Austan Goolsbee, president of the Federal Reserve Bank of Chicago, warned that energy inflation linked to the Iran war has caused a prolonged stagflation shock for Asian economies. Despite recent declines, oil prices remain significantly higher than prewar levels, with Brent crude at $96 and WTI at $90.21 per barrel compared to $72 and $67.02 respectively before the conflict. Since many Asian countries are energy importers, this sustained high energy cost is creating an old-fashioned stagflationary environment, impacting economic growth and inflation simultaneously.
The Skills Canada National Competition 2026 officially began in Toronto, featuring over 500 competitors from across Canada competing in more than 40 skilled trade and technology areas. The event aims to inspire youth to pursue careers in trades and t...
Skills/Compétences Canada officially launched the 2026 Canadian Skills and Technology Olympiad in Toronto, featuring over 500 competitors across 40+ skilled trades and technology contests. The two-day event at Enercare Centre aims to promote skilled ...
Powerus has been selected to compete in Phase II of the Pentagon's $1 billion Drone Dominance Program with its MatrixFold multi-purpose attack drone. This program aims to procure tens of thousands of low-cost, one-way attack drones to enhance U.S. mi...
Cartesian Growth Corporation III shareholders approved the business combination with Factorial Inc., a solid-state battery technology leader. Once the deal closes, the combined company will be renamed Factorial Energy Inc. and its shares will trade o...
TextUs has enhanced its business SMS platform with AI-powered features that transform SMS from a simple broadcast tool into a full-funnel revenue channel for SaaS companies. The platform now includes AI-driven contact scoring, smart message delivery ...
