The bank warns escalating tensions will dampen economic activity and push inflation higher in the coming quarters. BNP Paribas revised downward its global growth projections, citing heightened risks from the Middle East conflict. The bank expects slower economic expansion
U.S. and Chinese leaders plan to discuss Beijing's oil purchases from Iran amid sanctions concerns and trade tensions. President Trump and Chinese President Xi Jinping will discuss China's purchases of Iranian oil during upcoming talks. The discussions aim to address U.S.
Alaska Air launches $500 million debt offering as Iran war drives up fuel costs Reuters
France deploys its flagship carrier to the Red Sea amid heightened regional tensions and maritime security concerns. The French aircraft carrier Charles de Gaulle, accompanied by an escort, crossed the Suez Canal on May 6 en route to the southern Red Sea. The deployment un
Fitch Ratings warns the three nations lack fiscal space to counter a potential energy supply disruption amid escalating Middle East tensions. Fitch Ratings identifies Belgium, France, and the UK as the European countries with the least capacity to absorb a new energy crisi
The automaker’s earnings decline reflects weaker demand in China and higher costs from trade barriers. BMW reported a 25% drop in quarterly profit as softer demand in China and rising tariffs squeezed margins. The decline underscores challenges in its largest market, where
The early reports this morning suggest that the U.S. and Iran are moving closer to a one-page memorandum aimed at ending the war — or at least establishing another ceasefire framework. The agreement would reportedly serve as the foundation for more detailed nuclear negotia
Oil prices collapsed on Wednesday as markets continued to digest reports that the U.S. and Iran were discussing a one-page memorandum designed to pause the conflict and create a framework for broader negotiations. Brent crude was down 8.58%, to trade at $100.4 per barrel o
Headlines: US, Iran reportedly getting close to a framework deal to end the war Iranian navy talks up possible safe transit through Strait of Hormuz as US threats recede The S&P 500 extends gains into new record highs as US, Iran close in on a deal to end war USD/JPY sees a...</p
Trump's post on Truth Social: "Assuming Iran agrees to give what has been agreed to, which is, perhaps, a big assumption, the already legendary Epic Fury will be at an end, and the highly effective Blockade will allow the Hormuz Strait to be OPEN TO ALL, including Iran. If