Iran claims full control of Strait of Hormuz amid US tensions

Amazon has confirmed it will cut 16,000 jobs worldwide, just hours after employees received an internal email about the layoffs that was apparently sent by mistake.

US officials are preparing to issue a general license that would lift certain sanctions on Venezuela’s energy sector, moving away from previous plans to grant individual exemptions to companies operating there.

Parcel delivery giant UPS announced it will cut up to 30,000 jobs in 2026 as part of its plan to reduce shipments for Amazon, its largest customer, which the company says are “extraordinarily dilutive” to profit margins.

Gold’s powerful rally continued on Wednesday, with prices breaking above $5,200 per ounce for the first time, driven by a sharp slide in the US dollar and lingering geopolitical concerns ahead of a Federal Reserve policy decision.

Amazon said on Tuesday it will close its Go and Fresh physical stores as it shifts its grocery strategy toward expanding Whole Foods and boosting online grocery delivery.

Global stock markets ended mixed on Tuesday as investors awaited a Federal Reserve interest rate decision and earnings from major US technology firms, while the dollar fell to a four-and-a-half-year low against the euro.

India and Russia are steadily moving toward achieving a bilateral trade target of $100 billion by 2030, with efforts underway to diversify trade and expand economic cooperation, India’s Ambassador to Russia Vinay Kumar said on Monday.

Natural gas traders have been caught by surprise this winter as colder-than-expected weather in both Europe and the United States triggered a sharp surge in prices, overturning widespread expectations of ample supply and subdued demand.

China’s Anta Sports will become the largest shareholder in German sportswear brand Puma after agreeing to buy a major stake in the company, according to a stock exchange filing released on Tuesday.

Asian stock markets advanced on Tuesday, tracking gains on Wall Street, as investors largely brushed aside US President Donald Trump’s renewed threat to raise tariffs on South Korean goods. Technology stocks led the rally, pushing Seoul’s benchmark index to another record high.

Gold prices soared above the $5,000-an-ounce mark on Sunday, setting a new record as investors rushed into the safe-haven asset amid growing global uncertainty linked to US President Donald Trump’s policies.

US President Donald Trump has warned that Canada would face a 100% tariff on all goods entering the United States if it moves ahead with a trade deal with China.

US President Donald Trump on Wednesday abruptly retreated from threats to impose tariffs as leverage in a dispute over Greenland, ruling out the use of force and suggesting a negotiated agreement could be within reach, easing tensions that had threatened the most serious rupture in transatlantic relations in decades.

Asian markets climbed on Thursday, tracking a strong rally on Wall Street after US President Donald Trump cooled his threat to impose tariffs on major European economies, easing fears of a fresh global trade conflict. Investor sentiment was further boosted by renewed enthusiasm for artificial intelligence after Nvidia’s chief said the sector would require trillions of dollars in new investment.

US customs authorities could face significant administrative challenges if President Donald Trump follows through on his threat to impose tariffs on selected European countries rather than the European Union as a whole, given the free movement of goods within the EU.

Oil prices slipped in early Asian trading on Wednesday as traders looked past a likely short-term supply disruption in Kazakhstan and refocused on the prospect of rising US crude inventories and renewed macroeconomic uncertainty linked to trade tensions.