Latest news

United States
Mar 5, 2025

Trump's trade tariffs and threats

Since returning to office in January, Donald Trump has issued numerous tariff threats. These range from a duty on all imports to a targeted tariff on certain...

Canada
Mar 5, 2025

Canada's Parkland begins strategic review of the company to examine sale

Canadian fuel refiner Parkland Corp announced on Wednesday that it has launched a strategic evaluation which could lead to the sale of its company. Calgary-based Parkland stated...

United States
Mar 5, 2025

Los Angeles County and Pasadena sue Southern California Edison for wildfires

On Wednesday, the County of Los Angeles, City of Pasadena and other public entities filed lawsuits against Edison International, its subsidiary Southern California Edison and others, alleging...

United States
Mar 5, 2025

Euro up as stocks rise after Trump delays some auto tariffs

The stock indexes soared sharply after the White House announced that President Donald Trump would exempt automakers for one month from his 25% tariffs against Canada and...

United States
Mar 5, 2025

Senate to scrutinize top EPA nominees over plans to undo climate findings

On Wednesday, two Trump nominees for the U.S. Environmental Protection Agency to lead its deregulatory effort faced questions from senators about the agency's plan to eliminate the...

South Korea
Mar 5, 2025

Euro up as stocks rise after Trump delays some auto tariffs

The stock market rose sharply Wednesday, after U.S. president Donald Trump agreed that tariffs on certain vehicles made in North America would be delayed for one month....

Canada
Mar 5, 2025

Mali suspends foreigners' permits to mine artisanal munitions after accidents

After a series of recent accidents that left dozens of people dead, Mali has suspended the granting of permits for artisanal mining to foreigners. In the gold-rich...

United States
Mar 5, 2025

Los Angeles County and Pasadena sue Southern California Edison for wildfires

On Wednesday, the County of Los Angeles, City of Pasadena and other public entities filed lawsuits against Edison International, its subsidiary Southern California Edison and others, alleging...

Switzerland
Mar 5, 2025

Investors see the beginning of a tectonic move away from US markets

The global money flows are being upended by a historic trade war, the proposed European fiscal bazooka of $1.2 trillion and China's rise as the leader in...

United States
Mar 5, 2025

Due to US tariffs, Canadian brewers buy local grain and Chinese cans

P hil smith, like many Canadians, is buying more Canadian grain as well as Chinese cans in response to the U.S. Tariffs placed on his country. He...

Germany
Mar 5, 2025

German businesses support the spending but demand regulatory reforms

Germany's business lobby groups praised plans to ease fiscal rules on defence spending and create a 500-billion-euro infrastructure fund ($535-billion) but stated that regulatory reforms are still...

Singapore
Mar 5, 2025

US stocks almost flat amid trade tensions; euro hits 4-year high

The U.S. stock market was little changed on Wednesday, as the trade war between America and its trading partners intensified investor anxiety. Meanwhile, the euro reached its...

Brazil
Mar 5, 2025

Brazil's leadership is based on its commitment to climate multilateralism, says COP30 President

Brazil will use its annual presidency of the United Nations global climate talks in order to push for multilateralism, and to respect science. COP30 President Designate Andre...

United Kingdom
Mar 5, 2025

UK stocks stabilize after sell-off; eyes on US tariff movements

Investors were looking for any reprieve in U.S. Tariffs. The blue-chip FTSE 100 closed level, while the domestically focused FTSE 250 climbed by 0.9% following its worst...

United States
Mar 5, 2025

Sylvester Turner, a Democratic congressman from Texas, died at the age of 70

Former Houston mayor Sylvester Turner died on Tuesday. He was sworn in as a Democratic U.S. Rep. by President Donald Trump. Turner's death, at 70 years old,...

United States
Mar 5, 2025

EIA: US crude stocks rise as fuel is drawn down due to refinery maintenance.

Data from the Energy Information Administration on Wednesday showed that U.S. crude stockpiles increased more than expected, whereas gasoline and distillate inventory fell, as product exports grew...

United States
Mar 5, 2025

US approves LNG export extension for Golden Pass

The U.S. Department of Energy announced on Wednesday that it had approved a permit extension for exports of natural gas liquefied from the Golden Pass LNG LLC,...

United States
Mar 5, 2025

Commerce chief: Trump will consider tariff relief for sectors that comply with the trade agreement

The U.S. Commerce Department head said that President Donald Trump may consider protecting certain sectors, such as automakers, from U.S. Tariffs. His administration will announce tariffs on...

South Asia
Mar 5, 2025

Sources: RPT-US has withdrawn from its plan to assist major polluters in moving away from coal.

Sources in several key countries participating said that the United States was withdrawing from Just Energy Transition Partnership. This is a collaboration among richer nations to assist...

United States
Mar 5, 2025

US Supreme Court to hear Texas nuclear waste storage case

On Wednesday, the U.S. Supreme Court heard arguments about whether the Nuclear Regulatory Commission is authorized to issue licenses for nuclear waste storage. The states of Texas...

United States
Mar 5, 2025

Volvo Cars could move some production from the US to avoid Trump tariffs

Volvo Cars could move some production to the U.S. if tariffs increase, but the CEO of the company said that the firm will stick to its plan...

Canada
Mar 5, 2025

Trump's tariffs push US aluminium market premiums to record levels

The price premiums for aluminum on the US physical market have reached a new record due to the threat of tariffs being imposed on imports. Aluminium is...

United States
Mar 5, 2025

S&P Global reports that Indian steel prices could fall due to the U.S. Tariffs changing the alloy trade.

S&P Global stated in a report that Indian steel mills will likely see a steep drop in prices as U.S. tariffs on imports take effect. This could...

Germany
Mar 5, 2025

REFILE: What Germany's planned spending spree might mean for the economy

A massive increase in German spending is expected under an agreement reached by parties seeking to form the next government. The agreement calls for a 500-billion euro...

Chile
Mar 5, 2025

SQM, a Chilean lithium company, reports a 41% profit drop due to lower lithium prices

SQM in Chile, the second largest lithium producer in the world, reported on Wednesday a 40.9% drop in its fourth-quarter profit, as increased sales volumes were unable...

Germany
Mar 5, 2025

German businesses support the spending but demand regulatory reforms

Germany's business lobby groups on Wednesday welcomed plans to relax fiscal regulations for defence spending, and introduced a 500-billion-euro infrastructure fund ($535 billion). However, they said that...

Indonesia
Mar 5, 2025

Sources: US withdrawing from plan for major polluters to move away from coal

Sources in several key countries participating said that the United States was withdrawing from Just Energy Transition Partnership. This is a collaboration among richer nations aimed at...

Iran
Mar 5, 2025

OPEC's February oil production rises as Iran continues to export its oil

A survey revealed that OPEC's oil production rose in February. This was due to the fact that Iranian exports remained strong despite new U.S. efforts to curtail...

United States
Mar 5, 2025

Precious-Gold drops slightly amid tariffs uncertainties, with focus on upcoming US Data

The gold price fell slightly on Wednesday, amid uncertainty about the tariffs announced this week by U.S. president Donald Trump. Also, the Federal Reserve will be focusing...

France
Mar 5, 2025

EU states it will stick to its zero-emission vehicle path until 2035

The European Commission announced on Wednesday that it will stick to the 2035 goal of all new cars, vans and trucks sold in Europe emitting no carbon...

India
Mar 5, 2025

US pulls out of plan to assist major polluters in moving away from coal

Several sources in the key participating countries have confirmed that the United States has withdrawn from Just Energy Transition Partner (JETP), a collaborative effort between richer countries...

Germany
Mar 5, 2025

How a shift to defence can help Germany's economic growth

German defence companies are looking for more capacity, as Europe prepares to increase military spending. They are also eyeing the struggling car industry. This is the first...

United States
Mar 5, 2025

India's small importers are seeking to reduce import duties in response to US tariffs on steel and aluminium

The head of a trade body in India said that India's small engineers goods exporters urged the government on Monday to reduce import tariffs for some U.S....

Switzerland
Mar 5, 2025

Trafigura announces Hallouche's departure as Puma Energy CEO

Mark Russell will replace Hadi Hallouche as the chief executive officer of Trafigura's downstream energy company Puma Energy. Trafigura, a Swiss company, said that Hallouche would work...

Norway
Mar 5, 2025

Statkraft, Norway's largest steel producer, reports a drop in profits and says that politics may have an impact on costs

Statkraft, a Norwegian company, reported a 56% decline in its fourth-quarter operating profit despite soaring power prices. Statkraft also warned that trade wars may increase the cost...

United Kingdom
Mar 5, 2025

Bloomberg News reports that Saudi Aramco is considering a bid for BP Castrol.

Bloomberg News reported Wednesday that Saudi Aramco was evaluating a possible offer for the Castrol lubricants division of oil giant BP. The report was based on people...

United Kingdom
Mar 5, 2025

US copper prices surge on concerns over tariffs, and premiums against LME benchmark widen

U.S. Copper prices rose on Wednesday, as concerns about U.S. tariffs increased. Meanwhile, China's new stimulus measures, Germany’s plans for infrastructure funds, and a lower dollar supported...

Africa
Mar 5, 2025

South Sudan's vice president's spokesperson says that the oil minister, as well as several military officials have been detained.

A spokesperson for the vice president said that South Sudanese troops had arrested the Petroleum Minister and senior military officials allied to First Vice President Riek Makar....

Scandinavia
Mar 5, 2025

Areim, a Swedish company, has secured $481 million to build sustainable data centres

According to a statement made on Wednesday by Areim, a Swedish fund manager, 450 million euro ($481million) has been secured to support the creation and design of...

United States
Mar 5, 2025

The US Supreme Court will consider nuclear waste storage disputes

On Wednesday, the U.S. Supreme Court will decide whether the Nuclear Regulatory Commission is authorized to issue licenses for nuclear waste storage sites. Texas and New Mexico...

United States
Mar 5, 2025

Senate to scrutinize top EPA nominees over plans to undo climate findings

On Wednesday, two Trump nominees for the U.S. Environmental Protection Agency to lead its deregulatory effort are expected to be questioned by the Senate about the agency’s...

Natural Gas
Mar 5, 2025

EU proposes keeping gas storage filling goals until 2027

The European Commission on Wednesday proposed that EU gas storage targets and requirements be maintained for another two years despite concerns from some countries about the goal's...

Oil & Gas
Mar 5, 2025

EU Commission delays announcement of plan to phase-out Russian energy imports

A schedule released on Wednesday showed that the European Commission had, for a third time, postponed its announcement about its plan to reduce the region's dependence on...

South Asia
Mar 5, 2025

VEGOILS - Palm tracks Chicago soyoil; inventory data is awaited

Malaysian palm futures rose Wednesday, ending two sessions of losses. The market was awaiting the Malaysian Palm Oil Board (MPOB)'s data. The benchmark contract for palm oil...

Iran
Mar 5, 2025

The Kremlin has said that Iran's nuclear program will be the subject of future Russia and US talks

The Kremlin announced on Wednesday that future discussions between Russia and the United States will include discussions on Iran’s nuclear program, a topic it claimed had been...

Iran
Mar 5, 2025

The Kremlin has said that Iran's nuclear program will be the subject of future Russia and US talks

The Kremlin announced on Wednesday that future discussions between Russia and the United States will include discussions on Iran’s nuclear program, a topic it claimed had been...

Germany
Mar 5, 2025

How a shift to defence can help Germany's economic growth

German defence companies are looking for more capacity, as Europe prepares to increase military spending. They are now eyeing the struggling car industry. This is the first...

Mineral Resources
Mar 5, 2025

Russia's Polyus reports record EBITDA due to high gold prices

Polyus, Russia's largest gold-producing company, reported Wednesday record production and core earnings in 2024 due to the high gold price despite Western sanctions against Russia and Polyus....

China
Mar 5, 2025

Trade tensions between the US and China fuel a decline in iron ore

Iron ore futures fell on Wednesday as a result of tit-fortat tariffs between China and the United States, which outweighed optimism over an improved demand for Chinese...

Africa
Mar 5, 2025

South Sudan Vice President's Spokesman: arresting deputy head of military could risk peace deal

South Sudanese Forces have arrested a senior official allied to First Vice President Riek Machar and deployed troops near Machar's home, putting at risk a 2018 deal...