Why oil prices may face an uphill battle despite market support
Oil prices were slightly lower on Thursday after sharp losses in the previous session due to prospects of higher supply and a slowing US economy. “Crude just can’t get an upside…
Economy
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Gold slips to two-week low as safe-haven appeal fades; can prices recover?
Gold prices remained vulnerable to further downside on Thursday as prospects of a trade deal between the US and its trading partners wiped the sheen off the yellow metal. Safe-haven appeal…
Spain and Portugal blackout reveals major risks in interconnected European power grids
The limited return of electricity to the Iberian Peninsula has revealed a more profound weakness within the area’s power infrastructure.Monday’s extensive and rapid power outage, which halted activity across much…
Brazil central bank warns corporate profitability may plunge to 8-year low as rate hikes bite
Brazil’s central bank has warned of a sharp drop in corporate profitability as the country’s aggressive monetary tightening begins to ripple through the broader economy.In its latest Financial Stability Report, released…
New fuel rule changes shake up Mediterranean bunker industry
The Mediterranean Sea is nearing a critical deadline set by the International Maritime Organization (IMO) to lower bunker fuel sulfur limits. While the region was designated an Emission Control Area (ECA)…
China crafts secret ‘whitelist’ for US tariff exemptions: report
In a significant, albeit discreet, policy adjustment, China has reportedly created a list of specific US-made products eligible for exemption from its steep 125% retaliatory tariffs. According to a report…
Global automakers cut forecasts as Trump tariffs and EV costs squeeze margins
Global automakers are dialling back profit forecasts and suspending guidance as tariff tensions, weakening margins from electric vehicles, and mounting global competition cast a shadow over the industry’s near-term prospects.From…
Canada’s election results are proof that Trump’s policies are not working: what’s next for the new Prime Minister?
Canada’s election had little to do with foreign policy initially. But when Canadians went to the polls earlier this week, it was the actions of the US President that decided the…
BP Q1 earnings fall short; analysts cite strong downstream, weak oil, rising debt
BP posted weaker-than-expected earnings for the first quarter on Tuesday, as lower crude prices and a recent pivot in corporate strategy weighed on performance. The British oil major reported an…
Amazon demands discounts from suppliers as Trump tariffs bite: report
Amazon is pressing suppliers for steep discounts and renegotiating contracts to shield its bottom line from fresh US tariffs on Chinese imports, reigniting a playbook last used during Donald Trump’s…