Governments and traders spent Monday assessing the energy fallout from the expanding war involving Iran, as disruption around the Strait of Hormuz renewed fears over one of the world’s most important oil corridors. Since the conflict began on Feb. 28, tanker traffic through the strait has largely stalled, raising concern that a prolonged interruption could restrict supply well beyond the…
On July 3, 2025, after intense overnight negotiations, the U.S. House of Representatives narrowly passed President Trump’s sweeping tax-and-spending package, dubbed the One Big Beautiful Bill, by a vote of 218–214. This nearly 900‑page legislation had previously cleared the Senate in a 51–50 tie, with Vice President J.D. Vance casting the deciding vote. The passage fulfills Trump’s self-imposed deadline ahead…
With low adoption rates, the Kingdom ramps up infrastructure and manufacturing to meet 2030 targets. Slow Start, Fast Growth Electric vehicles currently make up just over 1% of new car sales in Saudi Arabia, far below the global average of 18% recorded in 2023. But that figure may soon change as the Kingdom intensifies efforts to become a hub for…
Tesla reported a sharp decline in electric vehicle deliveries for the second quarter of 2025, selling 384,122 units, down from 443,956 during the same period last year, a 13.5% drop. This slump, the steepest year-over-year decline by volume in the company’s history, reflects a growing consumer backlash tied to Elon Musk’s outspoken political views and recent alignment with former President…
President warns of new tariffs as tensions escalate between key trading partners. President Donald Trump announced Friday that the United States is officially ending trade negotiations with Canada, citing Ottawa’s decision to implement a digital services tax (DST) as the catalyst. In a post on Truth Social, Trump called the tax “a direct and blatant attack on our Country” and…
Young Buyers Adapt to Challenges With Savings, Flexibility and Early Planning Despite soaring home prices, high interest rates and limited inventory, Generation Z is making inroads into the U.S. housing market. Once viewed as a generation priced out of homeownership, Gen Z is now emerging as a growing force in real estate — one that’s leveraging early savings, family support…
Deal Breakdowns Surge in Tight Housing Market A growing number of homebuyers across the United States are backing out of deals before closing. In May 2025, 14.6% of pending sales agreements were canceled, according to Redfin—marking the highest cancellation rate for that month since 2017. While this figure represents a slight uptick from 14.0% a year earlier, it reflects mounting…
