Shipping in the Strait of Hormuz has plunged following Iran’s announcement that it has closed the waterway once again over Israel’s strikes on Lebanon, according to ship tracking data. A total of 12 vessels crossed the strait on Sunday, down […]
New data show that tanker traffic around the Cape of Good Hope reached a record 24 million deadweight tonnes in the week of 13 April, highlighting what industry analysts describe as a deepening structural shift in global shipping patterns. The […]
Crypto tokens linked to mainstream financial assets could create new risks for investors, the global securities regulator Iosco said in a report on Tuesday, as the finance industry remains split on the merits of “tokenisation”. Tokenisation — the process of […]
Unusually large quantities of antimony, a metal used in batteries, chips and flame retardants, have poured into the United States from Thailand and Mexico since China barred US shipments in 2024. This is according to Customs and shipping records, which show at […]
Treasury Secretary Scott Bessent on Monday said the Trump administration will make “several” trade-related announcements in the next 48 hours, signaling imminent progress even as U.S. tariff deadlines appear to be shifting. Speaking on CNBC’s “Squawk Box,” Bessent also declined, yet again, to rule out […]
Equities were mixed on Tuesday as investors prepare for fourth quarter earnings results from some of world’s most valuable companies. Microsoft and Alphabet will report after the closing bell, giving traders a better understanding of how sustainable the recent market […]
Ivory Coast successfully raised $2.6 billion through two bonds with respective maturities of nine and 13 years in its first return to the international Eurobonds market after two years of absence, the government said in a statement on Tuesday. It […]
The International Monetary Fund has expressed discontent with Kenya’s plan to re-introduce fuel subsidies. This global lender disclosed its concerns about the viability of the scheme, noting that Kenya may not that there is a lack of fund to pay […]
The Indian economy is poised to touch USD 5 trillion next financial year – 2024-25 – and capitalise to double to USD 10 trillion by the end of this decade, said Union Petroleum Minister Hardeep Puri. At present, the Indian […]
The value of Kenya’s exports to Uganda crossed the Ksh100 billion ($618 million) mark for the first time in November 2023, owing to a weak currency that had made the local goods cheaper in the neighbouring country. Official data shows […]
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