Travel disruptions are looming as the FAA prepares to cut flights across major US airports amid the ongoing government shutdown.In the commodities market, Russian oil prices are sliding as India and China scale back purchases under new US sanctions.Meanwhile, GLP-1 weight-loss drugs are set for major price relief under a…
The United States saw major political, legal, and corporate developments on Thursday — from President Donald Trump’s international remarks and a sweeping drug pricing deal to a key federal court ruling and a crucial shareholder vote for Tesla. Here’s a summary of the day’s top stories in the US today.…
A new analysis from Rystad Energy highlights Latin America’s strong position in the global oil market, forecasting that offshore production from Brazil, Guyana, and Suriname, alongside Argentina’s Vaca Muerta shale, will supply cost-competitive barrels through the end of the decade. Global liquids demand is expected to peak around the early 2030s…
Overnight news developments spanned technology, trade, and diplomacy, as Tesla’s Elon Musk projected progress in China, Apple contended with a high-profile streaming disruption, and US President Donald Trump announced a wave of foreign investments. The day also brought signs of a thaw in US-India relations, with Trump signalling willingness to…
US President Donald Trump signalled a potential thaw in India-US trade relations, saying discussions with New Delhi were “going good” and that he could visit India next year if invited by Prime Minister Narendra Modi. Speaking at the White House, Trump praised Modi as “a great man” and “a friend”,…
North Korea launched a ballistic missile on Friday towards the sea off its east coast, reigniting regional security concerns and testing diplomatic patience across Asia. The launch, confirmed by both South Korea and Japan, followed a series of recent missile tests and came soon after US President Donald Trump reiterated…
The gold market is poised precariously around $4,000 an ounce, with the metal having fallen from last month’s record highs above $4,360. While many analysts view the drop as a healthy correction in a long-term uptrend, famed British economist Jim O’Neill, former UK Treasury minister and ex-chairman of Goldman Sachs Asset…
India’s aggressive rollout of renewable energy is pressurising the country’s electricity grid and driving up supply costs, largely because demand growth has failed to keep up with the new capacity, a senior Central Electricity Authority (CEA) official announced on Friday.India achieved a significant milestone in its renewable energy transition during…
Europe’s public finances are starting to look like a slow-motion car crash that everyone sees coming. All of the region’s governments are ramping up spending, borrowing, and their promises. Unfortunately, growth is not able to keep up with them.But the situation is unsustainable. Higher rates, aging demographics, defence and green…
With the US government shutdown leaving investors flying blind, fresh analysis from Bybit reveals how Wall Street is adapting to the sudden blackout of official labor market statistics.The world’s second-largest crypto exchange spotlights a growing reliance on private sources like Bloomberg and ADP, painting a picture of cautious optimism even…