Breaking News

Saudi Economy Shrinks Most Since 2020 as War Roils Oil Exports
Saudi Arabia’s economy saw its sharpest quarterly contraction since the Covid-19 pandemic, as the US-Israeli war against Iran poses challenges to the vital oil industry.

Japan turns to Canadian crude as Asia feels Hormuz supply pinch
Uncertainty over crude oil supplies via the Strait of Hormuz is pushing Asian states towards Canada's TMX crude oil.

US launches ‘powerful’ strikes on Iran after Jordan attack
The US has bombed multiple cities across southern Iran in what Central Command described as a ‘heavy wave of strikes’.

Meta’s Zuckerberg strains to assuage investor worries on AI bet
Meta gave a disappointing revenue forecast for the current quarter, intensifying investor concerns that the social media giant isn’t swiftly benefiting from its massive outlay on artificial intelligence. Ed Ludlow reports. (Source: Bloomberg)

Evo Morales defiant after new Bolivia arrest warrant
Bolivia's former president is being investigated 'for armed uprising' against the state, among other things.

Shell Profit Surges as Oil Trading and Refining Margins Boom
Shell Plc said its second-quarter profit soared to the highest since the outbreak of the Ukraine war as conflict in the Middle East drives a boom in trading and refining for the world’s energy majors.

Rescue operation in Argentina to free more than 100 snow-trapped tourists
Emergency services have rescued more than 100 tourists, trapped by a snowstorm in Argentina.