Economy

Broadcom corporate headquarters in Palo Alto California amid AI stock market selloff June 2026

Global AI Stock Rout Freezes South Korea’s Market and Stalls OpenAI’s IPO Plans

A single Broadcom guidance miss detonated a chain reaction that froze Seoul's stock exchange, erased $1.3 trillion from semiconductor stocks, and stalled OpenAI's IPO. The rout has delivered one question to the

July 3, 2026

by Economy Desk

Tesla vehicles lined up at a delivery center as Q2 2026 hits record 480,126 deliveries

Tesla Posted Its Best Quarter Ever. Wall Street Sold Anyway.

Tesla delivered a record 480,126 vehicles in Q2 2026, beating Wall Street forecasts by 74,000 units and posting 25 percent year-over-year growth. The stock fell seven percent anyway, as investors wait for the margin data arriving with July 22 earnings.

July 3, 2026

by Economy Desk

Oil tanker at sea representing UAE crude exports amid OPEC+ production surge

UAE Oil Exports Near 2017 Highs as OPEC Exit and Postwar Rebound Test Global Markets

UAE crude exports surged 30% to nearly 3.9 million barrels per day in June, approaching highs

IHC and Adani Group officials sign $11.5 billion aluminium deal in Odisha India July 2026

IHC and Adani Group Sign $11.5 Billion Aluminium Deal, India’s Largest Metals FDI

Abu Dhabi's International Holding Company and India's Adani Group signed a $11.5 billion joint venture agreement

Vessels transit the Strait of Hormuz as Iran oil exports surge under sanctions waiver

Iran Sold 40 to 50 Million Barrels in Two Weeks at a 20 Percent Premium. The Gains Disappear if the Deal Fails.

Iran sold roughly 40 to 50 million barrels of crude oil in the first two weeks after the Islamabad MoU was signed, at a 20 percent premium over blockade-era prices, according to

July 3, 2026

Business·Conflicts, Military and War·Economy·News

Saudi Arabia Public Investment Fund milestone reaching trillion dollar valuation

Saudi Arabia’s PIF Crosses $1.21 Trillion in Assets After Net Profit Doubled in 2025

Saudi Arabia's Public Investment Fund posted SR65.1 billion in net profit in 2025, more than doubling its 2024 figure, as total assets reached $1.21 trillion. The results signal that the kingdom's sovereign

July 3, 2026

Business·Economy·News

Dubai skyline reflecting the city's soaring inflation driven by Iran war petrol surge in May 2026

Dubai Inflation Hits 5.5% in May, Driven by Iran War Petrol Surge

Dubai consumer prices rose 5.5 percent in May, fastest since before the pandemic, driven by Iran war petrol costs and persistent housing pressure. Emirates NBD expects inflation to moderate to 2.9 percent

July 3, 2026

Business·Economy·News

Construction workers rebuilding homes in Pacific Palisades California June 2026 US labor market

US June Jobs Miss Badly: 57,000 Payrolls, Half the Forecast, as Tariffs and War Weigh on Hiring

The US economy added just 57,000 jobs in June, barely half the 115,000 economists had forecast, as leisure and hospitality shed 61,000 positions in peak summer season and downward revisions to April

July 3, 2026

Business·Economy·News

UAE Minister of State for Financial Affairs Mohamed Al Hussaini at Nasdaq Dubai listing of sovereign retail T-sukuk July 2026

UAE Doubles Retail Sukuk After Orders Reach Nine Times the Offering Size

The UAE Finance Ministry received Dh445 million in orders on its first Dh50 million sovereign retail sukuk, nine times what was offered, and doubled the issuance. Nearly half of subscribers were women

July 3, 2026

Business·Economy·News

PM Mark Carney and Alberta Premier Danielle Smith announce new Pacific pipeline framework to diversify Canadian oil exports

Canada Bets on a Pacific Pipeline to Break Its Dependence on the US Oil Market

Canada's federal government and Alberta jointly announced a framework for a 1-million-barrel-per-day Pacific pipeline aimed at diversifying oil exports beyond the US. The same announcement maintained BC's northern tanker ban, leaving the

July 3, 2026

Business·Economy·News

Rivian R2 electric SUV headlight as the company beats Q2 2026 delivery targets and raises guidance

Rivian Beats Q2 Targets, Raises 2026 Guidance Without Federal EV Aid

Rivian delivered 12,194 vehicles in Q2 2026, beating its 9,000-11,000 estimate, and raised its full-year delivery target to 65,000-70,000. The results arrive without the federal EV tax credit and represent a 55

July 3, 2026

Business·Economy·News

MGX Abu Dhabi AI fund $49 billion Mubadala G42 Sheikh Tahnoon

MGX Closes $49 Billion AI Fund as Abu Dhabi Cements Its Role in Global AI Capital

Abu Dhabi's MGX closed its debut AI fund at $49bn, exceeding a $45bn target, attracting investors from three continents to back semiconductors, AI infrastructure and frontier models. Stakes in Anthropic, OpenAI, Binance

July 3, 2026

Artificial Intelligence·Business·Economy·News·Technology

Oil tankers navigating the Strait of Hormuz as Brent crude falls below $71 amid Doha talks

Oil Falls Below $71 for First Time Since US-Israel War on Iran as Doha Talks Signal Pause

Brent crude fell to $70.82 a barrel on Thursday, the lowest level since the day before the US-Israel war on Iran began in February, as US-Iran indirect talks in Doha produced a

July 3, 2026

Business·Conflicts, Military and War·Economy·News

German Chancellor Friedrich Merz unveiling the 34-measure reform package at the Berlin Chancellery on July 2 2026

Germany Unveils €10 Billion Tax Cuts and Pension Reforms Amid Far-Right Electoral Pressure

Chancellor Friedrich Merz's CDU-SPD coalition unveiled a 34-measure economic overhaul on Thursday, including €10bn in annual tax relief and sweeping pension reforms that could push Germany's retirement age past 67, racing to

July 3, 2026

Business·Economy·Government and Politics·News

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Economy

Global AI Stock Rout Freezes South Korea’s Market and Stalls OpenAI’s IPO Plans

Tesla Posted Its Best Quarter Ever. Wall Street Sold Anyway.

UAE Oil Exports Near 2017 Highs as OPEC Exit and Postwar Rebound Test Global Markets

IHC and Adani Group Sign $11.5 Billion Aluminium Deal, India’s Largest Metals FDI

Iran Sold 40 to 50 Million Barrels in Two Weeks at a 20 Percent Premium. The Gains Disappear if the Deal Fails.

Saudi Arabia’s PIF Crosses $1.21 Trillion in Assets After Net Profit Doubled in 2025

Dubai Inflation Hits 5.5% in May, Driven by Iran War Petrol Surge

US June Jobs Miss Badly: 57,000 Payrolls, Half the Forecast, as Tariffs and War Weigh on Hiring

UAE Doubles Retail Sukuk After Orders Reach Nine Times the Offering Size

Canada Bets on a Pacific Pipeline to Break Its Dependence on the US Oil Market

Rivian Beats Q2 Targets, Raises 2026 Guidance Without Federal EV Aid

MGX Closes $49 Billion AI Fund as Abu Dhabi Cements Its Role in Global AI Capital

Oil Falls Below $71 for First Time Since US-Israel War on Iran as Doha Talks Signal Pause

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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