Saudi Arabia has temporarily shut its 1,200-kilometre East-West oil pipeline after a drone attack damaged the vital crude conduit, adding to mounting disruptions to energy flows across the Middle East as the
Volkswagen (VW) is grappling with production cuts and a shift in its electric vehicle (EV) strategy as part of a difficult new deal with its powerful workers’ council. The company, once heralded
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Chinese electric vehicle giant BYD, Tesla’s biggest competitor, has announced the launch of an advanced self-driving system, “God’s Eye”, which will be available on its entire vehicle lineup, including the budget-friendly Seagull
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Traders in the United States are paying significantly higher prices for copper, steel, and aluminium as they rush to secure supplies before President Donald Trump’s planned tariffs take effect. On Sunday, Trump
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New research suggests that the world could breach the 1.5C global warming threshold set by the Paris Agreement much sooner than previously anticipated, unless more stringent emissions cuts are implemented. Two studies
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Major companies in Oman, Abu Dhabi, and Saudi Arabia are stepping into metal trading as Gulf states seek to capitalize on the growing demand for critical minerals while reducing their dependence on
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India’s economic trajectory requires a bold reform agenda to achieve Prime Minister Narendra Modi’s vision of transforming the country into a developed nation by 2047. While ambition is commendable, matching it with
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Tensions between the United States and China are nearing a breaking point as a new wave of tariffs threatens to reignite a full-scale trade war. Analysts warn that if the two economic
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Activist hedge fund Elliott Management has acquired a stake in BP, raising speculation that the struggling UK oil giant could face pressure to scale back its green energy initiatives and refocus on
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A gastrointestinal illness has left nearly 100 passengers and crew members sick aboard a Royal Caribbean cruise ship traveling through the Gulf of Mexico. According to the U.S. Centers for Disease Control
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DP World has announced a record-breaking performance in 2024, handling an unprecedented 88.3 million twenty-foot equivalent units (TEUs) across its global ports and terminals. This marks an 8.3% year-on-year increase, despite macroeconomic
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