Business

Campaigners denied appeal over Gatwick expansion

An application to stop the two-runway operation is rejected, with judges calling it "unarguable".

Guyana Ring-Fencing Gap: Critics Say Exxon Deal Costs Billions

Energy: Guyana Key Facts —Issue. Critics argue Guyana’s ExxonMobil-operated Stabroek Block production sharing agreement lacks a “ring-fencing” clause, letting costs from new developments be recovered against the earnings of producing…

South Africa: Eskom Reports 441 Days Without Load Shedding

[SAnews.gov.za] South Africa has reached 441 consecutive days without load shedding, as Eskom reports continued improvements in generation performance, reduced reliance on diesel and lower levels of unplanned outages.

SBP caps bank charges on digital sales of petroleum products to minimise burden on fuel stations

ISLAMABAD: Following demands from petroleum dealers, the State Bank of Pakistan (SBP) has capped bank charges on sales of petroleum products through digital payment methods — including debit and credit cards and online transfers — to…

Payments firm FIS shares slide after outlook cut

Pilots’ Strike Strands 140+ Ships on Argentina’s Paraná River

Shipping: Argentina Key Facts —Cause. The disruption is a river pilots’ strike, not drought: prácticos and baqueanos stopped work in protest at Decree 690/2026, which deregulates their profession. —Scale. About 140 vessels were stranded…

Chevron Lifts Venezuela Oil Output to 280,000 bpd on US License

Energy: Venezuela Key Facts —Output. Chevron told investors its Venezuelan joint ventures reached about 280,000 barrels per day in the first half of 2026, roughly 15% higher than the prior six months. —License. The production runs under US…

Brazil’s Copom Set to Cut Selic to 14% in Wednesday Decision

Markets: Brasília Key Facts —Decision. Brazil’s Monetary Policy Committee (Copom) announces its next interest-rate decision on Wednesday, 5 August 2026, after a two-day meeting. —Consensus. The clear market consensus is a fourth straight…

Southern Copper Marks 30 Years on NYSE After CEO’s Death

Mining: Peru Key Facts —Milestone. Southern Copper is marking 30 years of trading on the New York Stock Exchange, having first listed its shares on the first business day of 1996. —Leadership. The milestone comes after the sudden death of…

LATAM Airlines Approves Buyback of Up to 5% of Its Shares

Markets: Santiago Key Facts —Decision. LATAM Airlines shareholders approved a new program to repurchase up to 5% of the group’s stock — about 28.71 billion shares — at an extraordinary meeting held on 3 August 2026. —Scale. With a market…

Bessent says U.S. backed Japan’s yen intervention to help stabilize Asia

Treasury Secretary Scott Bessent said the U.S. bought yen alongside Japan to curb currency volatility and reduce risks to Asian markets.

Russia's Alrosa holds 50% of world's diamond reserves — Putin

The head of state specified that the company's output figures accounted for about 30% of global production