Global Economy

China has been the biggest buyer ​of Iranian oil in recent years after customers in ‌South ⁠Korea, Japan, India and Europe ceased purchases as sanctions tightened following U.S. President Donald Trump's departure from Iran's nuclear accord ​in 2018.

Gasoline and diesel supplies have been strained in recent weeks due to escalating Ukrainian raids on Russian energy infrastructure, resulting in restrictions across most areas.

India is in talks with the US for access to Anthropic's Project Glasswing to stress-test critical digital infrastructure, but MeitY Secretary S Krishnan says 60-70% of testing can begin with existing AI models.

Although Tesla does not provide precise delivery figures by location or model, the firm reported that 467,762 of its most popular Model Y SUVs and entry-level Model 3 cars were delivered.

Robust June sales strengthen Tesla's comeback in key global markets

Nonfarm payrolls increased 57,000 last month after downward revisions to the prior two months, according to Bureau of Labor Statistics data out Thursday.

Bull markets reward optimism, but long-term investing demands discipline and risk awareness.

The figures support the view that the labor market has strengthened after several months of uneven hiring, as job openings have risen and layoffs remain low.

Rising US inflation, steady economic growth and signals from Federal Reserve policymakers that rate hikes could return have boosted demand for the dollar.

Abu Dhabi National Oil Co.'s crude-marketing team has spoken with refiners and traders about the changes.

At the start of the year, Goldman Sachs Group Inc. was predicting a 20% rally for the MSCI China, which had just posted its best advance since 2017.

However, it outlined that other firings done by the republican president will be upheld.

China's Ministry of Commerce added 20 Japanese entities to its export control list over concerns about Japan's military expansion and nuclear ambitions.

BIS flags rising debt, inflation pressures and AI-driven market risks as key threats to global financial stability.

Foreign Minister Abbas Araghchi says Tehran will manage the strategic waterway until obstacles are removed and normal operations resume

The company's works council and IG Metall union vowed to strongly oppose any attempt to close plants or implement deeper job cuts.

Iraq isn't considering leaving OPEC, the nation's oil ministry said.

Although many commentators remain optimistic about South Korea's economic trajectory, critics argue that the country's growth has become dependent on a handful of sectors.

Nationalism may drive demand for locally produced goods even when cheaper imported alternatives exist. Similarly, consumers often pay extra for organic, cruelty-free, responsibly sourced or environmentally friendly products.

The Strait of Hormuz, located between Oman and Iran, is a key global maritime chokepoint through which a significant share of the world's oil, refined petroleum products and liquefied natural gas shipments pass.