for Thursday, with market indicators......
Producer-level inflation in the United States slowed in July 2026, suggesting that some cost pressures facing businesses have eased, particularly as energy prices declined. However, underlying inflation remained relatively firm, keeping monetary policy and interest-rate expectations in focus. According......
US President Donald Trump has ordered the introduction of 100% tariffs on imports of certain types of drones and drone components, marking another step in his administration's efforts to tighten controls on imported products and strengthen the use of tariffs as a trade policy instrument. Trump described......
Construction work on Hungary’s Paks II nuclear power plant is continuing according to the agreed timetable, with activity accelerating at several key areas of the project, according to Rosatom Director General Alexey Likhachev. Likhachev said construction of the buildings and critical facilities......
The cryptocurrency market regained some ground on Thursday as easing inflation pressures in the United States improved investor expectations about the Federal Reserve’s next interest-rate decision. The softer inflation outlook provided limited relief to riskier assets, although market participants......
The cost of maintaining a healthy diet in Morocco continued to rise in 2025, reaching $3.64 per person per day based on purchasing power parity, according to figures cited from the Food and Agriculture Organization of the United Nations (FAO) and its partners. Despite the increase in the cost of nutritious......
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