Egyptian President Abdel Fattah al-Sisi urged US President Donald Trump to intervene to stop the Iran war, warning that a prolonged conflict could push oil above $200 a barrel. He made the appeal Monday at the Egypt Energy Show 2026 in Cairo. “I tell President Trump: nobody can stop the war in our region in
Sysco (NYSE: SYY) is under pressure after the food distribution company announced a $29 billion acquisition of Jetro, the parent company of Restaurant Depot and a leader in the “cash and carry” wholesale segment. Investors are concerned mostly because of the massive price tag and the potential integration risks associated with such a transformative merger.
Jubilant FoodWorks said it will not renew its agreement with Dunkin’ to develop and operate the US brand’s stores in India when the current pact ends on December 31, 2026. The company said it will evaluate options for the existing stores, including a sale or transfer of franchise rights in consultation with Dunkin’. Jubilant said
Global government bond markets are heading for their steepest monthly decline in years. The move comes as the prolonged Middle East conflict drives a surge in oil prices and reignites concerns about inflation and slowing growth. Yields have climbed sharply across major economies in March, reflecting a rapid repricing of interest-rate expectations and a broad
Shares of major aluminium producers rallied on Monday after Iranian airstrikes damaged key production facilities in the Middle East, fuelling concerns of a global supply shock and driving metal prices sharply higher. US-listed Alcoa rose nearly 10%, while Century Aluminum surged about 11%. Kaiser Aluminum also gained 4.7%, as investors reacted to tightening supply conditions.
As Brent crude prices soar amid escalating tensions in the Gulf, the oil trading landscape faces unprecedented challenges, according to Baron Lamarre, co-founder of International Digital Exchange, an expert in energy markets and former trader at Petronas and Shell. In an interview with Invezz, Lamarre highlighted how traditional oil trading is being stress-tested at its weakest
Blockage of the all-important Strait of Hormuz has caused the largest disruption in the oil market, and gold price is feeling the heat. While the long-term outlook remains bullish, investors are keen on how the Fed and other major central banks will respond to the uncertainties. Besides, hopes of a ceasefire in the Middle East
The social media landscape shifted violently this week as a wave of selling wiped billions in market value. The catalyst? A landmark legal blow; a California jury found Google and Meta Platforms negligent in a high-profile “social media addiction” trial, sparking fears of a costly regulatory overhaul. Amidst the carnage, however, a senior Wells Fargo
The global video-game industry is entering a period of recalibration after Sony raised prices of its flagship PlayStation 5 consoles for the second time in less than a year, underscoring mounting cost pressures tied to memory chip shortages and supply-chain strain. The move, which lifts US prices by as much as $100 starting April 2,
Bitcoin price remains in a technical bear market this week after falling by double digits from the all-time high. BTC was trading at $66,800 on Sunday, and its fundamentals and technicals suggest that it has more downside to go in the foreseeable future. Bitcoin price technical analysis points to a steep crash The three-day timeframe