Finance
US and Iran Trade Fire in Strait of Hormuz as Gas Prices Climb
The United States and Iran traded heavy fire on Thursday. This clash tested a fragile ceasefire that started exactly 1 month ago on April 7.
US Trade Court Blocks President Trump’s 10 Percent Global Tariffs
On Thursday, a U.S. trade court dealt a major blow to President Donald Trump’s economic agenda. A three-judge panel struck down his administration’s 10 percent
Bitcoin Price Drops Below $80,000 Amid Geopolitical Tensions and Corporate Sales
Bitcoin stumbled on Thursday afternoon. The digital asset pulled back from a peak it had not seen in over 3 months. The price fell directly
US and Iran Review 14-Point Plan to End Gulf War
Iranian leaders are currently reviewing new messages from the United States. Pakistani mediators delivered these diplomatic notes to Tehran earlier this week. Esmaeil Baqaei serves
US Justice Department Warns Companies to Stop Faking AI Excuses for Mergers
The United States Department of Justice sent a clear message to corporate executives on Thursday. Stop using artificial intelligence as a fake excuse to push
Saudi Arabia and Kuwait Lift Restrictions on US Military, Paving Way for Project Freedom
Saudi Arabia and Kuwait have officially reopened their military bases and airspace to United States forces. This crucial decision removes a massive roadblock for the
Chinese Oil Tanker Hit Near the Strait of Hormuz
A Chinese-owned oil tanker was attacked near the Strait of Hormuz on Monday. A person familiar with the situation told the Chinese media outlet Caixin
Europe Must Build Homegrown Energy to Survive New Oil Shocks.
European Union Climate Commissioner Wopke Hoekstra has a blunt message for the continent. He says Europe must urgently build its own energy supplies to escape
Asian Chipmakers Ride Historic Artificial Intelligence Stock Market Boom
Just when experts thought the artificial intelligence stock market rally might slow down, a massive wave of fresh cash flooded into Asian technology companies. This
Chinese Wind Power Hub Drives Global Green Energy Boom
Strong sea winds hit the metal gates of Guangdong Longma Casting at the southern edge of Yangjiang. Inside this busy factory in southern China, workers
Global Dealers Visit China to Witness Smart Manufacturing Growth
Just before the start of the May Day holiday, more than 4,000 car dealers from around the world packed their bags and traveled to Wuhu.
Gold Prices Hold Steady as Investors Wait for United States and Iran Peace Deal
Gold prices held steady early Thursday morning as global investors paused trading to await further news. Traders want clear details on a possible peace agreement
Millions of Tons of Japanese Rice Sit Unsold as Prices Skyrocket
Rice is the cornerstone of the daily Japanese diet. However, right now, millions of tons of this staple food sit completely unsold inside dark storage
UAE Eastern Ports Become Vital Trade Hubs Amid Hormuz Blockade
Conveyor belts offload grain from bulk carriers at the United Arab Emirates port of Fujairah. Nearby, crude oil pumps through giant pipes into waiting tankers.
French Warship Sails Toward Strait of Hormuz to Secure Global Shipping
France sent its flagship aircraft carrier, the Charles de Gaulle, through the Suez Canal on Wednesday. The massive warship now sails into the Red Sea.
US and Iran Near Peace Agreement to End Gulf War
Iran announced on Wednesday that its leaders are reviewing a fresh proposal from the United States to end the ongoing war in the Gulf. Negotiators
US Stock Market Reaches Record Highs as Tech Companies Surge
US stock futures pushed higher on Wednesday morning. Investors kept the momentum going after major indexes hit new record highs the day before. Contracts tied
China Demands the UK Lift New Sanctions on Two Drone Component Suppliers
The Chinese Embassy in the United Kingdom lashed out at the British government this week. British officials placed strict economic sanctions on 2 Chinese companies.
Chinese and Iranian Foreign Ministers Meet in Beijing to Discuss Peace
Chinese Foreign Minister Wang Yi welcomed Iranian Foreign Minister Seyed Abbas Araghchi to Beijing on Wednesday morning. The two top diplomats shook hands warmly before
South Korea Faces Tough Choice on Joining American Naval Mission
A recent ship explosion in the Middle East puts South Korea in a very difficult position. United States President Donald Trump publicly asked Seoul to
United States Pauses Naval Escorts in Gulf After Progress on Peace Deal
United States President Donald Trump announced a sudden pause in military naval escorts through the Strait of Hormuz on Tuesday. He cited great progress toward
Japanese Hair Salons Face Record Bankruptcies as Operating Costs Explode
Hair salons in Japan face a massive crisis today. More hair stylists are closing their doors than ever before. In 2025, exactly 235 hair salons
Asian Development Bank Unveils 65 Billion Euro Plan for Power and Internet
The Asian Development Bank just announced a massive new investment strategy. During its 59th Annual Meeting in Samarkand, Uzbekistan, the Bank outlined a plan to
US Trade Deficit Grows as Tech Companies Spend Billions on AI Imports
The United States trade deficit grew wider in March. A massive artificial intelligence investment boom caused companies to pull in huge amounts of foreign computer