A shopper walks past a Coach retail store inside a shopping mall on March 24, 2026 in Shenzhen, Guangdong province, China. Cheng Xin | Getty Images China’s producer prices rose at their fastest pace in more than three years in April, while consumer inflation also beat forecasts, as Iran war-driven commodity costs and holiday spending…
Ferrari SF90 XX Spider limited edition plug in hybrid supercar parked on the pavement as a red Ferrari passes on Bond Street on 4th January 2026 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images A global base oils shortage is starting to filter through to drivers of luxury cars, with analysts…
Hannelore Foerster | Bloomberg | Getty Images LONDON — European stocks opened sharply lower on Thursday as investors digest the latest reports on the Iran war and monitor a raft of corporate earnings and central bank decisions. The pan-European Stoxx 600 was trading 0.4% lower by 8:40 a.m. in London (3:40 a.m. E.T.). Regional bourses…
Oil tankers and gas tankers were affected by the closure of the Strait of Hormuz, leading to a global energy crisis stemming from the war in the Middle East. Photos For You | Moment | Getty Images Oil prices advanced again on Wednesday as traders balanced the United Arab Emirates’ shock departure from OPEC with…
Ships and tankers in the Strait of Hormuz off the coast of Musandam, Oman, April 18, 2026. Stringer | Reuters Oil prices were higher on Monday morning as plans for a second round of peace negotiations between the U.S. and Iran unraveled again. International benchmark Brent oil futures with June delivery rose more than 3%…
A currency trader monitors exchange rates in a dealing room at the Korea Exchange Bank in Seoul Jung Yeon-je | Afp | Getty Images South Korean stocks have been surging to record highs over the past year, but that hasn’t dimmed the allure of U.S. equities for its residents. In 2025, South Korea was the…
With less than 2 weeks remaining until the next European Central Bank meeting, the bloc’s policymakers appear undecided on the future of interest rates. Financial markets are currently pricing in a hold at the April 29-30 meeting, followed by a hike in June, according to LSEG data. The majority of traders expect the ECB’s key…
Huel makes vegan, powdered meal replacements, catering to people who “deem themselves time-poor” but want healthy, environmentally sustainable meals. Source: Huel French food and beverage maker Danone said Monday it’s set to buy protein drinks maker Huel as a more health-conscious younger generation and the rise of weight-loss drugs pushes companies to rethink what people…
The Bank of Japan (BOJ) headquarters is seen beyond the cherry blossoms in Tokyo on March 20, 2023. Kazuhiro Nogi | Afp | Getty Images The Bank of Japan on Thursday kept its rates steady at 0.75% as expected, but noted that inflation risks now are tilted to the upside due to the Iran war….
The energy price shock that followed Russia’s invasion of Ukraine four years ago is fresh in the minds of European policymakers as the conflict in Iran once again drives oil and gas prices higher. Experts, however, think this time could be different. Fears of a full-blown energy crisis on that scale — which saw oil…
