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2026-07-07T13:43:15.600Z

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Iron ore surpasses $100 on Chinese demand cues

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Iron ore surpasses $100 on Chinese demand cues

Al Saudiy Al Alamiyah Al Sehhiyah Resigns Audit Head

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23 Hrs2026-09-07T07:05:09.866Z
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Al-Kathiri advises capital reduction to cover losses

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23 Hrs2026-09-07T07:04:54.200Z
Al-Kathiri advises capital reduction to cover losses

Al-Rasheed cleared to buy 50% Taff Shipping

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23 Hrs2026-09-07T07:04:44.282Z
Al-Rasheed cleared to buy 50% Taff Shipping

War causes looming fuel shortage

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23 Hrs2026-09-07T06:37:41.000Z
War causes looming fuel shortage
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U.S. Trade Deficit Widens as Imports of Capital Goods Reach Record High

U.S. Trade Deficit Widens as Imports of Capital Goods Reach Record High

The United States experienced a sharp expansion of the trade deficit in May, rising by 42.2% to reach $77.6 billion, according to the Bureau of Economic Analysis and Census Bureau. This increase was driven by a record-high import of capital goods valued at $128 billion, reflecting increased corporate spending on AI projects, while exports declined by 3.2% to $317.7 billion, despite oil exports reaching an all-time high. This trend indicates the continued negative impact of trade on U.S. economic growth in the second quarter.

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