Headline PCE 'Deflates' In June, First Time Since COVID

One of the industries hardest hit by the spike in fuel prices caused by the Iran War is airlines. Jet fuel prices have doubled since the start of the war. Airlines have reacted to the fuel price increase by raising fares and baggage fees, as well as by cutting routes. Raising prices is not a […]

South Korea Gives Almonty's Major Tungsten Mine Final Green Light To Supply The West Bloomberg reports that Almonty Industries has secured final administrative approval from South Korean authorities to commercially process tungsten at its Sangdong mine. The approval positions Sangdong to begin supplying major Western customers and accelerate supply chain decoupling from China for the critical industrial metal. As Beijing restricts tungsten exports, the West's looming rearmament cycle adds urgency to securing conflict-free supplies. South Korea granted Almonty inspection certificates last Thursday that authorize commercial operation of Sangdong's processing plant and...

Buildings Collapse After 7.8 Magnitude Earthquake Strikes Philippines; Tsunami Warnings Issued A powerful 7.8-magnitude earthquake struck off the coast of Sarangani province in Mindanao early Monday morning, triggering tsunami warnings and causing reported building collapses in the General Santos area. The quake hit at approximately 7:37 a.m. local time, with its epicenter located roughly 26 kilometers southwest of Kablalan in Sarangani Province. The U.S. Geological Survey recorded the event at magnitude 7.8, while the Philippine Institute of Volcanology and Seismology (Phivolcs) initially reported a preliminary magnitude of 7.0. Tsunami Warning Issued Phivolcs immediately...