Fed raises interest rates ahead of US midterms, Warsh calls it ‘right decision’
The decision taken by the apex bank has effectively put a stamp of acknowledgement on the Trump administration's inability to control inflation...
Tag : Iran War
AirBaltic files for Chapter 11 bankruptcy as Iran war drives up fuel costs
AirBaltic, known as Latvia's flagship carrier, now seeks to restructure its debt pile and survive the deepening sector-wide crisis...
Saudi’s East-West Pipeline shutdown threatens 4% of global oil supply
Saudi Arabia has shut down pipeline following drone attacks on the vital crude conduit, amid the war-related disruption in the Strait of Hormuz...
Nigeria’s domestic crude swap proposal could cut refining costs
The finer details of this complicated swap mechanism, pitched forward by the Bola Tinubu administration, are being worked out by the various stakeholders...
Geopolitical risks challenge global shipping rules, warns industry body
The Consultative Shipping Group warns that wars, contested chokepoints and a growing shadow fleet are threatening the rules underpinning global trade...
Iran war rewires Gulf trade, and infrastructure becomes the new oil
With the Strait of Hormuz all but shut for six months, Gulf states are ploughing billions into pipelines, ports and rail...
IF Insights: Global bond rout deepens as war, debt and AI collide
Borrowing costs from Tokyo to London have hit highs not seen in decades. The pressure is now leaking into equities, housing and emerging markets...
Powered by oil boom, Nigerian economy expands at its fastest pace in five years
Real GDP grew 4.43% in the three months through June, accelerating from 3.89% in the Q1, according to the Nigeria's National Bureau of Statistics...
Iran war: Chinese airlines sink deeper into losses as jet fuel prices bite
Air China, China Eastern Airlines, and China Southern Airlines posted combined first-half net losses of about 8.2 billion yuan (USD 1.22 billion)...
UK energy price cap to rise 4% as government’s electricity VAT cut faces test
The increase, a 60-pound rise to 1,723 pounds (USD 2,348), will hit around 22 million British households on variable tariffs...