Economy
The effective closure of the Strait of Hormuz has pushed global oil tanker freight rates to unprecedented levels, reshaping maritime trade and delivering exceptional profits for shipping companies that positioned themselves ahead of the crisis. Daily charter rates for very large crude carriers, or VLCCs,......
China has begun releasing nearly 10 million tons of fertilizer from its national reserves while boosting domestic production to record levels as the closure of the Strait of Hormuz enters its third week, threatening global agricultural supply chains at the start of the Northern Hemisphere’s spring......
Asian equity markets declined on Friday as crude oil prices hovered close to $100 a barrel, intensifying concerns that the conflict involving Iran could disrupt global energy supplies for an extended period. The selloff followed losses on Wall Street, where the S&P 500 fell 1.5 percent on Thursday......
Global stock markets extended their decline on March 11 and 12 as surging oil prices and renewed geopolitical tensions linked to the conflict with Iran revived fears of persistent inflation, weakening expectations for interest rate cuts and pushing investors toward safe haven assets. On Wall Street,......
BMW warned that profits will decline in 2026 as higher tariffs, currency shifts, and rising costs weigh on the German luxury carmaker’s profitability, even as the company bets on its next generation of electric vehicles to drive long term growth. Speaking at its annual conference in Munich, the......
Volkswagen plans to eliminate about 50,000 jobs in Germany by 2030 as the automaker accelerates restructuring efforts following a sharp decline in annual profits. The announcement came as the company reported earnings at their lowest level since the 2016 diesel emissions scandal. Chief executive Oliver......
Porsche’s operating profit plunged by 98 percent in 2025, falling to just 90 million euros from 5.3 billion euros a year earlier after billions of euros in charges tied to a major shift away from its all electric vehicle strategy wiped out nearly all earnings. The results, released Tuesday as part......
Volkswagen reported a sharp decline in profits for 2025, with operating earnings falling by more than half as U.S. tariffs and intensifying competition in China weighed on the German automaker’s performance. The company said it expects only a modest recovery in 2026 as it adapts to what executives......
U.S. stock markets recovered sharply late in the trading session after President Donald Trump suggested the war involving the United States and Israel against Iran could soon come to an end, easing some of the pressure from an energy shock that had shaken global markets earlier in the day. Oil prices......
Agricultural markets rose sharply Monday as crude oil prices climbed above $100 per barrel, driven by the escalating conflict involving Iran and disruptions to energy supply routes. The surge in oil prices has triggered ripple effects across global food markets, increasing fertilizer costs and boosting......
India's billionaire population climbed to 308, an increase of 24 from the previous year. The Hurun Global Rich List 2026, released Saturday, places the country third worldwide behind the United States and China. This expansion reflects sustained wealth creation amid strong economic momentum and robust......
Inflation in China accelerated in February, reaching its highest level in three years, while producer prices continued their downward trend, highlighting mixed signals within the country’s economic recovery. According to data released by the National Bureau of Statistics of China, the Consumer......
Oil prices have surged to levels not seen since 2023 following eight days of conflict in the Middle East. Investors are increasingly concerned as disruptions to oil flows from the Gulf region continue, fueled by tensions in the Strait of Hormuz. The West Texas Intermediate (WTI) benchmark closed at......
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