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Business



Whirlpool shares plunge after weak revenue and dividend suspension

Shares of Whirlpool Corporation fell sharply on Thursday, reaching their lowest level in more than 14 years, after the company reported weaker-than-expected first-quarter revenue and announced the suspension of its dividend. The decline reflects growing pressure on consumer-facing industries as households......

Blackstone marks down private credit fund amid software sector concerns

Asset management giant Blackstone announced a decline in the value of its private credit vehicle, the Blackstone Secured Lending Fund, during the first quarter of 2026. The adjustment reflects growing caution among investors regarding companies operating in the software industry, particularly as artificial......

US tariff refund process running smoother than expected, says Kuehne + Nagel

The online system for reclaiming U.S. tariff payments ruled unlawful by the Supreme Court is operating more smoothly than initially expected, according to a customs specialist at Swiss logistics group Kuehne + Nagel. The refund mechanism was launched last month following a court decision that struck......

Ineos and Shell partner to explore new oil and gas opportunities in the Gulf of Mexico

Energy companies INEOS Energy and Shell PLC have announced a joint initiative to explore new oil and gas opportunities in the Gulf of Mexico. The collaboration aims to expand offshore exploration and production activities in the region. Focus on offshore exploration The partnership will focus on areas......

US sees no need for airline bailout amid rising fuel costs

The United States government does not currently see the need to provide financial assistance to airlines despite mounting pressure from rising fuel costs, according to Sean Duffy. Speaking at a press briefing, the transportation secretary stated that low-cost carriers requesting government relief still......

China blocks US sanctions against five refineries

China’s Ministry of Commerce announced that it has taken legal measures to block sanctions imposed by the United States on five Chinese oil refineries, escalating tensions between the world’s two largest economies. According to official statements reported by state media, the decision aims......

Berkshire Hathaway shareholders attend first annual meeting under Greg Abel leadership

Berkshire Hathaway shareholders are gathering in Omaha for the company’s annual meeting, marking the first edition led by new chief executive Greg Abel, following Warren Buffett’s departure after six decades at the helm. The meeting represents a significant moment of transition for one of......

Boeing expands carbon strategy with major carbon removal credit purchase

Boeing has secured 20,000 tonnes of permanent carbon removal credits from Supercritical, marking one of the most significant purchases of its kind in the aviation sector this year. The agreement reflects a broader push by the manufacturer to scale up its carbon management efforts as pressure grows to......

Trump Auto tariff hike could cost Germany nearly $18 billion in output, institute says

A proposed increase in U.S. tariffs on imported European vehicles could significantly impact Germany’s economy, according to recent estimates by a leading economic institute. The measure, which targets cars and trucks from the European Union, is expected to weigh heavily on Europe’s largest......

Ryanair CEO says Europe jet fuel shortage risk is easing

The risk of a jet fuel shortage in Europe is easing, according to Ryanair chief executive Michael O’Leary, who offered a more optimistic assessment of fuel supply conditions than earlier warnings circulating in the aviation sector. His comments come as the Middle East conflict continues to disrupt......

Starbucks shares rise as turnaround efforts start showing results

Starbucks shares increased by around 5% before the market opened on Wednesday after the company raised its annual financial outlook. The improvement reflects early signs that the new strategic plan led by Chief Executive Brian Niccol is beginning to deliver positive results. Niccol, who assumed leadership......

Norway wealth fund chief warns against AI driven job cuts

Nicolai Tangen, chief executive of Norges Bank Investment Management, warned companies against using artificial intelligence primarily as a tool for workforce reductions, arguing that aggressive job cuts could trigger public backlash and damage broader confidence in the technology. Speaking ahead of......

Hengli reshapes Singapore unit after US sanctions over Iran oil

The United States Treasury has imposed sanctions on Hengli Petrochemical, one of China’s largest independent oil refiners, accusing the company of purchasing billions of dollars worth of Iranian crude oil. The sanctions also target dozens of shipping companies and vessels allegedly involved in......

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