Ongoing exchange of military strikes near the Strait of Hormuz has triggered fears of major shipping disruptions driving freight rates up.
Year: 2026
House passes Faster Labor Contracts Act to impose faster timelines on first union contracts
The bill would force employers to begin collective bargaining within ten days of a successful union vote and reach a deal within 90 days.
Amazon’s NLRB challenge to remain in Fifth Circuit
In a win for Amazon the Court of Appeals split 2-1 to keep the company’s legal challenge to a Staten Island union vote within the 5th Circuit.
SoFi Stadium workers narrowly avoid World Cup strike
Over 2000 stadium employees reached an eleventh-hour agreement on wages and safety narrowly avoiding a strike days before the tournament kickoff.
Japan finalizing negotiations with US to continue importing Russian LNG
Tokyo is seeking an extension on a US Treasury exemption for the Sakhalin 2 energy project as Middle East shipments plummet due to Hormuz blockade.
BOJ chief Kazuo Ueda hospitalized to miss policy meeting next week
Bank of Japan Governor Ueda was hospitalized with a hepatic cyst infection forcing Deputy Governor Himino to chair next week’s policy review.
Japan megabanks to issue stablecoin for securities trades in FY 2026
MUFG Bank, Sumitomo Mitsui, and Mizuho Bank agreed to launch a yen-denominated stablecoin to streamline stock and investment trust settlements.
Spiking energy prices send inflation to 3-year high
Escalating conflict in West Asia drove global crude prices up pushing US consumer inflation rates to their highest levels in three years.
Seven killed in PoK unrest India says Pakistan must be held accountable
India called on the international community to hold Pakistan accountable for the crackdown on protesters in Pakistan-occupied Kashmir where seven were killed.
India summons US Deputy Chief of Mission after second ship attack in three days
New Delhi lodged a strong protest after an American strike on the commercial vessel Settebello left three Indian crew members missing.