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U.S. National Debt Crosses $40 Trillion as Boomer-Era Policies Drive 81% of Future Spending GrowthBillionaire Igor Tulchinsky Donates £5M to British Museum's Bayeux Tapestry Show — the Biggest European Exhibition of 2026Oil Hits $99.85 a Barrel — Up More Than $33 in a YearMystery Nonprofit Drops $2M Bitcoin Ad Blitz in the Wall Street Journal — and Nobody Will Say Who's PayingHunter Biden Launches $LAPTOP Meme Coin — 1 Billion Tokens, 30% Kept by FoundersAdaptability Over Forecasting: Top Executives Declare Certainty a Dead StrategyGavekal's Gave: Chinese Bonds Offer Safe Haven as U.S. Debt Hits $40 TrillionCanada Reroutes $10B in Oil East as U.S. Tariffs Hit 50%Macau Bets $16 Billion to Reinvent Itself as a Business City by 2030Peru's Inflation-Targeting Model Cannot Fix Venezuela — Here's WhyU.S. National Debt Crosses $40 Trillion as Boomer-Era Policies Drive 81% of Future Spending GrowthBillionaire Igor Tulchinsky Donates £5M to British Museum's Bayeux Tapestry Show — the Biggest European Exhibition of 2026Oil Hits $99.85 a Barrel — Up More Than $33 in a YearMystery Nonprofit Drops $2M Bitcoin Ad Blitz in the Wall Street Journal — and Nobody Will Say Who's PayingHunter Biden Launches $LAPTOP Meme Coin — 1 Billion Tokens, 30% Kept by FoundersAdaptability Over Forecasting: Top Executives Declare Certainty a Dead StrategyGavekal's Gave: Chinese Bonds Offer Safe Haven as U.S. Debt Hits $40 TrillionCanada Reroutes $10B in Oil East as U.S. Tariffs Hit 50%Macau Bets $16 Billion to Reinvent Itself as a Business City by 2030Peru's Inflation-Targeting Model Cannot Fix Venezuela — Here's Why
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The World

Gavekal's Gave: Chinese Bonds Offer Safe Haven as U.S. Debt Hits $40 Trillion

At the Fortune Leaders Forum in Macau on Sept. 8, 2026, economist Louis-Vincent Gave argued that geopolitical turbulence is pushing investors toward Chinese government bonds — not because yields are higher, but because the returns have been 'very good' while U.S. Treasuries have delivered 'horrible returns.'
2026-09-09
The World

Canada Reroutes $10B in Oil East as U.S. Tariffs Hit 50%

With Washington imposing 50% duties on Canadian goods and declining to renew USMCA, Ottawa is accelerating a long-overdue pivot to Asia — but awareness gaps on both sides of the Pacific threaten to slow the capital flows.
2026-09-09
The World

Macau Bets $16 Billion to Reinvent Itself as a Business City by 2030

Gaming still drives 45% of GDP and 80% of tax revenue, but Macau's new five-year plan commits 130 billion patacas to emerging industries — and Las Vegas is the unlikely blueprint.
2026-09-09
The World

Peru's Inflation-Targeting Model Cannot Fix Venezuela — Here's Why

Economists Hanke and Ocampo warn that copying Peru's monetary system would be 'not only mistaken, but dangerous' for Venezuela, whose populist institutions cannot sustain the rules-based discipline the model demands.
2026-09-09
The World

China's Exports Surge 25%, Trade Surplus Hits $119.1B in August as Semiconductor Shipments Jump 130%

Beijing's aggressive push up the value chain — from EVs to AI infrastructure — is widening a record trade imbalance that 19 of 20 G20 nations now call a global problem. China was the only dissenter.
2026-09-08
The World

AfD's 35-Year-Old Face Delivers Party's Best-Ever Election Result in Eastern Germany

Ulrich Siegmund led the Alternative for Germany to a resounding win in Saxony-Anhalt, falling just short of a majority as voters rewarded a hard line on immigration and nostalgia for stability over Berlin's establishment consensus.
2026-09-07
The World

Indonesian Volcano Grounds 1,558 Flights, Stranding 170,000 Travelers

Anak Krakatau's eruption forced Jakarta's main airport and seven others to shut down, leaving airlines and passengers to absorb the cost of a natural disaster with no government bailout in sight.
2026-09-07
The World

Hong Kong Jockey Club Tops Asia's Philanthropy Charts With $774 Million a Year in Private Capital, No State Funding Required

A new Bridgespan Group report finds Asia's family-run conglomerates give through their own businesses rather than detached foundations, keeping capital and control in the same hands even after the checks go out.
2026-09-07
The World

China's Record $1.2 Trillion Trade Surplus Sets Up a Global Reckoning, Ex-Trade Official Warns

Beijing's subsidized export machine is nearing the limits of what the world can absorb, and the cleanup will likely land on the United States, according to former U.S. Trade Representative Michael Froman.
2026-09-07
The World

Kushner and Witkoff Land in Kyiv as Peace Talks Stall More Than 4½ Years Into Russia's War

The U.S. envoys arrived in Ukraine's capital a day after inconclusive talks with Vladimir Putin in Moscow, where Russian officials said 'mutually beneficial' economic projects with Washington were discussed in considerable detail. Zelenskyy said Kyiv is ready for a 'constructive' conversation, but fighting along the 775-mile front line continued overnight.
2026-09-06
The World

Iran's Rial Collapses to 2.2 Million Per Dollar as U.S. 'Economic D-Day' Tightens the Noose

Inflation above 80%, gas rationed to a two-month supply, and trade down as much as 35% — Tehran's own leadership now admits the sanctions regime is working, even as it braces for more unrest.
2026-09-06
The World

Two Aerospace Veterans Cash In 30-Year Careers, Then Choose Disney Paychecks Over Idle Retirement

After decades building wealth at Northrop Grumman and Raytheon, brothers Jerry and Peter Wong didn't need a second job. They took one anyway, on their own terms.
2026-09-06
The World

AI Food Photos Draw 2.8 Million Views in Backlash as Small Restaurants Cut Costs, Not Corners on the Law

Generative-AI menu images are spreading fast because they are cheap, but a viral consumer backlash—and a 1965 Supreme Court precedent—show the market and existing false-advertising law are already policing the trend without a new regulator in sight.
2026-09-06
The World

Only Two of ASEAN's 11 Nations Join Washington's AI Bloc as Beijing's Rival Draws 29

China's WAICO already counts 29 founding members while the U.S.-led Pax Silica has landed just Singapore and the Philippines, as Malaysia, Indonesia and Thailand hedge between rule-of-law partners and subsidized Chinese AI.
2026-09-06
The World

Snake Charmer Who Ran Eight Shows a Day at Coney Island Lands Her Third Met Opera Role

A boa constrictor named Princess beat out three rivals for a part in the Met's Mozart revival, proof that even reptiles have to earn their spot on one of the world's toughest stages.
2026-09-06
The World

U.S. Strikes Three Iranian Tankers After Tehran Targets Navy Warships

Centcom vows an 'even higher economic cost' on the regime's oil network after Iran fired missiles at a Navy carrier and destroyer, a sharp escalation analysts say could reshape the conflict.
2026-09-06
The World

Melenchon's Plan to Torch 18% of French Debt Pushes Bond Spreads Toward Crisis Levels

The far-left frontrunner wants France's central bank to simply cancel its debt holdings so Paris can spend more on social programs; investors are already pricing in the risk, with French yields nearing their widest gap to Germany's since the 2012 debt crisis.
2026-09-06
The World

Denmark Leads Five EU States Toward Offshore Migrant 'Return Hubs' by 2027

Denmark, Germany, the Netherlands, Austria and Greece agreed on a model to send rejected asylum seekers to facilities outside the bloc, a move EU lawmakers only authorized in June after years of legal and political resistance.
2026-09-04
The World

Volkswagen Stock Jumps 6% After Board Finally Clears 50,000 Job Cuts and Four Plant Closures

Investors rewarded CEO Oliver Blume for pushing a hard restructuring past Germany's union-heavy board, a plan the same board had rejected just two months earlier.
2026-09-04
The World

Hong Kong Startup Builds 'Sovereign AI' for $250,000, a Fraction of Big Tech's Billions

From Cantonese to Bahasa Indonesia, entrepreneurs across Asia and the Middle East are proving that market-driven innovation, not government mandates, can free nations from dependence on a single AI supplier.
2026-09-04
The World

Norway Seizes Russian Vessel to Enforce $4.22 Billion Award as Moscow-Berlin Standoff Escalates

While Russia retaliates against Germany by shuttering Goethe-Institut cultural centers, a Norwegian court moved to seize a Russian ship at Kyiv's request — proof that binding arbitration, not diplomatic theater, is what actually makes Moscow pay for seized property.
2026-09-04
The World

Munich Startup Atira Raises $17.5 Million as Private Capital Tackles a $128 Billion Paperwork Bottleneck

Venture funds, not Brussels mandates, are betting that AI can cut months of industrial quoting bureaucracy down to days — a bet already paying off for early customers.
2026-09-03
The World

Japan Requests $55.6 Billion Defense Budget, Turns to AI and Underwater Drones to Counter Beijing

Tokyo's new request keeps spending roughly flat year over year but signals a deeper shift: state-run factories and AI command systems built to blunt China's regional ambitions.
2026-09-01
The World

Asia's $10 Trillion Wealth Shift Rewards Self-Reliance Over Inheritance

A new industry survey of 9,000 adults across nine Asian markets finds savers increasingly choosing to fund their own long retirements rather than maximize what they leave heirs — even as most keep their capital parked in cash and government bonds instead of markets.
2026-09-01
The World

Trump's Venezuela Deal Puts Pentagon in Control of 65 Billion Oil Barrels

The White House calls it the 'biggest oil deal in world history,' but energy analysts say the arrangement, funneled through a politically connected Venezuelan businessman, looks more like a state-brokered favor than a free market.
2026-09-01
The World

Nepal Floods Wipe Out 10% of Power Capacity as Nearly 900 Workers Go Missing

Catastrophic flooding destroyed hydropower plants across central Nepal, and disaster analysts warn the country's national reserve fund covers only a fraction of the roughly $760 million a year the nation loses to such events.
2026-08-31
The World

Tiny Palau, Population 18,000, Becomes the Stage for a US-China Power Contest

As the Pacific Islands Forum opens on an island with no traffic lights, Beijing's missile test and checkbook diplomacy are testing whether small, market-friendly democracies can hold the line against an authoritarian rival.
2026-08-31
The World

One in Four Singles Call LinkedIn 'Fair Game' for Dating as Users Build Their Own Vetting Market

A new survey finds daters increasingly treat LinkedIn as a background-check tool, bypassing dating apps' unreliable profiles even as the platform bans romantic pursuit outright.
2026-08-31
The World

Iran's Economy Craters as U.S. Blockade Sinks Crude Exports Over 80%, President Admits Missiles 'Are of No Use'

Tehran's own president concedes inflation above 80% and a shrinking economy as Washington's naval blockade chokes trade and oil exports collapse — vindication for a pressure campaign critics said would fail.
2026-08-31
The World

Trump-Backed Deal Hands U.S. a 55% Stake in Venezuela's 65 Billion Barrels

A new company formed by Washington and a private Venezuelan operator claims rights to 17 oil fields for a century, with Secretary of State Marco Rubio among the negotiators — even as ordinary Venezuelans and a former planning minister call the arrangement a bid by Caracas to cling to power.
2026-08-30
The World

South Korea's Chip Boom Enriches Corporations While Consumption Stalls Near 2019 Levels

Samsung and SK Hynix workers are collecting $400,000 bonuses and the KOSPI is up almost 60% this year, but Goldman Sachs warns South Korea's demographic collapse is choking off the household spending that should follow the boom.
2026-08-30
The World

Drought Drains Europe's Fish Farms, Costing Producers Millions in Losses

Extreme heat and low rainfall have wiped out fish stocks from Hungary to Bosnia, with Budapest's own ministry citing nearly 280 metric tons dead and $4.2 million in lost revenue. The damage exposes how government irrigation priorities left private fish farmers to absorb the cost.
2026-08-30
The World

Treasury's 'Economic D-Day' Squeezes Iran as Inflation Tops 80%

Washington is choking off Tehran's access to gold, crypto, and the dollar system, and the numbers show a regime economy in free fall even as workers take to the streets.
2026-08-30
The World

Ontario Premier Erects 24-Foot Sign to Defy Trump's 'Lake America' Order

Doug Ford unveiled a two-story billboard reading 'Lake Ontario. Now and Always.' as trade talks between Washington and Ottawa collapsed and Canada prepared retaliatory tariffs.
2026-08-29
The World

Dolly Parton's $650 Million Empire Traces Back to One Refusal: She Wouldn't Sell Her Copyright to Elvis

The country icon turned down The King himself rather than surrender half her publishing rights, a decision that helped grow her catalog into a $150 million asset and her fortune to an estimated $650 million.
2026-08-29
The World

At 55, a PR Veteran Trades 30 Years in Tech for a Charter School Classroom of 900 Grads

Bret Clement walked away from the agency he built to teach entrepreneurship at a Denver charter network where every senior leaves with a real plan — not a bureaucratic mandate, but a choice.
2026-08-29
The World

Asia Slashes Middle East Oil Exposure as Hormuz Threat Cuts Chokepoint Reliance to 10%

Six months after Iran's blockade threat shook energy markets, private capital, not government mandates, is rewriting Asia's supply lines through new pipelines, ports and LNG ventures.
2026-08-29
The World

Europe's Defense Sector Hits £36.5bn as Industry Hunts Its Own 'NASA Moment'

U.K. defense turnover surged 42% since 2022 and EU output climbed 60% since 2021 — now the sector wants credit for the civilian technologies it quietly bankrolls.
2026-08-27
The World

Hong Kong Startup Builds Cantonese AI Model for 80 Million Speakers Locked Out of the English-Mandarin Duopoly

Votee AI is retraining open-weight models on Cantonese data at roughly $250,000 a run — a fraction of frontier costs — and selling the result to banks, universities, and government departments that can't afford to depend on Beijing or Silicon Valley.
2026-08-27
The World

Brent Drops to $85 as Iran-Oman Framework Emerges — But Trump Holds the Key

Oman's foreign minister met his Iranian counterpart to discuss a 'permanent navigational corridor' through the Strait of Hormuz; Iran says it won't reopen until the U.S. honors a June memorandum that includes $300 billion in war reparations.
2026-08-26
The World

IHH Healthcare CEO Bets $6B Revenue Machine on Clinical Longevity, Not Wellness Fads

Prem Kumar Nair is pivoting Asia's largest private hospital group away from acquisitions and toward organic growth, ambulatory care, and science-backed longevity programs — a capital-disciplined bet on a continent where one in four people will be over 65 by 2050.
2026-08-26
The World

Pope Leo XIV Calls AI a Tool of 'Economic Colonialism' — and Wants Regulators to Answer

The pontiff warned the International Catholic Legislators Network that algorithms already exercise 'a subtle form of domination' over public discourse — and called for robust legal frameworks to check the technology industry.
2026-08-26
The World

Stripe Adds Seven Asian Payment Partners as AI-Native Firms Hit $1M Revenue in 11.5 Months

Singapore-based AI startups now enter an average of seven new markets within one year of founding — and Stripe is building the payment rails to keep pace with them.
2026-08-25
The World

Trump Eyes 7.5% Tariff on China to Punish Cheap-Export Flood—Without Blowing Up the Trade Truce

The White House is weighing a calibrated Section 301 levy designed to survive Supreme Court scrutiny while keeping a late-September Xi summit on track.
2026-08-25
The World

Big Bang Theory Star Nayyar Logs 16-Hour Days on a $45 Million Net Worth—and Credits One Word

Kunal Nayyar built a fortune through discipline, not luck. His work routine is a case study in structured output over lifestyle inflation.
2026-08-24
The World

Chinese Robots Clock 9.39 Seconds in the 100-Meter — Beating Bolt's World Record at Beijing's Humanoid Games

More than 2,000 humanoid robots competed in Beijing's World Humanoid Robot Games as China put its robotics dominance on full display — the same week Washington moved to ban Chinese robot imports on national-security grounds.
2026-08-24
The World

U.S. Cattle Border Reopens Aug. 24, 2026 — After a Year-Long Ban That Cost Mexican Ranchers 40% of Their Income

Washington lifts its screwworm-driven livestock ban at the Douglas, Arizona, crossing, but daily caps and new inspection rules will throttle the flow of cattle that both industries desperately need.
2026-08-24
The World

Burry Dumps Alibaba, Calls Stock 50% Overvalued, Pivots to JD.com

The 'Big Short' investor says Alibaba's share issuance and declining returns on invested capital drove him out — and he won't return until the price is cut in half.
2026-08-24
The World

Iran War Could Drag 'Deep Into 2027' as Oil Keeps Leaking Through Hormuz—and Escalation Looms

With 6–10 million barrels a day still moving through a U.S.-patrolled corridor along Oman's coast, neither side feels enough pain to quit—but analysts warn Tehran sees an opening to strike before the midterms.
2026-08-24
The World

Japan's PM Takaichi Logs 0–3 Hours of Sleep, Holes Up in Official Residence — Approval Rating Craters

Prime Minister Sanae Takaichi frames her self-imposed isolation and sleep deprivation as 'efficiency,' but falling support numbers and a restless parliament tell a different story.
2026-08-23
The World

Hanke Says Venezuela Dollarization Would Be Biggest Currency Switch Since the Euro

The Johns Hopkins economist and new National Assembly advisor puts 50%-80% odds on Caracas officially abandoning the bolivar — and predicts a surge of foreign oil investment if it happens.
2026-08-23
The World

Iran's Economy Contracts 6.1%, Inflation Hits 80% as Trump's 'Economic D-Day' Looms

Tehran's own officials are now admitting the U.S. naval blockade has halted oil exports and frozen foreign reserves — and the regime's moderates say time is running out.
2026-08-22
The World

Asia's AI Boom Mints Winners — But Southeast Asia Risks Being Left With a 'Short-Term Blip'

Taiwan posts double-digit GDP growth and South Korea's exports surge 60%, while economists warn Southeast Asia's commodity-tier role in the AI supply chain offers no lasting competitive edge.
2026-08-22
The World

Evergrande Founder Sentenced to Prison as China Moves to Liquidate $300 Billion Debt Wreck

A Shenzhen court handed Hui Kan Yan a life sentence for financial crimes while Guangzhou accepted a bankruptcy liquidation case against the developer's mainland unit — but creditors may recover only single-digit percentages of what they are owed.
2026-08-21
The World

Airwallex Hits $11 Billion Valuation After $320 Million Series H — IPO Still Off the Table

The Melbourne-born fintech is pivoting from cross-border payments to autonomous finance, but president Lucy Liu says market conditions make a public offering premature.
2026-08-21
The World

London Mayor Puts £36 Billion-a-Year Price Tag on Climate Risk by the 2050s

A new report from Mayor Khan's office projects extreme heat could slash London's GDP by up to £36 billion annually — but the adaptation bill runs as high as £45 billion just for homes.
2026-08-20
The World

Coinbase Plants Its Tokenization Hub in Abu Dhabi as UAE Cements Global Digital-Asset Lead

With a new ADGM license for tokenized securities and over 20 active virtual-asset firms already operating in the emirate, Abu Dhabi is turning regulatory clarity into a magnet for institutional capital.
2026-08-19
The World

Unitree Rockets 460% on Debut, Hits $66B Valuation — but a U.S. Ban Already Clouds the Rally

The Chinese robotics maker raised $900 million on Shanghai's STAR Market and now outvalues every U.S. competitor, including Figure AI. Washington's foreign-robot ban, however, puts 18% of Unitree's revenue directly at risk.
2026-08-19
The World

Iran Squeezes Trump on Two Fronts: Hormuz Stays Shut, Bond Yields Hit 5.28%

With the Strait of Hormuz effectively closed and 30-year Treasury yields at their highest since 2003, Tehran is running a geopolitical clock that expires after the midterms — and Washington's fiscal credibility is paying the price.
2026-08-19
The World

Iran's Hormuz Toll Threat Could Cost the World $20 Billion a Year—and Rewrite Maritime Law

Energy analysts warn that if Iran locks in a fee structure on the Strait of Hormuz, a global domino effect on shipping chokepoints is not a scenario but a business model. Every consumer pays.
2026-08-18
The World

Married 69 Years, Australian Couple Gave Away $20 Million Before Dying 8 Days Apart

Roy and Nola Thompson built a hotel-and-property fortune from nothing and returned it to the Sunshine Coast community — scholarships, hospitals, and a rescue helicopter service included.
2026-08-18
The World

Alibaba Sells $2 Billion Gaming Unit — and the Buyer Is Beijing's Industrial Roadmap

The Lingxi Games divestiture is not a routine portfolio trim; it is a capital reallocation ordered by the same government that has made AI and cloud its national priority.
2026-08-18
The World

AWS Asia Chief Moves to Tokyo as Japan's 'Digital Cliff' Threatens $76B Annual Hit

Jaime Valles, AWS managing director for Asia-Pacific, Japan and China, is relocating to Japan as the country races to replace legacy mainframe systems with cloud infrastructure — and Amazon is betting big on the transition.
2026-08-18
The World

White House 'Great Transshipment Scam' Report Puts $303 Billion Price Tag on Chinese Rerouting Network

The Office of Trade and Manufacturing Policy names 40 economies in a shadow supply-chain scheme that it says costs the U.S. up to $89.6 billion in illegal trade annually — and Beijing, Brussels and Singapore are already firing back.
2026-08-17
The World

Iran Declares 'Fully Offensive' Posture as U.S. Naval Blockade Tightens Economic Chokehold

Tehran warns of a 'timely and precise' strike to break the Strait of Hormuz blockade unless Washington implements the June ceasefire deal — and Iranian officials say the real war has not yet begun.
2026-08-17
The World

Lula Triggers Reciprocity Law as U.S. Tariffs Hit Brazilian Exports at Up to 37.5%

Brazil's president invoked a legal retaliation mechanism Friday, but Rubio's measured response signals Washington is leaving the door open — on its own terms.
2026-08-17
The World

Japan Shifts Work Hours and Deploys Robots as 102°F Heat Tests Its Climate-Adaptation Edge

While U.S. companies go quiet on climate risk, Japanese employers are already rescheduling construction shifts, installing rail-station cooling rooms, and leaning on robotics — a real-world playbook capital markets cannot ignore.
2026-08-17
The World

U.S. Blockade Squeezes Iran's Oil Revenue — But Tehran Is Signaling It Won't Stay Quiet

A naval stalemate in the Strait of Hormuz is bleeding Iran's economy dry, yet American forces face their own readiness strains — and Iran's own chamber of commerce is urging the regime to act at any cost.
2026-08-16
The World

Mexico Avocado Exports Resume After U.S. Security Alert Lifted — But 200,000 Jobs Hung on Washington's Call

Eight days after a U.S. security alert froze Michoacán's avocado industry, exports restarted — exposing how cartel violence and federal decisions in Washington can instantly idle a quarter-million workers.
2026-08-16
The World

Bushnell: 'Even in the Age of AI, Only a Human Being Can Really Do' Writing

The 'Sex and the City' creator pushes back on the brand-machine model and argues that originality — not strategy — is what makes creative work last.
2026-08-16
The World

Microsoft VP: Southern Europe's AI Race Will Be Won on Skills, Not Models

Charles Calestroupat, Microsoft's Vice President for Southern Europe, says 100,000 people trained and Greece ranked No. 1 in Gen Z AI adoption — but a yawning skills gap between executives and workers threatens to stall the region's productivity leap.
2026-08-16
The World

Iran-Oman Shipping Map Edges Toward Deal as Brent Surges 6% and Hormuz Attacks Multiply

Tehran and Muscat are closing in on a bilateral accord to govern strait traffic — but Iran's foreign minister says reopening Hormuz is a separate matter entirely, and Washington was not at the table.
2026-08-15
The World

U.S. Military Keeps 9 Million Barrels a Day Moving Through Hormuz — Iran's Blockade Is Leaking

Energy Secretary Wright says the seven-day average out of the strait is nearly 9 million barrels per day; combined with pipeline flows, total Gulf exports reach roughly 15 million barrels daily — well below pre-war levels but enough to buy Washington time.
2026-08-14
The World

American AI Models Carry Beijing's Fingerprints, Peer-Reviewed Study Finds

A Nature-published study shows GPT-4o and Claude Opus gave Beijing-friendly answers up to 88% of the time when queried in Chinese — raising hard questions about what is actually inside the training data powering the West's leading AI products.
2026-08-14
The World

DeepSeek Hikes AI Prices More Than 4x — But Still Undercuts Western Rivals

The Hangzhou-based lab raises its V4-Flash output rate from $0.28 to $1.32 per million tokens at peak hours, effective Aug. 16 — yet Anthropic's comparable service still charges $50.
2026-08-13
The World

Trump Deploys 'Operation Economic Fury' as Iran Absorbs Six Months of Bombing

With munitions running short and the military campaign stalled, the administration bets that Secretary Bessent's sanctions regime and a naval blockade — not Hegseth's bombs — will break Tehran's economy.
2026-08-13
The World

Philippines Imports 98% of Its Oil From the Gulf — Prime Infra CEO Says the Answer Is 'Power of All Sorts'

With a year-long national energy emergency still in force after the U.S.-Iran war shut the Strait of Hormuz, Prime Infra CEO Guillaume Lucci is betting on a diversified, all-of-the-above energy portfolio — not ideological purity — to keep the lights on.
2026-08-13
The World

Gulf Telecom Giants Race to Build $500M Data Highway That Bypasses the Suez Canal

Qatari Ooredoo's Fibre in the Gulf system — the largest subsea cable ever planned for the GCC — targets a 2027 completion, even as war-driven risks block cable ships from the Strait of Hormuz.
2026-08-13
The World

France Fines Unsolicited Telemarketers Up to $87,000 Per Call — and 50,000 Moroccan Jobs Hang in the Balance

Paris has banned all unsolicited marketing calls under a sweeping opt-in law backed by Macron's government, with per-call penalties that could reach $435,000 for companies — and the collateral damage is already landing across the Mediterranean.
2026-08-12
The World

New 'Katsu Curry Index' Puts Dollar at 159 Yen — When Fair Value Says 62

A Bank of New York Mellon strategist built a purchasing-power gauge around Japan's most popular comfort food, and the gap it reveals is staggering. The yen has already surrendered half its intervention-driven gains.
2026-08-12