The Iran war has caused the biggest rise in global energy inflation in 25 years, according to calculations made by an economist tracking government data.
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The Iran war has caused the biggest rise in global energy inflation in 25 years, according to calculations made by an economist tracking government data.
Pop sensation Pink has reportedly snapped up a historic $21.5M townhouse, after revealing she had relocated her family from California to the New York to support her daughter’s Broadway dream.
Fashion icon Kenneth Cole has listed his sprawling upstate New York home for $16 million—after letting George Clooney rent out the dwelling during his “Good Night, and Good Luck” Broadway run.
Private jet company Bond is expanding its commitment with Bombardier Inc. to about $5 billion, betting ultra-wealthy travelers will pay a premium for a club-style experience in the sky.
South Korea’s National Pension Service, one of the world’s largest pension funds, is revising its rules to permit greater foreign‑exchange hedging as it seeks to ease pressure on the won.
Bloomberg's Charlie Wells looks ahead to today's reports from JPMorgan Chase & Co. and Citigroup Inc. after Goldman Sachs Group Inc. reported a surprise drop in bond-trading revenue on Monday. (Source: Bloomberg)
Top Arab Gulf oil producers can return half of shut fields to prewar levels of production within two weeks once transits through the Strait of Hormuz resumes, the International Energy Agency said.
German solar power generation is set to surge this summer, helping to shield Europe from some Iran war fallout as it curbs demand for liquefied natural gas imports.
German solar power generation is set to surge this summer, helping to shield Europe from some Iran war fallout as it curbs demand for liquefied natural gas imports.
A published report says that United Airlines has pitched senior government officials on whether it could get permission to merge with American Airlines, a transaction that if completed would lead to carrier controlling a third of the market.
Aluminum jumped to a four-year high in London as US President Donald Trump’s blockade of Iranian ports thr eatened more disruptions to shipments from the Persian Gulf. The supply issues are "here to stay," ING strategist Ewa Manthey tells Bloomberg Television. "Even if the conflict ends tomorrow, bringing that capacity back to the market can take six and up to 12 months," she adds. (Source: Bloomberg)
ING Groep NV is planning a significant risk transfer on €3.5 billion ($4.1 billion) of loans to projects in sectors including oil, gas and renewable power as the Netherlands’ largest lender steps up its use of such instruments.
A published report says that United Airlines has pitched senior government officials on whether it could get permission to merge with American Airlines, a transaction that if completed would lead to carrier controlling a third of the market.
Equinor ASA halved its stake in renewables developer Scatec ASA in a further realignment toward its core hydrocarbon business.
Equinor ASA halved its stake in renewables developer Scatec ASA in a further realignment toward its core hydrocarbon business.
The Chinese foreign ministry said only a "comprehensive ceasefire" would help ease the ongoing crisis in the Middle East.
U.S. Vice President JD Vance said Monday that the next steps in U.S.-Iran peace efforts now depend on Tehran.
Switzerland said it’s ready to provide diplomatic support to efforts to end the Iran war amid speculation that the country could host talks between Tehran and Washington in Geneva.
Ukraine’s drone strikes on key Russian oil-export outlets in the Baltic and Black seas may put India’s crude-refining operations at risk in the near future, according to the International Energy Agency.
European Central Bank Governing Council member Olli Rehn said the Iran war will drive inflation higher this year but policymakers can’t commit to a path for borrowing costs.
Global oil demand will decline this year for the first time since the 2020 pandemic as a price surge caused by the Middle East conflict wipes out growth, the International Energy Agency said.
European Central Bank Governing Council member Olli Rehn said faster inflation due to the Iran war doesn’t make an interest-rate hike “self evident,” reiterating that policymakers aren’t pre-committing to a path for borrowing costs.
Global oil demand will decline this year for the first time since the 2020 pandemic as a price surge caused by the Middle East conflict wipes out growth, the International Energy Agency said.
European stocks opened higher on Tuesday amid renewed hopes that Middle East peace talks could resume, despite a U.S. blockade on Iranian ports.