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Iranian tankers exit US blockade zone ahead of peace talks
The first tankers carrying Iranian oil exited a US blockade in the Strait of Hormuz, a tracking website said on Wednesday, two days before Washington and Tehran launch talks on an agreed peace deal still scant on details -- including Iran's nuclear programme and the lifting of sanctions.
US Fed set to hold rates steady at Warsh's first meeting in charge
The US Federal Reserve is expected to hold interest rates steady on Wednesday at Kevin Warsh's first meeting in charge of the central bank, with rate hikes potentially on the horizon to combat surging inflation.
After three sessions, SpaceX already among world's most valuable companies
SpaceX shares surged again Tuesday, lifting Elon Musk's rocket company into the world's top five in market value for most of the session as a record-breaking IPO gives way to a torrid buying frenzy.
Surging SpaceX overtakes Amazon to become 5th biggest company
SpaceX shares surged again Tuesday, lifting Elon Musk's rocket company above Amazon into fifth place in market value as a record-breaking IPO gives way to a torrid buying frenzy.
BMW downgrades 2026 targets on Mideast war, China woes
German carmaker BMW downgraded its 2026 targets Tuesday due to turmoil from the Middle East war and worsening business in key market China, and vowed to step up cost-cutting efforts.
Campaigners urge G7 chiefs to protect children from AI risks
Many governments have begun cracking down on young people's access to social media, but campaigners have appealed to G7 leaders meeting in France to move quickly on regulating generative artificial intelligence too.
Paris store to part ways with Shein after ownership change
French department store BHV Marais will end its partnership with Shein after its operating company said Tuesday it was selling the Paris outlet, following criticism of its deal with the Asian e-commerce giant.
US Federal Reserve kicks off first meeting with Warsh as chair
US Federal Reserve Chairman Kevin Warsh kicked off his first meeting in charge of the central bank's rate-setting committee on Tuesday, with policymakers largely expected to keep rates steady as the fallout of the Iran war ripples through the world's largest economy.
Oil drops below $80 on US-Iran deal
Oil prices dropped below $80 a barrel Tuesday on optimism over the promised reopening of the Strait of Hormuz, easing inflation pressures on global economies even though traders are eyeing the risk of Iranian "service fees" on ships transiting the strait.
How can France-UK mission help reopen Strait of Hormuz?
A military mission set up by France and Britain to help re-open the Strait of Hormuz is ready to deploy, following the announcement of a US-Iran deal to end the Middle East war.
EU to ban plant-based 'steaks' but veggie 'burgers' sizzle on
The EU parliament Tuesday passed a ban on marketing plant-based foods as "steak" or "bacon" -- though veggie "burgers" will get to stay on European menus.
Russian oil producer rations fuel as Ukraine attacks bite
Russian oil producer Tatneft has introduced fuel rationing at hundreds of petrol stations across the country, AFP learnt on Tuesday, as increased Ukrainian attacks hit Russia's refining capacity.
EU clears major hurdle on US tariff deal
The European Parliament gave a final sign off on Tuesday to a tariff deal with the United States as the EU seeks to close a volatile chapter of transatlantic trade relations.
Mideast war peace deal boosts German investor morale
German investor confidence jumped sharply in June, a key survey showed Tuesday, as the outlook improves for Europe's biggest economy following the announcement of a US-Iran peace deal.
Iran says talks on final US deal to begin this week
Iran said Tuesday that talks with the United States on its nuclear programme and sanctions relief would likely begin later this week, as President Donald Trump said the Strait of Hormuz would "completely open" once the foes sign their deal.
Stocks extend rally, oil falls further as peace optimism builds
Equities extended their rally and oil prices fell further on Tuesday, fuelled by the US-Iran peace deal and as tech firms tracked another blockbuster performance by SpaceX.
Bank of Japan hikes interest rate to 31-year high
The Bank of Japan hiked interest rates to a 31-year high on Tuesday as it battles inflation caused by the Middle East war -- even after Washington and Tehran agreed a peace deal.
Stocks extend rally, oil flat as peace optimism builds
Tokyo topped 70,000 and Seoul piled on more than two percent as equities extended their rally on Tuesday fuelled by the US-Iran peace deal and as tech firms tracked another blockbuster performance by SpaceX.
Deadline looms for UniCredit's hostile bid for Commerzbank
Tuesday marks the final day for UniCredit's hostile and highly political takeover offer for Commerzbank, as Italy's second-largest bank has its sights on an ambitious pan-European banking merger.
Bank of Japan hikes rate to 31-year high
The Bank of Japan hiked interest rates to a 31-year high Tuesday as it battles inflation caused by the Middle East war, even after Washington and Tehran agreed a peace deal.
India eyes biofertilisers after Mideast war stoked supply fears
Under a shed in north India, women scoop cow dung, lumps of unrefined sugar and flour to produce biofertiliser -- part of a growing effort to tackle anxieties over the supply of chemical fertilisers.
Most stocks rise, oil flat following peace deal-fuelled rally
Equities mostly rose Tuesday and oil prices held losses following the previous day's euphoric rally sparked by the US-Iran peace deal that will reopen the crucial Strait of Hormuz.
Toxic 'time bomb' threatens Mekong river basin
Thai fisherman Somdet Singthong steered his metal skiff across the brown waters of the Mekong river, resigned to the pollution that has put his health and lifelong source of livelihood at risk.
EU nears finish line on US tariff deal
The European Parliament is set on Tuesday to give a final sign off to implement a tariff deal with the United States as it seeks to close a volatile chapter of transatlantic trade relations.
Social networks, online video outweigh traditional media in 2026
News consumers around the world are now turning more to social media and video platforms than traditional outlets for information, a respected report said Tuesday, warning that old-style business models are under threat.
Trump says Hormuz to reopen Friday under US-Iran deal
US President Donald Trump said Monday that ships were again moving through the Strait of Hormuz and the vital oil route would be "completely open" by Friday, after Washington and Tehran announced a deal to end the Middle East war.
Trump says Hormuz to 'completely open' after US-Iran peace deal
US President Donald Trump said on Monday the Strait of Hormuz would be fully open later in the week, after Washington and Tehran announced a deal to end the Middle East war.
Trump says Hormuz to 'completely open' Friday after US-Iran peace deal
US President Donald Trump said on Monday the Strait of Hormuz would be fully open later in the week, after Washington and Tehran announced a deal to end the Middle East war.
Timeline of Trump-linked resort project in Albania
Protests have swept Albania for more than two weeks over plans for a luxury hotel project linked to US President Donald Trump's son-in-law Jared Kushner.
IMF chief warns energy recovery to take time after US-Iran ceasefire
The International Monetary Fund chief on Monday welcomed the ceasefire agreement between the United States and Iran, but warned it would take time for energy and other supply disruptions to dissipate.
Launch 3 Telecom Secures New Lakeland Facility
Launch 3 Telecom (“Launch 3”) today announced it has secured a new facility in Lakeland, Florida, significantly expanding its capacity to support customers with advanced logistics and distribution services.
'Start your engines'? Shipping groups wary on Hormuz reopening
Shipping groups warned Monday that it was too soon to start sailing through the Strait of Hormuz following US and Iranian promises that the trade route would reopen under their agreement to end the war.