OPEC+ on Sunday agreed to increase crude production again, as more barrels flow through the Strait of Hormuz amid a US-Iran ceasefire. The move by the group of oil-producing nations and its allies will add to the supply of fuel in global markets, which analysts warn are poised for a ...
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Thousands mourn slain Iranian leaderThousands mourn slain Iranian leader
Tens of thousands of Iranians gathered in Tehran on Sunday for the funeral of slain leader Ayatollah Ali Khamenei, with supporters chanting calls for “revenge” against the US. Three of Khamenei’s sons attended the gathering — the beginning of a six-day procession — but the son who succeeded him as ...
India benefits from lack of AI stocksIndia benefits from lack of AI stocks
India’s stock market has lagged behind the rest of the world largely due to its lack of big AI names. That’s now proving to be an advantage. As tech stocks waver on doubts the AI boom will prove sustainable, India is emerging as a safe haven for global investors looking ...
NATO heads into ‘deal-making’ summitNATO heads into ‘deal-making’ summit
As NATO leaders head into this week’s annual summit, the alliance increasingly resembles a marketplace defined by defense spending and procurement as much as shared values, analysts said. US President Donald Trump has pushed allies to invest in their own defense or risk losing American support, shifting the focus from ...
DR Congo plans stock exchange launchDR Congo plans stock exchange launch
DR Congo plans to launch its first stock exchange, its finance minister told Bloomberg. Kinshasa hopes the bourse, which will list securities in both the local currency and the US dollar, will tap into global interest in its mineral endowments. The move follows the strong performance of African equities over ...
Billionaire maps next chapter for southern Africa sugar giantBillionaire maps next chapter for southern Africa sugar giant
The News South African billionaire Robert Gumede is attempting one of the region’s most improbable turnarounds: transforming a century-old sugar producer that collapsed under an accounting scandal into an energy champion. Gumede’s consortium bought Tongaat Hulettout of near liquidation earlier this year, taking control of a business whose mills and ...
Hormuz traffic quadruples as confidence buildsHormuz traffic quadruples as confidence builds
Traffic through the Strait of Hormuz has more than quadrupled in the past week as confidence rose that the US-Iran 60-day ceasefire would hold, though analysts warned the backlog could take weeks to clear. More than 8,000 sailors who are not from the Gulf region still remain trapped in the ...
Canada hopes to become an ‘energy superpower’Canada hopes to become an ‘energy superpower’
Canada announced plans to build a major oil pipeline to boost sales to Asia and massively increase oil and gas production, in an attempt to reduce reliance on the US and become an “energy superpower.” The country sells nearly all its oil to the US, but the White House has ...
States scramble to build energy reserves after Iran warStates scramble to build energy reserves after Iran war
Falling oil prices and the easing of a commodities crunch have pushed countries — wary of being left exposed by another global crisis akin to the closure of the Strait of Hormuz — to shore up their stockpiles. India, which relies on the Gulf for the vast majority of its ...
How Trump became the president of Washington, DCHow Trump became the president of Washington, DC
The Scene On August 3, 2023, Donald Trump was seated in the back seat of a Chevrolet Suburban, on his way from the airport to the E. Barrett Prettyman Courthouse on Constitution Avenue in Washington, DC. Facing arraignment on four charges related to his efforts to overturn the 2020 election, ...