The conflict in the Middle East has led many insurance underwriters in the maritime shipping market to avoid offering coverage in the region to any U.S., Israel, or U.K.-linked vessels. “Many underwriters are not touching vessels with perceived U.S., U.K. or Israeli links at any price,” said David Osler, insurance editor for Lloyd’s List. According … Read more
NATO leaders are expected to agree this week that member countries should spend five per cent of their gross domestic product on defence, except the new and much vaunted investment pledge will not apply to all of them. Spain has reached a deal with NATO to be excluded from the five per cent of GDP … Read more
TOPSHOT – China’s Foreign Minister Wang Yi (C) gestures as he welcomes Russia’s Deputy Foreign Minister Sergey Ryabkov (R) and Iran’s Deputy Foreign Minister Kazeem Gharibabadi before a meeting regarding the Iranian nuclear issue at the Diaoyutai State Guesthouse in Beijing on March 14, 2025. Afp | Getty Images As the U.S. rained bombs and … Read more
With the Federal Reserve just hours away from its latest decision on interest rates, President Donald Trump on Wednesday lambasted Chair Jerome Powell, calling him “stupid” while doubting the central bank would cut. In his latest in a series of attacks on Powell that go back years, Trump said the Fed’s key borrowing rate should … Read more
WASHINGTON — Days after a Minnesota state lawmaker was killed and another injured in a “politically motivated assassination,” President Donald Trump said on Tuesday that he would not call the state’s governor, eschewing a traditional presidential response to tragedies. “Why would I call him? I could call and say, ‘Hi, how you doing?’ The guy … Read more
France’s President Emmanuel Macron gives the keynote address at the Shangri-La Dialogue Summit in Singapore on May 30, 2025. Ludovic Marin | Afp | Getty Images European leaders are looking to Southeast Asia with renewed interest amid Washington’s aggressive tariff agenda, but experts warn that the state of regional trade ties makes it challenging to … Read more
Tankers depicted in the Strait of Hormuz — a strategically important waterway which separates Iran, Oman and the United Arab Emirates. ATTA KENARE | AFP | Getty Images As tensions surge following Israeli strikes on Iran, fears have resurfaced that the Tehran could retaliate by targeting one of the world’s most vital oil arteries — … Read more
If the U.S. continues to impose AI semiconductor restrictions on China, then chipmaker Huawei will take advantage of its position in the world’s second-largest economy, Nvidia CEO Jensen Huang told CNBC Thursday. “Our technology is a generation ahead of theirs,” Huang told CNBC at the sidelines of the Viva Technology conference in Paris. However, he … Read more
U.S. Secretary of Commerce Howard Lutnick answers questions from the media as he returns to Lancaster House, on the second day scheduled for trade talks between the U.S. and China, in London, Britain, June 10, 2025. Toby Melville | Reuters Commerce Secretary Howard Lutnick said Wednesday that U.S. tariff levels on Chinese imports will not … Read more
Sen. Cory Booker on Sunday said he would not accept campaign donations from tech mogul Elon Musk but urged the former Trump adviser to “get involved right now in a more substantive way” in Democrats’ push against the sweeping GOP-backed spending bill. “This bill is disastrous for our long-term economy,” Booker told NBC News’ “Meet … Read more