Economy And Business

The closure of the Strait of Hormuz and soaring freight rates have intensified competition among countries and shipowners to secure their own tanker fleets. A second-hand vessel can now cost up to 40% more than a newly built one

Last summer, the couple released a volume dedicated to Jay-Z that was auctioned off for over $150,000. ‘Our books are for people who already have it all,’ they explain

Prized for centuries for their noble, docile and loyal character, Andalusian horses are gaining prominence around the world and selling at prices of up to $580,000

The road to success is paved with failures, sometimes spectacular ones. AI promises to make the testing of the thousands of products launched each year faster and cheaper

A California company was awarded contracts for six Venezuelan oil fields that just weeks earlier were controlled by the heirs of Venezuelan businessman Oswaldo Cisneros

Government bonds are losing some of their appeal, but foreign public and private investors are treading carefully, wary that large-scale selling could trigger financial turmoil

Javier Milei is racing to stop an offshore drilling project in the disputed islands by threatening to bar participants from Argentina’s biggest oil prize

The prohibition, which also includes dairy derivatives, will take effect on September 29

Several banks in the eurozone have repatriated or shifted their reserves to strengthen their strategic autonomy amid volatile conditions

The German group aims to return to profitability with its restructuring plan, while the Japanese company maintains its leadership in the first half of the year thanks to its focus on hybrid cars

Terra Drone is one of the world’s leading suppliers of unmanned aerial vehicles and has received its country’s first domestic order

The founder of Unitree went from tinkering with homemade motors in a small town in Zhejiang to selling more bipedal robots than anyone else in the world

Melting ice has opened the door to steady trade routes between Asia and Europe. However, it also positions Russia as the arbiter

The economist assesses Sheinbaum’s Plan Mexico and calls for tax reforms, stronger institutional coordination and public-private partnerships to deliver meaningful results

The United States gains access to 17 oil fields containing billions of barrels of crude as Chevron, Eni and others announce new investments

Seventy percent of Europeans live in areas where even a 30-year mortgage will not get you a 75 square meter apartment, according to an academic study. And the findings are equally discouraging for the rental market

Caracas will take years to restore output, even if a political agreement holds steady. Meanwhile, Chevron announced it will increase investments in the country

The agreement announced by Donald Trump has sparked widespread unease in a country with a deeply rooted sense of ownership over its natural resources

The US president says he will use Venezuelan barrels to replenish his country’s dwindling strategic reserves, with a view to the November midterms

The United Nations agency’s director‑general asks the governing body for authorization to make the staff cuts, which unions oppose

The Fed chair must choose between keeping a low profile and disappointing investors or changing course and potentially angering Trump

Deputy Antonio Ecarri’s announcement that he would push for formal dollarization with economist Steve Hanke resulted in his removal and a parliamentary investigation

The Treasury is seeking unconventional ways to contain rising interest rates, with consequences for both Wall Street and ordinary Americans, as markets await Friday’s Jackson Hole gathering

The Latin American country is negotiating its tariff terms while navigating the uncertain future of the USMCA trade agreement

Among the countries of the region, the rivalry for control of natural gas is less about managing the fields and more about the infrastructure required to facilitate energy sales

At the toy company’s design and product development center in El Segundo, California, the last two years have been spent creating the new product line, inspired by the fifth film in the famous Disney-Pixar saga