US-Philippine Joint Military Drill Targets “Real-World Conditions”

The Philippines and the US opened Balikatan 2026 on Monday with their broadest and most multinational iteration yet, turning this year’s exercise into a test of whether allied forces can operate under what Manila called “real-world conditions” across the archipelago’s most strategically exposed zones. The drills run through May 8 and bring together more than […]

Kuwait Triggers Force Majeure On Hormuz Oil Shipments

Kuwait has formally shifted the Strait of Hormuz disruption from market anxiety to contractual reality, declaring force majeure on crude oil and refined product shipments. State-run Kuwait Petroleum Corp. notified customers on Friday, according to a document obtained by Bloomberg News, though the notice does not mean all supplies stop immediately. A force majeure declaration […]

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Carney Cuts Gas Tax But Canadians May Still Be Paying More

Prime Minister Mark Carney’s gas-tax break is real on paper, but the immediate savings for drivers may be far less visible than expected because the federal tax suspension begins just as more expensive summer gasoline arrives and crude markets lurch higher again. Ottawa announced that it would suspend the full federal excise tax on gasoline […]

Tesla Reportedly Avoided U.S. Taxes by Shifting $18 Billion in Profits Offshore

Tesla (NASDAQ: TSLA), the electric vehicle giant, has reported zero federal tax liability in the United States for each of the last twenty years, except 2023, despite generating U.S. revenues of $264 billion over the past two decades. A detailed analysis conducted by Reuters reveals the company likely saved over $400 million in U.S. taxes […]

Canada’s March Inflation Heats Up to 2.4%

Canada’s inflation rate accelerated to 2.4% in March as a war-driven gasoline shock pushed consumer prices sharply higher, lifting headline CPI from 1.8% in February even as the result still came in below economist expectations for 2.6%. On a monthly basis, the consumer price index rose 0.9%, also below the 1.1% median forecast, but still […]

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Agnico Eagle Bets $3.7 Billion to Sweep Up Finland’s Gold Belt In Mega Deal

Agnico Eagle Mines (TSX: AEM) is placing a massive bet on the frozen ground of Northern Finland, launching a three-pronged acquisition strategy to consolidate one of the world’s most promising gold districts. The Toronto-based miner announced Monday a series of definitive agreements to take over the Central Lapland Greenstone Belt, a move that effectively turns […]

Bulgaria Gave Its Russian-Leaning New PM A Decisive Mandate

Bulgaria’s recent parliamentary election produced the country’s strongest political mandate in years, with former president Rumen Radev’s Progressive Bulgaria taking 44.7% of the vote after 91.68% of ballots were counted. The win trails the runners-up GERB at 13.4% and the reformist We Continue the Change-Democratic Bulgaria bloc at 12.9%. Sunday’s vote is the latest in […]