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Economy

The Strait of Hormuz: Key to Middle East and Global Trade

President Donald Trump’s decision to bomb three Iranian nuclear sites marks the largest US military action against Iran since 1979, triggering fears of a…

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Explainer: What Are The Key Provisions of Trump’s “One Big Beautiful Bill”?

President Donald Trump’s “One Big Beautiful Bill” is a comprehensive legislative package passed by the House of Representatives in May 2025. The bill aims…

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Kurdistan’s Budget Battle with Baghdad Explained

In the Kurdistan Region, tens of thousands of public employees, including teachers, healthcare workers, and civil servants, are once again without pay. On June…

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Iraq Government Institutions to Go Cashless in July

Beginning July 2025, Iraq will prohibit cash transactions in all government institutions to drive electronic payment adoption and modernize its financial system. With over…

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How the Israel-Iran Conflict Shakes the Global Economy

As tensions between Israel and Iran escalate, global economic ripple effects are being closely tracked by analysts, traders, and governments alike. From oil supply…

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Supermarkets Crowded, Shelters Ready: Israel Braces for Iran’s Next Move

Israelis rushed to supermarkets and braced for uncertainty as tensions soared following Israel’s airstrike on Iranian nuclear facilities. The attack, which targeted sensitive enrichment…

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Iran-Israel Escalation Risks Hormuz Strait Energy Route

Israel launched unprecedented strikes in June targeting Iran’s nuclear and missile facilities, along with key Iranian military leaders. The escalation has sparked fears that…

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The Worst College Degrees for Employment

As students weigh their post-secondary options, job prospects remain a key consideration. New data from the Federal Reserve Bank of New York, current as…

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Under Pressure: U.S. Parks Navigate Summer Staffing Shortage

As summer tourism ramps up, U.S. national parks are experiencing unprecedented pressure on staffing and services. In iconic destinations like Yosemite, park staff from…

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U.S. ENERGY: THEN VS NOW

U.S. energy production has shifted dramatically since 1950, with natural gas, oil, and renewables rising, while coal steadily declines.

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Norway Introduces 3% Tourist Tax to Combat Overtourism

Norwegian lawmakers have passed a 3% tourist tax on lodging, potentially extending to cruise ships, to address overtourism driven by a record 38.4 million…

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Elon Musk’s War of Words With Trump Costs Tesla Billions

A public feud between Elon Musk and U.S. President Donald Trump sent shockwaves through the stock market, wiping out over $150 billion in Tesla’s…

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Tokyo Urges Workers to Wear Shorts Amid Energy Crunch

The Tokyo metropolitan government is officially encouraging its public servants to wear shorts, T-shirts, and sneakers to work as part of an emergency expansion…

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U.S. Navy Mission Disrupted by Monkey Attack in Thailand

A U.S. Navy sailor assigned to the minesweeper USS Chief was medically evacuated to Sasebo, Japan, following a bizarre encounter with a monkey in…

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The Numbers Behind Europe’s Jet Fuel Crisis

Europe’s jet fuel supply is under pressure as disruptions in Middle East exports expose its heavy reliance on imported fuel.

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