Latest Business News
Foxconn Q1 Revenue Jumps on Strong Demand, Cautions on Geopolitics
Foxconn reported a significant increase in Q1 revenue due to robust demand for its products. The company, however, warned of potential impacts from escalating geopolitical tensions, particularly in the Middle East.
EU Pushes for Profit Caps on Energy Firms as Iran Conflict Drives Prices Up
The EU is advocating for caps on energy company profits amid rising oil prices from the Iran conflict. Eurozone inflation climbed to 2.5% in March from 1.9% in February, fueled by higher energy costs.
US Intelligence Warns Iran Unlikely to Ease Strait of Hormuz Chokehold Soon
US intelligence indicates Iran will maintain restrictions on the Strait of Hormuz to sustain high energy prices and pressure the US. This could prolong disruptions to global oil supplies.
Gulf Nations Explore Oil Routes Beyond Strait of Hormuz Amid Iran War
Gulf countries are seeking alternative oil export routes to bypass the Strait of Hormuz due to ongoing Iran tensions. This shift aims to mitigate risks to global energy trade.
Pakistan Cuts Petrol Price by PKR 80 After Severe Backlash to Hike
Pakistan reduced petrol prices by PKR 80 per liter following public outcry over a 43% hike. High-speed diesel prices had also risen 55%, exacerbating economic pressures.
Dollar Rises Sharply Against Peers After Trump's Iran Speech
The US dollar strengthened against major currencies following President Trump's speech on Iran, which disrupted market expectations. This marked a reversal from two prior sessions of losses.
Strike Near Iran's Bushehr Nuclear Plant Sparks Global Alarm
A strike near Iran's Bushehr Nuclear Power Plant killed one security personnel and damaged structures, escalating West Asia tensions. Iran warned of severe regional consequences from further attacks near nuclear sites.
Ryanair CEO Urges Booking Summer Trips Before Fares Soar
Ryanair's CEO advised customers to book summer flights early due to predicted fare increases. Factors include French air traffic issues and broader Middle East disruptions affecting aviation.
75 Women to Benefit from BofA Settlement in Epstein Case
A US court gave preliminary approval to a Bank of America settlement in the Jeffrey Epstein case, expected to aid 75 women. Final approval is set for August 27.
NATO Chief Mark Rutte to Meet Trump Amid Alliance Exit Speculation
NATO's Mark Rutte will discuss alliance matters with President Trump, who is considering an exit. Meetings also include US Secretary of State Marco Rubio and Secretary of War Pete Hegseth.