IMF cuts 2026 world growth forecast, citing Iran war fallout
Global economy to grow 3 percent in 2026, as AI demand partly offsets energy shock from Iran war, IMF says.
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After Iran war upheaval, global shipping eyes return to status quo
Industry known for its resilience is likely to emerge from war relatively unchanged, analysts say.
![The Strait of Hormuz remains a critical chokepoint for global energy supplies, with disruptions likely to influence fuel costs, trade and economic planning across Africa [Amirhosein Khorgooi/ISNA via AP]](https://www.aljazeera.com/wp-content/uploads/2026/07/AP26124419258830-1783382378.jpg?resize=770%2C513&quality=80)
Canada picks Germany’s TKMS for new submarines
The German-owned naval shipbuilder made the bid with NATO ally Norway, beating out South Korea’s Hanwha Ocean.
US judge tosses out Musk’s bid to void Twitter fraud verdict
Jurors had found owner Elon Musk liable for tweets questioning whether Twitter was overrun by fake and spam accounts.
ANALYSIS
From Manchester to Downing Street: What Burnham could mean for Palantir
A 330 million pound NHS contract – and Palantir’s wider role in UK government – hangs on Andy Burnham’s next move.
Iran’s China envoy vows ‘special’ Hormuz treatment for ‘friendly’ countries
Despite US objections, ambassador insists new fees to be charged to vessels transiting Strait of Hormuz.
US heatwave raises alarms over AI data centre energy demands
US heatwave exposes critical strain on power grids from growing energy demands of AI data centres.
$500m for Trump, access for Pakistan: How a crypto-diplomatic bet paid off
The crypto firm that brought Trump a windfall has also allowed Pakistan to gain clout with US administration.
Canada’s Carney secures deal for pipeline to expand oil exports beyond US
Ottawa says future pipeline will reduce economic dependence on the US amid Donald Trump’s trade war.
Trump administration aims to cut regulations on US commercial fishing
Scallop fishing had been banned in the New England waters since 1994 on account of overfishing.
UK’s likely next PM Andy Burnham faces defence funding gap
Defence Secretary Dan Jarvis is facing questions over the funding gap and whether Burnham was blindsided.
