A major escalation is unfolding in the Middle East as Saudi Arabia and Yemen's Iran-backed Houthi rebels exchange fire, ending years of relative calm in the region. The latest developments come amid intensifying US-Iran tensions, with the Houthis claiming attacks on Saudi Aramco facilities in Jazan and Yanbu, triggering emergency alerts and raising concerns over regional security. In this detailed report, we analyse the growing Saudi-Houthi conflict, the maritime blockade announced by the Houthis, and Saudi Arabia's retaliatory air strikes on Houthi targets. The escalation has put key shipping routes, including the Bab el-Mandeb Strait, under renewed pressure.
The Red Sea corridor remains a critical global trade route, connecting the Red Sea to the Gulf of Aden and the Suez Canal. Any disruption in this strategic passage could impact international shipping, energy supplies, and global markets.

Canada-US Trade War Escalates As Gordie Howe Bridge Opens Without US Officials

Canada's unemployment surged to a 29-month high at 6.4 per cent last month, pointing to impending job losses as the labour market contends with the rapidly swelling population.

Canada's unemployment rate reaches 29-month high amid economic concerns

The Bank Of Canada remains resolute in its decision to keep interest rates steady, diverging from the US Federal Reserve's considerations of easing. Governor tiff macklem underscores caution, emphasising the nation's economic stability.

Bank of Canada holds steady amid global divergence

Canada’s economy will see a solid and sustained rebound this year as inoculations ramp up, says Bank of Canada governor Tiff Macklem.

Bank of Canada sees economy strengthening

Bank of Canada survey has shown that the business sentiment in Canada has improved as COVID-19 restrictions have eased, though it remains “negative” with one-third of firms saying they do not expect sales to return to pre-pandemic levels within the next 12 months.

Bank of Canada survey finds business sentiment improves but remains negative

As restrictions imposed to curb the coronavirus outbreak in Canada are eased, the country's annual inflation rate in June has witnessed its biggest jump.

Canada inflation rate jumps highest in 9 years

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