Business
Iran conflict drags down US imports, forces airlines to slash operations
The Strait of Hormuz crisis that began with US-Israeli strikes on Iran in late February is sending shockwaves through global supply chains,…
Category: Business
Business
EU rules airlines must compensate passengers despite jet fuel crisis
The European Commission has rejected airline industry pressure to waive passenger compensation obligations during the jet fuel crisis triggered by the US-I...
Business
IMF warns AI-powered cyberattacks could trigger systemic financial shock
The International Monetary Fund on Thursday issued a stark warning that artificial intelligence-powered cyberattacks pose mounting risks to global financia...
Business
VW CEO says tariffs cost the company $5.9B a year
Volkswagen reported a sharp decline in first-quarter earnings on April 30, warning that its existing cost-reduction plans are 'insufficient' as tariffs, Ch...
Business
Asian stocks hit records as U.S.-Iran deal hopes sink oil
Asian currencies broadly strengthened and emerging Asian equities extended their record-breaking rally on Thursday as optimism grew that the United States ...
Business
ECB’s Schnabel warns markets are ‘complacent’ amid record stock valuations
European Central Bank board member Isabel Schnabel warned Thursday that a troubling gap has opened between record stock market valuations and the…
Business
ECB’s Schnabel warns central bank independence is being quietly eroded
ECB Executive Board member Isabel Schnabel raised concerns Thursday about the resilience of financial markets in the face of mounting geopolitical and…
Business
Berkshire tops 10% ownership in Sumitomo and Marubeni
Berkshire Hathaway has crossed the 10% ownership threshold in two more Japanese trading houses, Sumitomo Corp and Marubeni Corp, according to disclosures…
Business
MSC to launch hybrid route bypassing Strait of Hormuz
What began as emergency logistics workarounds after Iran's closure of the Strait of Hormuz in late February has evolved into a lasting…
Business
ECB’s Schnabel shifts hawkish, signals June rate hike
Isabel Schnabel, a member of the European Central Bank's Executive Board, warned Thursday that inflation risks in the euro zone have escalated…