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August 11, 2026

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TUESDAY, AUGUST 11, 2026

global economy

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global economy

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Elon Musk attends the US-Saudi Investment Forum in Washington, DC, US on November 19, 2025. Photo: Reuters

SpaceX falls 16% in worst drop since IPO as market pressure builds

SpaceX dropped 16.4% in its largest single-day decline since its 12 June initial public offering (IPO), ending a three-day losing streak that has erased much of its post-listing gains

Representational image. Photo: Collected

Global business leaders back faster electrification shift

Secret Service police members walk down the stairs at Buergenstock Resort Lake Lucerne on the day of talks between the US, Iran, Pakistan, and Qatar at the Lake Lucerne Summit, aimed at advancing a deal to end the Middle East conflict, near Stansstad, Switzerland, June 21, 2026. Photo: REUTERS/Nathan Howard/Pool

Oil slips after US-Iran conclude talks in Switzerland

Miners are seen at the Bayan Obo mine containing rare earth minerals, in Inner Mongolia, China July 16, 2011. Picture taken July 16, 2011. Photo: REUTERS/Stringer/CHINA OUT/File Photo

China tightens indium export checks as AI demand increases

Ships and boats in the Strait of Hormuz, Musandam, Oman, on 22 April 2026. Photo: REUTERS/Stringer/File

Oil down 2% after US, Iran sign ceasefire agreement

Representational Image. Photo: Collected

Gold extends gains after US, Iran reach peace deal

A drone view of vessels anchored in the Strait of Hormuz as seen from Musandam, Oman, June 8, 2026. Photo: Reuters

Oil, gas supplies could take months to return to normal after Iran deal: Experts

Cargo ships in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the US-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026. Photo: File/Reuters

Oil slips 4% as US, Iran reach peace deal to reopen Strait of Hormuz

SpaceX leadership members and guests celebrate on a balcony at the Nasdaq MarketSite on the day of SpaceX's initial public offering (IPO), in New York City, US, June 12, 2026. Photo: REUTERS/Brendan McDermid

With smooth SpaceX debut, Wall Street sets new template for mega IPOs

Representational Image. Photo: Collected

Why is gold falling despite the US-Israel-Iran conflict?

A drone view of a pump jack and drilling rig south of Midland, Texas, US June 11, 2025. Photo: REUTERS

Oil extends losses as Trump calls off planned strikes on Iran

OpenAI logo is seen in this illustration taken 20 May, 2024. REUTERS/Dado Ruvic/Illustration/File photo

OpenAI says Chinese propaganda is being deployed to foment dissent over tariffs, data centres

File Photo: Reuters

Oil rises more than $1 as escalation in US-Iran strikes unnerve traders

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