Saudi Arabia has significantly increased its oil exports through Egypt's Mediterranean port of Sidi Kerir, more than doubling shipments to about 2.3 million barrels per day in August. This shift is a strategic response to attacks by Iran-backed Houthi militants on Saudi tankers in the Red Sea, which have disrupted traditional shipping routes through the Bab el-Mandeb Strait. While the pipeline route through Egypt offers an alternative, it forces tankers to take a longer and costlier journey around Africa to reach Asian markets, leading many Asian buyers to sell their cargoes. This rerouting also affects global crude flows, with Europe receiving more Saudi oil and potentially shifting West African crude to Asia. Despite this adjustment, risks remain as recent drone strikes targeted LNG ships at Egypt's Port of Damietta, indicating ongoing regional tensions.
Serko Limited conducted a shareholder meeting on August 23, 2026, chaired by Claudia Batten with CFO Shane Sampson present to assist. Shareholders were invited to vote and ask questions via an online portal, with support from external auditors Deloit...
A Federal Reserve Bank of Cleveland study found that showing people Bitcoin's past 12-month gain of 14.3% increased their desired crypto holdings by about 2 percentage points and actual purchases by 2.5 points. Crypto owners expected much higher retu...
Ledger quietly patched a serious security flaw in its Ethereum hardware wallet app on August 12, 2026, which allowed malicious apps to replace legitimate transactions during signing. The vulnerability was found internally by Ledger's Donjon security ...
Zephyr Energy has approved further engineering and well work at its Paradox project in Utah to increase initial gas-processing capacity to 15 million standard cubic feet per day, tripling the original 5 mmscf/d plan. This expansion is funded from exi...
XRP surged 51% this week to $1.50, marking its best weekly gain since November 2024. The rally was sparked by the US Treasury's plan to repurchase $4 billion in long-term bonds, easing fears of rising bond yields and boosting risk assets like crypto....
