22 Crew Missing After Bulk Carrier Sinks Off India's East Coast
Indian agencies search for 22 missing crew after the bulk carrier Ocean Winner sank off the eastern coast; two Chinese nationals rescued.
Economy
Ebola and Hunger Trap Miners in Eastern Congo
In eastern DRC, artisanal miners continue working despite Ebola fears, driven by hunger and displacement, complicating containment efforts.
US Debt Crosses $40 Trillion, Raising Treasury Yield and Equity Risks
US public debt has crossed $40 trillion. Jefferies warns of upward pressure on Treasury yields, which could hurt equities and limit Fed flexibility.
Nearly 40 Oil Tankers Cross Strait of Hormuz in Single Night, US Officials Say
About 40 oil tankers transited the Strait of Hormuz via the southern route on Friday night, moving roughly 16 million barrels of oil, according to US officials.
Merz to Push Cabinet for Swift Implementation of Growth Reforms
German Chancellor Friedrich Merz will press his cabinet to accelerate pro-growth reforms, focusing on tax, pensions, deregulation and digitalisation.
Canada Vows Dollar-for-Dollar Tariffs as US Trade Talks Collapse
Canada says it will retaliate with dollar-for-dollar tariffs after trade talks with the US collapse.
Bulk Carrier Sinks Off Odisha Coast; Two Rescued, Search On for 22
A Panama-flagged bulk carrier sank off India's east coast on Saturday. Two crew rescued; search continues for 22 others.
Iraq Says Iran Showing 'Flexibility' on Hormuz Oil Exports
Iraqi President Nizar Amidi says Iran has shown flexibility on oil exports via the Strait of Hormuz, as Baghdad struggles with a severe economic crisis.
US 50% Tariffs on Canadian Goods Take Effect as Trade Talks Collapse
The US has imposed 50% tariffs on $20 billion of Canadian goods after talks failed, prompting Canada to plan dollar-for-dollar retaliation.
Trump Vows Unprecedented Iran Sanctions: What Tools Remain?
The US is preparing new, unprecedented sanctions on Iran. Experts weigh options from targeting Chinese refiners to a land blockade.
Carney outlines Canada's response to new US tariffs
PM Mark Carney addressed Canada's response to new US tariffs at a Parliament Hill news conference, with trade minister Dominic LeBlanc present.
US-Canada trade war: A timeline of tariffs and retaliation
A timeline of the escalating US-Canada trade war, from initial 25% tariffs to the latest 50% levies and retaliatory measures.
Canada to Hit Back With Dollar-for-Dollar Tariffs on US Goods From September 8
Canada will impose matching tariffs on US imports from September 8, covering steel, dairy, appliances, and more, after trade talks fail.
Canada-US Trade Collapse Marks End of an Era as Tariffs Bite
Failed talks and new US tariffs signal a permanent rupture in the Canada-US alliance, prompting Canadian retaliation and a push for diversification.
Iran rejects US sanctions push as Hormuz shipping collapses
Iran condemns imminent US sanctions as illegal, while oil traffic through the Strait of Hormuz nearly halts and war costs mount.
Fed Signals Possible Rate Hike as Inflation Persists; Jobless Claims Fall
Fed minutes suggest possible rate hikes if inflation persists; mortgage rates ease slightly; jobless claims fall to 206,000.
Bitcoin and Gold Surge as Treasury Move Sparks 'Debasement Trade'
Bitcoin and gold rallied sharply this week after the US Treasury announced larger long-term debt buybacks, weakening the dollar and fueling the 'debasement trade.'
Indonesia Signals Openness to Chinese Investment, Calls for Deeper Ties
Indonesia's president welcomes Chinese investment and deeper cooperation during a meeting with top Chinese officials in Jakarta.
Tanzania's largest hydropower plant opens, doubling national grid capacity
Tanzania's new 2,115 MW hydropower plant doubles national capacity, ending blackouts and enabling potential power exports.
Japan's Fiscal Outlook Darkens as Budget Requests and Bond Yields Climb
Japan faces mounting fiscal strain as massive budget requests coincide with rising bond yields, according to a fresh report.