War Financial News

Chicago: Leaders of an «Uncommitted» movement, which garnered hundreds of thousands of votes in Democratic primaries across the nation in protest of the Israel-Hamas war, have been negotiating for weeks to secure a speaking slot for a Palestinian American at the Democratic National Convention this week. The negotiations stalled late Wednesday when leaders with the Uncommitted National Movement say a Democratic National Committee official called and delivered a firm response: «The answer is no.» The leader, Abbas Alawieh, an «Uncommitted» delegate to the convention and co-founder of the movement, described the call as shocking after weeks of talks that he felt were positive. In response, he and other delegates decided to stage a sit-in outside Chicago's United Center, where the convention is being held. They spent the night on the sidewalk on Wednesday, and vowed to remain until their request was granted or the convention ended Thursday night. «When we ran out of options — doing everything we can and working from the inside, when we ran out of options as uncommitted delegates, we just sat down,» Alawieh said in an interview Thursday.

A French destroyer rescued 29 mariners from an oil tanker that came under repeated attack from Yemen's Houthi rebels in the Red Sea, while also destroying a bomb-carrying drone boat in the area

The family of West Virginia Gov. Jim Justice says it has reached an agreement with a credit collection company to avert the foreclosure of their historic hotel as he runs for U.S. Senate

Siddaramaiah on Thursday urged Union Steel & Heavy Industries Minister HD Kumaraswamy to resign from the Cabinet over approving 550 acres of forest land to an ‘unregistered company’ and face trial. He “now sheds tears, claiming, the signature isn't mine; it was forged,” the CM posted on X in continuation of a bitter war of words between the two top political leaders in Karnataka. Siddaramaiah took potshots at Kumaraswamy demanding his resignation over the Mysore Urban Development Authority (MUDA) alternative site allotment case though there was neither a note from him nor his signature. And the allotment did not take place during his tenure either. “Yet you demand my resignation?”

Prime Minister Narendra Modi has paid homage at the 'Good Maharaja Square,' a monument in memory of the late Maharaja of Jamnagar in Warsaw, the capital of Poland. According to the Indian Embassy website, eight Polish primary and secondary schools are named after Jam Saheb, known as 'Good Maharaja' in Poland. The memorial monument – comprising a small brick pillar with inscriptions on it – was unveiled in October 2014 at the Square of the Good Maharaja, Ochota district in Warsaw.

Modi on Thursday reiterated India's previous standing of supporting dialogue and diplomacy and said India is willing to help Ukraine and nations West Asia revolve its conflicts. While speaking at the joint press briefing with Polish PM Donald Tusk, the PM further said that India does not believe war to be a solution. «The ongoing conflicts in Ukraine and West Asia are a matter of deep concern for all of us. India firmly believes that no problem can be solved on the battlefield. The loss of innocent lives in any crisis has become the biggest challenge for the entire humanity. We support dialogue and diplomacy for the early restoration of peace and stability. For this, India is ready to provide all possible cooperation along with its friendly countries,» he said. The prime minister's comments came ahead of his first visit to war-torn Ukraine on Friday by the invite of Ukrainian President Zelenskyy. PM Modi also thanked PM Tusk for playing a crucial role in facilitating the evacuation of Indian students from Ukraine during the initial months of the start of the its war with Russia in 2022.

Walt Disney on Wednesday named board member and Morgan Stanley executive chairman James Gorman to chair its succession planning committee, which is looking for the next chief executive officer. The board has extended CEO Bob Iger's retirement date five times. Iger retired once and then was brought back in late 2022 to replace his hand-picked successor, Bob Chapek. Disney won a months-long proxy war with activist investor Nelson Peltz and is refocusing attention on finding Iger's successor.

A Greek-flagged oil tanker traveling through the Red Sea has come under repeated attack, leaving the vessel “not under command” and drifting ablaze in an assault suspected to have been carried out by Yemen’s Houthi rebels

The war, largely a grinding artillery and drone battle across the fields, forests and villages of eastern Ukraine, escalated on Aug. 6 when Ukraine sent thousands of soldiers over the border into Russia's western Kursk region. For months, Ukraine has also fought an increasingly damaging drone war against the refineries and airfields of Russia, the world's second largest oil exporter, though major drone attacks on the Moscow region — with a population of over 21 million — have been rarer.

A key crossing in Syria between an area held by the government and one held by the opposition has been closed again after violence followed its brief reopening this week

Mint columns that I debunk the super cycle theory in oil and gas. Part of the reason is I have seen the sale of “ghost ships" grow exponentially in the past 10 years. Most of the spike came after the Covid lockdowns in 2020.

117, the world's oldest person passed away and shared a heartbreaking farewell note. After French nun Lucile Randon passed away in January of last year at the age of 118, Maria Branyas Morera, a Spanish retiree, was awarded and felicitated with the amazing title of being the oldest living person in the world. Maria Branyas Morera, who survived two pandemics and two world wars, died peacefully and without pain in her sleep, just as she had desired. She gave great pieces of advice and will always be remembered for her kindness, as quoted in a report by The Sun.

Prime Minister Narendra Modi heads to Poland on August 21, the first visit by an Indian premier in 45 years, some focus will be on a forgotten slice of history during the turbulent Second World War in which two Indian rulers gave shelter and protection to thousands of Polish children and refugees caught in the crossfires of the biggest-ever conflict on earth. The PM is likely to pay a visit to the 'Good Maharaja Square' in Warsaw, which has been built to pay homage to the erstwhile ruler of Nawanagar, Maharaja Jam Saheb Digvijaysinhji Ranjitsinhji, who provided shelter to a group of Polish children who had been left homeless after Poland was ravished by the war. The Nawanagar ruler, along with Shrimant Rajarshi Chhatrapati Sahu Maharaj of Kolhapur provided housing and hospitality to an estimated 5,000 Polish citizens from 1942 to 1946 as the war raged in Europe.

Hamas said it was «keen» on reaching a cease-fire agreement with Israel, denying what it said were US claims it is stalling negotiations to end the devastating conflict in Gaza. The Palestinian militant group Tuesday said remarks by US President Joe Biden and his top diplomat, Antony Blinken, were «misleading and don't reflect the reality of the movement's position.» The comments came a day after Blinken met Israeli Prime Minister Benjamin Netanyahu and said the next step toward a truce is for «Hamas to say yes.» Blinken said Netanyahu had accepted a proposal the US is calling a «bridging agreement» to tide the sides over until they iron out the final details. Hamas said the proposal was different from a Biden-led plan unveiled in May, suggesting they are unhappy with Israel's latest demands. The two sides are meant to start a new round of negotiations in Cairo this week, but no date's been set for that yet. Egypt is mediating, along with the US and Qatar.

about whether they will be able to return to Bangladesh to complete their studies. Besides their safety, they are worried about the loss of their academic year and the recurring threat of internet shutdowns, which sever their only connection to loved ones back home. Reports of attacks on Hindus have also fuelled fears among Indian students.

Retail investors have grown used to riding the wave of the peaks and troughs over the last few years, from pandemic era paranoia to various macroeconomic events, including two ongoing wars.  When the S&P 500 plummeted by 5.9%, Nasdaq by 8% and the Tokyo's Nikkei 225 slid by as much as a 12% in the first five days of trading in August, according to data from MarketWatch, retail investors overwhelmingly opted against trimming their portfolios.  'Today is going to be carnage': How funds dealt with a week of market volatility Instead, many took advantage of the fire sale was underway w...

trade war between the world's two largest economies, Easy Signs would now be hiring dozens of workers at its factory in Allentown, Pennsylvania. It would be readying plans to build a second plant somewhere out West — Salt Lake City was a contender — generating another 100 jobs. Based in Australia, Easy Signs manufactures banners and marketing installations for corporate events, using huge printers to press logos and slogans onto rolls of cloth. Its American business has been growing 70% a year. Still, the company is putting off an expansion. Its cloth signs are displayed on aluminum stands made in China. Those products are now subject to a series of tariffs reaching as high as 365% under a policy set in motion by former President Donald Trump and continued by the Biden administration in the name of protecting American industry from Chinese government subsidies.

The ports of Los Angeles and Long Beach, which account for roughly a third of all US container imports, had their third-strongest month ever in July, just shy of an all-time high reached in May 2021. Back then, a wave of inbound consumer goods caused supply bottlenecks on land and a queue of cargo ships waiting for a berth offshore was getting longer by the day. Demand now is driven by retailers and other importers that are stocking up ahead of US tariffs on Chinese goods and a possible strike by a large group of American dockworkers — adding to the usual frenzy of pre-holiday ordering that occurs this time of year.

Biden addressed an adoring crowd at the Democratic National Convention in Denver, his smile radiating confidence about the country's future and his own journey. The soon-to-be vice president hugged his son Beau. He spoke about how his own parents had endowed him with a sense of grit and tenacity. «Champ, when you get knocked down, get up,» he recalled his father, Joe, saying. Biden then repeated the lesson taught to him by his mother, Catherine Eugenia Finnegan Biden, who was seated in the audience: «Failure at some point in your life is inevitable, but giving up is unforgivable.»

Here's a comprehensive look at what we know so far about the forthcoming season of this epic saga.

Israeli strikes killed at least 21 people in Gaza on Sunday, including six children, Palestinian health authorities said, ahead of a visit to the region by U.S. Secretary of State Antony Blinken to try to push forward ceasefire talks. The children and their mother were killed in an Israeli airstrike on a house in the central town of Deir Al-Balah, health officials said. There was no immediate comment from the Israeli military. The Israeli military said it destroyed rocket launchers used to hit Israel from the southern city of Khan Younis, the scene of intense fighting in recent weeks, and killed 20 Palestinian fighters.