Iran and Russia condemn sanctions, urge more BRICS trade

In this pool photograph distributed by the Russian state agency Sputnik, (L-R front row) India’s Foreign Minister Subrahmanyam Jaishankar, Iran’s President Masoud Pezeshkian, Russia’s President Vladimir Putin, India’s Prime Minister Narendra Modi and South Africa’s President Cyril Ramaphosa pose for a photo with the leaders of the BRICS Business Council and the BRICS Women’s Business…

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Energy prices will shape further interest-rate hikes

Energy prices will dictate whether the European Central Bank needs to hike interest rates into restrictive territory, Germany’s central bank chief told CNBC on Friday. “It’s very much dependent on how the energy prices evolve, how the price picture is evolving over the course of maybe the next month,” Joachim Nagel told CNBC’s Annette Weisbach…

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U.S. may not reach nuclear deal with Iran

US Energy Secretary Chris Wright testifies before a Senate Committee on Armed Services Committee hearing to examine the 2027 budget for the Department of Energy and National Nuclear Security Administration on Capitol Hill in Washington, DC, on May 13, 2026. Jim Watson | Afp | Getty Images U.S. Energy Secretary Chris Wright on Sunday said…

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India’s economic growth and stock market at odds?

Hello, this is Priyanka Salve, writing to you from Singapore. Welcome to the latest edition of “Inside India“ — your one-stop destination for stories and developments from the world’s fastest-growing large economy. India’s quarterly economic growth has exceeded expectations several times over the past year, defying a bleak global trade environment, high energy prices and geopolitical…

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Affirm CEO says high gas prices are hitting U.S. shoppers

Affirm Holdings stock closed nearly unchanged on Friday after the buy now, pay later firm reported fiscal fourth-quarter earnings and CEO Max Levchin said high gas prices are weighing on shoppers. “The U.S. consumer undoubtedly sees the higher gas prices, so can’t, can’t ignore that,” Levchin told CNBC’s “Squawk Box.” “They’re also coming to us…

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