Economy- Page 26

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

by Economy Desk

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 southern route since July 7, pushing Brent crude

July 10, 2026

by Economy Desk

PepsiCo Beats Revenue but Warns of Inflationary Pressures Squeezing US Consumers

PepsiCo posted $24.18 billion in second-quarter revenue, beating Wall Street estimates, but core EPS of $2.20

Uzbekistan food processing and metals export facility Central Asia

Uzbekistan Targets $4.5 Billion in Processed Food Exports and $4.2 Billion Metals Drive

Uzbekistan is targeting $4.5 billion in processed food exports this year, rising to $10 billion by

Oil refinery fire amid the Strait of Hormuz energy security crisis as the IEA warns of the biggest energy crisis in modern history

IEA Warns of Biggest Energy Security Crisis in Modern History as Hormuz Shutdown Reshapes Global Investment

The International Energy Agency says the world faces its biggest energy security crisis in modern history as the Strait of Hormuz shutdown drives a record $3.3 trillion in global energy spending and

May 28, 2026

Business·Conflicts, Military and War·Economy·News

Australian banknotes and budget papers as Labor defends its 2026 capital gains tax overhaul

Labor Defends Capital Gains Tax Overhaul as Coalition Vows to Block It

Australia's Labor government is defending its plan to scrap the 50 per cent capital gains tax discount as the Coalition vows to block the budget's centerpiece tax reform.

May 28, 2026

Business·Economy·News

Beef on display at a Beijing market as China imposes a 55% tariff on Australian beef imports above quota

Australia Braces for 55% China Beef Tariff as Quota Nears Trigger in Weeks

Australia's red meat industry expects strong US and Southeast Asian demand to cushion the blow as a 55% Chinese beef tariff looms within weeks, once Canberra's 205,000-ton quota is exhausted.

May 28, 2026

Business·Economy·Markets·News

Vladimir Putin and Kassym-Jomart Tokayev during the Russia Kazakhstan state visit in Astana

Russia-Kazakhstan Trade Nears Record $30 Billion as Putin, Tokayev Meet in Astana

Kazakh President Kassym-Jomart Tokayev said trade with Russia is heading toward a record $30 billion as Vladimir Putin opened a rare second state visit to Astana tied to the EAEU summit.

May 28, 2026

Business·Economy·News

Iranian flags and portraits at a ceremony as US strikes and IRGC retaliation push oil prices higher

Oil Jumps 3% as US Strikes and Iran Airbase Retaliation Revive Strait of Hormuz Supply Fears

Brent crude jumped more than 3% to $97.29 a barrel on Thursday after fresh US strikes in Iran and an IRGC claim that it hit a US airbase reignited fears over Strait

May 28, 2026

Business·Economy·Markets·News

Canadian and American flags at the Rainbow Bridge U.S.-Canada border crossing in Niagara Falls

Calgary, Toronto Lead Canada’s Break from US Trade as Ontario Manufacturing Bleeds

A Canadian Chamber of Commerce report finds Calgary and Ottawa-Gatineau grew non-U.S. exports by over 64% in 2025, while Ontario's manufacturing belt faces deepening trade stress and limited diversification momentum.

May 28, 2026

Business·Economy·News

Vessels anchored in the Strait of Hormuz off Bandar Abbas in southern Iran, May 4, 2026

The Hormuz Crisis Has a Second Wave, and It Will Be Felt on Grocery Shelves

Three months after Iran closed the Strait of Hormuz, the oil shock is giving way to a slower, more insidious crisis. Fertilizer flows have stalled, planting calendars are being rewritten, and the

May 28, 2026

Business·Conflicts, Military and War·Economy·News

Micron Technology stock hits $1 trillion market capitalization on NYSE trading floor

Micron Tops $1 Trillion as UBS Triples Price Target on AI Memory Boom

Micron Technology closed above a $1 trillion market capitalization for the first time on May 26, 2026, after UBS analyst Timothy Arcuri tripled his price target on the stock to $1,625, citing

May 28, 2026

Artificial Intelligence·Business·Economy·News·Technology

BP chairman Albert Manifold removed amid governance and conduct controversy

BP Boardroom Chaos Deepens, Albert Manifold Ousted in Stunning Power Struggle

BP has plunged into yet another corporate crisis after the dramatic removal of chairman Albert Manifold, a shock decision that has intensified scrutiny over governance failures, leadership instability, and the oil major’s

May 28, 2026

Business·Economy·News

Wall Street traders monitor Salesforce and Marvell earnings as AI stocks push Nasdaq toward record highs

Wall Street Nears New Records, Salesforce and Marvell Face AI Earnings Test

Wall Street drifted toward fresh record highs on Wednesday as investors prepared for one of the most closely watched earnings sessions of the year, with Salesforce and Marvell Technology expected to deliver

May 27, 2026

Business·Economy·News

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Economy- Page 26

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

PepsiCo Beats Revenue but Warns of Inflationary Pressures Squeezing US Consumers

Uzbekistan Targets $4.5 Billion in Processed Food Exports and $4.2 Billion Metals Drive

IEA Warns of Biggest Energy Security Crisis in Modern History as Hormuz Shutdown Reshapes Global Investment

Labor Defends Capital Gains Tax Overhaul as Coalition Vows to Block It

Australia Braces for 55% China Beef Tariff as Quota Nears Trigger in Weeks

Russia-Kazakhstan Trade Nears Record $30 Billion as Putin, Tokayev Meet in Astana

Oil Jumps 3% as US Strikes and Iran Airbase Retaliation Revive Strait of Hormuz Supply Fears

Calgary, Toronto Lead Canada’s Break from US Trade as Ontario Manufacturing Bleeds

The Hormuz Crisis Has a Second Wave, and It Will Be Felt on Grocery Shelves

Micron Tops $1 Trillion as UBS Triples Price Target on AI Memory Boom

BP Boardroom Chaos Deepens, Albert Manifold Ousted in Stunning Power Struggle

Wall Street Nears New Records, Salesforce and Marvell Face AI Earnings Test

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

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

Landslide Kills 7 Children and a Teacher at Rohingya School in Cox’s Bazar

Economy- Page 26

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