Economics

Norbert Tofall Despite the very real structural weaknesses in the U.S. economy, no BRICS+ country – not even China – and not the group as a whole comes close to matching the role of the U.S. dollar in the world economy. The great contradiction Chinese officials like to …

Global markets traded lower Friday as heavy selling in semiconductor shares and escalating US-Iran tensions weighed on investor sentiment. Chipmakers remained under pressure amid concerns over whether massive artificial intelligence investments will generate sufficient returns. Renewed attacks between Washington and Tehran also raised fears of further disruption to …

Mücahithan Avcıoğlu Apple overtook Nvidia on Friday to become the world’s most valuable publicly traded company, as renewed selling pressure on artificial intelligence-related stocks weighed on the chipmaker. Apple’s market capitalization reached approximately $4.9 trillion during intraday trading, narrowly surpassing Nvidia’s valuation of $4.84 trillion. The change at …

On July 17, the Council of the European Union quietly froze the assets of one Russian executive and five companies belonging to a single corporate family, ABS Electro, for supplying electronic components that make Russia’s Shahed and Geran attack drones harder to jam. That was the entire publicly …

By Dan Steinbock Renewed U.S.-Iran hostilities and Israel’s continuing military campaigns reflect rising risks of a wider Middle East conflict and elevated energy and food crises internationally. The United States and Iran traded new attacks overnight into Thursday, intensifying an exchange that has threatened the collapse of their agreement …

Hadi Elis The 2026 NATO Summit may ultimately be remembered not for its official communiqués, but for the questions it raised about the future direction of the Alliance. Beneath the familiar language of transatlantic solidarity, collective defense, and support for Ukraine, a more profound geopolitical shift appears to …

Dr.Nadya Hilmi UN Secretary-General Antonio Guterres , Thailand Prime Minister Anutin Charnvirakul, Chinese President Xi Jinping and Pakistan Deputy Prime Minister Mohammad Ishaq Dar arrive for a group photo before the opening ceremony for the World AI Conference in Shanghai, China, July 17, 2026. Ng Han Guan/Pool via …

On July 14 the crews of the Mombasa and the Al Bahiyah found out. Two UAE-flagged tankers were hit by Iranian cruise missiles in the southern lane, inside Omani territorial waters, according to the Emirati defense ministry. An Indian sailor was killed and eight others were hurt, six …

Owen Kirby The Middle East – for many Western observers – is something akin to Long Covid. One day you believe you are through the worst of it, turning a corner, and the next you are back reliving all the headaches, fatigue and brain fog, short of breath …