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
The unveiling of a powerful artificial intelligence model by Chinese start-up DeepSeek has sent shockwaves through global markets, triggering a $600 billion sell-off in Nvidia shares—the largest single-day loss in US history.
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Global cryptocurrency markets experienced their largest-ever single-day drop overnight into Monday, with over $2.24 billion in liquidated positions, according to Coinglass, a platform tracking transactions across major exchanges. The unprecedented sell-off wiped
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A Denver-based company is poised to revive the era of supersonic air travel, potentially offering transatlantic flights that cost no more than current commercial flights but take only half the time. This
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The United States has demanded that Panama reduce China’s influence over the Panama Canal or face serious consequences, as tensions rise over the waterway’s neutrality. According to the Financial Times, US Secretary
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As of November 2024, the landscape of U.S. trade continues to be shaped by key international partners. The Trump administration’s recent tariffs, including a 25% levy on imports from Mexico and Canada
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According to a report by the Financial Times, Vitol, the world’s largest independent energy trader, forecasts that global oil demand will remain steady until at least 2040. The company anticipates that demand
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India’s government, led by Prime Minister Narendra Modi, has introduced a series of tax cuts and regulatory measures aimed at revitalizing the country’s economy, which is facing slow growth following a period
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A former senior Federal Reserve official, John Rogers, has been arrested and charged with leaking sensitive economic information to Chinese officials. Rogers, who worked as a senior adviser in the Fed’s international
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The European Union is set to introduce new reforms aimed at holding ecommerce platforms such as Temu, Shein, and Amazon Marketplace accountable for selling dangerous or illegal goods, especially those imported from
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India, the world’s fifth-largest economy, is aiming for an energy investment boom despite facing recent economic slowdowns. With its economy having recently overtaken the United Kingdom and projected to rise to third
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