Business
Lufthansa warns Iran war will add $2B to its fuel bill
Lufthansa said Wednesday that the Iran war will raise its 2026 fuel bill by €1.7 billion to approximately €8.9 billion, nearly 20%…
Category: Business
Business
Eurozone retail sales slip as stagflation fears mount
A cascade of weak economic data has intensified stagflation concerns across the eurozone, with business activity contracting sharply in April even as…
Business
BlackRock advises funding Bitcoin with equities, not bonds
BlackRock, the world's largest asset manager, published a report on May 7 recommending Bitcoin as a portfolio diversifier, advising investors to fund…
Business
Pfizer CEO Bourla to retire, CFO Denton named successor
Pfizer announced that Chairman and CEO Albert Bourla will retire effective June 1, 2026, ending a tenure that saw the pharmaceutical giant…
Business
S&P 500 hits record as US-Iran deal hopes sink oil prices
Oil prices plunged below $100 a barrel on Wednesday as reports emerged that the United States and Iran are closing in on…
Business
Oil market liquidity hits lowest in months as Hormuz crisis intensifies
Brent crude futures open interest has fallen sharply as traders retreat from a market whipsawed by the US-Iran conflict and the longest…
Business
BOJ minutes show officials ready to hike rates quickly if energy shock persists
Minutes from the Bank of Japan's March policy meeting, released Thursday, showed board members engaged in pointed debate over how quickly to…
Business
EM junk bond demand hits eight-year high after Iran ceasefire
Global investors are piling into junk-rated emerging market bonds at the fastest pace in eight years, as the winding down of the…
Business
Lufthansa says Iran war will add €1.7B to its fuel bill
Lufthansa said Wednesday that the Iran war will push its 2026 fuel costs €1.7 billion higher than previously estimated, bringing its total…
Business
Global rally fades as Iran calls US peace proposal ‘unrealistic’
A sweeping rally that lifted equities across Asia, Europe, and the United States to fresh records on Wednesday gave way to more…