Exclusive

Publication

Byline

Hormuz Is Open. Only a Third of the Ships Are Using It.

New Delhi, July 2 -- DUBAI - Three South Korean supertankers operated by Sinokor entered the Strait of Hormuz empty on June 30. Empty is significant. An empty supertanker is not delivering oil; it is ... Read More


France-Saudi Trade Tops $12bn as French Companies Triple Investment to $5bn

New Delhi, July 2 -- PARIS - Thirty French companies have chosen Riyadh as their Middle East headquarters. Companies do not move regional bases on the strength of a trade statistic. They move them on ... Read More


America Added 57,000 Jobs in June. Leisure and Hospitality Cut 61,000.

WASHINGTON, July 2 -- In June, the hotels are full, the restaurants extend their hours, and the theme parks run their longest shifts of the year. American employers in leisure and hospitality cut 61,0... Read More


Alberta Opens Canada's Second Online Gambling Market to 28 Operators on July 13

New Delhi, July 2 -- On July 13, Alberta residents can open their phone, download any of 28 different gambling apps, and place a legal bet. For the first time. not one provincial operator with a mono... Read More


America's $322 Billion Stablecoin Market Has 16 Days to Learn What Rules It Will Live By

WASHINGTON, July 2 -- Circle Internet Financial, the San Francisco company behind the world's second-largest stablecoin, built a business on something the new rules will prohibit: paying interest. Un... Read More


Ethereum Insiders Launch Nonprofit to Court Banks as ETF Outflows Reach $345 Million

LONDON, July 2 -- The people who built Ethereum are pitching banks on the token. The banks have been selling. A group of Ethereum backers launched Ethereum Institutional on July 1, a nonprofit design... Read More


Bitcoin Clawed Back $61,000 From a 21-Month Low, But the Derivatives Market Is Not Convinced

NEW YORK, July 2 -- The bounce arrived fast and left questions. Within hours of hitting a 21-month low of $57,737 on Tuesday, roughly $1.6 billion in leveraged short positions were forced to cover as ... Read More


EU Raises Fresh Trade Barriers on China as €360bn Deficit Fuels Deindustrialisation

New Delhi, July 2 -- a redundancy notice. A hundred thousand jobs across the Volkswagen Group are marked for elimination, roughly fifteen percent of its global workforce, as the carmaker absorbs the r... Read More


West Asia Crisis Saddled India's State Oil Firms With Rs.74,781 Crore in Fuel Losses

New Delhi, July 2 -- NEW DELHI - India's three state-owned oil marketing companies absorbed Rs.74,781 crore in fuel losses during the West Asia crisis, Oil Minister Hardeep Puri disclosed Thursday, re... Read More


Iran Has Sold 40 Million Barrels at a 20% Premium Since the MoU. The Clock Runs Out August 21.

New Delhi, July 2 -- Iran is selling more oil at higher prices than it could two weeks ago. The US Treasury issued a sweeping sanctions waiver on June 22 authorizing Iranian oil sales through August ... Read More