Keywords: Global
The Bank of New York Mellon (BNY) reported an increase in first-quarter profit on Thursday, supported by strong fee income and higher interest revenues, according to its latest financial statement. As the world’s largest custodian bank, BNY benefits significantly from managing and safeguarding......
Volkswagen is bracing for a potential downturn in the world’s largest auto market, with its China chief warning that passenger car sales could decline for the first time since 2018. Ralf Brandstätter said even flat sales would represent the best-case scenario for 2026, following about 24 million......
Farmers across Europe are scaling back production as the war in Iran disrupts global energy and fertilizer supply chains, driving up costs during a critical planting season. Producers in Finland, Bulgaria, and across Ireland report mounting financial strain, with protests over fuel prices spreading as......
The closure of the Strait of Hormuz, triggered by the war involving the United States, Iran, and Israel, was expected to drive a surge in coal use. Instead, new data shows global fossil fuel electricity generation declined in March as renewable energy absorbed the shock. Analysis from the Centre for......
Africa’s leading multilateral trade risk insurer is seeking approximately $500 million in additional funding to help member countries cope with rising costs linked to the ongoing conflict in the Middle East. The move comes as global economic pressures intensify, particularly due to disruptions......
Global buyers are turning to China for aluminum as supply disruptions linked to the war in Iran tighten markets in the Gulf. Analysts cited by Bloomberg expect Chinese exports to rise sharply in the coming months as production outages in the region, which accounts for about 9 percent of global aluminum......
Rising fuel prices linked to the war in Iran are accelerating a global shift toward electric vehicles, driving a sharp increase in exports of clean technologies from China. Analysts say the surge in oil costs is pushing consumers across Asia and other regions to adopt electric mobility faster than expected,......
The United States has announced an expanded financial commitment, in partnership with the Global Fund to Fight AIDS, Tuberculosis and Malaria, to scale up access to a new preventive HIV treatment across several low-income countries, including Morocco. The initiative aims to significantly increase the......
The war in Iran, now in its seventh week, has disrupted roughly 20 percent of global oil supply passing through the Strait of Hormuz and pushed energy prices to levels not seen since 2022. Yet the crisis is also accelerating a structural shift toward renewable energy, with analysts saying the transition......
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