Economy

Economy
Economy

Ukraine drone strikes hit 40% of Russia Primorsk oil storage: report

Russian oil export infrastructure has suffered significant disruption after Ukrainian drone attacks damaged a substantial portion of storage capacity at key Baltic Sea ports, according to satellite imagery reviewed by Reuters. Images captured at the end of March and supplied by US spatial intelligence firm Vantor show that at least 40% of storage facilities at

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Economy

GM stock falls as Q1 sales slump, high rates and gas weigh demand

Shares of General Motors fell about 4% on Thursday after the company reported a sharp decline in first-quarter sales, highlighting mounting pressure on the auto industry from high borrowing costs, elevated vehicle prices, and rising fuel costs. The Detroit-based automaker said it sold 626,429 vehicles between January and March, marking a 9.7% decline from a

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Economy

US private hiring edges higher as healthcare drives job gains

Private sector job growth in the US came in slightly stronger than expected in March, though hiring remained narrowly concentrated in a handful of industries, pointing to an uneven labour market as economic uncertainties persist. Data released by ADP showed that private payrolls increased by 62,000 during the month, exceeding forecasts of 39,000 and only

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Economy

What a US exit from “paper tiger” NATO would cost the global economy?

No ally was consulted before the bombs dropped on Iran. Five weeks later, Trump is demanding those same allies help him fix a war they wanted no part of and threatening to dismantle the alliance when they say no. The story of the US and its partners since February 28 is not just about Iran.

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Economy

UK leads push to reopen Hormuz as energy crisis forces rethink

Britain is hosting talks among 35 countries this week aimed at forming a coalition to reopen the Strait of Hormuz, as European nations reconsider their position following Donald Trump’s threat to wind down the Iran conflict without securing the vital waterway. Prime Minister Keir Starmer said on Wednesday that the meeting of foreign ministers would

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Economy

Dow Jones jumps over 300 points as hopes of Iran war end lift stocks

US stocks opened higher on Wednesday, extending momentum from the previous session’s sharp rally, as investors grew increasingly hopeful that the conflict between the United States and Iran could be nearing an end. Markets were buoyed by comments from Donald Trump and Secretary of State Marco Rubio, who indicated that the war could soon wind

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Economy

Intel stock jumps 6% on $14.2B deal to buy back Ireland plant stake

Intel said it will spend $14.2 billion to buy back the 49% stake it previously sold to Apollo Global Management in its Ireland manufacturing facility, marking a significant step in its turnaround strategy as demand for artificial intelligence infrastructure gathers pace. The transaction will restore full ownership of the Leixlip-based plant to Intel, underscoring its

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Economy

Airbus share price is in a freefall: here’s why it may rebound despite headwinds

Airbus share price has moved into a bear market after falling by over 27% from its highest point this year. It dropped to €157 this week, down sharply from the year-to-date high of €220. This article provides what to expect in April when the company publishes its earnings. Airbus share price technical analysis points to

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Economy

Solana price prediction April: On the verge of a steep crash?

Solana price has remained in a narrow range since February as demand among investors faded. SOL token has remained between the key support and resistance levels at $77 and $96. It remains about 72% below the highest point last year. This article provides the SOL price forecast for April and what to expect. Solana price

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Economy

DOGE eyes breakout ahead of Qubic’s DOGE mining mainnet

Memecoins are trading in the green as Bitcoin recaptures the $68,000 level. Dogecoin, the leading memecoin by market cap, is up by 2% in the last 24 hours, underperforming compared to Bitcoin. DOGE is currently trading around the descending trendline, suggesting that the memecoin could rally higher in the near term. If the bulls push

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