Economy- Page 13

An ExxonMobil field worker stands on industrial stairs at a Permian Basin facility

ExxonMobil (XOM) Posts $14.5 Billion Q2 Profit as Permian Output Hits 20-Year High

ExxonMobil posted Q2 earnings of $14.5 billion on adjusted EPS of $3.52 as Permian production hit a 20-year high and free cash flow reached $17.2 billion. The company returned $9.4 billion to

July 31, 2026

by Jennifer Hicks

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 if the shipping lane reopens, but the Q3

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,

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

Ola Electric S1 Air electric scooter, India's best-selling EV two-wheeler

India Sets Auto Retail Record as EV Two-Wheelers Cross 10% for First Time

India's auto retail posted its strongest-ever June in 2026, with 2.55 million units sold and electric two-wheelers claiming 10.6 percent share for the first time, alongside alternative-fuel passenger vehicles crossing 40 percent

July 6, 2026

Business·Economy·News

The US Supreme Court building, which struck down Trump's IEEPA tariffs in Learning Resources Inc v Trump

India’s Tariff Rate Just Dropped to 10%. The Supreme Court Did What Goyal Couldn’t.

The White House confirmed Indian goods will face a temporary 10% tariff, down from 18%, after the Supreme Court struck down Trump's IEEPA-based duties and forced a pivot to a 150-day Section

July 5, 2026

Business·Economy·News

Iraq Basra Oil Company pipeline deal with Chevron and Qatar UCC approved by cabinet 2026

Iraq Approves Basra Oil Company Deal With Chevron and Qatar’s UCC on Strategic Pipeline Projects

Iraq's cabinet approved a deal between state-owned Basra Oil Company and a consortium of Chevron and Qatar's United Company for Commerce to develop strategic pipeline routes. The project aims to restore crude

July 5, 2026

Business·Economy·News

Photo of Piyush Goyal, India's Union Minister of Commerce and Industry

Washington Wants to Fine India 12.5% Over Forced Labor. Goyal’s Answer: Let Them.

The USTR wants to add a 12.5% tariff on Indian goods over unproven forced-labor allegations, with public comments closing July 6. Commerce Minister Piyush Goyal isn't fighting it — he's calling it

July 5, 2026

Business·Economy·News

Indian PM Narendra Modi meets UK PM Keir Starmer for a bilateral meeting tied to the India-UK CETA trade agreement

India’s Finance Ministry Sets the Rules That Will Make Its Exports Duty-Free in Britain From July 15

India's CBIC notified the Customs Tariff rules of origin for the India-UK CETA on July 4, clearing the final administrative step before the trade agreement takes force July 15 and makes 99%

July 5, 2026

Business·Economy·News

Japan Finance Minister Satsuki Katayama signals yen intervention readiness at press conference

Japan Keeps the Yen Threat Alive on America’s Holiday, Still Refusing to Name a Number

Japan's Finance Minister said Friday that Tokyo will act on the yen at any time, even on US holidays, without disclosing any threshold. Having spent $73 billion in its largest recorded intervention,

July 5, 2026

Business·Economy·Markets·News

Eggs displayed for sale at a grocery store in New York amid DOJ settlement with Cal-Maine and egg producers over price fixing

DOJ Forces Egg Giants to Pay $3.3M and Donate 53 Million Eggs in Price-Fixing Crackdown

Three of America's largest egg producers agreed to pay $3.3 million and donate 53 million eggs after the DOJ and 17 state attorneys general alleged they coordinated to artificially inflate egg prices

July 4, 2026

Business·Economy·News

Modi Inaugurates Pachpadra Refinery, India’s First Greenfield Complex in a Decade

PM Modi inaugurated India's first greenfield integrated refinery in a decade at Pachpadra, Rajasthan on Friday. The Rs 79,450 crore HPCL complex began commercial operations June 22 and will produce polypropylene and

July 4, 2026

Business·Economy·News

Trump Accounts Launch as Six Million Families Enroll in US Children’s Savings Program

President Trump launched Trump Accounts on July 4, placing $1,000 per eligible child in a tax-deferred S&P 500 fund as six million families enrolled. BlackRock, Vanguard, and State Street pledged matching corporate

July 4, 2026

Business·Economy·News

EU Transparency Law Forces Microsoft to Reveal 38% of Profits Parked in Ireland

Microsoft's EU Country-by-Country Report shows 38 percent of global pre-tax profits booked in Ireland, where 2.92 percent of its employees work. Luxembourg recorded 34 employees, $283 million in profit, and a 3.3

July 4, 2026

Business·Economy·News

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Economy- Page 13

ExxonMobil (XOM) Posts $14.5 Billion Q2 Profit as Permian Output Hits 20-Year High

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.

India Sets Auto Retail Record as EV Two-Wheelers Cross 10% for First Time

India’s Tariff Rate Just Dropped to 10%. The Supreme Court Did What Goyal Couldn’t.

Iraq Approves Basra Oil Company Deal With Chevron and Qatar’s UCC on Strategic Pipeline Projects

Washington Wants to Fine India 12.5% Over Forced Labor. Goyal’s Answer: Let Them.

India’s Finance Ministry Sets the Rules That Will Make Its Exports Duty-Free in Britain From July 15

Japan Keeps the Yen Threat Alive on America’s Holiday, Still Refusing to Name a Number

DOJ Forces Egg Giants to Pay $3.3M and Donate 53 Million Eggs in Price-Fixing Crackdown

Modi Inaugurates Pachpadra Refinery, India’s First Greenfield Complex in a Decade

Trump Accounts Launch as Six Million Families Enroll in US Children’s Savings Program

EU Transparency Law Forces Microsoft to Reveal 38% of Profits Parked in Ireland

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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