The International Monetary Fund (IMF) has warned that the war involving Iran will cause higher inflation and slower global economic growth, disrupting previous growth forecasts. The conflict has severely impacted global oil supply by reducing it by 13%, mainly due to disruptions in the Strait of Hormuz, a key shipping route. This shock is expected to hit poorer countries hardest, increasing economic uncertainty worldwide. The IMF anticipates that stagflation—simultaneous inflation and weak growth—will dominate economic discussions moving forward, with the situation to be addressed at upcoming World Bank and IMF meetings.
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Allied Critical Metals announced positive assay results from its 2026 drilling campaign at the Santa Helena Breccia, part of the Borralha Tungsten Project in Portugal. The first drill hole confirmed broad zones of high-grade tungsten mineralization, ...
XRP surged about 4% to $1.11 following a broader crypto market rebound triggered by softer U.S. inflation data. Technical signals suggest a bullish inverse head and shoulders pattern, with potential for a 20% price increase if XRP breaks the $1.12–$1...
Revolut has received preliminary approval from Dubai's Virtual Assets Regulatory Authority to offer cryptocurrency services in the UAE, including broker-dealer, asset management, and exchange functions. This approval allows UAE customers to trade and...
Gold and silver prices are under pressure ahead of key U.S. retail sales data that could influence Federal Reserve interest rate decisions. Central banks, led by Poland and China, continue to boost gold reserves, adding 41 tonnes in May, supporting l...
