Why closing the Strait of Hormuz is a double-edged sword for Iran?
The Strait of Hormuz, through which around a fifth of the global oil supply is transported every day, remains at the centre of attention on Monday. Oil and LNG markets face…
Economy
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Tesla’s $4.20 robotaxi ride revives AI bull case, but analysts warn of long road ahead
Tesla Inc. made a modest but pivotal move in its bid to dominate the autonomous vehicle industry by launching its robotaxi service in Austin, Texas on Sunday. The pilot program,…
GMS stock jumps 29% on takeover interest from Home Depot, QXO, analysts raise PTs
Shares of GMS Inc. soared on Friday as the building-products distributor became the centre of a potential bidding war between two heavyweights in the construction supply industry: Home Depot and…
Japan’s rice price surge: what’s driving it and why it could spark a political crisis
Japan’s rice prices are facing their most severe shock in more than half a century, with costs more than doubling over the past year. The crisis is exposing structural flaws…
BofA raises STOXX 600 target amid resilient global growth, warns on Mideast risks
Bank of America Global Research boosted its year-end projection for the STOXX 600 index to 530 from 500 on Friday, citing sustained resilience in global GDP following a recent truce…
Palantir co-founder: US must prevent Iranian nukes
Palantir co-founder and renowned defense investor Joe Lonsdale weighed in on escalating tensions between Israel and Iran in a CNBC interview on Friday.According to Lonsdale, Tehran’s pursuit of nuclear weapons…
Fed governor Waller advocates for July rate cut amid tariff, labor market outlook
On Friday, Federal Reserve Governor Christopher Waller indicated that he anticipates tariffs will not substantially increase inflation. Therefore, he believes policymakers should consider reducing interest rates as soon as next…
Why IMF sees stagnation risk for Europe
The International Monetary Fund warns that Europe is slipping into stagnation without massive efforts to change the tide. The rising geopolitical risks, slow growth and weak investments are the main risks…
Brazil’s Central Bank pushes Selic rate to 15%, highest since 2006
Brazil’s Central Bank hiked its benchmark interest rate, the Selic, to 15%, the highest since 2006, suggesting a firm stance against ongoing inflationary pressures. The decision, made following the most…
Canada’s housing affordability: new report lowers expectations
A recent government report from the Canada Mortgage & Housing Corp. (CMHC) indicates that even a doubling of homebuilding activity in Canada would only restore housing affordability to levels seen…