Business
US-Israeli war on Iran wipes billions off Gulf energy revenues – FT
The Middle East escalation has cut off a number of American allies from the vital Strait of Hormuz Oil producers in the Gulf…
US eases Russian oil sanctions
The temporary measure is expected to cool global energy markets as crude prices continue to soar after US-Israeli attacks on…
Porsche profits crash after costly EV strategy U-turn
The automaker’s operating profits plunged nearly 93% after scrapping an all-electric vehicle program German luxury carmaker…
US borrowed $1 trillion in five months
Over $430 billion has been spent to service the debt, which is approaching $39 trillion, the Congressional Budget Office…
Japanese auto parts makers eye Russian aluminum – Bloomberg
The Asian nation voluntarily stopped buying Russian product following the 2022 escalation of the Ukraine conflict Japanese…
New billionaire class emerges in Russia
Eight of the nine Russians to join the list of the world’s richest made their money in food production Russia has added nine…
Volkswagen to slash 50,000 jobs in Germany
The EU’s largest automaker, Volkswagen (VW), has announced that it will cut about 50,000 jobs in Germany, citing plunging…
China prioritizes Russian gas amid Middle East conflict – media
Beijing’s latest development strategy envisions accelerated work on a major gas pipeline project with Moscow China has…
Germany reports industrial production decline
German industries are showing no signs of recovery as of early 2026, with their production output declining even before the…
Hungary urges EU to lift Russian oil ban
Brussels should protect the interests of Europeans, not ideology, as the Middle East crisis escalates, Peter Szijjarto says…