Business news clusters

US‑Iran tensions led the US to reinstate a naval blockade and a 20 % fee on the Strait of Hormuz, pushing Brent above $83 and WTI near $78, spurring a near‑10 % oil rally that pulled down Brazil’s Ibovespa, the

Ford recalls over 740,000 US vehicles for a transmission defect that can cause roll‑aways and recalls several Brazilian models for a multimedia‑system camera issue, offering free software updates and part fixes

VinSpeed's $5 bn Hanoi‑Quang Ninh high‑speed rail, 120 km long, is under environmental review; 5 stations, 16 trainsets, aiming for 2028 operation to cut travel time to ~23 min.

Bond traders and CME data show the Federal Reserve’s July rate‑hike odds near 50%, with new Chair Kevin Warsh signaling a hawkish stance amid rising oil prices and inflation worries.

Russia's Jan‑May 2026 trade hit $295.7 bn, with exports up 8.5% and imports up 8.1%, lifting the surplus 9.4% to $59.1 bn; minerals dominate exports and Asia accounts for 74.8% of trade.

Burger King will restart its German expansion, adding new sites after pandemic‑related delays; it now runs 760 restaurants, earned €1.3 bn last year, and is boosting plant‑based menu items.

BC Minister Tamara Davidson approved a C$300 M environmental assessment for Vitreo Minerals' Angus silica sand mine near Prince George, creating 150 construction and 140 permanent jobs, with 19 binding eco‑saf

US Treasury says June deficit hit $120 billion after $49 ≈ billion in tariff refunds, following a Supreme Court ruling that declared Trump’s extra tariffs illegal.

Hyundai Motor plans to lose 40% of its production staff as AI automation cuts labor needs, while operator Chaebi develops an AI robot for fully autonomous EV charging, backed by a 6.43 billion‑won government‑s

HCL Technologies' AI data‑centre spend, SBI Funds Management's 9,813 billion‑rupee IPO, Grasim's 17,200 billion‑rupee acquisition, and Biocon's potential 5.64 % stake sale drive Indian market activity.

SpaceX shares fell to $139, near its $135 IPO price, trimming Elon Musk’s net worth to $879 billion and erasing $800 billion of market value.

The IMF warns that without swift fiscal reforms, European public debt could average 130% of GDP by 2040, driven by ageing, energy transition and low growth.

South Korea's central bank will lift its benchmark rate by 25 bps to 2.75% on July 16, its first hike since Jan 2023, as inflation stays above target amid higher oil prices and a weaker won.

UK Treasury expands the Growth Guarantee Scheme, adding £2 bn yearly to support up to 20,000 SMEs by 2028‑29 and increasing total loan guarantees to £3.35 bn.

Indonesia’s PNM, in partnership with Danantara, has financed over 23 million ultra‑micro businesses in remote areas, while the KUR scheme has disbursed Rp159.8 trillion to 2.5 million borrowers, hitting 54 % of

Smartphone shipments fell 11% in Q2 2026, the lowest since 2013, as a memory‑chip shortage raises prices. Samsung retook #1 with 24% share; Apple reached a record 20% share by keeping iPhone prices stable.

Venezuela may reveal a $240 billion debt pile, including $102 billion in Eurobonds, $25 billion in bilateral loans, $4 billion to multilateral lenders, and $20 billion in arbitration claims, posing challenges a

Shein plans a Hong Kong IPO in August to raise $2‑3 bn at a $30‑50 bn valuation as executive chairman Donald Tang steps down for an advisory role.

Russia's diesel export ban after Ukrainian drone attacks tightens global supply and lifts prices; South Korean refiners, the world’s fifth‑largest, are set to expand diesel exports, boosting their margins and股价

Argentina's Treasury launched the AO29 bond auction to raise up to $2 bn, while ADEBA reported a circular allowing Chaco province to issue treasury letters with a 700‑bp TAMAR spread limit.

Singapore’s Q2 GDP grew 5.7% yoy, driven by a 12.2% jump in AI‑linked manufacturing, while geopolitical tensions in the Middle East temper the outlook.

Strait of Hormuz conflict spurs a U.S. 20 % tanker toll proposal, nudging oil prices higher, while Greenland Energy pushes frontier drilling in Greenland amid renewed energy‑security concerns.

Brazil's tax reform replaces several taxes with IBS and CBS, prompting new judicial mechanisms, sector‑wide readiness efforts, and deadlines for system upgrades, CNPJ registration for rural producers, and Pix‑c

RBNZ chief economist Paul Conway warned that Middle East‑driven oil price spikes could make New Zealand inflation persistent, indicating possible further rate hikes after the recent rise to 2.5%.

UAT partners with industry and government to build regional clusters, hosts a law‑student visit to the Supreme Court, and joins a new council to coordinate sustainable urban development in Tamaulipas.

The IRS has simplified penalty relief, offering automatic or streamlined options for domestic and offshore tax penalties, with eligibility based on filing history, hardship, and non‑willful conduct.

A super‑strong El Niño is forecast to raise global food and energy prices, tighten Panama Canal draft limits, and threaten China's marine farms while increasing storm intensity.

Reed Smith launched Aquarius, an automated tool to help crypto firms comply with EU MiCA rules, offering token classification, white‑paper generation, ESG checks and more, with plans to expand globally.

Solana Foundation and SBI Holdings formed SBI Solana Global to build Japan's on‑chain finance market, launch the JPYSC stablecoin and enable tokenized assets on Solana’s blockchain.

BC expands its timber value‑added program to include custom cutters, securing fibre for 40 firms and 250 jobs, aiming to shift from commodity lumber amid U.S. tariffs.

DBS Group topped a S$200 bn market value, sending its shares and those of OCBC and UOB to record highs and pushing the STI to a new peak.

Brazilian builders EZTec and Cyrela posted strong Q2 results, with EZTec’s launches up 58% and sales 18% higher, while Cyrela saw launches rise 34% and sales increase 14%.

UAE boosted June oil output by ~80% to 3.8 million bpd after leaving OPEC+, prompting a surplus in Asian markets and Saudi price cuts and production hikes.

Evotec cut its 2026 revenue forecast to €570‑610 million from €700‑780 million, now expects EBITDA of –€70‑‑105 million and saw its shares drop 14%.

Nigeria’s All‑Share Index slipped 0.84% to 241,749, erasing N1.32 trillion of market capitalisation to N155.13 trillion amid broad sell‑off; trading volume rose 18.7%.

The State of Mexico will host the 5th International Agroindustrial Forum on Aug 7‑8, expecting 3‑5 k visitors, 100+ exhibitors and foreign delegations to foster market links and showcase agri‑technology.

Argentina's gig‑delivery riders are incurring debts up to 1 million pesos with interest rates as high as 700% after platforms began lending to them, prompting union calls for regulation.

OnePlus is set to pull out of Europe and the US, ending new product launches while keeping support for existing devices; in India and China it may continue as an Oppo sub‑brand.

Tesla profit in China fell 40% amid tariffs, BYD launched the Qin MAX fast‑charging sedan, Hainan announced a fuel‑car sales ban by 2030, and Xiaomi detailed extensive EV testing, highlighting a rapid shift to電

US state AGs sue to block Paramount’s $79 billion merger with Warner Bros. Discovery, while WWE RAW in Dallas showcases IYO SKY vs. Roxanne Perez and a Roman Reigns‑Seth Rollins contract signing.

Extreme weather is flooding US routes, hitting Taiwan/China with a typhoon, and drying the Rhine, forcing logistics firms to adopt dynamic, climate‑aware strategies while manufacturers focus on strong supplier,

Iraq PM Ali al‑Zaidi visited Washington to court U.S. firms for oil, gas and power projects, seeking investment, pipeline deals and security guarantees after the Iran‑war hit Iraq’s economy.

Naval Group opened its secured Lorient yard, showing a fifth French FDI frigate ordered, four for Greece, future ships for Sweden and Denmark, plus Dutch submarines, with a backlog running to 2034.

Investors sued BlackRock in New York, alleging it mis‑classified dividend income and capital gains as fund assets, inflating NAVs of over 70 equity mutual funds and causing higher fees and taxes.

Brazil's Caixa has opened FGTS Calamity withdrawals for flood‑hit workers in Porto Velho and 26 Pará cities, allowing up to R$6,220 per account via the FGTS app with deadlines through September 2026.

Poland finished the 590‑metre Grzegorz shaft at Sobieski mine, a 690 million zł project crucial for safety, ventilation and future coal supply from the Dąb deposit, slated to start production in late 2027.

A severe European heat wave has highlighted lack of air‑conditioning and prompted research showing potential 5‑7% GDP loss by 2030, with pension‑fund real‑estate assets becoming stranded; investors plan to ramp

India’s June CPI rose to 4.38%, breaking the RBI’s 4% target for the first time in 16 months, driven by food, fuel and jewellery price spikes, with the RBI signaling possible policy tightening.

Mercedes‑Benz invested €1 bn to expand its Kecskemét plant in Hungary, now the country’s largest auto factory, to produce the electric C‑Class with over 5 000 staff, on‑site battery assembly, solar power and AI