Switzerland has lifted sanctions against Russian billionaires Alisher Usmanov and Mikhail Fridman, implementing a European Union decision that exposed divisions among European governments over the use of economic restrictions against individuals associated with the Kremlin. The decision, announced by the…
LONDON – The Bank of England is expected to raise interest rates Thursday for the first time in more than three years in order to tackle the inflation shock caused by the Iran war. With inflation predicted to rise further over…
With the global shipping industry facing heightened geopolitical and compliance pressures, and the traditional de-flagging process proving too slow, AMP introduced a new fast-track mechanism to remove vessels appearing on official sanctions lists. The Deputy General Director, Merchant Marine of…
A tanker was struck by projectiles off the coast of Qatar in the Persian Gulf, the British military said Thursday, while Iranian state television reported that two tankers and a towboat had hit mines in the Strait of Hormuz. Here…
Crude oil broke below the lower bound of the channel yesterday and extended the selloff after the US Vice President Vance blamed the war with Iran for the Republicans’ heavy losses in the midterm elections. The selloff started right when…
AUD/USD holds steady above 0.7000 during Thursday’s Asian session, consolidating the previous day’s recovery gains from a near three-week low as the Democratic sweep in the US midterm elections and Iran diplomacy hopes continue to weigh on the US Dollar.
Half of Bulgarians have cut spending on food or health because gas, electricity and fuel cost more, an EIB survey shows. The eighth European Investment Bank (EIB) Climate Survey found that 74% of Bulgarians say higher gas, electricity and fuel prices…
The first fleet of Russian diesel tankers that was supposed to prove Trump’s deal with Putin is running into a wall at sea. A month after the White House waived the sanctions needed to let Russian diesel cross the Atlantic,…
WASHINGTON, DC: Former White House press secretary Karoline Leavitt didn’t mince words about how rising gas prices hurt Republicans in the 2026 midterm elections. On Fox News’ 'Special Report with Bret Baier', she bluntly said that the higher prices made things tougher…
An estimated $54.2 million in incentives, existing industrial buildings and established infrastructure position Phoenix to accelerate deployment of U.S. rare earth processing capacityROCHESTER, N.Y., Nov. 05, 2026 (GLOBE NEWSWIRE) -- Phoenix Tailings’ Freedom Project will benefit from an estimated $54.2 million in state, local and infrastructure incentives…
Wars, sanctions and rivalries that move business: the Iran war's oil shock, sanctions, the U.S.-China rivalry, Russia's war economy, supply chains and Gulf money.
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