Bloomberg L.P.
The price of gold fell by 11% in a week due to US and Iranian ultimatums regarding the Strait of Hormuz. The metal's value hovers around $4500.
Exit polls show Robert Golob with a lead over Janez Janša within the margin of error. To form a government, parties will have to engage in complex coalition negotiations.
European Commissioner Dan Jørgensen called on EU countries to start filling storage facilities early to avoid a price surge. Governments are being offered to lower their targets.
Iranian attacks on Qatar's gas processing plant have caused fuel shortages in Europe. EU leaders are calling for a moratorium on attacks on energy facilities.
The new BMW i3 received fast charging for 400 km in 10 minutes and a digital interface. Production of the electric car and hybrid will start at the Munich plant in the autumn.
A study in The Lancet Psychiatry showed a positive effect of semaglutide on mental health. Risks of addictions and anxiety disorders almost halved.
Companies bid for 1. 3 million acres of land during a record US auction. This is the first such sale of licenses in Alaska since 2019.
Brazil has sent shipments of food and medicine to Cuba to support the population. The country is suffering from fuel shortages and regular power outages.
A global IT infrastructure outage at Stryker has blocked the operation of medical robots. Due to the attack on the supplier, hospitals are forced to postpone operations.
The U. S. Army is in the final stages of implementing a hypersonic system. The new weapon is capable of maneuvering at speeds exceeding Mach five.
The Costa Rican authorities are liquidating the diplomatic mission due to a shortage of goods and restrictions on freedom of speech in Cuba. The decision indicates a serious cooling of relations between the countries.
IMF experts, led by Gavin Gray, are discussing macroeconomic and structural changes with the authorities. The priority is the adoption of laws on tax increases.
The war in Iran has blocked the supply of 600,000 barrels of oil daily. African countries are depleting reserves and trying to find alternative fuel sources.
Philippine authorities are negotiating with major fertilizer exporters due to a 40% price increase. A potential shortage threatens rice harvests and banana exports.
Global oil prices surged amid escalation in the Middle East and the threat of a blockade of the Strait of Hormuz. Brent crude exceeded $103.
The price of gold stabilized at $5,001 in anticipation of the Fed's decision. Geopolitical tensions and oil prices support demand for the metal.
Washington will allow foreign companies to operate in Venezuela due to oil shortages and the war. Experts predict only a gradual increase in production.
The vessel is transporting 700,000 barrels of oil to the island after a three-month hiatus. The delivery will only partially alleviate the shortage due to the lengthy refining time.
Cuban authorities have allowed emigrants to invest in the private sector and banks. The country is restoring power after the sixth major blackout this year.
The IMF is concerned about the deputies' delays in raising taxes for businesses and the population. This jeopardizes the receipt of tranches totaling $8.1 billion.
At least 400 people were killed in an airstrike on a drug rehabilitation clinic in Kabul. Pakistan denies attacking civilians and reports the destruction of warehouses.
The United Arab Emirates has suspended air traffic after a drone attack on Dubai Airport. The measure was implemented to protect crews and the country's territory.
Nvidia CEO Jensen Huang announced a rapid increase in demand for AI infrastructure. The company introduced a new Vera processor for computing.
Donald Trump asked China to postpone the meeting for a month to stay in Washington. The reason was the war with Iran and the blockade of the Strait of Hormuz.
HSBC analysts predict elevated gas prices until 2027 due to supply disruptions through the Strait of Hormuz. Europe remains vulnerable to LNG shortages.
A drone attacked a joint venture of ADNOC and Occidental Petroleum in the Rub' al Khali desert. There are no casualties, and emergency services are working at the scene.
The price of a barrel of Urals in Indian ports reached $98. 93 after the US allowed the purchase of crude oil at sea. The discount on Russian oil fell to a minimum.
A serious fire broke out in the port of Fujairah due to a drone attack. The facility is a key hub, supplying 1.7% of the world's daily oil demand.
Saudi Arabia offers customers to receive Arab Light crude oil through the port of Yanbu. Due to pipeline restrictions, buyers will receive only a portion of the volumes.
Giorgia Meloni's government is exploring the possibility of building reactors to lower electricity prices. The authorities are already consulting with international partners and experts.