The Panama Canal is, in many ways, the Panama economy. It hands over about $1 out of every $4 the government takes in, generating a constant stream of cash that flows through all corners of the small country.
The military commander of Islamic State’s Mozambique affiliate, which has held up natural gas projects by TotalEnergies SE and ExxonMobil Corp. worth about $50 billion, has been killed in battle, the government said.
Oil rose, paring some of its weekly decline, as Federal Reserve Chair Jerome Powell’s speech on the path for interest rates largely matched traders’ expectations.
Estonian Prime Minister Kaja Kallas’s husband said he’ll exit a logistics company that exports to Russia as the premier faces increasing pressure to resign.
The United Auto Workers gave union leaders permission to call a strike against the biggest US carmakers if they fail to agree on a new contract before Sept. 15, a procedural formality that sets the stage for three weeks of tough negotiations.
Belarusian President Alexander Lukashenko said the plane crash that killed Yevgeny Prigozhin was too unsophisticated to have been an assassination plot by Vladimir Putin, even as he said he warned the Wagner leader his life was in danger.
US aviation regulators issued a safety alert reminding airline ground workers who guide planes and load baggage to take additional steps to prevent injuries and fatal accidents.
The Texas Attorney General’s Office ruled that Wells Fargo & Co. can continue underwriting municipal-bond transactions in the state after probing the bank’s policies on the firearms industry.
Since the height of the Cold War, the rules governing the safety and security of the global nuclear industry have been decided behind closed doors by a 35-member board that excludes some of the major players in the business. The world’s biggest uranium producer is trying to shake up the status quo.
Sanctions relief could boost Venezuelan production to just short of 1.1 million barrels a day by the end of 2024, with most of those barrels coming to the US, according to Rapidan Energy Advisors.
