As Hurricane Beryl intensifies, the Texas energy industry is preparing for its impact. The storm, predicted to reach Category 2 strength before making landfall on the middle-Texas coast early Monday morning, poses a significant threat …
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Canada’s Jobless Rate Surges to 29-Month High, Boosting Rate Cut Bets
Canada’s unemployment rate climbed to a 29-month high of 6.4% in June, raising concerns about a potential recession and increasing expectations of a rate cut by the Bank of Canada (BoC) this month. The rise …
Continue readingSouth African Rand Strengthens as Dollar Weakens on Rate Cut Hopes
The South African Rand continued its upward trend against the US dollar on Friday, fueled by expectations of interest rate cuts by the Federal Reserve later this year. The Rand traded at 18.2250 against the …
Continue readingCanada Approves Glencore’s $6.93 Billion Takeover of Teck Coal Unit with Strict Conditions
The Canadian government has approved Glencore’s $6.93 billion acquisition of Teck Resources’ steelmaking coal unit, with stringent conditions to protect jobs and Canadian interests. Industry Minister François-Philippe Champagne announced the approval on Thursday, emphasizing the …
Continue readingVietnam Aims for 6.5%-7.0% GDP Growth in Q3, Maintains Inflation Target Below 4.5%
Vietnam is aiming for robust economic growth in the third quarter, targeting a GDP expansion of 6.5%-7.0%, according to Prime Minister Pham Minh Chinh. The government remains committed to keeping inflation below 4.5% for the …
Continue readingZelensky and New UK PM Starmer Pledge Continued Support for Ukraine
Ukrainian President Volodymyr Zelensky has expressed gratitude to new British Prime Minister Keir Starmer for reaffirming the UK’s unwavering support for Ukraine in its war against Russia. In a statement, Starmer’s office confirmed that the …
Continue readingSupreme Court Ruling Grants Trump Significant Immunity, Raising Concerns for Future Presidents
The Supreme Court on Monday issued a ruling granting former President Donald Trump significant immunity for actions taken during his presidency, a decision that could have major implications for future presidents and the 2024 election. …
Continue readingCrypto Hacking Thefts Double to $1.4 Billion in First Half of 2024
Cryptocurrency theft through hacking has more than doubled in the first six months of 2024, reaching a staggering $1.38 billion, according to blockchain research firm TRM Labs. This alarming increase is driven by a combination …
Continue readingPope Francis Warns of Democracy’s Ill Health, Condemns Populist Politics
Pope Francis expressed deep concern about the state of democracy during a visit to Trieste, Italy, on Sunday. He denounced populist politics and what he termed “the dross of ideology,” warning that democracy is not …
Continue readingECOWAS Faces Disintegration Risk as Burkina Faso, Mali, and Niger Sign Alliance Treaty
The Economic Community of West African States (ECOWAS) is facing a major crisis as three junta-led countries – Burkina Faso, Mali, and Niger – have signed a treaty establishing the Alliance of Sahel States, signaling …
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