Economy
The Bank of New York Mellon (BNY) reported an increase in first-quarter profit on Thursday, supported by strong fee income and higher interest revenues, according to its latest financial statement. As the world’s largest custodian bank, BNY benefits significantly from managing and safeguarding......
A fire at a major Australian refinery has intensified fuel supply pressures across Asia, as regional markets already strain under disruptions linked to the Middle East conflict. At the same time, Japanese refiners are resorting to complex offshore oil transfers to secure crude supplies while avoiding......
France’s competition authority has imposed fines totaling €12.7 million on the trade association Synadis Bio and subsidiaries of major retailers Carrefour and Intermarché over an illegal agreement involving the sale of organic products. The regulator found that the parties engaged......
Asian stock markets rose sharply on Thursday as investors reacted to renewed expectations of diplomatic progress between the United States and Iran. The surge pushed Japan’s benchmark Nikkei 225 beyond its previous closing record during intraday trading, reflecting growing confidence across regional......
The United Kingdom economy recorded stronger-than-expected growth in the three months leading up to February 2026, offering a positive signal for policymakers and investors monitoring the country’s economic recovery. According to official data released by the Office for National Statistics, gross......
The British Broadcasting Corporation (BBC) has announced plans to cut around 2,000 jobs, representing roughly 10% of its total workforce, as part of a major cost-reduction strategy over the next three years. The decision marks the largest wave of redundancies at the public service broadcaster in 15......
Shares of retail trading platforms rose sharply on Wednesday after U.S. regulators approved a major change to day-trading rules affecting smaller investors. Companies such as Robinhood Markets and Webull benefited from the decision, which allows more flexibility for active trading accounts under a new......
Three major global advertising groups have reached a settlement with the U.S. Federal Trade Commission (FTC) following an investigation into alleged antitrust violations related to online advertising practices. The agencies involved include Dentsu, Publicis Groupe, and WPP. According to regulators,......
Volkswagen is bracing for a potential downturn in the world’s largest auto market, with its China chief warning that passenger car sales could decline for the first time since 2018. Ralf Brandstätter said even flat sales would represent the best-case scenario for 2026, following about 24 million......
Nigeria’s inflation rate increased in March for the first time in a year, according to official data released by the National Bureau of Statistics. Headline inflation rose to 15.38% year-on-year in March, up from 15.06% in February. This marks a break in a 11-month trend of gradual decline, reflecting......
The closure of the Strait of Hormuz, triggered by the war involving the United States, Iran, and Israel, was expected to drive a surge in coal use. Instead, new data shows global fossil fuel electricity generation declined in March as renewable energy absorbed the shock. Analysis from the Centre for......
Africa’s leading multilateral trade risk insurer is seeking approximately $500 million in additional funding to help member countries cope with rising costs linked to the ongoing conflict in the Middle East. The move comes as global economic pressures intensify, particularly due to disruptions......
Former U.S. President Donald Trump has raised the possibility of revisiting a trade agreement with the United Kingdom, signaling potential tensions in transatlantic economic relations. The agreement, concluded last year between Washington and London, aimed to limit U.S. tariffs on most British manufactured......
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