Canada announces counter-tariffs in response to US 50% duties on Canadian goods, escalating cross-border trade tensions. Canada introduced retaliatory tariffs after the US imposed 50% duties on Canadian products over the weekend. The move marks a sharp escalation in trade
Mediation efforts ease geopolitical tensions, pushing oil prices lower despite US sanctions tightening on Iran’s crude exports. Brent crude fell to $89 as hopes for Iranian negotiation progress offset US sanctions pressure. The Trump administration’s ‘Economic D-Day’ sanct
Ethics filing reveals over 1,000 trades in June, with oil and gas holdings yielding millions in profits for the president. President Trump executed over 1,000 equity trades in June, totaling between $78 million and $263 million, according to an ethics disclosure. The filin
The deal aims to resume safe navigation and clear mines, easing oil market tensions amid recent geopolitical conflicts. Iran and Oman have agreed to establish a temporary joint shipping lane in the Strait of Hormuz, alongside a project to clear mines from the waterway. The
Removal of mines from the critical oil shipping route reduces geopolitical risk premium in crude markets. US President Donald Trump announced the US Navy has cleared all mines from the Strait of Hormuz, a key chokepoint for global oil shipments. The move eliminates a major
Dev Ashish at Societe Generale highlights that the Trump administration’s threatened 50% tariff on Canadian vehicles and parts signals a broader push to redirect manufacturing investment to the US, challenging USMCA reliability. Canada faces immediate pressure and plans re
West Texas Intermediate (WTI) Oil edges lower on Tuesday, extending its decline for a second straight day as traders look past Washington’s latest economic pressure on Iran. Markets increasingly see the move as a shift away from military confrontation, reducing some of the
Dutch dairy group Royal A-ware has struck a deal to acquire local butter producer LaBan Foods. The financial terms of the transaction were not revealed In a statement yesterday (24 August), Royal A-ware said the acquisition is aimed at "continuing its strategy of fu
Attack on Afipsky refinery deepens Russia’s fuel supply crisis and adds pressure to global oil product markets. Ukraine conducted a drone strike on Russia’s Afipsky refinery, a facility processing 180,000 barrels per day, in Krasnodar region. The attack sparked a fire and
Deal includes a five-year partnership to develop AI solutions for automotive manufacturing and customer experience. Tata Consultancy Services will acquire Porsche’s MHP consulting unit for 320 million euros ($348 million) as part of a broader 1.25 billion euro ($1.46 billi
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