Browsing Category
Politics
Treasury yields are little changed as investors await Fed decision
Federal Reserve Board Chairman Jerome Powell speaks during a news conference following the Federal Open Market Committee meeting, at the Federal Reserve in Washington, DC, on June 14, 2023.Mandel Ngan | AFP | Getty ImagesU.S. Treasury…
Meta ‘violating EU law’ by not keeping minors off Facebook, Instagram
The European Commission has found that Meta breached EU law by failing to prevent under-13s from accessing its platforms, as scrutiny of the tech giant's handling of child safety intensifies. The commission said Wednesday that its…
Oil prices extend multi-day rally as Trump issues new threat to Iran
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 ImagesOil prices advanced again on Wednesday as…
Trump Truth Social post threatens Iran with AI picture of himself with gun
US President Donald Trump takes questions during a press briefing in the Brady Briefing Room at the White House in Washington, DC, shortly after a shooting incident at the White House Correspondents' Dinner on April 25, 2026.Mandel Ngan…
Finland’s Kone to buy German rival TK Elevator in $34.4 billion deal
A TK Elevator (TKE) elevator on display at the Microsoft Corp. booth at the Hannover Messe 2026 trade fair in Hannover, Germany, on Monday, April 20, 2026.Bloomberg | Bloomberg | Getty ImagesFinland's Kone has agreed to buy German rival…
Oaktree-owned Pure DC pauses investment decisions in Gulf data centers
A major data center company has paused investment in AI infrastructure projects and data centers in the Middle East amid the Iran war, its CEO has told CNBC.As oil prices have skyrocketed and supply chains have been heavily disrupted by…
UBS profits rocket 80% to $3 billion for first quarter beat
UBS generated a net profit attributable to shareholders of $3 billion for the first quarter, up 80% year-on-year and surpassing the $2.8 billion estimated by analysts, according to an LSEG-compiled consensus poll. The Swiss banking and…
UAE OPEC exit is not without precedence. Who could be next?
Jonathan Raa | Nurphoto | Getty ImagesThe United Arab Emirates' shock decision to leave OPEC is reverberating across global energy markets, exposing fractures in the powerful oil cartel as production quotas risk prompting other members…
U.S. warns banks of sanctions risk over China ‘teapot’ refineries handling
This picture taken on March 26, 2026 shows an oil tanker unloading crude oil at a port in Yantai, in China's eastern Shandong province. CN-STR | Afp | Getty ImagesThe U.S. Treasury warned financial institutions Tuesday that they could…
Oil takes another hit, but chips steal the spotlight
Passenger planes sit on the tarmac at Dubai International Airport in Dubai on March 11, 2026. Drones fell near Dubai airport, injuring four people, while ships were hit in or near the Strait of Hormuz on March 11 as Iran kept up its…