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Cocoa: Has the Sweet Boom Come to an End?

The frenzy that gripped the cocoa market seems to be fading. In December 2024, the price per ton hit nearly $12,000, a historic high driven by fears of a worldwide shortage. However, since the summer of 2025, prices have dropped below $6,000, reaching their lowest point since February 2024, according to Bloomberg. This shift signals the end of a ...

Explosion on Board LNG Carrier Off Yemen, Fire Ongoing

A Cameroon-flagged LNG carrier issued a distress signal after an explosion on board off the coast of Yemen, British maritime security firm Ambrey and the EU naval mission Aspides said on Saturday. The incident occurred in the Gulf of Aden, about 60 nautical miles south of Ahwar on Yemen’s southern coast, according to Ambrey. The UK Maritime ...

EU States Agree to End Russian Gas Imports by End 2027

EU countries on Monday agreed to phase out their remaining gas imports from Russia by the end of 2027, breaking a dependency the bloc has struggled to end despite Moscow's war on Ukraine. Energy ministers meeting in Luxembourg approved a plan by the European Commission to phase out both pipeline gas and liquefied natural gas (LNG) imports ...

China Hawk Takaichi Named Japan's First Woman PM

Japan got its first woman prime minister on Tuesday after Sanae Takaichi, a China hawk and social conservative, forged an 11th-hour coalition deal. Japan's fifth premier in as many years will lead a minority government and has a bulging in-tray, not least a scheduled visit by US President Donald Trump next week. The lower house of parliament ...

EU Takes Aim at Plastic Pellets to Prevent their Nightmare Cleanup

At first glance, the tiny plastic pellets appear relatively harmless. No bigger than a lentil, these "nurdles" are destined to be melted down to make everything from car bumpers to salad bowls. But when tens of millions of them spill from trucks or cargo ships they are devilish to clean up, blighting landscapes and washing up around the world for ...

The Lebanese Demand Peace with Israel

"Break the taboos; we demand peace," declared Marcel Ghanem, host of Lebanon’s premier talk show. "Demanding peace [with Israel] is not a crime," he emphasized, challenging entrenched narratives. Marwan Hamade, a seasoned Druze lawmaker, appeared on I24 News (French service) to discuss Gaza, signaling a willingness to defy Lebanon’s surreal ...

Gold Falls Again as Rally Comes to Halt, Asian Markets Drop

Gold and silver tumbled for a second day Wednesday, bringing a rally in the precious metals to a juddering halt, while equities also sank after US President Donald Trump remarked that a meeting with Chinese counterpart Xi Jinping might not take place. Bullion has seen an eye-watering run-up since the turn of the year, helping it climb more than ...

Senate Panel Probes Hezbollah Links to Latin American Drug Trade

The US Senate Caucus on International Narcotics Control convened a hearing on Tuesday to examine suspected connections between Hezbollah and Latin American drug trafficking networks, as lawmakers warned of the group’s expanding footprint in the Western Hemisphere. Chaired by Senator John Cornyn (R-TX), the bipartisan session focused on ...

US Strikes on Alleged Drug Boats in Pacific Amid Rising Tensions with Colombia

President Donald Trump and his Colombian counterpart, Gustavo Petro, traded angry threats Wednesday as the United States announced strikes on two alleged drug-smuggling boats in the Pacific Ocean that left five people dead. Trump branded Petro a "thug" and suggested he was a drug trafficker leading his country to ruin, prompting the leftist ...

Trump’s Gaza Plan: Is Erdogan the Other Big Winner?

Long sidelined by the United States on Gaza and in wider regional affairs, Turkey is staging a forceful comeback, driven both by the fall of Syrian President Bashar al-Assad and the Gaza agreement brokered by US President Donald Trump. Ankara has played a pivotal role as intermediary between Hamas and Washington, helping to persuade the ...

Disney Pulls Out Of Paris Store Amid Shein Backlash

The company behind bringing Asian e-commerce giant Shein to a landmark Parisian department store suffered another setback Thursday as Disneyland Paris abandoned plans to open a pop-up boutique. Anger has been boiling since fast-fashion giant Shein announced earlier this month that it would open its first permanent physical store in November at BHV ...

Gilgeous-Alexander Hits Career-High 55 In Thunder Double Overtime Win

Shai Gilgeous-Alexander scored a career-high 55 points to lead reigning champion Oklahoma City over Indiana 141-135 in double overtime on Thursday in a historic rematch of last season's NBA Finals. Hours after the league was rocked by a massive illegal gambling probe, reigning NBA Most Valuable Player Gilgeous-Alexander dragged the Thunder to ...

Trump Says No Reason to Meet Xi, Threatens 'Massive' China Tariffs

US President Donald Trump said Friday he no longer feels a summit is necessary with Chinese counterpart Xi Jinping this month, slamming Beijing for hostile trade practices and threatening "massive" tariffs. "Some very strange things are happening in China! They are becoming very hostile," Trump said in a long post on Truth Social that railed ...

China says to Impose 'Special Port Fees' on US-Linked Ships

China said on Friday it would impose "special port fees" on ships operated by and built in the United States after Washington announced charges for Chinese-linked ships in April. Incremental fees on American ships will be collected at Chinese ports from October 14, Beijing's transport ministry said in a statement. The US shipbuilding industry ...

With Cash and Aid, Saudi Arabia Pursues Soft Power Push in Syria

After losing his arms in an ordnance explosion, Syrian teenager Mohammed Hasram was fitted with prosthetic limbs funded by Saudi Arabia, which is leveraging major investments and aid to gain influence over Damascus. Since the overthrow of President Bashar al-Assad in December, Saudi Arabia has showered the new leadership with millions of dollars ...

The Path to Peace Is Underway

Israeli Prime Minister Benjamin Netanyahu’s declaration on Sunday that peace with Lebanon and Syria is now “possible” may be the most consequential statement on regional diplomacy in years. Coming after decades of hostility, wars, and missed opportunities, the prospect of reconciliation with Israel’s northern neighbors is ...

Russia, Ukraine trade blame for deadly overnight strikes

The head of the Kremlin-backed government in annexed Crimea blamed Ukraine on Monday for a deadly drone strike, while Kyiv said a Russian attack had killed three people in the country's southeast. Sergey Aksyonov said the Ukrainian military had targeted the Crimean resort town of Foros, damaging the grounds of a sanatorium and a school ...

Aradina: A Green Boost for Lebanese Agriculture

Agriculture Minister Nizar Hani on Monday launched the Aradina project, a four-year program to be implemented in partnership with CIHEAM Montpellier, Action Against Hunger and Fair Trade Lebanon. Aradina is funded by the French Development Agency (AFD) and aims to support 2,500 farmers and 145 cooperatives across Lebanon in adopting sustainable ...

Iran's Carpet Industry Unravelling Under Sanctions

Once a symbol of cultural prestige, Iran's handmade rugs are no longer selling as fast as they once did, as sanctions weigh on an already troubled economy and buyers' tastes change. Commanding more than $2 billion in export revenues in its heyday of the early 1990s, the industry now struggles to scrape together around $40 million, marking a ...

Trump Announces Steep New Tariffs, Reviving Trade War

US President Donald Trump announced Thursday punishing tariffs on pharmaceuticals, big-rig trucks, home renovation fixtures and furniture, reviving his global trade war. The late evening announcement is the harshest trade policy by the president since last April's shock unveiling of reciprocal tariffs on virtually every US trading partner ...

Canada and Indonesia Seal Landmark Free Trade Agreement

Canada has signed a bilateral free trade agreement with Indonesia, which aims to eliminate or reduce tariffs on over 95 percent of Ottawa's exports to its largest market in Southeast Asia. Several experts told AFP the strategic agreement is being made in the context of global economic turmoil, exacerbated by the protectionist policies of the ...

Beirut Port Climbs to 54th in Global Ranking

The Port of Beirut has registered a major leap in the World Bank’s Container Port Performance Index 2024, published on Friday. It ranked 54th worldwide, consolidating its role as a key regional hub for logistics and trade. The rise marks a sharp improvement from 81st place in 2023 and 323rd in 2022, reflecting the port’s modernization ...

Trade War Redraws the Map: China Shifts Course

Since Donald Trump took office, Sino-American trade has sometimes resembled a high-stakes ping-pong match. Containers once destined for US ports now appear to have lost their way. In August 2025, exports to the United States fell 12% in a single month, representing around $5 billion worth of goods no longer crossing the Pacific, at least not ...

Patrick Watson’s ‘Uh Oh’: A Soundtrack to Unsettled Times

Top-streaming Canadian singer Patrick Watson says he called his new album Uh Oh, which released Friday, to capture the sense of fatalistic doom felt by many people when they wake up and read the news. The bilingual 45-year-old multi-instrumentalist, whose ballad Je te laisserai des mots is the most-streamed francophone title ever on Spotify, said ...

Nasrallah’s Assassination: Raoucheh Instead of Jerusalem

No one could have imagined it for a single moment. At the time, it never occurred to anyone that an operation of such magnitude was possible or even conceivable. The massive resources mobilized for the assassination of Hassan Nasrallah, exactly one year ago to the day, sent shockwaves not only through the ranks of the pro-Iranian party but also ...

Bottega Veneta Debuts Soft Functional Style at Milan Show

British designer Louise Trotter showed her debut collection for Bottega Veneta in Milan Saturday with a collection focused on "soft functionality", with structured clothes in supple, draped fabrics. In front of an audience that included actresses Uma Thurman and Julianne Moore, the models wore leather coats and suits with wide shoulders as well ...

Another Record High: Gold Shines Brighter Than Ever

Gold continues to break records. The price per ounce (31.1 g) rose 1.3% on Monday, reaching $3,809, its highest level ever. The precious metal has surged 45% since the start of the year and nearly 130% over three years, outperforming most other investments. Several factors drive this gold rush: geopolitical uncertainties, from Russia’s invasion ...

Trump Renews Tariff Threat on Movies Made Abroad

US President Donald Trump on Monday renewed his threat of imposing steep tariffs on films made outside the United States, claiming his country's industry has been "stolen" by others. Trump's remarks come shortly after he threatened a slew of new tariffs to be imposed this week on branded pharmaceutical products, furniture, as well as heavy trucks ...