Economy
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......
Oil markets swung sharply Monday after crude prices climbed above $100 per barrel for the first time since Russia’s invasion of Ukraine in 2022, while G7 governments debated whether to release strategic petroleum reserves to counter disruptions caused by the war involving the United States, Israel......
Western energy companies not reliant on Persian Gulf supplies are emerging as the main financial winners as the United States and Israel’s war with Iran enters its second week, with American liquefied natural gas exporters positioned for what analysts describe as one of the largest commodity windfalls......
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......
Defense companies on Wall Street reached new record levels as the military campaign involving the United States and Israel against Iran entered its second week, driving investors toward aerospace and weapons manufacturers expected to benefit from rising global defense spending. Shares of Lockheed Martin......
Scandinavian airline SAS has introduced a temporary fare adjustment on its flights as surging jet fuel prices push airlines to pass rising energy costs onto passengers. The move comes as the war involving the United States and Israel against Iran drives crude oil prices above $100 per barrel for the......
The ongoing war involving the United States and Israel against Iran has disrupted a significant share of global energy supplies, pushing oil prices sharply higher and renewing calls worldwide to accelerate the transition toward locally produced renewable energy. Now entering its second week, the conflict......
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......
Finance ministers from the Group of Seven held an emergency virtual meeting Monday to discuss a coordinated release of strategic oil reserves as global crude prices surged above $100 per barrel amid the escalating conflict involving Iran. The call, scheduled for 08:30 Eastern Time, included International......
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......
Asian stock markets fell sharply after oil prices climbed above $100 per barrel for the first time since 2022, sending shockwaves through global financial markets and intensifying fears that the expanding conflict involving Iran could trigger stagflation. Brent crude jumped as much as 20 percent to......
The International Monetary Fund warned that the expanding conflict in the Middle East could push global inflation higher as oil prices approach $120 per barrel, adding new pressure to the world economy at a time when weak labor data in the United States is intensifying concerns about stagflation. IMF......
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