Economy- Page 7

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,

Oil tankers in the Gulf as Brent crude crosses $90 amid US-Iran war escalation

Brent Crude Crosses $90 and US Gas Returns to $4 as US-Iran War Enters Ninth Night

Brent crude topped $90.32 on Monday as US forces completed a ninth night of Iran strikes, and AAA reported the national gasoline average returned to $4 per gallon. Goldman Sachs warned clients

July 20, 2026

Business·Conflicts, Military and War·Economy·News

A home for sale sign in the US as pending home sales fell 5.4% in June 2026

US Pending Home Sales Fall 5.4% in June as Mortgage Rates Keep Buyers Away

The National Association of Realtors reported a 5.4% decline in pending home sales in June, as mortgage rates near 6.6% and median home prices at an all-time high of $440,600 kept buyers

July 20, 2026

Business·Economy·News·Real Estate

Lufthansa plane at Frankfurt Airport representing Germany emigration trends

Germany’s Top Earners Are Fleeing as Tax Burden and Pay Gap Drive Emigration

More than half of Germany's highest earners have explored working abroad in the past year, with 54 percent applying for foreign positions or researching international markets. An Indeed survey shows taxes, wages,

July 20, 2026

Business·Economy·News

European residential housing market showing home sales recovery across 17 of 20 EU countries in 2025

Home Sales Rose in 17 of 20 European Countries in 2025, Led by Slovenia’s 30% Surge

Home sales climbed in 17 of 20 European countries in 2025, with Slovenia's 29.9% jump leading the recovery as lower borrowing costs lifted demand across the continent. France hit one million transactions

July 19, 2026

Business·Economy·News

Germany emigration economy brain drain workers abroad survey

Half of Germany’s Top Earners Explored Jobs Abroad Last Year, Survey Finds

An Indeed survey found 54 percent of Germany's highest earners, those taking home more than 6,000 euros monthly, actively explored job opportunities abroad in the past year. Germany already posts a net

July 19, 2026

Business·Economy·News

Oil tanker at sea representing Iran crude oil exports during US sanctions waiver period

Iran Exported $5-6 Billion in Oil During Two-Week US Sanctions Waiver, Tanker Data Shows

Iran exported 70 million barrels of crude worth $5-6 billion to Asia during a 16-day US Treasury sanctions waiver that ran June 22 to July 7. Washington terminated the OFAC license without

July 19, 2026

Business·Economy·News

FAA Restores Boeing’s Self-Certification for 737 MAX and 787 Jets, Starting July 20

The FAA will allow Boeing to resume issuing airworthiness certificates for 737 MAX and 787 jets starting July 20 after eight months of shared inspections showed comparable quality results. FAA monitoring and

July 18, 2026

Business·Economy·News

Iraqi Prime Minister Ali al-Zaidi at the US-Iraq Washington business summit 2026

Iraq Signs $60bn in Energy Deals With Chevron, Plans Pipeline to Bypass Hormuz

Iraq signed over $60 billion in preliminary deals at a Washington summit Thursday, headlined by Chevron's agreement to rebuild the Kirkuk-Baniyas pipeline through Syria and give Baghdad an oil route bypassing the

July 18, 2026

Business·Economy·News

Why Offshore Financial Havens Still Shape Global Political Leverage

Offshore financial centres rarely make front-page news the way summits or sanctions packages do. Yet these jurisdictions quietly determine how trillions of dollars move, how ships are registered, and how corporate profits

July 17, 2026

Business·Economy·Features

Oil pipeline terminal at Turkey's Ceyhan port representing the broader Kirkuk pipeline infrastructure corridor linking Iraqi oil to the Mediterranean

US and Chevron Back Iraq-Syria Pipeline to Bypass Strait of Hormuz

Iraq's oil exports have collapsed 60 percent since the Hormuz closure, costing Baghdad hundreds of millions of dollars weekly. The US and Chevron are backing a $4.5-8 billion revival of the Kirkuk-Baniyas

July 17, 2026

Business·Economy·News

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Economy- Page 7

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.

Brent Crude Crosses $90 and US Gas Returns to $4 as US-Iran War Enters Ninth Night

US Pending Home Sales Fall 5.4% in June as Mortgage Rates Keep Buyers Away

Germany’s Top Earners Are Fleeing as Tax Burden and Pay Gap Drive Emigration

Home Sales Rose in 17 of 20 European Countries in 2025, Led by Slovenia’s 30% Surge

Half of Germany’s Top Earners Explored Jobs Abroad Last Year, Survey Finds

Iran Exported $5-6 Billion in Oil During Two-Week US Sanctions Waiver, Tanker Data Shows

FAA Restores Boeing’s Self-Certification for 737 MAX and 787 Jets, Starting July 20

Iraq Signs $60bn in Energy Deals With Chevron, Plans Pipeline to Bypass Hormuz

Why Offshore Financial Havens Still Shape Global Political Leverage

US and Chevron Back Iraq-Syria Pipeline to Bypass Strait of Hormuz

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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