Volatility surged on China’s oil futures following the US sanctions on Yangshan Port, Reuters reports. Traders sprang into action as market uncertainty escalated amid mounting geopolitical tensions
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Fleeing the turmoil of political and economic crisis under Maduro and facing hostility during the Trump era, thousands of Venezuelans are now turning to Spain-drawn by strong cultural ties and the hope of a fresh start
Max Healthcare and IndiGo’s parent company are gearing up to join India’s elite Nifty 50 index, the NSE announced after its latest reshuffle. This thrilling development underscores their growing impact and robust market standing as the index undergoes its regular review
The US-Japan trade deal secures the lowest tariff rates ever on semiconductor chips and pharmaceuticals, a Japanese official revealed, setting the stage to turbocharge supply chains and strengthen economic ties, Reuters reports
UK’s Lammy and US Vice President Vance are joining forces to confront the mounting crisis in Gaza, focusing on urgent humanitarian needs and exploring viable routes to peace, Reuters reports. Their talks aim to rally the world for a united and effective response
A massive wildfire in France, which tore through 16,000 hectares, has finally been brought under control, local authorities confirmed. Courageous firefighters battled relentlessly for days to conquer the fierce blaze. Thankfully, no casualties have been reported, and investigations are now underway
Missed signals and rising tensions have suddenly derailed India-US trade talks, dashing hopes of tariff relief and expanded market access. With negotiations now at a standstill indefinitely, both countries face an uncertain future, Reuters reports
A surprise trade deal with Japan has sparked a wave of excitement across the globe, igniting hopes for wider and more powerful economic alliances. This unexpected agreement signals major changes on the horizon for regional trade dynamics
UK’s Labour MP David Lammy delivers a powerful warning: Britain may intensify pressure on Israel if the Gaza crisis worsens, urging bold and decisive action as the conflict escalates, Reuters reports
Italian authorities have captured a Chinese state-sponsored contract hacker, acting on a request from the US, the Department of Justice confirmed. Reuters reports that the suspect is charged with cyber espionage targeting multiple critical sectors
The UK’s economy is bracing for far tougher challenges from a 3°C rise in global temperatures than once expected, the Office for Budget Responsibility has revealed, highlighting serious risks to growth and public finances
Shares of Indian brokers and the Bombay Stock Exchange (BSE) tumbled sharply after the securities regulator dealt a major blow by banning global trading powerhouse Jane Street from operating in India, citing serious regulatory concerns, Reuters reports
Exclusive: Local Chinese governments are turbocharging “zero-mileage” used car exports by rebranding brand-new vehicles as used, artificially inflating sales and growth figures, Reuters reveals. This strategy raises major concerns about data accuracy and market transparency
The UN Security Council convened urgently to tackle the escalating conflict in Iran, with Russia and China demanding an immediate ceasefire. Diplomatic efforts are ramping up swiftly to ease tensions and bring stability back to the region
As global uncertainty intensifies, UK Plc’s robust resilience and attractive valuations are drawing keen interest from dealmakers on the hunt for stable investments and unbeatable bargain opportunities, Reuters reports
Exclusive: Synopsys has stopped all sales to China following the latest US export restrictions, according to an internal memo obtained by Reuters. This decision underscores the rising tech rivalry between Washington and Beijing
In a pivotal gathering in Canada, G7 finance leaders came together to tackle the pressing issue of non-tariff barriers, seeking a cohesive strategy amidst escalating global trade tensions. Yet, the path forward may be fraught with challenges, as U.S. officials are likely to prioritize their own domestic interests, potentially complicating these crucial discussions.
Italy and Germany have called for immediate action from NATO allies to tackle the growing disparities in defense spending during a recent meeting. With global tensions on the rise, both nations passionately urged member states to boost their military budgets, reinforcing the importance of collective security for all
The U.S. has taken decisive action by imposing sanctions on multiple companies linked to the facilitation of Iranian oil shipments to China. This bold move represents a crucial advancement in Washington’s strategy to disrupt Iran’s oil exports and diminish its influence across the region.
Italy’s Eni has officially joined forces with Argentina’s YPF by signing a Memorandum of Understanding to embark on an exciting liquefied natural gas (LNG) project. This collaboration is set to boost energy production and elevate export capabilities in Argentina, showcasing the region’s rich resources and attracting increasing international attention.