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Trump Says US Will Begin Blockade of Ships To and From Hormuz
The US Navy will “shortly” begin a blockade of ships entering and leaving the Strait of Hormuz, President Donald Trump said in a Truth Social post.
Nation's Top Banks Set to Release Earnings After Tough Quarter
The KBW Bank Index had its weakest quarterly performance since 2023, which is raising concerns about the banking sector's recent challenges ahead of the upcoming earnings report from Wall Street's six largest banks. Bloomberg Intelligence Senior Analyst Herman Chan and Bloomberg News Managing Editor Kristine Aquino provide insight on what investors might expect to Christina Ruffini and Tim Stenovec on Bloomberg This Weekend. (Source: Bloomberg)
World Bank Approves $500 Million to Support Jobs, Green Growth in Morocco
Agadir – The World Bank has approved a $500 million financing package for Morocco under the First Morocco Jobs and Green Growth Development Policy Loan, aiming to support employment creation and the country’s green transition. The program is the first in a series of three planned operations looking to advance Morocco’s jobs roadmap by expanding employment opportunities, strengthening labor market systems, and stimulating private sector development, particularly among small and medium-sized...
Oil-Rich Latin America Lures Traders Navigating War Jitters
Latin American assets have emerged as a haven for emerging-market investors trying to navigate an increasingly volatile global backdrop, buoyed by a roster of oil exporters and greater insulation from tensions in the Middle East.
Iran to restore oil refinery on Lavan Island soon — official
Teams are currently working to remove the rubble and replace damaged equipment, Deputy Oil Minister Mohammad Sadegh Azimifar said
Browns back and forth: Myles Garrett trade speculation, QB battle, Todd Monken's honeymoon phase
Ahead of the NFL Draft and just a few days after the start of the offseason program, beat writer Zac Jackson and columnist Jason Lloyd go back and forth on the state of the Cleveland Browns.Zac Jackson: At our age, it’s hard to keep the days straight. But we’re a little over a week past the owners meetings and inside two weeks from the draft, which means we’re about 10 days from the first time new coach Todd Monken has some of his team on the practice field for a voluntary minicamp. Time flies w...
The states revealed as best to start a family amid cratering belief in the American Dream
For those chasing the American dream, a new study has some insightful information about what it takes to attain it – along with data that might determine the best states to set down roots.Declining marriages and broken families are crippling predominantly blue states, while red states thrive with better economic mobility, education and lower crime, according to a 2026 Family Structure Index released Tuesday by the Ohio-based Center for Christian Virtue.In partnership with the Institute for Famil...
Event Bets Pose a Problem for Wall Street Firms Looking to Trade
Prediction markets are booming. Wagers on everything from the return of Jesus Christ to who will win the World Cup have driven weekly volumes on platforms like Polymarket and Kalshi into the billions of dollars.
Syria Denies Return of Smart Card Under “Safety Card” Name
Hassan al-Ahmad, director of the Media Department at Syria’s Ministry of Economy and Industry, told Enab Baladi that he denies reports circulating on social media about reactivating the “smart card” under a new name, the “Safety Card,” stressing that the claim is entirely false. Al-Ahmad said the image being circulated on the issue was fabricated and had no connection to the Ministry of Economy and Industry. He stressed that this type of card was permanently scrapped with the end of the former r...
Economic shock of Middle East war to cast shadow over IMF, World Bank meetings
Top finance officials from around the world will convene in Washington this week under the shadow of the war in the Middle East, which has delivered a third major shock to the global economy after the COVID pandemic and Russia’s full-scale invasion of Ukraine in 2022. Top International Monetary Fund and World Bank officials last week said they would downgrade their forecasts for global growth and raise their inflation predictions as a result of the war, warning that emerging markets and...
US-Israei aggression on Iran to have 'cascading impact' on world economy: World Bank
The World Bank chief warns that the US-Israeli aggression against Iran will have a negative impact on global economy
India Forex Regulator Criticizes Banks’ Rupee Arbitrage Trades
A senior Reserve Bank of India official criticized foreign-exchange market makers for their role in aggravating the rupee’s weakness during the Middle East tensions, as the regulator keeps up its tough messaging stance in its defense of the currency.
Saudi Arabia Says East-West Pipeline Restored to Full Capacity
Saudi Arabia has restored the full pumping capacity of its East-West pipeline to 7 million barrels a day, rehabilitating a vital link for oil exports via the Red Sea.
Saudi Arabia restores key oil facilities after attacks, stabilises global supply
Saudi Arabia’s Ministry of Energy said key energy facilities affected by recent attacks have recovered and resumed operations, restoring pumping capacity in the kingdom’s critical East-West pipeline and reinforcing the reliability of global oil supplies.The ministry confirmed that operational and technical teams successfully restored the pipeline’s full pumping capacity of about seven million barrels per day after earlier disruptions.Get updated faster and for FREE: Download the Gulf News app no...
Robinhood excludes some prediction markets over manipulation fears
US broker says it is ‘very focused on insider trading’ as it pushes into fast-growing sector
British Steel 'needs nationalising by the summer'
British Steel 'needs nationalising by the summer'50 minutes agoShareSaveAdd as preferred on GooglePritti Mistry,East Yorkshire and LincolnshireandGrace McGrory,in ScunthorpeReutersEmergency legislation was passed in April 2025 to allow the government to save British SteelBritish Steel needs to be brought into public ownership by the summer if a deal between its Chinese owner and the government fails, an MP has said.Labour MP Nic Dakin told the BBC that was "the best outcome"...
UAE banks’ relief packages prove effective, boost SMEs and economy
[Editor's Note: Follow Khaleej Times live blog for the latest regional developments with the US-Israel-Iran ceasefire now in effect.]Relief packages offered by local banks have been effective in achieving their objectives of supporting customers and small businesses, according to a statement issued by the Central Bank of the UAE.The announcement followed a meeting between Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), and chief executive officers of banks opera...
Two Supertankers U-Turn in Hormuz as US-Iran Talks Break Down
Two empty supertankers attempted to make their way through the Strait of Hormuz and into the Persian Gulf on Sunday, only to make a last-minute U-turn just as peace negotiations between the US and Iran broke down, threatening a fragile ceasefire.
Oil tankers exit Strait of Hormuz amid fragile US-Iran ceasefire
Three supertankers laden with oil exit waterway amid global energy crunch, shipping data shows.
Low-tax Texas opens London office to lure jobs and investment
Exclusive: US state is targeting corporate heavyweights in the UK with subsidies and incentives Y’all Street: Bullish Dallas aims to steal New York’s crownThe US state of Texas is putting UK businesses in its crosshairs with the launch this month of a dedicated London office to lure jobs and investment to the low-tax Lone Star State.Texas recently secured approval for the new site, adding to a growing list of international offices from which it can try to draw corporate heavyweights across its b...