UAE leaves OPEC in blow to oil cartel during war on Iran
Announcement comes as Gulf producers are already struggling to ship exports through the Strait of Hormuz.
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Canada’s Carney announces a sovereign wealth fund
The prime minister says the federal government will put up money alongside private investors to fund major projects.
From Australia to Vietnam, the Iran war is fuelling demand for EVs
Electric vehicle sales are surging in many markets as conflict drives up the cost of running petrol and diesel vehicles.
Taiwan court hands down jail terms in TSMC trade secrets case
Ex-Tokyo Electron employee sentenced to 10 years, four other defendants receive between 10 months and six years.
Oil prices rise amid stalled US-Iran peace talks
Brent crude rises more than 2 percent after Washington and Tehran fail to hold second round of talks in Pakistan.
Iran shifts economic focus to essentials during war uncertainty
The government is partly reversing a currency decision for basic items and tapping into the country’s sovereign fund.
OpenAI’s Sam Altman apologises over failure to report Canadian mass shooter
Tech firm suspended mass shooter’s ChatGPT account before attacks, but did not inform law enforcement.
Capture of ships by US, Iran violates international law, shipping body says
US and Iran should immediately release crews of captured vessels, says International Chamber of Shipping director.
Joy and desire for change as Gaza’s Deir el-Balah holds elections
Deir el-Balah residents vote for first time since 2006 despite destruction, displacement and genocide.
US Justice Department drops criminal probe of Fed chair Jerome Powell
The announcement on Friday is expected to clear the path for the confirmation of his successor, Kevin Warsh.
Trump government extends Jones Act waiver by 90 days to dampen oil prices
Move is part of a broader US push to curb politically sensitive fuel price spikes before November’s midterm elections.
