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
Bank of America has reached a $72.5 million settlement to resolve a class-action lawsuit accusing the bank of facilitating the sex-trafficking operations of convicted financier Jeffrey Epstein. Court filings on Friday indicated
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China has launched what is believed to be the world’s longest outdoor escalator system, a nearly one-kilometre engineering feat carved into the steep banks of the Yangtze River in Wushan, part of
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As the World Trade Organization prepares to convene its 14th Ministerial Conference (MC14) in Yaoundé, Cameroon, from 26 to 29 March, newly released data from the United Nations Conference on Trade and
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Govind Tripathi of Gonda never imagined that a modest job offer would upend his life. In early 2024, he was hired by Robin, who promised a stable income and long-term prospects with
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Ukraine is confronting a perilous financial crossroads. According to estimates from domestic and foreign officials, Kyiv currently has enough funds to maintain government and defense spending only until June. The country’s precarious
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EY has set aside a record £188mn to cover regulatory fines and legal claims in the UK, underscoring intensifying pressure on the Big Four firm as it faces multiple investigations into the
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Premium automakers including Ferrari are resorting to air freight to deliver ultra-exclusive vehicles to wealthy Middle Eastern clients, as escalating tensions involving Iran disrupt traditional shipping routes and threaten demand in one
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Population growth across the United States has slowed to its weakest pace since the height of the COVID-19 pandemic, driven largely by a steep drop in immigration that economists warn could have
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OpenAI has indefinitely paused plans to release an erotic chatbot, marking a significant retreat from one of its most controversial experimental features as it pivots back toward core productivity-focused products. The decision
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UBS has suspended withdrawals from a €400mn European real estate fund for up to three years, in a dramatic move that underscores growing investor anxiety over global economic instability linked to escalating
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The world is facing an oil crisis of historic proportions as the ongoing United States-Israeli war on Iran has effectively shut down much of the Strait of Hormuz, the narrow chokepoint through
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As the fourth week of the U.S.-led military campaign against Iran unfolds, concerns are mounting that Washington risks being drawn into a long and costly conflict in the Middle East. Peter Mansoor,
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President Donald Trump is set to convene some of the biggest names in the tech industry, including Meta Platforms Chief Executive Mark Zuckerberg, Oracle Executive Chairman Larry Ellison, and Nvidia CEO Jensen
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American forces are preparing for a potential amphibious assault on Kharg Island, Iran’s crucial oil export hub, in a scenario that could dramatically reshape the region’s geopolitical landscape. Military planners envision US
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Recent unrest in the Middle East has raised concerns that Sri Lanka may face a shortage of oil supply. Because oil plays such a central role in the economy—powering transportation, construction, electricity
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