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…
Amazon is sending a clear signal that its driver-less ambitions are no longer an R&D side hustle. The company has opened a 220,000-square-foot factory in Hayward, California, to build Zoox robotaxis at scale, laying the groundwork for a nationwide ride-hailing network and a head-to-head fight with Alphabet’s Waymo. An Ambitious Bet On Purpose-Built Cabs Amazon bought Bay-Area startup Zoox for…
As the gangway lowers at the Port of Hong Kong, the crew swiftly secures the massive ONE Modern vessel. Dwarfed by the towering pink container ship, workers in orange jumpsuits begin the intricate process of unloading and reloading more than 700 containers in under 10 hours. This scene plays out daily as companies worldwide race to navigate the latest chapter…
Kananaskis, Alberta, has traded hikers for heads of state as the Group of Seven rolls into the Canadian Rockies. Roadblocks, drones and Mounties ring the mountain resort while host Prime Minister Mark Carney welcomes U.S. President Donald Trump, Britain’s Keir Starmer, Germany’s Friedrich Merz, Japan’s Fumio Kishida, France’s Emmanuel Macron and Italy’s Giorgia Meloni. What would normally be a photo-op…
Markets react sharply to escalating Middle East conflict, with fears of wider disruption in global energy supplies. Oil prices surged on Friday in one of the biggest intraday jumps in years, as investors reacted to Israel’s military strike on Iran, raising concerns over a potential regional war and major energy supply disruptions. Brent crude, the global oil benchmark, climbed nearly…
China’s dominance over critical minerals, from rare earth elements to tungsten and gallium, has become a pivotal bargaining chip in its trade dealings with the United States and other major economies. State support dating back to Deng Xiaoping’s 1992 declaration that “the Middle East has oil, China has rare earths” laid the groundwork for an industrial base that now processes…
A Temporary Agreement After months of rising economic tensions, the United States and China have announced a new trade agreement — again. Following the breakdown of prior negotiations, representatives from both nations met in London with the aim of reaffirming commitments made during the May Geneva summit. On Tuesday night, both Chinese and American officials confirmed that a framework had…
