Canada’s largest grocery chain, Loblaw Cos., is reinstating country-of-origin labels and maple leaf symbols in its stores to help shoppers identify Canadian-made products as U.S.-Canada trade tensions escalate. The move follows new U.S. tariffs on Canadian goods and Canadian counter-tariffs…
U.S. distillate fuel oil inventories—primarily diesel—plummeted to 103.4 million barrels in the week ending August 21, marking the lowest seasonal level on record since the early 1980s, according to Energy Information Administration data released August 26. The decline reflects soaring…
Hyundai Motor Group has launched its most aggressive product offensive to date, announcing plans to introduce more than 100 new or refreshed models globally by 2030. The strategy, unveiled at Hyundai’s CEO Investor Day in Seoul on August 26, 2026,…
Iran and Oman have reached a revenue-sharing agreement concerning the Strait of Hormuz, a critical waterway that previously handled roughly one-fifth of global oil and liquefied natural gas (LNG) trade before the conflict. The announcement came from Iran’s Revolutionary Guard…
The United States and Canada have escalated their trade dispute with new tariffs, but analysts believe the neighboring countries still have room to negotiate a resolution before a full-blown trade war erupts. On August 25, the U.S. imposed 50% tariffs…
The U.S. economy expanded at a sluggish 1.5% annual rate in the second quarter, down from 2.1% in the first quarter, according to the Commerce Department’s Aug. 26 report. Consumer spending, which drives roughly 70% of U.S. economic activity, surged…
Global oil prices slid on August 26, 2026, as geopolitical tensions with Iran intensified following new U.S. sanctions announced earlier in the week. Brent crude, the international benchmark, dropped 2.4% to $85.17 per barrel, while U.S. benchmark crude fell by…
Chinese tire giant Prinx Chengshan Holdings has posted a strong first-half performance for 2026, with profits and revenue both rising year-on-year. The group sold 14.8 million tires in the first six months, up 4.4% compared to the same period last…
JK Tyre & Industries reported a 2% year-on-year rise in consolidated revenue to INR39.56 billion (€360 million) in Q1 FY2027, but earnings before interest, taxes, depreciation, and amortization (EBITDA) plunged 36.8% to INR2.68 billion. The company cited strong demand across…
A South Korea-based energy shipper has shattered the Panama Canal transit auction record by paying $5.3 million for a September 1 slot, Bloomberg News reports. SK Gas Ltd. secured the record fee through a canal authority auction this week to…