Annual inflation remained steady at 3.8% in April, matching forecasts, while food prices rose 3.2% year-over-year. US consumer prices rose 3.8% year-over-year in April, unchanged from March and in line with economist expectations. The report highlighted persistent upward p
NextSource Materials Inc. (TSX:NEXT, OTCQB:NSRCF) said on Tuesday it has approved a final investment decision on Phase 1 of its Battery Anode Facility in Abu Dhabi, advancing its push into vertically integrated anode materials manufacturing. The decision follows the comple
It is a pleasure to be here this morning. Let me begin by thanking the World Bank Group, INCEIF University, the Centre of Excellence for Islamic Social Finance and ISRA Institute for bringing us together for this important discussion I would also like to acknowledge
Nvidia's absence from Trump's delegation signals prolonged challenges in recovering sales amid U.S. export curbs on advanced AI chips. Nvidia CEO Jensen Huang will not join President Donald Trump’s delegation to China this week, highlighting ongoing struggles to regain mar
By Amanda Cooper and Tom Westbrook LONDON/SINGAPORE, May 12 Oil gained for a third day on Tuesday and the dollar rose as hopes faded for a deal to get ships moving through the Strait of Hormuz, while a red-hot rally in chip stocks cooled and traders waited on U.S. inflation...</p
Senate set to vote on Kevin Warsh's nomination to Federal Reserve Board of Governors, ahead of Fed chair vote The US Senate is set to vote Tuesday on Kevin Warsh’s nomination to serve as a governor on the Federal Reserve Board, the first step in a two-step process that would...</
Super El Niño may tighten thermal coal markets A potential 'super El Niño' event in mid-2026 could lead to higher thermal coal prices. The event is expected to trigger intense heatwaves across Asia, increasing demand for air conditioning and coal-fired power.
Munich Re posted a 56.7% increase in its net result for the first quarter of 2026 (Q1 2026), supported by significantly lower major-loss expenditure in its reinsurance and global specialty insurance operations. The German reinsurer reported a net result of €1.71bn for the
Brent crude jumps $10 to $107 amid Iran tensions, while U.S. inflation data looms ahead of Treasury auctions. Brent crude prices climbed to $107 per barrel, a $10 increase from last week’s lows, as U.S. President Donald Trump described the Iran ceasefire as “on life suppor
The processing capacity of the Habshan facilities, the biggest gas processing site in the United Arab Emirates, is expected to be restored to 80% by the end of 2026, after damage from the Iran war, ADNOC Gas said on Tuesday. The Habshan onshore facilities are part of one o
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