The illicit oil trade in Libya, fueled by heavily subsidized fuels being smuggled abroad, is sustaining the country’s rival political factions. The practice has created a steady revenue stream for armed groups,
Wall Street’s major banks are poised to extend the longest investment banking slump in more than a decade, with trading once again expected to deliver the bulk of revenue in the second
More
The global trend toward deglobalization, accelerated by former U.S. President Donald Trump’s tariff policies, is creating strong tailwinds for private credit markets, according to Marc Pinto, Global Head of Private Credit at
More
The Pentagon is making a direct $400 million investment in US rare earths producer MP Materials, underscoring the Trump administration’s urgent push to reduce reliance on China for critical minerals and strengthen
More
The Ceylon Chamber of Commerce has welcomed the recent reduction in the tariff rate on Sri Lankan exports to the United States, calling it a “constructive and important first step” toward enhancing
More
Nvidia has become the first publicly listed company to reach a market capitalization of $4 trillion, reflecting the rapid acceleration of the artificial intelligence (AI) boom that the company has helped to
More
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
More
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
More
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
More
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
More
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
More