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Elizabeth Williams

Shock GDP Slide Fuels UK Slowdown Corncern, Investors Eye U.S Fed Rate Decision

New figures out on June 13 showed the UK’s economy unexpectedly shrank in April. GDP contracted by 0.3%, when economists had expected it to...

South Korea Truck Strike Hits Chipmakers, Economy For $1.2 Billion

A strike by truckers in South Korea has cost the economy $1.2 billion in lost production and unfulfilled deliveries. That’s according to government estimates...

Crypto Winter: Bitcoin Plunges As Major Lender Halts Operations, Coinbase Cuts Jobs

In a latest high-profile collapse of a pillar of the cryptocurrency industry, the Price of bitcoin and other cryptocurrencies plummeted Monday after a major...

WTO MC12: European Union Committed To Open And Rules-Based Multilateral Trading System – Council

The European council in a press release says Sunday, states the European Union is committed to an open and rules-based multilateral trading system, with...

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UN Maritime Body Holds Emergency Talks Over Middle East Shipping Crisis

The International Maritime Organization has convened emergency talks in London to address growing disruptions to global shipping caused by escalating tensions in the Middle East. Opening the two-day meeting, IMO Secretary-General Arsenio Dominguez called for urgent and practical steps to safeguard commercial vessels and seafarers affected by the conflict. “This situation is unacceptable and unsustainable,”...

Israel Claims Killing Of Iran’s Intelligence Minister Esmail Khatib

Israel has announced the killing of Esmail Khatib, marking another major development in the escalating conflict between Israel and Iran. According to Israel’s Defence Minister, Israel Katz, the Iranian intelligence chief was eliminated in a military operation. He hinted at further developments, stating that “significant surprises are expected throughout this day on all...

Iran’s Pars Gas Field Hit In U.S.–Israel Conflict

Iran’s key energy infrastructure has come under attack after its massive South Pars Gas Field in the Gulf was struck, marking a significant escalation in the ongoing conflict involving the United States and Israel. The strike, reported on Wednesday, is the first known attack targeting Iran’s energy facilities in the Gulf since hostilities...