Economy



Mazda halts Middle East vehicle production until May as Hormuz closure hits Japanese automakers

Mazda Motor announced Monday it has suspended domestic production of vehicles destined for the Middle East until May, becoming the latest Japanese automaker to scale back operations as the Strait of Hormuz remains effectively closed to commercial shipping, according to the Nikkei. The company had already......

Europe accelerates offshore wind as U.S. pays companies to abandon projects

A series of energy policy decisions on both sides of the Atlantic has exposed a widening divide between the United States and Europe over how to achieve energy security, with Europe pushing aggressively to expand renewable capacity while the Trump administration moves to dismantle it. On March 26, the......

European Q1 earnings set to rise 4% as energy sector surges

Corporate earnings for companies in the STOXX 600 index are forecast to grow 4 percent in the first quarter of 2026, marking a rebound after a decline in the final quarter of last year, according to LSEG I/B/E/S data cited by Reuters on Thursday. The turnaround is driven primarily by a surge in the energy......

ECB warns euro zone banks near reserve limits as liquidity shrinks

The European Central Bank has warned that banks across the euro area must prepare for tighter liquidity conditions as excess reserves decline rapidly. In a blog post published on April 2, the ECB said nearly half of the banking system will soon operate close to minimum reserve comfort levels. Central......

LVMH posts worst quarterly stock drop in its history as Arnault loses $56 billion

Bernard Arnault, chairman of LVMH, shed roughly $55.9 billion from his net worth during the first three months of 2026, according to the Bloomberg Billionaires Index, as the world's largest luxury conglomerate recorded its steepest quarterly stock decline on record. The losses reduced his fortune......

DAX jumps nearly 3% in global rally fueled by hopes of an end to the Iran war

Germany's DAX index climbed nearly 3 percent on Wednesday, joining a broad global rally driven by hopes that the Middle East conflict could be nearing its end after President Donald Trump said he expected American forces to leave Iran within two to three weeks. The DAX closed up 2.73 percent at......

France closely watches Pernod Ricard and Brown Forman merger talks

The French government is closely monitoring discussions between Pernod Ricard and Brown Forman over a potential merger that could reshape the global spirits market. Officials in Paris are focusing on key issues including the future headquarters location and board composition, according to Bloomberg,......

Gazprom warns EU gas storage levels are dangerously low at 28%

Gazprom chief executive Alexey Miller described natural gas reserves in European Union storage facilities as dangerously low on Monday, warning that stocks may not even reach 70% of capacity before the next winter withdrawal season begins. Citing Gas Infrastructure Europe data as of March 28, Gazprom......

Macron urges Europe to build its own payment system to protect financial sovereignty

French President Emmanuel Macron called on Europe Tuesday to develop its own payment infrastructure, warning that ceding control of financial transactions to American companies would compromise the continent's sovereignty. The remarks, delivered by video message at the Carte Bancaire summit in Paris,......

TotalEnergies extends fuel price caps in France until April 7

TotalEnergies will keep fuel prices capped at its French stations until April 7, aiming to remain competitive amid rising global oil costs. The extension follows a previous cap set in mid-March and comes shortly after tensions in the Middle East pushed prices higher. Under the scheme, gasoline prices......

Inflation rises to 1.7% in France as Middle East conflict drives energy costs higher

Inflation in France accelerated significantly in March, reaching 1.7% year-on-year, according to preliminary data released by the national statistics agency. The increase comes amid rising energy costs linked to the ongoing conflict in the Middle East. The surge in oil prices, with crude exceeding $100......

Pound falls as European bond rout deepens amid energy shock

European government bond markets are facing one of their most severe sell-offs in nearly a decade, driven by surging energy prices linked to the conflict involving Iran. Investors are increasingly pricing in higher interest rates, widening fiscal deficits, and renewed stagflation risks across the region. Yields......

TotalEnergies books over $1 billion cornering Middle East crude in historic oil bet

TotalEnergies generated more than $1 billion in profit this month by cornering the Middle East crude oil market during one of the most volatile periods in energy trading history, according to reporting by the Financial Times and Bloomberg. The French energy giant's trading arm purchased 69 cargoes......

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