Economy
Bitcoin fell below $77,000 after the Bank of Japan signaled a more hawkish policy direction despite keeping interest rates unchanged at 0.75 percent. The cryptocurrency dropped as low as $76,400 during early US trading, as investors reacted to growing expectations that Japanese rates could rise again......
British carrier Ascend Airways has entered liquidation as rising fuel costs linked to the war involving Iran intensify pressure across the global aviation industry. The collapse comes only three years after the airline launched operations and reflects growing financial strain on carriers facing surging......
China’s top leadership has pledged to strengthen energy security and respond systematically to external shocks as global markets face disruption from the war involving Iran. The commitment came during a Politburo meeting focused on the economy, chaired by President Xi Jinping, marking the first......
Citigroup has appointed James Potts, a senior executive from Barclays, to head its shareholder advisory and activism defense division, according to an internal memo reported on Tuesday. The move highlights ongoing competition among global banks to strengthen advisory services related to shareholder......
The Bank of Japan kept its policy rate unchanged at 0.75 percent in a closely divided decision, with three policymakers voting for an increase to 1 percent. The 6 to 3 split highlights rising concern within the central bank as the war in Iran drives energy prices higher and intensifies inflationary pressures.......
Two months after the outbreak of war in Iran, a global energy shock is forcing millions of households in Africa and South Asia to abandon cleaner cooking fuels and return to charcoal and firewood. The surge in fuel prices has disrupted access to liquefied petroleum gas and other modern energy sources,......
A major step in Europe’s energy transition has been taken in Finland, where the continent’s first lithium mine dedicated to battery production has officially begun operations. The project is seen as a strategic move to reduce dependence on imported raw materials used in electric mobility......
Russia’s VTB, one of the country’s largest banking institutions, has reported a decline in its first-quarter profit compared to the same period last year, reflecting ongoing economic pressures. The bank indicated that its earnings fell modestly on a year-on-year basis, highlighting the challenges......
German consumer confidence is expected to decline further in May, reaching its lowest level in three years, as rising energy costs continue to weigh heavily on household finances. According to a recent survey conducted by market research institutions, the consumer sentiment index dropped significantly......
The British advertising group WPP has acknowledged growing uncertainty in the Middle East but has chosen to maintain its financial outlook for the coming months, signaling cautious confidence in its global operations. In its latest update, the company reported first-quarter revenue—excluding pass-through......
The Governor of the Bank of Portugal, Alvaro Santos Pereira, was required to divest personal shareholdings following a review by the European Central Bank, according to official statements released by the central bank. Shortly after assuming office, Santos Pereira had purchased shares in major Portuguese-listed......
Canada has announced the creation of its first sovereign wealth fund, marking a significant step in the country’s long-term economic strategy. Prime Minister Mark Carney said the fund will begin with an initial capital of C$25 billion and focus on financing major domestic projects. The initiative,......
The eurozone economy slipped into contraction in April as escalating tensions involving Iran disrupted energy flows and weakened demand across the bloc. The closure of the Strait of Hormuz pushed oil prices higher, eroded consumer confidence, and drove business sentiment to its lowest level in nearly......
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