Economy Desk

Covering markets, economic policy, inflation, and business news that shapes financial decisions.

US Treasury Secretary Scott Bessent speaks at G20 finance ministers meeting about the Strait of Hormuz oil pipelines

Bessent Says Strait of Hormuz Will Be ‘Worthless’ in Two Years as Oil Shifts to Land

US Treasury Secretary Scott Bessent declared at the G20 finance ministers' meeting that the Strait of Hormuz will be 'worthless' in two years as oil shifts to land pipelines. The prediction landed

September 1, 2026

by Economy Desk

Gold and silver precious metals market September 2026 US spot price

The Fed Pivoted Hawkish at Jackson Hole. That Is Why Silver Is $66.79 Today and Not Higher.

Silver is at $66.79 per troy ounce on September 1, 2026 — 45% below February's $122 record reached when China imposed export controls on the metal. The Fed's hawkish Jackson Hole signal raised rate-hike odds to 64 percent, and whether

September 1, 2026

by Economy Desk

Silver bullion coins and bars reflecting India silver price today September 2026

After Falling 45% From Its February Record, Silver Opens India’s Festival Season at ₹255 to ₹263 Across Cities

Silver in India has fallen 45% from February's $122 global record, settling into a ₹255 to

Fairlife protein shakes and ultra-filtered milk products affected by Coca-Cola ransomware attack July 2026

Coca-Cola’s All-Time High Is in the Rearview as Fairlife Ransomware Costs Stay Hidden

Coca-Cola shares closed at $89.66 on August 28, retreating from an all-time high of $91.99 set

Shoppers at an open-air livestock market in Abuja, Nigeria, amid a rising cost of living

IMF Warns Nigeria Over $5 Billion UAE Loan as Abuja Bypasses the West

The IMF has warned Nigeria that its plan to borrow up to $5 billion through a swap deal with First Abu Dhabi Bank is opaque and risky. The caution lands as Abuja,

June 9, 2026

Business·Economy·News

An Nvidia Grace Blackwell AI superchip, the kind Taiwan may further restrict from export to China

Taiwan Weighs Curbing AI Chip Exports to China to Align With the US

Taiwan is weighing stricter controls on AI chip exports to China, deepening its alignment with US curbs meant to deny Beijing the advanced Nvidia processors and TSMC chips that power artificial intelligence.

June 9, 2026

Business·News·Technology

A gas pipeline facility in Nigeria's Port Harcourt region, where the Trans-Saharan pipeline to Europe would begin

Algeria Starts a Trans-Saharan Gas Pipeline to Europe as the Russia Boycott Bites

Algeria, Nigeria and Niger have begun building the Trans-Saharan Gas Pipeline, a 4,100-kilometre line to carry Nigerian gas across the Sahara to a Europe scrambling to replace the Russian supply it boycotted.

June 9, 2026

Business·Economy·News

A lung X-ray on a screen, illustrating GSK's $10.6 billion deal for lung cancer drugmaker Nuvalent

GSK to Buy Cancer Drugmaker Nuvalent for $10.6 Billion in Its Biggest Deal in Years

Britain's GSK has agreed to buy US cancer drugmaker Nuvalent for $10.6 billion in cash, a 40 percent premium that sent its shares up 39 percent. The deal hands GSK two late-stage

June 9, 2026

Business·Health·News

European Commission President Ursula von der Leyen announces EU 21st Russia sanctions package including first-ever full ban on foreign crypto exchanges

EU Unveils First-Ever Power to Fully Ban Foreign Crypto Exchanges Helping Russia Evade Sanctions

The European Commission proposed for the first time the legal power to impose a complete operational ban on crypto exchanges in any country found to be helping Russia circumvent EU sanctions —

June 9, 2026

Business·Conflicts, Military and War·Crypto·News

A passenger jet on approach as global airlines face a 70 percent jet fuel cost surge in 2026

Airline Profits Halve in 2026 as the War on Iran Drives Jet Fuel Higher

The global airline industry will earn about $23 billion in 2026, roughly half of last year, after the war on Iran drove jet fuel up 70 percent and added $100 billion to

June 9, 2026

Business·Economy·News

Sam Bankman-Fried arrives at court in Nassau Bahamas in December 2022

Sam Bankman-Fried Formally Applies for Presidential Pardon as 25-Year Sentence Runs

Sam Bankman-Fried, the imprisoned founder of collapsed crypto exchange FTX, has formally filed a clemency petition with the U.S. Department of Justice’s Office of the Pardon Attorney — a long-shot bid that

June 9, 2026

Business·Crypto·Government and Politics·News

OpenAI Files Confidentially for a US IPO, Then Tells Investors Not to Expect It Soon

OpenAI confirmed Monday it had filed confidential paperwork for a US IPO, then warned an actual listing "may be a while" away. The biggest name in the AI IPO wave is also

June 9, 2026

Artificial Intelligence·Business·Economy·News·Technology

OpenAI confidential IPO filing with the US Securities and Exchange Commission

OpenAI Files for a US IPO, Joining an AI Rush to Wall Street

OpenAI told the world on Monday it had filed a confidential draft IPO with the SEC, the first step toward going public near an $852 billion valuation. It joins Anthropic and SpaceX

June 9, 2026

Artificial Intelligence·Business·Economy·News·Technology

Heavy machinery removes rubble after Israeli airstrike on Beirut southern suburbs June 2026

Brent Surges Past $97 as Israel Strikes Lebanon and Iran, Rendering OPEC+ Output Hike Irrelevant

Brent crude jumped past $97 a barrel on Monday after Israel bombed Beirut and struck an Iranian petrochemical plant, collapsing a five-day-old ceasefire and wiping out any market relief from OPEC+'s fourth

June 8, 2026

Business·Conflicts, Military and War·Economy·News

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Economy Desk

Bessent Says Strait of Hormuz Will Be ‘Worthless’ in Two Years as Oil Shifts to Land

The Fed Pivoted Hawkish at Jackson Hole. That Is Why Silver Is $66.79 Today and Not Higher.

After Falling 45% From Its February Record, Silver Opens India’s Festival Season at ₹255 to ₹263 Across Cities

Coca-Cola’s All-Time High Is in the Rearview as Fairlife Ransomware Costs Stay Hidden

IMF Warns Nigeria Over $5 Billion UAE Loan as Abuja Bypasses the West

Taiwan Weighs Curbing AI Chip Exports to China to Align With the US

Algeria Starts a Trans-Saharan Gas Pipeline to Europe as the Russia Boycott Bites

GSK to Buy Cancer Drugmaker Nuvalent for $10.6 Billion in Its Biggest Deal in Years

EU Unveils First-Ever Power to Fully Ban Foreign Crypto Exchanges Helping Russia Evade Sanctions

Airline Profits Halve in 2026 as the War on Iran Drives Jet Fuel Higher

Sam Bankman-Fried Formally Applies for Presidential Pardon as 25-Year Sentence Runs

OpenAI Files Confidentially for a US IPO, Then Tells Investors Not to Expect It Soon

OpenAI Files for a US IPO, Joining an AI Rush to Wall Street

Brent Surges Past $97 as Israel Strikes Lebanon and Iran, Rendering OPEC+ Output Hike Irrelevant

Radical Islam is being appreciated by Indian authorities too

Bangladesh; India’s Biggest Ally or China’s Dragon Nest?

Ahmadis in Bangladesh face fresh threat of persecution

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