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The EU plans to fast-track some financial aid to Egypt. The usual funding safeguards will not apply

apnews.com The European Union intends to fast-track some of its aid money to Egypt using an urgent funding procedure that bypasses parliamentary oversight and other safeguards,…

How Baltimore's Key Bridge collapse will affect supply chains and the economy

pbs.org The Francis Scott Key Bridge, once the second-longest continuous truss bridge in the U.S., now lies partially submerged in the Patapsco River after a catastrophic cargo ship…

Oil prices wrap up Q1 with strong gains as Russia cuts ease oversupply worries

investing.com Investing.com-- Oil prices settled higher Thursday to wrap the first quarter with strong gains as bets on lower Russia output eased worries about a global supply surplus. At…

Hamas praises Iran's role in "world war" over Gaza

newsweek.com The heads of the two leading Palestinian groups at war with Israel have praised Iran's role in an increasingly international conflict over the Gaza Strip in talks with…

Russian Warships Enter Red Sea As Rival US-Led Coalition Patrols

zerohedge.com Russian Warships Enter Red Sea As Rival US-Led Coalition Patrols The Russian navy’s Pacific Fleet has confirmed that it sent several of its warships through the Bab…

Gold: The Everything Hedge

zerohedge.com Gold: The Everything Hedge Authored by James Rickards via DailyReckoning.com, Gold is trading at $2,211 per ounce this afternoon. Since its interim low of $1,832 per ounce…

How will Baltimore bridge collapse impact supply chains? – DW

dw.com A cargo ship's deadly collision into the Francis Scott Key Bridge in Baltimore have disrupted global supply chains from cars to coal. Countries worldwide, including Germany,…

Stock Turned Into a Buy After Earnings Release?

entrepreneur.com Carnival Corporation (CCL) reported record revenue in its most recent quarter but still faces a negative bottom line. The collapse of Francis Scott Key Bridge brings more…

Firmer oil prices expected as demand builds and supply curbs persist, poll suggests

theglobeandmail.com Oil prices will gain some momentum this year as demand picks up and output curbs by the OPEC+ producer group continue to squeeze supply that is already being pressured by…

Another Wayward Container Ship Shows World Trade’s Fragility

nytimes.com Even before an enormous container ship rammed a bridge in Baltimore in the early hours of Tuesday, sending the span hurtling into the Patapsco River, and halting cargo…

The Baltimore bridge disaster is just the latest knock to global shipping and trade

businessinsider.com The Dali crashed into the Francis Scott Key Bridge in Baltimore on March 26, 2024. Jim Watson/AFP/Getty Images Supply chains disruptions have repeatedly come under the…

Disruptions Happen: Baltimore Bridge Collapse Underscores Need for Operational Agility

pymnts.com In business, as in life, uncertainty can result in unexpected disruptions that have an outsized ripple effects. That’s why agility in business operations, paired with a…

Will bridge collapse hurt global supply chains? – DW

dw.com At least six people were killed after a ship struck a bridge in Baltimore. Supply chains from cars to coal have been disrupted. Countries around the world, including…

Baltimore's bridge collapse is expected to disrupt supply chains

npr.org Marine traffic around the Port of Baltimore is at a standstill after the Francis Scott Key Bridge collapsed Tuesday, an accident that is expected to disrupt shipping and…

How shipping containers can make or break the global economy

cnbc.com The shipping container is a logistics marvel that can affordably move thousands of items from hundreds of different companies all around the globe. If there is a slowdown in…

China fumes as India backs US ally in heated territorial dispute

newsweek.com China fumed following India's support for the Philippines as Beijing is locked in a series of provocative clashes with Manila in the South China Sea. "Maritime disputes are…

FP Dealmakers: Interest rate peak fuels optimism on Bay Street

financialpost.com Peter Miller doesn’t mince words when describing the dealmaking doldrums that Bay Street has slipped into over the past couple of years. But the head of global equity…

Baltimore bridge collapse and port closure send companies scrambling to reroute cargo

theglobeandmail.com The stunning collapse of Baltimore’s Francis Scott Key Bridge is diverting shipping and trucking around one of the busiest ports on America’s East Coast, creating delays and…

The Baltimore bridge collapse and its potential consequences, explained

vox.com Photo by Tasos Katopodis/Getty Images From search and rescue efforts to how a ship can knock down a bridge, here’s what you need to know. The shocking collapse of…

Houthi attacks in Red Sea threaten internet infrastructure – DW

dw.com The recent attack on the cargo ship Rubymar by the Iran-backed Houthis caused the crew to drop anchor, which damaged undersea internet cables, the US has said. Could the…

Baltimore Key Bridge Tragedy Pressures Global Trade: Shipping Already Hit By Panama Canal, Red Sea Challenges

benzinga.com While search and rescue remains the top priority following the tragic collapse of the Francis Scott Key Bridge in Baltimore early Tuesday, the costs to global trade, markets…

US defense partner bordering China shows off submarine fleet

newsweek.com India, a U.S. defense partner, has showcased its eight submarines operating together in a recent exercise in the Arabian Sea. The vessels were deployed as part of Operation…

Global economy weighed down by war and instability, trade chief warns

euronews.com "People everywhere are feeling anxious about the future and this will be felt at the ballot box this year," the head of the WTO said. War, uncertainty and instability are…

Iran-backed Houthis attacked a Chinese ship with missiles after promising to leave them alone

businessinsider.com A commercial ship in the Red Sea last week. French military photo via X The Houthis reportedly said they would avoid attacking Chinese ships off the coast of Yemen. But the…

Houthis embarrass China with ship attack

newsweek.com Houthi rebels launched a series of anti-ship ballistic missiles at a Chinese-owned and -operated oil tanker, according to U.S. Central Command, embarrassing Beijing. "From…

Oil rises as heightened geopolitical risks exacerbate supply concerns

theglobeandmail.com Oil prices rose in Asian trading on Monday on concerns over tighter global supply brought about by escalating conflicts in the Middle East and between Russia and Ukraine,…

Chinese-Owned Tanker Hit By Houthi Missile Despite Safe Passage Deal

zerohedge.com Chinese-Owned Tanker Hit By Houthi Missile Despite Safe Passage Deal Bloomberg's sources stated on Friday that China and Russia made a deal with Iran-backed Houthis for safe…

Top 5 things to watch in markets in the week ahead

investing.com Investing.com -- Investors will be looking ahead to data due out when markets are closed on Friday for the latest read on U.S. inflation. Several Federal Reserve officials,…

Attacks on shipping in the Red Sea are a blow to global trade

economist.com Until the Suez Canal opened in 1869, merchant ships in the Red Sea mostly carried coffee, spices and slaves. The waterway changed everything. So far in 2023 around 24,000…

Will spiking shipping costs cause inflation to surge?

economist.com When economists talk about bottlenecks, they typically refer to points in a supply chain that slow down production. The global economy is at present providing a rather…

10 Weekend Reads

ritholtz.com Billionaires know they are. Low-wage workers are very well aware that they aren’t. But vast swaths of America’s “regular rich” don’t feel that way, and it’s keeping…

Gas Prices Jump Above $3.50 And Rise

247wallst.com Gas prices have started another significant increase. At $3.53 per gallon nationwide, they are above the prices last week, a month ago, and a year ago. The same holds for…

US Navy warships can defeat exploding naval drones today, but these deadly systems are evolving

businessinsider.com In this photo released by the US Navy, two US Air Force F-35A Lightning II fighter jets fly alongside amphibious assault ship USS Bataan and guided-missile destroyer USS…

Ukraine's Patriot kills of Russian planes and missiles have turned a US air-defense weapon with a troubled past into a hero

businessinsider.com Members of the German Bundeswehr prepare a Patriot missile launching system in December 2012. Sean Gallup/Getty Images Ukraine's use of the US-made Patriot system has been…

Russia & China Strike Shipping Deal With Houthis To Ensure Safe Vessel Transits, Report Says

zerohedge.com Russia & China Strike Shipping Deal With Houthis To Ensure Safe Vessel Transits, Report Says According to Bloomberg's sources, Russia and China have sealed a deal with…

Oil prices edge higher; Gaza ceasefire talk has little impact

investing.com Investing.com-- Oil prices edged higher Friday, and were set for a muted finish to the week as reports of renewed calls for a Israel-Hamas ceasefire pointed to fewer supply…

Why the Pentagon wants to build thousands of easily replaceable, AI-enabled drones

vox.com Jared Bartman for Vox Ukraine’s drone innovations have changed how the US is planning for a war with China. It’s hard to overstate the level of hype currently surrounding…

FedEx earnings, Nike warning, Apple lawsuit

investing.com Investing.com -- FedEx surprised with strong earnings growth, while warned of a revenue dip, resulting in differing stock performances. Apple faces a antitrust lawsuit, yet…

It's Time to Take the Gloves Off Against Iran's Islamic Revolutionary Guard

newsweek.com Washington's misplaced priorities in the Middle East over the last decade have left tens of millions exposed to the aggression of an Iranian-backed menace, the Houthis, who…

Intense video from aboard a French frigate shows the combat kill of a ballistic missile in the Red Sea

businessinsider.com A missile is launched from a French warship in the Red Sea. European Union Operation Aspides photo A French warship intercepted at least three Houthi ballistic missiles on…

French Navy Helicopter shoots down Houthi drone in Red Sea

youtube.com The French Navy has used one of its helicopters to destroy a Houthi drone flying near commercial vessels in the Red Sea.

The damage done by Russia’s hack of Germany’s defence ministry

economist.com The German defence ministry is not known for being funny. But it did draw chuckles on March 3rd, emailing journalists an official statement by Boris Pistorius, the defence…

Super Hornet fighter jets on the deck of a US Navy aircraft carrier in the Red Sea are sporting Houthi drone kill marks

businessinsider.com An F/A-18E Super Hornet, attached to the "Wildcats" of Strike Fighter Squadron 131, prepares for flight operations aboard the Nimitz-class aircraft carrier USS Dwight D.…

New 'Game-Changing' Laser Weapon Costing $13 A Shot Could Disrupt Defense Industry

benzinga.com Western missile defense capabilities are powerful but can be expensive to maintain against continued enemy fire. For example, the Standard Missle-2, which the U.S. Navy uses…

The Red Sea shipping crisis has given an unexpected country's elite commandos a chance to shine

businessinsider.com By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time. Access your favorite topics in a personalized feed while you're on…

The Biden administration is expanding an effort with Walmart, Target, Nike, others to track consumer demand in real time

cnbc.com The Biden administration is expanding a freight data partnership with major U.S. companies to track the movement of goods in real time. On Wednesday, the Department of…

Israel’s Eilat Port faces layoffs amid Red Sea shipping crisis, union says

theglobeandmail.com Half the workers at Israel’s Eilat Port are at risk of losing their jobs after the seaport took a major financial hit due to the crisis in Red Sea shipping lanes, Israel’s…

Over 40 percent of Americans see China as "greatest enemy"

newsweek.com China is seen as the number 1 enemy by 41 percent of Americans, according to a new Gallup poll. Russia and Iran came in second and third with 26 percent and 9 percent,…

Houthi cruise missile hits Israel in ominous first

newsweek.com Yemen's Houthis have claimed responsibility for a cruise missile launched from the Red Sea which landed near Eilat, in what marks the first time a projectile fired from the…

US naval drones have spent 60,000 hours at sea helping the Navy spy on and defeat malicious threats in Middle Eastern waters

businessinsider.com An undated still image released on Oct. 6 from video taken by an Arabian Fox MAST-13 unmanned surface vessel of two Islamic Revolutionary Guard Corps Navy patrol speedboats…

‘The total toy platform’: boss of The Entertainer aims for infinity and beyond

theguardian.com We have checked out the three-metre-high T Rex in the lobby and eyed the giant Squishmallow bean bag in the corner of his office. Now Andrew Murphy is waving around a…

US forces say Houthi attacks threaten world amid hypersonic missile reports

newsweek.com The U.S. military has warned that the growing threat posed by maritime attacks being launched on a near-daily basis by well-armed rebels in Yemen extends far beyond the…

The “Sleeper” Trade of 2024

investorplace.com Oil is dominating tech … how our oil trades are doing … higher prices are coming to the pump … the dividend yields on leading energy stocks … two reasons oil could soar from…

Surging gas prices just hit a significant milestone

cnn.com For the first time since late last year, prices at the pump are now higher on a year-over-year basis. It’s a trend that industry experts expect to continue in the coming…

The Houthis are making history in the most dangerous way

newsweek.com Prior to last November, the ability to disrupt global maritime trade was generally considered to be reserved for powers with a sizable, state-of-the-art arsenal of warships.…

Oil prices build on last week’s strength as supply risks rise

theglobeandmail.com Oil prices ticked up in Asian trade on Monday, extending gains from last week of nearly 4 per cent on the view that supply was tightening, with the risks heightened by…

The last mile's at risk in our hostile environment. Let’s go the extra mile to fix it

theregister.com Opinion Most of us, from time to time, have grievances with our network operators. We complain, we leave bad reviews, we rage-post. But some aren't content with just…

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