Israel Has Killed at Least 713 Palestinians in Gaza Since Signing Trump-Backed ‘Ceasefire’ Deal: Health Ministry

Russia and Ukraine have accused each other of violating a three-day ceasefire that President Trump announced on Friday, following a pattern of most short-term truces that have been attempted in the four-year-old conflict. Trump said in a post on Truth Social that the ceasefire would be observed from May 9 to May 11 to mark […]

Gulf Energy Shock Spreads To Global Plastics As War Sparks Force Majeure Wave Building on our earlier "Global Demand Destruction" note, which mapped how the Gulf energy shock is spreading globally and the immediate effects of rationing, price controls, and fuel shortages, another second-order disruption is quickly emerging: supply chain disruptions in critical plastic feedstocks. Plastics are core to the modern economy, and a troubling new Bloomberg report indicates that several producers of monoethylene glycol (MEG) and purified terephthalic acid (PTA) have declared force majeure, as tanker flows through the Strait...

The Canadian government has responded with retaliatory tariffs on $20 billion worth of US goods after Washington slapped major duties on Canadian products. The new tariffs imposed by Ottawa will target the American steel industry, farm equipment, and dairy goods, among other imports. Imposed on Tuesday, the Canadian counter-tariffs will range from 15% to 50%, […]