World economy
Many insurance underwriters won’t offer Middle East coverage to U.S., Israel, U.K.-linked vessels at any price
The conflict in the Middle East has led many insurance underwriters in the maritime shipping market to avoid offering coverage in the region to any U.S., Israel, or U.K.-linked vessels. “Many underwriters are not touching vessels with perceived U.S., U.K. or Israeli links at any price,” said David Osler, insurance editor for Lloyd’s List. According […]
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Watch Fed Chair Powell testify live on interest rate policy before House committee
[The stream is slated to start at 10a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell delivers his semiannual monetary policy testimony to congressional leaders, starting Tuesday with an appearance before the House Financial Services Committee. In prepared remarks, Powell noted the […]
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Middle East ocean freight rates soar on Iran conflict, Strait of Hormuz shipping risks
Tankers are seen at the Khor Fakkan Container Terminal, the only natural deep-sea port in the region and one of the major container ports in the Sharjah Emirate, along the Strait of Hormuz, a waterway through which one-fifth of global oil output passes on June 23, 2025. Giuseppe Cacace | Afp | Getty Images Ocean […]
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The Iran-Israel conflict isn’t denting Chinese business optimism in the Middle East
Key Points Chinese shipments to Dubai’s logistics hub have risen by 20% this month from a year ago, according to estimates from Bear Huo, China general manager at FundPark. Chinese companies have increasingly turned to the region in the last few years. “A more stable Middle East serves China’s economic and strategic interests,” said an […]
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CNBC’s Inside India newsletter: Is India’s hot IPO market cooling, or is it a blip?
A lenskart shop as seen in Kolkata , India, (Photo by Debarchan Chatterjee/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what […]
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Fund managers are pouring money into emerging markets. Here’s where investors see opportunities
Volatility has gripped global equity markets this year — and according to some asset managers, now could be the perfect time to rethink emerging markets. Developing economies were hit particularly hard by U.S. President Donald Trump’s so-called “reciprocal tariffs” plans when he unveiled them in April, with Sri Lanka, Cambodia and Vietnam slapped with tariffs […]
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Oil analysts left scratching their heads over Isreal-Iran conflict: ‘Your guess is as good as mine’
Smoke billows in the distance from an oil refinery following an Israeli strike on the Iranian capital Tehran on June 17, 2025. Atta Kenare | Afp | Getty Images Analysts are struggling to predict the extent to which Israel and Iran’s escalating conflict could influence oil prices. Israel’s surprise attack on Iran’s military and nuclear infrastructure […]
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CNBC’s The China Connection newsletter: Chinese exporters increasingly need to build brands to survive
JINHUA, CHINA – JUNE 16: Employees of a cross-border e-commerce enterprise sort and package express parcels in preparation for the 618 Shopping Festival on June 16, 2025 in Jinhua, Zhejiang Province of China. (Photo by Yang Meiqing/VCG via Getty Images) Vcg | Visual China Group | Getty Images This report is from CNBC’s The China […]
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Shipping groups are starting to shy away from the Strait of Hormuz as Israel-Iran conflict rages on
An Islamic Revolutionary Guard Corps speed boat sailing along the Persian Gulf during the IRGC marine parade to commemorate Persian Gulf National Day, near the Bushehr nuclear power plant in the seaport city of Bushehr, in the south of Iran, on April 29, 2024. Nurphoto | Nurphoto | Getty Images Some shipowners are opting to […]
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G7 leaders gather in Canada for summit overshadowed by Middle East crisis and Trump’s tariffs
The flags of Canada, France, Germany, Italy, Japan, the United Kingdom, the United States, and the European Union ahead of the Group of Seven (G-7) Leaders’ Summit in Banff, Alberta, Canada, on Saturday, June 14, 2025. Bloomberg | Bloomberg | Getty Images Leaders of some of the world’s biggest economic powers will arrive in the […]
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