World Food Prices Reach Three-Year High in July as Weather Extremes and Conflicts Push Costs Higher

World Food Prices Reach Three-Year High in July as Weather Extremes and Conflicts Push Costs Higher

The cost of food around the world continued to climb in July, reaching its highest level in more than three years, according to the United Nations Food and Agriculture Organization (FAO). The increase comes as extreme weather conditions and ongoing conflicts in key agricultural regions continue to disrupt global food production and trade, raising concerns […]

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Iran warns ships crossing Strait of Hormuz without approval may face action

Iran warns ships crossing Strait of Hormuz without approval may face action

Iran’s Revolutionary Guards have issued a stern warning to vessels transiting the Strait of Hormuz, saying any ship crossing the strategic waterway without authorisation from Iran “will be dealt with.” The statement comes as uncertainty continues over the future governance of the Strait of Hormuz, one of the world’s most important maritime trade routes and […]

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Trump Labels BRICS as an ‘Attack’ on the US Dollar

Trump Labels BRICS as an ‘Attack’ on the US Dollar

In a fiery statement that has once again stirred global economic debate, US President Donald Trump described the BRICS alliance as an “attack” on the US dollar, asserting that his administration’s firm tariff threats caused several countries to back out of the group’s expansion plans. The BRICS bloc — comprising Brazil, Russia, India, China, South […]

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Trump’s 'Reciprocal' Tariffs Take Effect August 7: A Bold Gamble with Uncertain Rewards

Trump’s ‘Reciprocal’ Tariffs Take Effect August 7: A Bold Gamble with Uncertain Rewards

In a bold and controversial move, President Donald Trump has ordered the reimposition of sweeping tariffs on dozens of U.S. trading partners. The decision, which marks a major escalation in his “America First” trade agenda, will officially take effect on August 7—giving the global markets just one week to brace for impact. Unlike previous trade […]

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