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.
Economy
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.
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.
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.
Mexico cattle exports to US resume under strict screwworm protocols
US resumes Mexican cattle imports at Arizona border with daily caps, RFID tags, and inspections to curb screwworm spread.
Trump tariffs cool Quebec's separatist fervour ahead of provincial vote
US tariffs and annexation threats have pushed support for Quebec independence to a decades-low of 30%, prompting separatist leaders to shelve referendum plans.
Iran permits Iraqi oil tankers to transit Strait of Hormuz
Iran has allowed Iraqi oil tankers to pass through the Strait of Hormuz following repeated requests from Baghdad, state media reported.
US Markets Brace for Key Consumer Confidence and Inflation Data
Wall Street awaits August consumer confidence data and July PCE inflation figures, with the Fed expected to hold rates steady.
Japan's FY2027 Budget Requests Projected to Top 130 Trillion Yen
Japan's budget requests for fiscal 2027 are expected to surpass 130 trillion yen, reflecting rising spending pressures.
Iran approves Iraqi oil tanker passage through Strait of Hormuz
Iran has approved the transit of Iraqi oil tankers through the Strait of Hormuz, following repeated requests from Baghdad.
US Imposes 50% Tariffs on Canadian Goods as Trade Talks Collapse
The US has imposed 50% tariffs on $20 billion of Canadian goods after trade talks failed, prompting Canada to suspend negotiations and vow retaliation.