Oil prices fell on Thursday as investors assessed the risk of supply disruptions following attacks on ships in the Strait of Hormuz and considered the outlook for global crude supplies outlined in
The cost of insuring commercial vessels transiting the Red Sea has skyrocketed following a sharp escalation in attacks by Yemen’s Iran-backed Houthi militants, threatening further disruption to global trade flows. According to
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As global trade dynamics shift and U.S. tariff threats grow increasingly unpredictable, China is strengthening its economic monitoring systems to guard against potential worst-case scenarios and guide long-term strategic planning. The National
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Beijing’s recent export controls on rare earth elements have triggered a worldwide race to reduce dependence on China, but experts warn that breaking its dominance will be neither quick nor easy. In
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Europe’s busiest seaport, the Port of Rotterdam, is taking significant steps to prepare for the possibility of a war with Russia, including reserving dock space for NATO military supply ships and planning
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Leading U.S. private equity firms have abruptly paused their controversial “on-cycle” recruitment process, a practice that involved hiring promising college graduates for roles set to begin several years in the future. The
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UBS has made approximately 100 “goodwill payments” to clients in Switzerland who suffered steep losses on foreign exchange derivatives after market turmoil sparked by former U.S. President Donald Trump’s April 2 “liberation
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Samsung Electronics has stunned investors with a forecast of a 56% drop in second-quarter operating profit, as ongoing U.S. export restrictions on China and setbacks in supplying advanced AI memory chips to
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While luxury markets across China and the U.S. face slowing demand, Singapore is powering ahead — thanks to its soaring millionaire population and appetite for high-end retail. According to data shared with
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As U.S.-China trade tensions disrupt global supply chains, Asia’s richest man, Mukesh Ambani, is quietly turning volatility into opportunity — and helping America offload unwanted cargo in the process. According to a
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India’s Adani Green Energy is seeking reimbursement of several million U.S. dollars from the Sri Lankan government after pulling out of two major renewable energy projects, according to local media reports in
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Former U.S. President Donald Trump has issued a fresh warning to nations aligning with the BRICS group of developing countries, threatening an additional 10% tariff on their exports to the United States.
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The Commercial High Court of Colombo has granted a 14-day enjoining order restraining legal action to wind up SriLankan Airlines over unpaid international bond obligations amounting to $209 million. The order, issued
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PwC’s newly appointed UK senior partner Marco Amitrano is considering managing partner Laura Hinton as the leading candidate to head the firm’s Middle East operations, according to a report by the Financial
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A growing number of US industrial companies are pivoting towards the data centre market, hoping to ride the wave of artificial intelligence-driven demand as the sector sees an unprecedented influx of investment.
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Chinese mining companies have ramped up their overseas acquisitions to the highest level in over a decade, as they race to lock in critical mineral supplies amid intensifying geopolitical tensions and growing
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