Silver prices climbed sharply on Friday, surpassing $90 per troy ounce as growing trade uncertainty in the United States and escalating Middle East tensions ignited a wave of safe-haven buying. The rally also reflected tightening physical supplies, amplifying the white metal’s role as both a hedge......
Gold hovered near recent highs on Friday and remained on track for a seventh consecutive monthly increase, supported by persistent safe-haven interest, renewed U.S. tariff uncertainty and ongoing geopolitical tension in the Middle East. Spot prices have advanced more than 6% so far in February, extending......
Türkiye’s exports totaled $20.31 billion in January, marking a 4% decrease compared to the same month a year earlier, according to figures released by the Turkish Statistical Institute. Data showed that imports edged up by 0.1% year-on-year to $28.69 billion, pushing the monthly trade deficit......
African governments and banks are stepping up efforts to reduce reliance on the US dollar in trade and financial transactions as uncertainty over American tariffs unsettles global markets. Ecobank Transnational CEO Jeremy Awori told Bloomberg that erratic US trade measures are motivating companies across......
Russia and Iran are steepening discounts on their crude exports to secure a shrinking pool of Chinese buyers after Indian refiners sharply reduced purchases of Russian oil. Moscow’s flagship Urals blend is now selling to China at about 12 dollars per barrel below the ICE Brent benchmark, compared......
Investor and Bridgewater Associates founder Ray Dalio has warned that the global financial and political system has entered a period of “great disorder,” marking the end of the post-World War II world order. In recent essays and public appearances, Dalio said current global tensions and rising......
British luxury carmaker Aston Martin has announced plans to reduce its workforce by around 20 percent as it faces mounting financial pressure linked to higher tariffs in key markets such as the United States and China, as well as broader economic uncertainty affecting the global automotive......
Fabio Panetta, member of the European Central Bank Governing Council, has pointed to competition from inexpensive Chinese imports as a factor behind the sharper-than-expected slowdown in euro zone inflation earlier this year. Speaking at the Assiom-Forex financial conference in Venice, Italy, Panetta......
India and Brazil have concluded a framework agreement to strengthen cooperation on critical minerals and rare earths, in a move aimed at reducing dependence on supply chains dominated by China. The accord was announced in New Delhi after talks between Prime Minister Narendra Modi and Brazilian President......
The United States recorded a historic trade deficit of $1.241 trillion in 2025, marking a 2.1% increase compared with the previous year, according to data released by the US Department of Commerce. This record deficit occurred despite the implementation of tariffs aimed at rebalancing trade flows with......
Iran’s currency has tumbled to historic lows as capital flight accelerates and oil revenues decline under renewed US sanctions, deepening strains on an economy already grappling with high inflation and social pressure over potential bread price increases. The Iranian rial weakened to around 16.3......
Russia’s flagship Urals crude is trading at its steepest discount to global benchmark Brent in nearly three years, underscoring mounting pressure on Moscow’s key export revenues as Western sanctions persist and Indian demand weakens. The discount on Urals expanded to $28 per barrel on a......
DP World on Monday released new regional findings from its Global Trade Observatory Annual Outlook Report 2026, indicating that 94 percent of supply chain leaders surveyed expect global trade growth in 2026 to match or exceed 2025 levels. The outlook remains positive even as companies contend with customs......
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