Economy- Page 4

Vessels anchored in the Strait of Hormuz off Bandar Abbas in southern Iran as oil prices today push Brent crude above $91 a barrel

Oil Prices Today, August 18, 2026: Brent Above $91 as Trump Rules Out an Extension

Oil prices today, August 18, 2026: Brent crude is above $91 a barrel, rising for a third consecutive session after Donald Trump ruled out extending the interim deal with Iran and threatened

August 18, 2026

by Economy Desk

Germany gas storage facilities at below-average capacity in August 2026 as EU braces for winter energy crisis

Germany Gas Storage at 49.68% Entering Autumn as EU Braces for Worst Winter Since 2022 Crisis

Germany's gas storage stands at 49.68 percent of capacity as of August 17, placing Europe's largest economy 17 percentage points below historical norms with winter approaching and European gas futures trading 41 percent above last year's levels.

August 18, 2026

by Amanda Graham

Proposed Iraq-Syria oil pipeline route bypassing the Strait of Hormuz to the Mediterranean port of Banias

Iraq-Syria Oil Pipeline to Bypass Hormuz Faces $15 Billion Cost, Four-Year Wait

The United States Treasury Secretary Scott Bessent claimed that more than half of Hormuz oil exports

Golden Nugget Atlantic City casino resort interior showing gaming floor upgrades

Atlantic City Casino Revenue July 2026: Internet Gaming Record Fuels Second-Best Month in a Decade

Atlantic City's nine casino hotels generated $678.1 million in total gaming revenue in July 2026, second-highest

Russian Arctic LNG carrier vessel transporting liquefied natural gas

South Korea Asks UK for Exemption From New Sanctions on Russian LNG – Reports

South Korea's trade ministry formally asked London for an exemption from incoming UK restrictions on Russian LNG Wednesday, citing Korea Gas Corp's Sakhalin-2 contract running to March 2028. Seoul is seeking the

August 7, 2026

Business·Economy·News

Who Is Eligible for PMAY 2.0 in 2026 – Income, Property and Family Conditions Decoded

The Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) serves as India’s primary state-backed mechanism for expanding affordable housing access across urban centers. Operating through a structured framework of subsidies, grants,

August 6, 2026

Business·Economy·Features

Cinderella Castle at Walt Disney World Magic Kingdom Disney Parks Q3 2026

Disney Parks Revenue Nears $10 Billion in Q3 as Streaming Profit Doubles

Walt Disney Co. topped third-quarter earnings estimates as its Parks division approached $10 billion in revenue and streaming profit hit $712 million, more than double the year-prior figure. Toy Story 5 and

August 5, 2026

Business·Economy·News

EA headquarters in Redwood City California after Saudi Arabia Public Investment Fund completed the 55 billion dollar takeover of Electronic Arts

Saudi Arabia Completes $55 Billion Takeover of Electronic Arts

Saudi Arabia's PIF closed its $55 billion takeover of Electronic Arts on August 4, 2026, creating the largest leveraged buyout in history. The deal takes EA private, raises questions about LGBTQ content

August 5, 2026

Business·Economy·News·Technology

Lucid Air 2022 electric vehicle in light metallic finish shown at an automotive showcase

Lucid CEO Unveils $1.4 Billion Reset as Midsize EV Delay Tests Patience of Saudi Backers

Lucid Motors posted Q2 2026 revenue of $405 million, up 56%, as CEO Silvio Napoli unveiled a $1.4 billion cash-flow reset through inventory cuts and capex reductions. The midsize EV remains in

August 5, 2026

Business·Economy·News

Palantir CEO Alex Karp speaking at World Economic Forum Davos panel with Ecuador President

Palantir Revenue Hits $1.9 Billion With 93% Jump as AI Sovereignty Demand Explodes

Palantir Technologies reported Q2 2026 revenue of $1.935 billion, a 93 percent year-over-year surge, as US commercial business grew 149 percent to $764 million on surging enterprise AI demand. The company raised

August 5, 2026

Business·Economy·Markets·News

Procter & Gamble Acquires Thorne for $3.8 Billion, Betting on Supplement Boom

Procter & Gamble announced it will acquire Thorne, a science-backed supplement brand trusted by practitioners, for $3.8 billion. The deal is P&G's largest health care bet in years, targeting younger consumers driving

August 5, 2026

Business·Economy·News

McDonald's golden arches sign against a blue sky, representing the chain's Q2 2026 earnings report showing slowing US same-store sales and a new US president appointment

McDonald’s Names New US Chief as Consumer Traffic Slows in Second Quarter

McDonald's named Skye Anderson as US president after domestic same-store sales slowed to 0.8 percent in the second quarter, a sharp deceleration that exposed deepening consumer caution across American households as gas

August 4, 2026

Business·Economy·News

U.S. Treasury Secretary Scott Bessent speaks to reporters in Washington D.C. on Hormuz deal talks with Iran

Wall Street Hits Record as Bessent Claims Iran Hormuz Deal Is Hours Away

Treasury Secretary Scott Bessent declared Tuesday that a Hormuz deal with Iran could come within hours, sending the S&P 500 to an all-time record and the Dow Jones up 722 points. Iran's

August 4, 2026

Business·Conflicts, Military and War·Economy·News

Palantir’s ‘Otherworldly’ Quarter: $1.9B Revenue as AI Sovereignty Drive Pays Off

Palantir Technologies posted $1.935 billion in Q2 2026 revenue, up 93 percent, as US commercial AI contracts surged 149 percent. CEO Alex Karp called the quarter 'otherworldly,' even as Western allies have

August 4, 2026

Business·Economy·News

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Economy- Page 4

Oil Prices Today, August 18, 2026: Brent Above $91 as Trump Rules Out an Extension

Germany Gas Storage at 49.68% Entering Autumn as EU Braces for Worst Winter Since 2022 Crisis

Iraq-Syria Oil Pipeline to Bypass Hormuz Faces $15 Billion Cost, Four-Year Wait

Atlantic City Casino Revenue July 2026: Internet Gaming Record Fuels Second-Best Month in a Decade

South Korea Asks UK for Exemption From New Sanctions on Russian LNG – Reports

Who Is Eligible for PMAY 2.0 in 2026 – Income, Property and Family Conditions Decoded

Disney Parks Revenue Nears $10 Billion in Q3 as Streaming Profit Doubles

Saudi Arabia Completes $55 Billion Takeover of Electronic Arts

Lucid CEO Unveils $1.4 Billion Reset as Midsize EV Delay Tests Patience of Saudi Backers

Palantir Revenue Hits $1.9 Billion With 93% Jump as AI Sovereignty Demand Explodes

Procter & Gamble Acquires Thorne for $3.8 Billion, Betting on Supplement Boom

McDonald’s Names New US Chief as Consumer Traffic Slows in Second Quarter

Wall Street Hits Record as Bessent Claims Iran Hormuz Deal Is Hours Away

Palantir’s ‘Otherworldly’ Quarter: $1.9B Revenue as AI Sovereignty Drive Pays Off

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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