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
Shipowners have placed record orders for container vessels, driven by strong profits and signaling a potential shift in the global shipping landscape. According to a report from the Financial Times, the total
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by Our Economic Affairs Editor On the eve of his final moments in office, President Joe Biden implemented a sweeping ban on oil and gas drilling in over 625 million acres of
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Venezuela’s oil exports achieved a remarkable 10.5% increase in 2024, reaching the highest levels since 2019, despite the ongoing challenges posed by U.S. sanctions and the country’s fragile domestic economy. The surge
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Lars Barstad, CEO of Frontline, the world’s largest publicly listed oil tanker operator, has issued a stark warning about the growing threat posed by unregulated “dark fleet” vessels. Speaking to the Financial
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Canada is positioning itself to reclaim the top spot as the world’s largest uranium producer, driven by a surge in demand for nuclear power and escalating geopolitical tensions. With prices for uranium—the
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Tulip Siddiq, the UK Treasury’s Economic Secretary, is facing renewed scrutiny over her links to properties worth approximately £4.5 million ($5.5 million), connected to allies of her aunt, Sheikh Hasina, the former
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by Our Economic Affairs Editor The Port of Colombo has set a new benchmark in 2024, achieving a record throughput of 7,782,776 Twenty-foot Equivalent Units (TEUs), marking the highest performance in its
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To bring an end to the dollar hegemony one doesn’t need one common competing currency, but a number of national ones, according to former Ronald Reagan official and renowned American economist Dr
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In a controversial series of posts, Elon Musk, the billionaire owner of X (formerly Twitter), has drawn intense scrutiny for amplifying disinformation and inflammatory rhetoric surrounding the UK’s “grooming gangs” scandal. According
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Huawei’s audacious move to build its own mobile operating system, HarmonyOS, represents more than a corporate strategy—it signals the emergence of a formidable Chinese alternative to the global mobile software dominance of
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