newsmart – Business

theguardian.com | 1 hrs. 25 min. ago

Crossbench MPs launch push to stop Australian military exports being used in human rights breaches

‘Red lines’ legislation would forbid defence equipment technology or services being used, includes parts for F-35 fighter jetsGet our breaking news email, free app or daily news podcastCrossbench MPs including David Pocock and Sophie Scamps will put pressure on the Albanese government to ban Australian goods from being used by the Israeli military – including for F-35 fighter jets – by introducing a bill designed to force it to adhere to international obligations.The group’s “red lines” legislation, to be presented on Monday, would outlaw defence equipment, technology or services being used where they could breach Australia’s international human rights obligations. Continue reading...

thebulwark.com | 3 hrs. 53 min. ago

Here’s How You Know Trump’s Canada Tariffs Are Bombing

They’re costly, voters hate them, and they threaten supply chains vital to the U.S. auto industry.

theguardian.com | 22 hrs. 17 min. ago

Saudi Arabia shuts down key oil pipeline, blaming drones from Iraq

Riyadh has increased use of East-West pipeline since start of war on Iran to bypass closure of strait of HormuzSaudi Arabia has shut down a critical oil pipeline, accusing militants in Iraq of launching drone attacks on the export route being used to bypass the lockdown of the strait of Hormuz.The world’s largest ⁠crude oil exporter has increased its use of the 745-mile (1,200km) pipeline running across the Arabian peninsula, which links Abqaiq, near the Gulf, to the port of Yanbu, on the Red Sea, since the US-Israeli war against Iran began. Continue reading...

koreatimes.co.kr | 1 days ago

President Lee reassures public over oil prices amid escalating Middle East tensions

President Lee Jae Myung reassured Koreans on Saturday that the government is taking all necessary measures to stabilize oil prices amid a surge in global crude prices caused by escalating tensions in the Middle East. In a post on the social media platform X, Lee highlighted the government's efforts to diversify crude oil imports to reduce the country's reliance on the Middle East, with the region's share of imports falling from about 70 percent to 50 percent. He also cited measures including oil price caps, export controls and a strategic oil reserve swap system. Lee reaffirmed the government's commitment to cracking down on oil hoarding and price collusion, while compensating local refiners for losses stemming from government price stabilization measures. "You don't have to worry about oil prices at all," Lee wrote. The remarks came as disruptions in the Red Sea and the Strait of Hormuz fueled concerns over global energy supplies, pushing oil prices back above $100 per barrel. Adding to the supply concerns, Saudi Arabia shut down its East-West pipeline after the key oil conduit came under

npr.org | 1 days ago

Yemen's Houthis capture a Red Sea island in threat to shipping

Iranian-backed Houthi rebels in Yemen have captured a strategic island in the Bab el-Mandeb Strait. The move threatens Saudi oil exports through a key commercial lane. And Saudi Arabia said it shut down a major oil pipeline as a precaution after it came under attack.

al-monitor.com | 1 days ago

Saudis shut down oil pipeline as Houthis tighten grip on Red Sea shipping

By Mohammed Ghobari, Eman Abouhassira and Yasmine GhaniaADEN/DUBAI, Sept 12 (Reuters) - Saudi Arabia has shut down its East-West pipeline after the vital oil conduitcame under aerial attack in the widening Middle East war.The world’s largest crude oil exporter temporarily closed the pipeline after a drone attack that both Baghdad and Riyadh said had originated in Iraq, where Iranian-backed militias operate. Iraq dismissed a military commander on Saturday in response to the attack.

france24.com | 1 days ago

Iran-backed Houthis seize near control of vital Bab el-Mandeb shipping lane

Yemen's Iran-aligned Houthi rebels captured the strategic Perim Island in the Bab el-Mandeb Strait, located at the southern entrance to the Red Sea, officials said on Friday. The lightning move opens a new front in the Iran war and threatens energy supplies, especially Saudi oil exports, from passing through one of the world's key shipping lanes.

theguardian.com | 1 days ago

Man To Man review – Tilda Swinton’s perfect pacing makes this multi-character monologue compelling

Royal Court Theatre, LondonStarting in Germany in the 1930s, there is a stinging topicality to Manfred Karge’s play addressing the renaissance of Nazi ideologyEarly autumn London theatre has already featured two Oscar winners: Cate Blanchett in Electra / Persona and Mark Rylance in Tartuffe (Remixed). Now Tilda Swinton makes a trio. This shows the commendable dedication of some screen talent to theatre but also the box office need, in recessions, for famous faces. Unusually, there was a first night red carpet outside the Royal Court, leading a writer long associated with the venue to express “shock” to ushers at such Hollywood vulgarity.Swinton is reprising Manfred Karge’s Man To Man, which she first performed 39 years ago, in a production heading to Edinburgh, Berlin and New York. The piece is a multicharacter monologue starting in Germany in the 1930s. When her husband, Max, dies, Ella Gericke puts on his clothes and takes over his job as a crane operator. She seems to act from some combination of bereavement denial, cross-gender curiosity and proto-feminist belief in equal employment. Continue reading...

newsbeep.com | 1 days ago

The Bab al-Mandeb Strait, a lifeline for the global economy, is in jeopardy

London —  A narrow waterway located at the mouth of the Red Sea between Yemen and Djibouti has provided…

nytimes.com | 1 days ago

Saudi Oil Exports Face Heightened Threats After Attacks on Pipeline

Ship operators already faced severe risks in navigating the region, and now the danger is higher as Houthi militias assert control in the Red Sea.

ecb.europa.eu | 1 days ago

Philip R. Lane: Outlook for the euro area economy