Economy- Page 11

Saudi Arabia GDP contracts Q2 2026 oil revenues Hormuz disruption

Saudi Arabia Economy Contracts 4.8% in Q2, Worst Since COVID, as Oil Revenue Plunges

Saudi Arabia's economy shrank 4.8 percent in Q2 2026, its worst since COVID, as Hormuz disruptions crashed oil revenues by 24.7 percent year-on-year. The IMF projects a 5.5 percent rebound in 2027

July 31, 2026

by Economy Desk

Bank of England building representing central bank interest rate policy affecting consumer confidence in 2026

US Consumer Confidence Slips Again in July as Americans Grow Gloomier on Jobs and Business

The Conference Board's Consumer Confidence Index fell to 90.8 in July, down from 92.2 in June, as Americans grew more pessimistic about current business conditions and the six-month labor market outlook. The data landed the same afternoon the Federal Reserve

July 31, 2026

by Economy Desk

Federal Reserve Chair Kevin Warsh speaks at the July 2026 FOMC press conference after the committee voted to hold interest rates steady

Three Fed Officials Put a Rate Hike in Writing. The Majority Held — For Now.

Three Federal Reserve officials formally dissented for a rate hike at Tuesday's FOMC meeting — the

Deutsche Bank Q2 2026 Investment Bank revenue chart showing record fixed income and currencies revenues

Deutsche Bank Posts Record Q2 Profit as Investment Banking Revival Takes Hold

Deutsche Bank AG reported post-tax profit of 1.9 billion euros for the second quarter of 2026,

Man filling fuel canister at Omsk gas station amid Russia fuel shortage and odd-even rationing

Gasoline Rationing Spreads Across Russia as Ukraine Refinery Strikes Hit 50 Million

Russia has imposed odd-even gasoline rationing across multiple regions after Ukrainian drone strikes destroyed 42 percent of refining capacity. The crisis now affects an estimated 50 million Russians, with diesel export bans

July 11, 2026

LNG gas infrastructure terminal used for Russian natural gas exports to European markets including Spain

Russia Overtakes United States as Spain’s Second-Largest LNG Supplier, Enagas Data Shows

Russia overtook the United States as Spain's second-largest LNG supplier in June 2026, with deliveries up 67.5 percent year-on-year to 21.1 percent of imports, per Enagas. The shift arrives as the EU

July 11, 2026

Business·Economy·News

SK Hynix Raises $26.5 Billion in Record-Breaking Nasdaq IPO, Surpassing Alibaba

SK Hynix Inc. raised $26.5 billion in its US IPO on Thursday, with shares jumping 14% at open to $170. The South Korean chipmaker's debut surpassed Alibaba's 2014 record for the largest

July 11, 2026

Business·Economy·Markets·News

EasyJet aircraft at airport as Apollo bids 5.7 billion pounds for airline takeover

Apollo Bids £5.7 Billion for EasyJet, Outpacing Castlelake in Private Equity Race

Apollo outbid Castlelake for EasyJet with a £5.7 billion proposal, winning board backing on Friday. The competing deadlines — August 3 for Castlelake to respond, August 7 for Apollo — set up

July 10, 2026

Business·Economy·News

Volkswagen workers protest outside Zwickau plant against 100,000 job cuts plan

Volkswagen Supervisory Board Blocks Brand Cuts as Workers Reject 100,000 Job Losses

Volkswagen's supervisory board voted 12-7 against management's plan to cut half its model lineup and 100,000 jobs globally, with labor and Lower Saxony state blocking CEO Oliver Blume. The setback comes as

July 10, 2026

Business·Economy·News

Asian Development Bank headquarters building in Mandaluyong Philippines

ADB Cuts India’s FY27 Growth Forecast to 6.6% as Middle East Energy Shock Bites

The Asian Development Bank trimmed India's fiscal 2027 growth forecast to 6.6% from 6.9%, pinning the 30-basis-point cut on elevated energy prices from the Iran-US Middle East conflict. The IMF has made

July 10, 2026

Business·Economy·News

2022 Land Rover Range Rover SE P440e hybrid SUV front view

India Clears UK Vehicle Tariff Channel Under FTA, JLR Stands to Gain Most

India's trade regulator published UK vehicle import qualification rules July 10, effective July 15, opening a reduced-tariff channel primarily benefiting JLR's Range Rover and Defender. Rules of origin for Rolls-Royce and McLaren

July 10, 2026

Business·Economy·News

National Stock Exchange of India building in Mumbai

India’s NSE Pitches $3.6 Billion IPO to 30 Global Investors Ahead of September Listing

India's National Stock Exchange plans to pitch its long-awaited IPO to 30 global institutional investors starting July 17, targeting a September listing that would raise $3.6 billion and place the exchange among

July 10, 2026

Business·Economy·News

Canadian Prime Minister Mark Carney at a public event, who visited Saudi Arabia in July 2026 for the first Canadian PM trip to the kingdom in 26 years

Canada Signs Mining and AI Pacts in Saudi Arabia, Carney’s First PM Visit in 26 Years

Canadian PM Mark Carney signed mining, energy and AI pacts with Saudi Arabia in Jeddah on Thursday, the first Canadian PM visit in 26 years. The two nations also established a Saudi-Canadian

July 10, 2026

Business·Economy·News

Satellite image of the Strait of Hormuz showing the narrow passage between Iran and Oman during the US-Iran conflict

Only 5 Ships Crossed the Strait of Hormuz in 24 Hours as US-Iran Fighting Resumes

Only five vessels crossed the Strait of Hormuz on Thursday as US and Iranian forces resumed strikes, against a prewar baseline of 130 daily crossings. Zero large tankers have used the US-coordinated

July 10, 2026

Business·Economy·News

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Economy- Page 11

Saudi Arabia Economy Contracts 4.8% in Q2, Worst Since COVID, as Oil Revenue Plunges

US Consumer Confidence Slips Again in July as Americans Grow Gloomier on Jobs and Business

Three Fed Officials Put a Rate Hike in Writing. The Majority Held — For Now.

Gasoline Rationing Spreads Across Russia as Ukraine Refinery Strikes Hit 50 Million

Russia Overtakes United States as Spain’s Second-Largest LNG Supplier, Enagas Data Shows

SK Hynix Raises $26.5 Billion in Record-Breaking Nasdaq IPO, Surpassing Alibaba

Apollo Bids £5.7 Billion for EasyJet, Outpacing Castlelake in Private Equity Race

Volkswagen Supervisory Board Blocks Brand Cuts as Workers Reject 100,000 Job Losses

ADB Cuts India’s FY27 Growth Forecast to 6.6% as Middle East Energy Shock Bites

India Clears UK Vehicle Tariff Channel Under FTA, JLR Stands to Gain Most

India’s NSE Pitches $3.6 Billion IPO to 30 Global Investors Ahead of September Listing

Canada Signs Mining and AI Pacts in Saudi Arabia, Carney’s First PM Visit in 26 Years

Only 5 Ships Crossed the Strait of Hormuz in 24 Hours as US-Iran Fighting Resumes

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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