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Panama Canal slot prices hit records as Iran conflict disrupts shipping
Panama Canal slot auction prices hit records as war-driven demand meets tighter water constraints.
Chinese firms deepen grip on Europe’s car supply chain
Chinese firms are expanding through parts suppliers, local production and rising electric-car sales across Europe.
Qatar’s Foreign Direct Investment Surpasses $47 Billion in First Quarter
Qatar’s inward foreign direct investment rose 3.3% in the first quarter of 2026 to about $47.24 billion, while outward investment increased 3.5% to around $60.8 billion.
Goldman Sachs: Oil Prices Could Rise to $120 if Strait of Hormuz Remains Closed
Goldman Sachs expects oil prices to remain elevated, warning they could reach $120 per barrel if the closure of the Strait of Hormuz continues and disrupts global crude supplies.
$10 Trillion: How Cybercrime Became the World’s Third-Largest Economy
Global cyberattacks are accelerating, inflicting growing financial and operational losses on critical sectors while driving governments and businesses to invest heavily in cybersecurity. New estimates suggest cybercrime will cost the global economy $10.5 trillion in 2026.
China Draws Economic Red Lines as It Defends Its Growth Model
China is standing by its economic model based on industrial support, advanced manufacturing and investment, rejecting Western calls to shift toward boosting domestic consumption. The stance comes ahead of renewed trade discussions with the United States and the European Union.
War Tensions Drive Up Shipping Costs for Gulf Oil Exports
The renewed closure of the Strait of Hormuz and escalating attacks in the Red Sea are reshaping global oil flows, forcing Gulf countries to seek alternative export routes while rising security risks increase shipping and insurance costs.
International Recognition for Saudi Arabia’s Global Leadership in AI Adoption
The International Monetary Fund praised Saudi Arabia’s global leadership in adopting artificial intelligence across several sectors. The expansion of AI applications could contribute to increasing the country’s GDP growth rate by as much as 6% in the coming period.
Three U.S. funds invest $16 billion in Kuwait oil pipeline deal
Kuwait has signed a $16 billion agreement with a global investment consortium to develop its oil pipeline network, marking the country’s largest foreign direct investment deal to date.
Shipping insurance surges 150% as strait tensions reshape global oil export routes
Escalating tensions around the Strait of Hormuz and the Bab al-Mandab have disrupted global supply chains, forcing shipping companies to reroute vessels and driving up transportation and insurance costs.
Equinor’s Quarterly Profit Surges as Oil and Gas Prices Climb
Equinor reported $4.84 billion in quarterly profit and expanded its 2026 share buyback programme to $3 billion.
Novo Nordisk sues Eli Lilly over alleged false advertising claims
Novo Nordisk has filed a lawsuit against Eli Lilly, accusing the U.S. drugmaker of misleading advertising over claims that its weight-loss treatments outperform Novo’s competing medications.
Oil retreats from $90 as Iran signals openness to U.S. talks
Oil erased early gains after Iran signaled possible talks with Washington, easing fears over supply disruptions in the Strait of Hormuz.
Why Central Banks Are Turning to More Gold and Less Dollar
A World Gold Council survey shows central banks plan to boost gold reserves while reducing reliance on the U.S. dollar, reflecting a long-term shift in global reserve management.
US Dollar Hits 13-Month High Amid Market Volatility
The US dollar climbed to its strongest level in 13 months on Wednesday as investors sought safety from tech stock sell-offs and anticipated further Federal Reserve rate hikes.
Shipping Costs Surge Amid Tanker Shortage in Gulf
Charter rates for supertankers in the Gulf have jumped nearly ninefold, signaling that the Strait of Hormuz crisis now extends beyond oil prices into the shipping market.
Winners and Losers from Trump’s New Tariff Regime
President Donald Trump has reimposed tariffs under a new legal framework after a Supreme Court ruling, reshaping global trade and creating clear winners and losers among U.S. partners.
Shell Expands Investments in Venezuela Through Trinidad
Trinidad and Tobago signed an agreement with Shell to develop Venezuela’s Loran gas field, a move expected to boost regional output and open new pathways for Venezuelan energy exports to global markets.
International Warning of “Dark Scenario” for Global Economy if War Prolongs
The OECD warned that prolonged Middle East energy crisis until 2027 could push the global economy into a “dark scenario” with sharp slowdown and rising interest rates.
Texas accuses Netflix of spying on children in new lawsuit
Ken Paxton accuses streamer of designing addictive platform and falsely representing data collection practices