Fewer than 20 ships transited key Strait of Hormuz over weekend
Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffi...
Walmart’s upcoming quarterly report will provide key insights into how inflation and potential tariffs are affecting U.S. consumer spending, especially as prices for essentials rise.
As the U.S. faces stronger inflation and uncertainty over President Trump’s tariffs, Walmart’s quarterly earnings report is expected to give investors a closer look at the health of consumer spending. With inflation pushing up the costs of goods and services, including food and gasoline, the retailer's performance will reveal whether these economic pressures are curbing discretionary spending.
Walmart, known for being a bellwether for U.S. consumer health, is seen as a key indicator of broader trends in the economy. Experts are particularly focused on how much higher prices are impacting shoppers' behavior. The report will be followed closely by other major retailers, as the fourth-quarter earnings season continues and the outlook for 2025 profits moderates.
Investors are watching for clues on how tariffs, especially the ones on Chinese imports, could affect prices and profits in the coming months. Walmart's response to these challenges will offer important insights into consumer sentiment and the overall retail sector's performance.
Iran on Saturday denounced U.S. plans to announce new sanctions that could put further strain on the Islamic Republic's economy and have an impact on its most important trading partners including China.
A large-scale drone attack has hit Russia's Samara region, damaging facilities and disrupting operations at an Ozon logistics complex, according to regional authorities and the company.
Ukrainian President Volodymyr Zelenskyy has rejected calls for a wartime election, arguing that holding a vote while Russia's full-scale invasion continues would divide the country and undermine national unity.
Azerbaijan and Uzbekistan have elevated bilateral ties with a Treaty on Eternal Friendship signed by Presidents Ilham Aliyev and Shavkat Mirziyoyev in Tashkent on 23 August. The leaders also agreed to expand trade, investment, transport, and regional cooperation.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 22nd of August, covering the latest developments.
AnewZ Business Europe, a new weekday programme, takes viewers inside companies driving growth and innovation across the continent, with Brickken CEO Edwin Mata joining the programme for its first episode with host Chief Global Editor Guy Shone. The show airs every Friday.
Once associated mainly with Muslim-majority countries, Islamic finance has become a global industry. Its assets reached around $5.98 trillion in 2024, according to ICD–LSEG, as more countries explore Shariah-compliant finance.
Fuel restrictions have returned to parts of Moscow and the surrounding region, adding another strain to Russia’s economy as refinery outages and rising imports weigh on the rouble.
Azerbaijan exported goods worth $17.372 million to Armenia between January and July 2026, according to data from the State Customs Committee, as commercial ties between the two South Caucasus neighbours showed signs of expansion.
Online fast-fashion platform Shein lost a London copyright lawsuit against rival Temu on Thursday over photographs used to promote some products.
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