G7 nations agreed to accelerate diversification of energy supply routes and increase energy stocks to reduce Strait of Hormuz vulnerability.
Tag: Business
South Korea Fines Coupang $408 Million for Data Breach Affecting Millions
The South Korean data protection commission levied a record fine on e-commerce giant Coupang for exposing personal data from millions of accounts.
McKinsey Study Finds Grocery Sales Rose in 2025 But Volume Declined
A new McKinsey report reveals that while grocery revenue grew in 2025, actual volumes bought by consumers dropped — suggesting value-driven buying.
India-UK Free Trade Agreement to Come Into Force on July 15 2026
Prime Minister Modi and UK leaders announced the landmark India-UK FTA will enter into force on July 15 in what India calls its most comprehensive trade deal.
US Retail Sales Rose 0.9% in May — Beating Expectations Ahead of Fed Meeting
May retail sales data exceeded forecasts, rising 0.9% month-on-month and signalling consumer resilience ahead of a critical FOMC meeting.
Kevin Warsh Leads His First Fed Meeting as Chairman With No Rate Change Expected
New Federal Reserve Chairman Kevin Warsh chairs his inaugural FOMC meeting as inflation hits its highest level in more than three years.
Oil Prices Fall Sharply as US-Iran Deal Opens Way for Immediate Oil Sales
Iran will be allowed to begin selling oil immediately under the peace agreement, triggering a significant drop in global crude prices.
S&P 500 and Nasdaq Rise as Trump-Iran Agreement Eases Market Fears
US stock indices climbed after Trump cancelled plans for further Iran strikes and SpaceX made its Nasdaq debut on the same day.
Trump Signs US-Iran Framework: Asian Markets Surge With Nikkei Crossing 71000
Following the signing of the US-Iran agreement, Asian benchmarks surged with Japan’s Nikkei 225 rising 1.9% to 71,233.
$300 Billion Private Investment Fund for Iran Detailed in US-Iran Agreement
More than half of a $300 billion private fund outlined in the US-Iran framework has already been committed by companies across the globe.