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White House National Economic Council Director Hassett: People should use artificial intelligence tools to protect occupational safety.

2026-05-08

White House National Economic Council Director Hassett: People should use artificial intelligence tools to protect occupational safety.

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2026-05-07

Iran introduced new transit requirements for vessels passing through the Strait of Hormuz, requiring ships to submit detailed information to the newly established Persian Gulf Strait Authority before receiving approval for passage. The move formalize

Iran introduced new transit requirements for vessels passing through the Strait of Hormuz, requiring ships to submit detailed information to the newly established Persian Gulf Strait Authority before receiving approval for passage. The move formalizes Tehran’s wartime control over the chokepoint, through which about one-fifth of global oil and LNG flows. Shipping traffic has collapsed, with Lloyd’s List reporting only 40 crossings in the week to May 3 versus a prewar average of 120 daily. Matt Wright of Kpler said “normalization is not "achievable" under a long-term Iranian control scenario, estimating transit volumes could remain at only 40%-50% of export capacity.
2026-05-08

President Donald Trump said he will give the European Union until July 4 to ratify its trade agreement with the US, extending an earlier deadline after warning of potential tariff increases on EU goods, including autos. The decision followed talks wi

President Donald Trump said he will give the European Union until July 4 to ratify its trade agreement with the US, extending an earlier deadline after warning of potential tariff increases on EU goods, including autos. The decision followed talks with European Commission President Ursula von der Leyen. Trump said: “I agreed to give her until our Country’s 250th Birthday or, Unfortunately, their Tariffs would immediately jump to much higher levels." Markets showed a muted reaction, with automaker shares largely steady after the announcement.
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