IMF warns global economy ‘could soon test the limits of resilience’IMF warns global economy ‘could soon test the limits of resilience’

World Economic Outlook says states’ oil stocks are low and budgets are overstretched, as it upgrades UK GDP growth forecast for 2026 Developing nations face triple shock, UN warns The global economy “could soon test the limits of resilience”, as emergency oil stocks run low and government budgets become overstretched, ...

Saudi minister says kingdom is fearless after deadly Houthi strikesSaudi minister says kingdom is fearless after deadly Houthi strikes

“The word fear in the Saudi dictionary does not exist,” Saudi’s energy minister said Monday at a conference skipped by top oil executives, as back-to-back Houthi strikes on Riyadh’s airport threaten the kingdom’s economic ambitions. “Efforts to project a business-as-usual calm look strained,” Semafor’s Saudi bureau chief wrote. Saudi’s push ...

Cyberattack destroys food at hundreds of French grocery storesCyberattack destroys food at hundreds of French grocery stores

A cyberattack, affecting at least 400 French supermarkets overnight, raised refrigerator temperatures to more than 122°F (50°C) in some cases, forcing millions of dollars’ worth of food to be discarded Monday. “The weaponization of food has become a reality,” the EU commissioner for agriculture said. The scale of the hack ...