I’m Chris Anstey, a senior editor for economics in Boston, and today we’re looking at the reshaping of US trade patterns. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here. US trade with … Read more
US Navy ships fired on a Houthi anti-ship missile in Yemen hours after a tanker operated on behalf of trading giant Trafigura Group carrying a cargo of Russian fuel was hit in the most significant attack yet by the rebel group on an oil-carrying vessel. The US Central Command said the Houthi missile was prepared … Read more
A fuel tanker operated on behalf of trading giant Trafigura Group. was struck by a missile as it transited the Red Sea, in the most significant attack yet by Yemen’s Houthi rebels on an oil-carrying vessel. “Firefighting equipment on board is being deployed to suppress and control the fire caused in one cargo tank on … Read more
The European Union is progressing with plans to apply a windfall tax to the profits generated by frozen Russian central bank assets, while opting not to seize the immobilized money outright. EU foreign ministers gave their political blessing to the windfall tax on Monday and it will be discussed by the bloc’s ambassadors later this … Read more
Turkish parliament is set to vote on Sweden’s entry into the North Atlantic Treaty Organization later this week, a senior government official told Bloomberg on Monday. Turkish President Recep Tayyip Erdogan’s AK Party, which commands a majority in the parliament together with its nationalist ally, will seek parliament’s approval to ratify Sweden’s long-awaited NATO membership, … Read more
Novatek PJSC’s gas-condensate terminal at the Russian port of Ust-Luga on the Baltic Sea was ablaze early Sunday, Leningrad region Governor Alexander Drozdenko said in a post on Telegram. The governor did not elaborate on the cause of the fire but local media outlet Fontanka said drones attacked the facility at 3:20 a.m. local time. … Read more
Five Arab nations are quietly touting a settlement for postwar Gaza for which they’ve secured the backing of the US. The problem is that the Israelis on whom the agreement depends aren’t buying it. That means the proposal, which its authors are calling the most plausible solution for long-term security in the region, is out … Read more
Pakistan’s military carried out targeted strikes against militant hideouts in Iran on Thursday, responding to an attack by Tehran a day earlier in a rare escalation of tensions that both sides signaled they don’t want to see get worse. Pakistan carried out morning strikes against “terrorist hideouts” in Iran’s Sistan and Baluchestan province, Pakistan’s Foreign … Read more
UK Prime Minister Rishi Sunak authorized joint military strikes with the US against Houthi rebels in Yemen and his Cabinet approved, a person familiar with the matter said, as the allies look to deter further attacks on commercial vessels in the Red Sea. Sunak’s Cabinet approved the decision on a conference call Thursday, with airstrikes … Read more
Mumbai’s $30 Billion Infrastructure Makeover: Coastal Road Project, MTHL, Metro Bloomberg Mumbai gets a makeover as India binges on bridges, roads and rail Reuters India No Bikes, Autos Allowed On India’s Longest Sea Bridge, Speed Limit Is… NDTV 22-km sea link: Gateway to a brave, new Mumbai Times of India Watch: This nighttime video of MTHL, India’s longest sea … Read more