North America

The top federal prosecutor of Brooklyn said he did not have any basis to dispute the 'U.S. The Department of Justice has decided to drop its case against Indian billionaire Gautam?Adani. However, he did not say whether he was in agreement with the decision. U.S. attorney Joseph Nocella Jr. wrote a letter to the judge overseeing the case on Friday, saying he "was not the decisionmaker" in the dropping of the 'case. He also said he had no reason to believe that the reasons given by Trent McCotter, the top Justice Department official who was his supervisor, were "not the...

Mexico's economy is sluggish due to weak investment, uncertainty about the USMCA review and a lack of confidence in the World Cup. Mexico hosted 13 of the 104 matches in this tournament. It is expected to end on Sunday, after more than a months worth of matches played across Canada, United States and Mexico. It fell short of the ambitious tourism targets set by officials to boost gross domestic product (GDP), a figure that contracted in the first three months. Humberto Calzada is the chief economist at Rankia. Calzada said the tournament is only a temporary stimulus to an economy...

Federal Aviation Administration announced on Friday that it would allow Boeing to begin issuing airworthiness certifications for all 737 MAX airplanes and 787 aircraft next week. This marks a major milestone for Boeing as it ramps production up. The FAA stated that the "decision was made after months of data analysis and safety reviews demonstrating consistent quality production and reflects FAA's faith in Boeing's capability to issue airworthiness certifications under FAA supervision." First reported by?. After a second MAX crash that killed two people in?Ethiopia in 2019, the FAA revoked Boeing’s authority to approve MAX aircraft, and Boeing 787 planes...

According to experts and satellite images, a vessel sanctioned for?moving Russian oil is likely to be leaking oil off the coast Oman in a marine protected area. According to data from ship tracking, the Caroline Bezengi vessel took "Russian oil" on board before departing for its latest voyage in Novorossiysk. The last time it sent a signal to the public AIS tracking system was on June 11, off the coasts of Yemen. Rentoor Shipmanagement of Shanghai, the owner listed in shipping databases, was not available for comment. The Oman Maritime Security Centre - and Oman's Environment Authority - did not...

Two Greek government officials stated on Friday that Greece objected to a'sanctions package' against Russia and warned the EU about a possible loss of market share by non-EU competitors if a ban was imposed on the transfer of Russian 'gas' to third countries. Two sources claim that European Union envoys were unable to reach an agreement on Wednesday on the 21st package against Russia because a number of countries, including Greece and Austria, objected. Lithuanian Foreign Minister Kestutis Budrys said on Monday that EU countries are undecided about tightening restrictions against Russian liquefied gas. Greece dominates Europe's market for LNG...

Here are some company news and stories that could impact the markets or stocks in France and Benelux. PARIS AIRPORTS/AIRFRANCE KLM: France’s civil aviation authority has asked airlines to reduce flights by 20% at Paris-Orly airport on Thursday evening, due to storm risk. Delays are also expected at Paris Charles de Gaulle Airport. AEROPORTS de PARIS SA : The Paris airport operator reported that June group traffic dropped 1.4%, to 33.4 millions passengers. It also revised its 2026 passenger traffic growth projection for Paris from a range of 1.5-2.5% to 0.5%. AEDIFICA: Aedifica, a Belgian investor in healthcare real estate,...

Mark Carney, the Prime Minister, said that Canada would not share toll revenue with the United States until Canada had recovered its initial investment. The delay in opening the Gordie-Howe bridge, which was paid for by Canada has caused tensions between the United States, and Canada. This is at a time when the two countries are trying to update their trade agreement. Donald Trump, the U.S. president, said last week that he had negotiated "a better deal" with Canada to enable the U.S. bridge's July 27 opening. Carney was criticized by political opponents for caving in to the U.S., after...

Iraq temporarily suspended oil loadings at its Basra terminal on Thursday before they were resumed, according to four Iraqi sources in the oil and security industries. Sources added that the drone was not damaged or set ablaze and that it wasn't immediately apparent who launched it. The head of Iraq's state-owned oil marketing company SOMO said that the incident did not involve a direct assault on terminals or vessels. It is not targeting Basra Oil Terminal. It is not targeting Basra Oil Terminal. Ali Nazar stated that loading is done at the normal rate, depending on vessel availability. A spokesperson...

India's Customs Authorities have joined the Health Ministry in a fight against Adani Group for the sale of nicotine sachets at airports. They claim that duty-free shops are only tax-advantageous and not immune to other regulations. The sale of nicotine pouches in duty-free shops at the Mumbai airport owned by billionaire Gautam Adani was found to be illegal during a March inspection. His company is now appealing this decision at the Mumbai High Court. The customs department stated that the concept of "goods being outside customs borders" for taxation reasons "doesn't grant immunity from regulatory control," in a document submitted...

According to a memo obtained by the media, Sultan Ahmed Bin Sulayem will be taking over as the new CEO of?Malaysian company MMC Port Holdings. The group chief executive is leaving his post immediately. Emirati bin Sulayem is now the executive chairman of MMC. He resigned in February from Dubai's DP World after the Department of Justice released emails between Jeffrey Epstein and the company. Bin Sulayem did not comment publicly on the emails he exchanged with Epstein who died in prison in 2019 while waiting to be tried for'sex trafficking' charges. Bin Sulayem was not immediately available. The MMC...

Shipping data revealed that the number of tankers traversing the Strait of Hormuz dropped to its lowest level in two months in the last day, after renewed strikes between Iran and the U.S.?and attacks against vessels raised safety concerns. Shipping industry sources say that vessels are increasingly turning off their public AIS?transponders. This makes it difficult to count the total number of ships on the waterway. According to Kpler's analysis, based on the data available, oil and gas tanker traffic has fallen to its lowest levels since May 25. In a recent report, ship broker Gibson stated that the world...

Drones are cheap, mass-produced and have revolutionized modern warfare. They expose critical energy infrastructure to be the Achilles heel of modern economies. Unmanned aircraft have proven to be able to evade air defences on the battlefields in Ukraine, Russia, and?the Middle East. This has made oil refineries and power stations as well as export terminals, pipelines, and even power plants, prime targets. The implications for the energy sector are huge. Drones that cost a few hundred dollars or a few thousand dollars each can threaten facilities that have taken decades to build and billions to invest in. This shifts the...

CPC announced on Sunday that two?oil tanks were attacked by a gang of armed men at a terminal near the Black Sea coast in?Russia. Oil loadings have been suspended. CPC reported that the ASIA and NISSOS tanks were attacked during loading operations. CPC said that the ASIA tanker caught on fire and was put out. CPC employees and contractors were not injured or killed. CPC confirmed that there was no oil spill, adding that the tankers were still afloat. CPC has not identified any party responsible for the incident. In the past week, both Russia and Ukraine have intensified their...

CPC reported that two drones attacked and damaged an oil tanker, which was chartered to load oil at the Caspian Pipeline consortium terminal near Russia's Black Sea coast. ExxonMobil was said to have chartered the Suezmax class Nordic Zenith. CPC has not identified any party responsible for the incident. In the past week, both Russia and Ukraine have intensified their attacks on shipping in the Black Sea and Azov Seas. This marks a new phase in a war which has been fought mainly on the ground. CPC stated in a press release that a fire had broken out on the...

Kuwaiti authorities reported?on?Friday that an Iranian attack?hit one of Kuwait's power generating and?water -desalination stations, causing a fire, damage, and the interruption of a number of electricity generation units. The Ministry of Electricity, Water and Renewable Energy reported that firefighters brought the fire under control, while technical teams assessed the damage, secured the station and worked to restore service as quickly as possible for the affected electricity generation units. Iran claimed to have launched a new attack on U.S. military facilities in the Middle East on Friday. This included 'the first direct attack on Syria, following a sixth night of...

Three sources have confirmed that Saudi Arabia's ROSHN group is looking for investors to help finance its Aramco stadium, which will host the FIFA World Cup in 2034. The state-backed developer wants to free up capital so it can deliver projects as part of the kingdom's economic transformation strategy. Saudi Arabia is relying more on outside capital as it tries to reduce its dependence on oil and gas revenues. Two sources who declined to be identified because the matter was not public said that JPMorgan had hired ROSHN to manage the equity raising process. According to a third source, PIF...

The administration of New York Governor Kathy Hochul on Wednesday condemned an "ongoing outage" on the Champlain-Hudson Power Express transmission line. She had championed the $6 billion project to reduce the use of dirty oil-fired power plants and increase the razor-thin'state grid's buffer against unforeseen events. According to the latest transmission outage calendar from grid operator New York ISO, the?1,250 megawatt Champlain Hudson Power Express is expected to remain offline until July 31. New York ISO's data previously indicated that CHPE would not be in service until the end of this week. New York ISO didn't respond to a request...

Three sources have confirmed that Saudi Arabia's ROSHN group is looking for investors to help finance its Aramco Stadium which will host the FIFA World Cup in 2034. The state-backed developer wants to 'free up capital' so it can deliver projects as part of the Kingdom's economic transformation plan. Saudi Arabia is increasingly relying on outside capital for funding projects in tourism, sports, and logistics to reduce the economy's dependence on oil and gas revenues. Two sources who declined to be identified because the matter was not public said that JPMorgan had hired ROSHN to manage the equity raising process....

Freeport LNG’s export -plant in Texas is on track to 'take in more natural gas Thursday' after all three liquefaction -trains closed on?Wednesday.?According to a report from the company and data provided by financial firm LSEG. Freeport's liquefied gas export plant is closely watched around the globe because its shutdown and restart caused massive price swings on global gas markets. U.S. gas costs usually fall when Freeport closes because demand for fuel drops. However, they typically increase as liquefaction trains restart at Freeport and demand increases. The return of Freeport is partly responsible for the increase in U.S. gas futures....

Port of Los Angeles, the busiest U.S. seaport for container shipping, said on Wednesday that it had set a record for June cargo as shippers, from retailers to data center builders, rushed to import goods in order to avoid increased fuel costs and U.S. tariffs. Executive director Gene Seroka stated that the Southern California port handled 1,002,734 TEUs last month. This is 12% more than June 2025. It marks the "third time" the 118 year old trade gateway has exceeded the 1,000,000 TEU mark. Port data shows that June imports increased by 13%, to?530.558, and exports rose 0.2%, to 126.365....

The largest U.S. grid operators PJM issued a series warnings on Wednesday as temperatures soared, and congestion in transmission lines increased the spot price of wholesale electricity. PJM warns of low voltages and heavy loads on transmission lines. PJM data showed congestion on transmission lines, especially around Northern Virginia, which is home to the world's largest concentration of data?centers. According to the latest results of its annual capacity auction, PJM announced on Tuesday that it would cost more than $16 billion to ensure 'enough electricity supply to cover the most-demand days in the grid,' according to the company's report. PJM...

In the last two weeks, Ukrainian forces have intensified their attacks on Russia's infrastructure for energy. Fuel shortages are worsened by the drone attacks in Russia. People have reported high prices and long lines at fuel stations in most regions. Here is a brief summary of recent attacks, starting with the latest. SALAVAT According to industry sources, the Salavat Petrochemical Complex, located in Bashkortostan's Urals region, stopped operations on July 14th following an attack by a Ukrainian drone. A fire broke at the Afipsky refinery, in southern Krasnodar Region of Russia. The cause was drone debris that fell from the...

A State Department official stated on Tuesday that the United States is supporting Iraq and Syria in their efforts to revive an oil pipeline between the two countries. This could reduce Iran's ability to block oil through Strait of Hormuz. The U.S. is expecting American companies to be involved in the construction of the Kirkuk-Baniyas Pipeline, which has been largely out-of-service since it was damaged during the 2003 U.S. led invasion?of Iraq. The pipeline will run from the Iraqi oilfields in Kirkuk all the way to 'Syria’s western coast. This is just one of several attempts by oil producers to...

PJM Interconnection held its 'latest annual capacity sale on Tuesday,' with power prices nearing record highs of $325 per'megawatt-day. This is the maximum price allowed by a temporary cap set by the U.S. largest grid operator in order to reduce rising bills for businesses and households. The auction is aimed at securing sufficient electricity to cover high-demand days in the PJM grid, which covers 13 states of the Mid-Atlantic region and Midwest. Prices have risen in recent years largely because demand from data centres has outstripped supply. PJM failed to meet its reliability requirements for the second time in a...