U.S. Coast Guard Calls Off Search for Missing Fishermen off Port Lavaca
On Sunday, the U.S. Coast Guard suspended a search for a missing man and his son off the coast of…
Shipping Industry May Create the Very First Global Carbon Levy
At a March meeting of the UN International Maritime Organisation (IMO) in London, a majority of member states expressed support…
Internet Outages Highlight Africa’s Few and Faulty Subsea Cables
In mid-May, residents in East Africa woke up to internet disruptions that persisted for nearly a week. Preliminary investigations by…
Houthi Rebels Claim a Second Attack on Carrier USS Eisenhower
On Saturday, Yemen’s Houthi rebels claimed that their forces carried out six attacks on shipping in the Red Sea and…
What S&P’s ratings downgrade means for France
Standard & Poor’s (S&P) decision to downgrade its rating on France’s sovereign debt should in the short term deliver more…
Fitch Affirms Greece at ‘BBB-‘; Outlook Stable
Fitch Ratings has affirmed Greece’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB-‘ with a Stable Outlook. A full list…
Price cuts, weaker spending could bolster Fed’s faith in inflation outlook
Price cuts by major U.S. retailers and new data showing a slowdown in consumer spending may boost the Federal Reserve’s…
South Korea exports rise for eighth month, growth slows slightly
South Korea’s exports rose for an eighth straight month in May, led by robust chip sales though overall growth in…
S&P cuts France’s credit rating on deficit overshoot
Standard & Poor’s cut its rating on France’s sovereign debt on Friday, delivering a painful rebuke of the government’s handling…
ECB’s Centeno says May inflation uptick still allows to cut rates
An acceleration in inflation in the euro zone in May exceeded forecasts by 0.1 percentage points, which is not a…