
Cuba needs a long-term solution to its energy crisis
May 22, 2026 13:20 pm UTC| Insights & Views Economy
Cuba has run out of oil, the countrys energy minister announced on May 14, 2026. It marks a new depth to the islands energy crisis, which has gotten worse in recent months amid the tightening of U.S. sanctions imposed in...

ECB Warns Euro Zone Inflation Will Keep Rising Despite Strait of Hormuz Reopening
May 22, 2026 10:06 am UTC| Economy Central Banks
European Central Bank President Christine Lagarde warned that inflation in the euro zone is expected to continue rising due to the ongoing Iran war, even if the Strait of Hormuz reopens immediately. Speaking on Friday...

Iran-U.S. Talks Continue as Strait of Hormuz and Uranium Dispute Stall Peace Efforts
May 22, 2026 10:00 am UTC| Politics Economy
Irans Foreign Minister Abbas Araqchi met Pakistans Interior Minister Syed Mohsin Naqvi in Tehran on Friday to discuss proposals aimed at ending the ongoing U.S.-Israeli conflict, according to Iranian media reports. The...

Gold Prices Slip as Iran Conflict and Fed Rate Hike Fears Weigh on Market Sentiment
May 22, 2026 00:56 am UTC| Economy
Gold prices edged lower during early Asian trading on Friday, with investors remaining cautious amid ongoing uncertainty surrounding the Iran conflict and the potential impact on U.S. interest rates. The precious metal was...

Trump Signals Tough Stance on Iran Uranium Stockpile as Nuclear Talks Show Limited Progress
May 22, 2026 00:43 am UTC| Politics Economy
U.S. President Donald Trump intensified pressure on Iran Thursday, declaring that Washington would eventually seize Tehrans highly enriched uranium stockpile amid ongoing but fragile diplomatic negotiations over Irans...

Trump to Swear In Kevin Warsh as New Federal Reserve Chair Amid Inflation Concerns
May 22, 2026 00:16 am UTC| Politics Economy Central Banks
U.S. President Donald Trump is set to officially swear in Kevin Warsh as the new chair of the Federal Reserve on Friday at the White House, marking a major leadership shift at the U.S. central bank. Warsh was confirmed by...

Dollar Eases as US-Iran Peace Deal Report Impacts Forex and Bond Markets
May 22, 2026 00:12 am UTC| Economy
The U.S. dollar trimmed earlier gains on Thursday after reports emerged that Washington and Tehran had finalized a draft peace agreement aimed at easing Middle East tensions. The news influenced global forex markets, bond...