Latest news

China
May 30, 2025

Iron ore posted a weekly loss due to softer China demand and trade uncertainty

The price of iron ore futures fell on Friday, and the weekly loss was attributed to a softer demand in China for this steelmaking component. Traders are...

Switzerland
May 30, 2025

After a village is destroyed by ice, floods threaten the Swiss valley

The water trapped behind a glacial debris mass that buried and blocked a village in southern Switzerland this week has led to warnings of the need for...

South Asia
May 30, 2025

ASIA GOLD - Indian gold demand is lagging as prices increase, and wedding purchases are cooling

The physical gold demand in India this week was tepid, due to an increase in prices at home and the end of wedding season, which kept buyers...

United States
May 30, 2025

Base metals decline as dollar firms, US tariff optimism fades

The dollar strengthened on Friday, and the market's optimism faded after a court decision that reinstated some of the largest tariffs imposed in the United States by...

Netherlands
May 30, 2025

How Trump's Trade War is Upending the Global Economy

The tariffs imposed by Donald Trump since his inauguration on January 20, 2017 have sent shockwaves through financial markets, and uncertainty has spread throughout the global economy....

United Kingdom
May 30, 2025

The market is looking at another OPEC+ production hike as the oil price drops for a second consecutive week

The oil price was on course for a second weekly drop on Friday. This was due to expectations of a further OPEC+ production increase in July, and...

China
May 30, 2025

Iron ore to fall by a weekly loss due to softer China demand and trade uncertainty

The price of iron ore futures fell on Friday, and are set to lose money for the week due to a softer demand for this steelmaking ingredient....

United Kingdom
May 30, 2025

As the dollar strengthens, US tariff optimism wanes

The dollar strengthened on Friday, and the market's optimism waned after a court decision that reinstated some of the largest tariffs imposed in the United States by...

Oil & Gas
May 30, 2025

Valeura Concludes Eight-Well Drilling Campaign in Gulf of Thailand

Canada-based oil and gas company Valeura Energy has completed an eight-well drilling campaign in license B5/27 in Gulf of Thailand with Borr Drilling’s Mist jack-up drilling rig.At...

South Korea
May 29, 2025

After the latest court ruling, Trump tariffs are still in place and stocks fall. The dollar also falls.

Investors digested the fact that an appeals court upheld President Donald Trump's tariffs, just a day after markets had rallied following a ruling that blocked most of...

United Kingdom
May 29, 2025

Oil prices to drop by a weekly average with tariffs and legal battles in focus, OPEC+

The oil price is expected to drop more than 1% this Friday due to the U.S. tariff rulings and the potential OPEC+ production increase. Brent crude futures...

United States
May 29, 2025

CORRECTED OFFICIAL - Chevron to reduce 200 jobs in Texas

According to the Texas Workforce Commission, Chevron is laying off 200 workers in Texas. The U.S. oil company plans to reduce its global workforce to up to...

Africa
May 29, 2025

Barrick requests World Bank Court to intervene in Mali proceedings

Barrick Mining asked the World Bank arbitration tribunal to intervene in the legal proceedings in Mali as it faces the possibility that the Loulo-Gounkoto Mine could fall...

United States
May 29, 2025

IIR: Nigeria's Dangote Refinery will run at reduced rates until October.

The 650,000-barrel-per-day (bpd) Dangote oil refinery in Nigeria is expected to operate its gasoline-making unit at reduced rates through October after a string of issues in recent...

Africa
May 29, 2025

Attorney General: Three suspects arrested for raiding Libya's oil company

The Attorney General of Libya said that three suspects were detained after allegedly storming Tripoli's state oil company's headquarters. This comes a day before the rival government...

Brazil
May 29, 2025

Sources: Creditors of Brazil Braskem are skeptical about Tanure's bid

According to two sources familiar with the situation, the government of Brazil and the major banks that are Braskem's key creditors have so far been skeptical about...

United States
May 29, 2025

Sempra Port Arthur Phase 2 receives US approval for LNG export

The Department of Energy announced on Thursday that Sempra’s Port Arthur Phase 2 Project in Texas had won U.S. approval for exporting liquefied gas to Europe and...

China
May 29, 2025

Nikkei reports that China will resume seafood imports to Japan once the fears over Fukushima thaw.

The Nikkei reported Friday that China and Japan had agreed on procedures for resuming imports of Japanese fisheries products. This could be a sign that a trade...

England
May 29, 2025

Drought declared in northwest England despite sunniest spring ever

Britain announced on Thursday that the northwest part of England is now officially in a drought after the driest spring start in decades led to a decline...

United States
May 29, 2025

State Department overhaul will eliminate thousands of jobs and push for 'Western Values'

The Trump administration notified Congress on Thursday of its plans to overhaul the State Department. This will result in the elimination of thousands of jobs and the...

United States
May 29, 2025

Los Angeles rebuilding is complicated by rising seas

Los Angeles wildfire survivors debate rebuilding Climate change adaptation and rising sea levels are key issues City of Malibu does not plan a'managed retreat' Rachel Parsons Joan...

United States
May 29, 2025

As US court blocks Trump's tariffs, oil prices drop on concerns about demand in volatile session.

The oil prices dropped on Thursday after the director of the International Energy Agency warned about weaker Chinese demand. Market participants also awaited potential new U.S. sanction...

United States
May 29, 2025

US approves bigger nuclear reactor design for NuScale, document says

A document posted on the regulator's website on Thursday said that the U.S. Nuclear Regulatory Commission had approved NuScale Power’s design for a 77-megawatt reactor. This is...

United States
May 29, 2025

As markets struggle with US trade ruling, stocks rise and dollar gains are reduced

The U.S. Dollar weakened on Thursday after earlier gains were given up against major counterparts as markets digested a surprise ruling by a trade tribunal that blocked...

United States
May 29, 2025

Holcim CEO: Tariff uncertainty will not affect Holcim expansion in the US

Holcim, a Swiss supplier of building materials, will not be slowed down by tariff uncertainty. A Manhattan court ruled Wednesday that U.S. president Donald Trump exceeded his...

Ivory Coast
May 29, 2025

African Development Bank launches carbon credit support facility

Senior bank officials announced on Thursday that the African Development Bank would launch a carbon market support facility to help unlock financing for a region that is...

Austria
May 29, 2025

IAEA official: No signs of preparations for restarting Zaporizhzhia

A U.N. nuclear monitor said that there was no indication Russia was planning to restart Zaporizhzhia's nuclear power plant after Ukraine complained. Russia had been reported to...

South Asia
May 29, 2025

India's Bajaj Auto warns that magnet delays in China will affect EV production by July

Indian automaker Bajaj Auto warned on Thursday that further delays in the supply of rare-earth magnets from China may "seriously" impact electric vehicle production before July. China...

China
May 29, 2025

Copper gains after US Court puts brakes on Trump Tariffs

The market was buoyed by optimism on Thursday after a federal judge halted President Donald Trump’s plan to impose tariffs on most imports from the United States....

Japan
May 29, 2025

NextDecade: JERA signs 20-year LNG Supply Deal

NextDecade, a U.S. producer of liquefied gas, announced on Thursday that it had signed a deal for supplying Japan's largest power generator JERA 2 million tonnes of...

Syria
May 29, 2025

Syria signs $7 Billion Power Deal with Qatar's UCC Holdings-led consortium

UCC Holding said that Syria had signed a Memorandum of Understanding with a group of international companies, led by Qatari UCC Holding, to develop large power generation...

Poland
May 29, 2025

Poland reduces household gas prices and increases the chances of lower interest rate

The Polish energy regulator has reduced the gas prices charged by wholesaler PGNiG to households, hospitals and schools as well as vulnerable users such as schools and...

Singapore
May 29, 2025

Investors assess tariff roadblock as they halt the dollar and stock rally

The initial rally in the markets following the court ruling blocking President Donald Trump's "Liberation Day Tariffs" lost momentum on Thursday as the markets assessed the uncertain...

May 29, 2025

TenneT Begins Drilling Under Dunes for Laying Electricity Cables on Maasvlakte

In the coming years, grid operator TenneT will bring wind energy from the sea to land on the Maasvlakte. To enable the landing of these electricity cables,...

Mexico
May 28, 2025

US authorities arrest Mexican immigrant accused of threatening to shoot Trump

The U.S. Department of Homeland Security announced on Wednesday that U.S. Immigration authorities arrested an immigrant from Mexico who had allegedly threatened President Donald Trump with a...

Peru
May 28, 2025

Why the Peruvian farmer’s loss in court may have been a victory for climate justice

The ten-year court battle between an Peruvian farmer, and German energy giant RWE regarding the global emissions of RWE and their impact on his home town finally...

Brazil
May 28, 2025

Brazilian police arrest members from a gang that was created to spy and kill lawmakers, judges

The Federal Police of Brazil announced on Wednesday that it had arrested five suspects suspected of involvement in a group formed to assassinate and spy on high-ranking...

United States
May 28, 2025

Exxon shareholders face no stockholder proposals when Chevron rejects them.

Chevron shareholders rejected three shareholder proposals at the annual meeting of the U.S. Oil Producer on Wednesday. One proposal called for a human rights report, and the...

Nigeria
May 28, 2025

West Africa ECOWAS at 50: Jihadist violence, coups and more

The Economic Community of West African States faces growing threats from terrorism, climate changes, military coups and poverty, said its most senior official on Wednesday, as leaders...

Brazil
May 28, 2025

BTG sells Eletronuclear stake to Brazil utility Eletrobras

Three sources familiar with this deal said that Brazilian electric company Eletrobras tapped investment firm BTG Pactual for advice on the sale its remaining stake in the...

India
May 28, 2025

Cummins India's quarterly profit drops as rising costs offset the price increases

Cummins India announced a lower profit for the fourth quarter on Wednesday as rising costs offset price increases it made to some of its generators. The company...

Switzerland
May 28, 2025

After a glacier collapse, a Swiss village is evacuated after being hit by a torrent of ice and rock.

Authorities said that a huge chunk of a Swiss glacier broke off Wednesday afternoon, causing a torrent of ice and rocks to hit a mountain village that...

United States
May 28, 2025

Palestinian sources claim that Israeli forces have killed a third Palestinian in West Bank within 24 hours.

Israeli forces killed a Palestinian on Wednesday in the West Bank, according to the local health minister. This is the third Palestinian reported dead by Israeli forces...

Africa
May 28, 2025

Sources say that OPEC+ may decide to raise July prices this week after discussing 2027 baselines.

OPEC+ will discuss a mechanism to set baselines for production in 2027 at a Wednesday meeting, delegates reported. Separate talks scheduled for Saturday may agree on a...

United States
May 28, 2025

Trade chief: EU and US to discuss steel, chips, planes cooperation

Maros Séfcovic, European Commissioner for Trade, said that the European Commission and the United States are discussing possible cooperation in such sectors as aerospace, semiconductors, critical minerals,...

China
May 28, 2025

BMW, Mercedes, VW seek tariff relief in return for US investment, Handelsblatt reports

The Handelsblatt reported that German automakers BMW, Mercedes-Benz, and Volkswagen were in discussions with the U.S. Department of Commerce about a tariff agreement which would include a...

Brazil
May 28, 2025

Shares of Brazilian steel companies fall after the government renews tariff system

The stocks of Brazilian steel companies dropped on Wednesday, after the government announced that it would extend for another 12 months the system designed to protect the...

Moldova
May 28, 2025

Sources say that Putin's peace demands include a stop to NATO expansion.

According to three Russian sources familiar with the negotiations, President Vladimir Putin has set conditions to end the war in Ukraine. These include that Western leaders commit...

United Kingdom
May 28, 2025

Gold prices rise on bargain-hunting ahead of Fed minutes

The gold price rose on Wednesday, as traders looked for bargains after the previous session's losses. Meanwhile, the market is still focused on the minutes of the...

Germany
May 28, 2025

Grossi: Any US-Iran agreement should include a 'robust IAEA inspection'

Rafael Grossi, the chief of the International Atomic Energy Agency (IAEA), said that any deal between Iran and America which would impose new nuclear restrictions on Iran...