Defence giants Lockheed and Northrop see billion-dollar deals as Pentagon accelerates missile arsenal production Published On 3 Aug 20263 Aug 2026 The United States Department of Defense penned a new deal with defence giants Lockheed Martin and Northrop Grumman in an effort to ramp up production capacity for parts used in missile defence systems. The…
US President Donald Trump says helping to bolster the Japanese currency is a sign of friendship. Published On 3 Aug 20263 Aug 2026 Japan and the United States have confirmed a rare, coordinated yen-buying intervention to halt the Japanese currency’s slide to 40-year lows, with Tokyo signalling it is willing to take further action if…
The price of Brent crude has reached its lowest since February 27, before the war started. Published On 25 Jun 202625 Jun 2026 Oil prices have extended their decline to levels last seen before the start of the Iran war, as expectations of rising supply from the Middle East outweighed demand concerns. Prompt-month Brent crude…
Guelb er-Richat, Adrar Region, Mauritania – From inside her thatch-roof tent, Fatima Cheikh Mohammad Bouya scans the vast, rocky landscape outside, hoping to catch sight of approaching guests, ideally travellers looking to stay the night. The 49-year-old is custodian of one of Africa’s most striking natural landmarks, the Richat Structure, also known as the “Eye…
Officials say pirates have become emboldened as naval forces patrolling the Red Sea area are distracted by the blockade of the Strait of Hormuz and civilian maritime routes diverted. Published On 2 May 20262 May 2026 Yemen’s Coast Guard has said that it is attempting to recover an oil tanker that was hijacked off the…
US president says EU ‘not complying’ with current trade deal; launches latest tariffs amid global economic uncertainty. Published On 1 May 20261 May 2026 United States President Donald Trump has said he will increase tariffs on automobiles from the European Union to 25 per cent. The announcement on Friday could jolt the world economy at a…
More commercial flights have been departing from Iran’s largest airport following its reopening last week. Iranian authorities announced the resumption of flights at Imam Khomeini international airport after approximately 58 days of suspension since the launch of the US-Israel war on Iran. Flight information boards also went offline after the closure of Iran’s airspace. Recommended…
As Iran stares down the economic consequences of a prolonged blockade of the Strait of Hormuz, attention is shifting north. With Gulf shipping lanes disrupted and oil exports constrained, Tehran may seek to depend less on the Gulf and more on a patchwork of railways, Caspian ports and sanctions-era trade networks linking it to Russia….
Brent crude rises more than 2 percent after Washington and Tehran fail to hold second round of talks in Pakistan. Published On 27 Apr 202627 Apr 2026 Oil prices have climbed higher amid stalled peace talks between the United States and Iran. Brent crude rose more than 2 percent on Sunday after hopes for a…
