Economy- Page 16

Volkswagen workers on the production line at a German factory facing mass layoffs

Volkswagen Board Weighs 100,000 Layoffs in Germany’s Largest Industrial Contraction

Volkswagen's board met Thursday to vote on 100,000 job cuts and four German plant closures, the largest contraction in postwar German history. IG Metall and works council jointly called it an attack

July 10, 2026

by Economy Desk

Gas station pump prices reflecting surging energy costs from the Iran war 2026 oil inventory crisis

US Gasoline Prices Snap 50-Day Slide as Iran Escalation Rattles Energy Markets

The national average price of regular gasoline rose to $3.84 per gallon on Thursday, its first increase in nearly 50 days, after the collapse of the US-Iran ceasefire sent crude oil surging and renewed fears of prolonged disruptions in the

July 9, 2026

by Economy Desk

Best savings account checklist: 10 factors to evaluate in 2026

Introduction Selecting the best savings account involves more than simply opening the first account that appears

Blocked Rosneft petrol station in Saint Petersburg Russia diesel ban July 2026 after Ukraine drone strikes on refineries

Russia Bans Diesel Exports as Ukraine Drones Strike 21 Vessels, Halt Omsk Refinery

Ukraine's Unmanned Systems Forces struck 21 vessels in the Sea of Azov and shut down the

South African President Cyril Ramaphosa speaks at an economic forum

South Africa’s Economy Turns a Corner as Fitch Ends 21-Year Wait

South Africa's GDP grew 0.5 percent in Q1 2026, a sixth straight quarter of growth, days after Fitch's first upgrade in 21 years. The rare bright spot for a BRICS economy lands

June 9, 2026

Business·Economy·News

A United States Social Security card, representing retirement benefits

Social Security Retirement Fund Will Run Dry in 2032, a Year Earlier

The fund that pays America's retirement benefits will run dry in late 2032, a year earlier than forecast, the Social Security trustees said Tuesday, with the program's own actuary pointing in part

June 9, 2026

Economy·Government and Politics·News

US President Donald Trump, whose global tariffs were ruled illegal by the Supreme Court

US Must Refund $175 Billion in Trump Tariffs, and His Team Is Fighting It

After the Supreme Court ruled Donald Trump's global tariffs illegal, the US faces refunding some $175 billion collected from importers. But the administration is fighting to pay back as little as possible,

June 9, 2026

Business·Economy·News

North Korean leader Kim Jong Un speaks at the Ninth Congress of the Workers' Party in Pyongyang

North Korea’s Economy Is Booming, Powered by Russia and China

North Korea is in the middle of its strongest economic run since Kim Jong Un took power, with manufacturing at a 25-year high and a construction boom remaking Pyongyang. Far from the

June 9, 2026

Business·Economy·News

US Capitol Police officer stands guard outside the House of Representatives on Capitol Hill, Washington DC

Senate’s Crypto Bill Has Five Corruption Holes. The Floor Vote Is the Last Chance to Close Them

The Digital Asset Market Clarity Act is headed to the Senate floor with five documented gaps that leave U.S. markets exposed to North Korean hackers, Iranian sanctions evasion, and a sitting president

July 2, 2026

Business·Economy·Government and Politics·News·Technology

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

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

European Commission President Ursula von der Leyen at a Brussels press conference presenting EU sanctions against Russia

EU Proposes Ban on Sale of LNG Tankers to Russia in 21st Sanctions Package

The European Commission proposed a ban on selling LNG tankers to Russia as part of its 21st sanctions package unveiled Tuesday, closing the fleet-replenishment loophole that Brussels deliberately left open in April.

June 9, 2026

Business·Conflicts, Military and War·Economy·News

Dmitry Medvedev at a Kremlin meeting, Russian Security Council Deputy Chairman

Russia’s GDP Grew Over 10% in Three Years, Medvedev Says, as Manufacturing Displaces Oil

Security Council Deputy Chairman Dmitry Medvedev said Russia's gross domestic product has expanded by more than 10% over the past three years, with mechanical engineering and industrial production — not raw materials

June 9, 2026

Business·Conflicts, Military and War·Economy·News

EU flag outside the European Commission headquarters as Brussels proposes to freeze Russia oil price cap at $44.10 per barrel

EU to Propose Freezing Russia Oil Price Cap at $44.10 Per Barrel for Six Months

The European Union is set to propose keeping the G7 price cap on Russian crude oil frozen at $44.10 per barrel for six more months, blocking an automatic formula-driven increase that would

June 9, 2026

Business·Conflicts, Military and War·Economy·News

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Economy- Page 16

Volkswagen Board Weighs 100,000 Layoffs in Germany’s Largest Industrial Contraction

US Gasoline Prices Snap 50-Day Slide as Iran Escalation Rattles Energy Markets

Best savings account checklist: 10 factors to evaluate in 2026

Russia Bans Diesel Exports as Ukraine Drones Strike 21 Vessels, Halt Omsk Refinery

South Africa’s Economy Turns a Corner as Fitch Ends 21-Year Wait

US Must Refund $175 Billion in Trump Tariffs, and His Team Is Fighting It

North Korea’s Economy Is Booming, Powered by Russia and China

Senate’s Crypto Bill Has Five Corruption Holes. The Floor Vote Is the Last Chance to Close Them

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

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

EU Proposes Ban on Sale of LNG Tankers to Russia in 21st Sanctions Package

Russia’s GDP Grew Over 10% in Three Years, Medvedev Says, as Manufacturing Displaces Oil

EU to Propose Freezing Russia Oil Price Cap at $44.10 Per Barrel for Six Months

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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