The Dutch government has collapsed less than a year after far-right leader Geert Wilders led his Party for Freedom (PVV) to a sweeping electoral victory. The ruling coalition crumbled on Tuesday after Wilders withdrew support, citing disagreements over immigration policy. This marks the latest political upheaval in the Netherlands, where…

BP, leading the consortium that owns the Shah Deniz gas field in the Azeri Caspian Sea, announced a $2.9 billion investment decision on Tuesday to increase the project’s production capacity.In a strategic realignment, the British oil giant is pivoting from renewable energy to increased oil and gas production. This includes…

According to a new research released Tuesday by the Organisation for Economic Cooperation and Development (OECD), the global economy is likely to slow in the coming two years. The OECD expects global GDP growth to slow from 3.3 per cent in 2024 to 2.9 per cent in both 2025 and…

There are downside risks for oil in the coming months, particularly from higher supply. However, prices could rise again from the beginning of 2026, according to experts. Eight OPEC+ nations implementing voluntary output reductions agreed over the weekend to boost oil production by 411,000 barrels daily in July. This marks the…

Automakers worldwide voiced concerns alongside US manufacturers on Tuesday regarding China’s dominance over critical minerals, Reuters reported. The companies warned that China’s export restrictions on rare earth alloys, mixtures, and magnets risk causing significant production delays and shutdowns unless swift remedies are implemented. This situation has amplified anxieties about China’s control of…

China is in advanced discussions to place a major order for Airbus SE aircraft, with a deal potentially timed to coincide with a high-level diplomatic visit from European leaders next month, Bloomberg reported citing people familiar with the matter.Officials are deliberating an order ranging from 200 to as many as…

Russia’s economy has not collapsed under pressure. At least not yet. GDP still grows. Wages have risen.Western sanctions failed to deliver the knockout blow many expected. But appearances are deceptive. The structure that holds this war economy together is increasingly brittle, and signs are mounting that President Vladimir Putin is…

The US Federal Reserve has removed a long-standing asset cap on Wells Fargo & Co., ending one of the harshest penalties imposed on a major American bank in recent history. The cap, set at $1.95 trillion, had been in place since 2018 following the company’s fake-accounts scandal that drew widespread…

Fueled by a softening dollar and renewed trade friction between the US and China, gold prices saw an uptick Wednesday, as investors sought the security of the precious metal.A weaker dollar makes commodities priced in the greenback cheaper for overseas buyers, thereby lifting demand. The gold price has continued its period…