The debate over a possible United States ban on diesel exports comes at a particularly difficult moment for global fuel markets. American diesel prices have reached record levels, inventories remain unusually tight, and disruptions to refining and shipping in several major producing regions have...

India’s decision to introduce a merchant fee on selected Unified Payments Interface transactions marks a significant change in the economics of the country’s most important digital payment network. For six years, UPI grew under a model in which merchants and consumers were largely shielded from...

Europe’s jet fuel market is revealing a deeper supply problem: finding replacement cargoes is possible, but replacing a disrupted regional supply system on a lasting basis is much harder. The emergence of South Korea as a major supplier to Europe shows how far traders are now willing to travel for...

Kylian Mbappe's move from Nike to On gives the Swiss sportswear company something it cannot easily create through advertising alone: immediate credibility on the world's biggest football stage. But the partnership also exposes the scale of the challenge facing On as it attempts to enter a market...

Warren Buffett's rise from a young investor to the architect of Berkshire Hathaway's transformation was not built around one spectacular stock purchase or a single investment formula. His record developed through a combination of disciplined capital allocation, patience, insurance economics and an...

The growing strategic importance of artificial intelligence is pushing the United States and China toward a form of communication that neither side has yet managed to establish on a lasting basis. During economic talks in New York, US Treasury Secretary Scott Bessent proposed creating a bilateral...

The latest rise in global energy prices is forcing major central banks to reconsider how quickly they can ease monetary policy, with several now preparing for tighter conditions even as economic growth remains vulnerable. The problem is particularly difficult because the inflationary pressure is...

The European Union's suggestion that Canada could eventually become an "associate member" has opened an unusual debate about how closely a non-European country could work with the bloc without becoming a full member. European Commission President Ursula von der Leyen raised the possibility as...

Oil prices and US Treasury yields moving almost in tandem may appear to be a technical development confined to commodity and bond markets, but the connection has much broader consequences. Expensive oil raises the cost of energy for households and businesses, while rising Treasury yields increase...

The latest anxiety over artificial intelligence investment is less about whether the technology will continue advancing and more about whether spending can maintain its extraordinary pace. Years of aggressive investment have created a powerful chain linking AI developers, cloud companies,...

The rapid Houthi advance along Yemen’s Red Sea coast has transformed a long-running conflict into a wider strategic problem for Saudi Arabia and its Gulf neighbours. By gaining positions near the Bab el-Mandeb Strait and threatening an alternative route for Saudi oil exports, the Iran-aligned group...