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Global stocks diverge, oil rises as fresh US-Iran clashes hit peace hopes

Global stock markets diverged and oil prices rose Friday as fresh US-Iran clashes in the Strait of Hormuz jolted hopes for a deal to end the Middle East war and reopen the crucial waterway.

Stocks diverge, oil rises as fresh US-Iran clashes hit peace hopes

Stock markets diverged and oil prices rose Friday as fresh US-Iran clashes in the Strait of Hormuz jolted hopes for a deal to end the Middle East war and reopen the crucial waterway.

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US bank profits jump as execs see consumers surviving oil spike, for now

Large banks reported higher profits Tuesday, pointing to resilience among US businesses and customers despite spiking oil prices from the Middle East war.

Renault to cut up to 20% of engineers

French carmaker Renault said Tuesday that it plans to reduce its number of engineers by 15 to 20 percent in the coming two years as it seeks to remain competitive.

Gucci -- again -- drags down Kering's performance

French luxury group Kering saw sales slide by six percent in the first quarter of this year, with its troubled flagship Gucci fashion house still dragging down its performance.

Rolls-Royce unveils ultra-luxury limited series electric car

Far from the downturn that has shaken many luxury houses in recent years, Britain's Rolls-Royce on Tuesday launched an ultra-luxury, limited-series electric car.

Paris engineer wins Picasso painting at charity auction

An art-loving engineer from Paris was the lucky winner of an original Picasso painting worth over a million euros at a charity raffle in Paris on Tuesday.

Stocks rise, oil prices retreat on hopes for Mideast peace deal

Stock markets climbed and oil prices tumbled Tuesday on rekindled hopes for a deal to end the Middle East war and reopen the key Strait of Hormuz to end disruptions that have sent energy prices soaring.

ECB chief insists won't abandon ship amid global turmoil

European Central Bank chief Christine Lagarde said Tuesday she would not leave her post early as the global economy faces a severe storm, insisting: "This captain is not going to leave the ship."

Czech govt draws ire with public media financing plan

The Czech culture minister angered the opposition and media freedom watchdogs with a plan presented Tuesday to fund public media from the state budget instead of fees paid by citizens.

US bank profits jump as execs see consumers surviving oil spike so far

Large banks reported higher profits Tuesday, pointing to resilience among US businesses and customers despite higher oil prices from the Middle East war.

Amazon says to buy Globalstar to expand satellite network

Amazon said Tuesday that it had signed a deal to buy the US telecoms satellite group Globalstar to expand its own space-based internet network and compete with Elon Musk's Starlink.

IMF cuts eurozone growth forecast to 1.1%, warns of strong euro

Economic growth across the eurozone will slow to an estimated 1.1 percent this year as higher energy prices weigh on manufacturing, the International Monetary Fund said Tuesday.

Romuald Wadagni, from economic reformer to presidential palace

For a decade, Benin's new president Romuald Wadagni has been the behind-the-scenes architect of sweeping economic reforms that have led to one of the strongest growth rates in west Africa.

Mideast war revs up electric car demand in Asia

Electric vehicle sales have jumped in Southeast Asia as cost-conscious buyers have poured into dealerships looking to dodge the fuel price spikes driven by the Middle East war.

China's economy likely picked up pace in first quarter: AFP survey

China's economic growth likely picked up in the first three months of the year, according to analysts surveyed by AFP, boosted by exports now impacted by the Middle East war, while domestic demand remains weak.

Asian stocks rally, crude drops on lingering hope for a peace deal

Stocks rose and oil fell Tuesday on hopes for a deal to end the Middle East war and reopen the Strait of Hormuz, with Donald Trump saying Tehran had called to seek an agreement even as a US naval blockade around Iran's ports began.

Geneva watch fair set to show war's effect on luxury sector

The Geneva watch fair opens on Tuesday and will be taken as a barometer of how the Middle East war is affecting the luxury goods sector.

OpenAI firebomber was trying to kill boss Sam Altman: prosecutors

A man who allegedly threw a Molotov cocktail at Sam Altman's luxury California home was trying to kill the boss of artificial intelligence giant OpenAI, US officials said Monday.

McDonald's, Iran, and the pope: Trump's bizarre press conference

If the McDonald's delivery to the Oval Office on Monday wasn't extraordinary enough, President Donald Trump's press conference on Iran, the pope and Jesus certainly was.

P&G and OMP Showcase the Path to Autonomous, Decision-Centric Planning at Gartner Supply Chain Symposium/Xpo 2026

How decision velocity is closing the gap between insight and action across one of the world's most complex value chains

Lufthansa pilots strike as cabin crew call further stoppage

Hundreds of Lufthansa flights were cancelled Monday as pilots kicked off a two-day strike over pay and pensions, with cabin crew announcing they were staging yet another stoppage later this week.

SCANDIC COIN — цифровая валюта в рамках закрытой экосистемы

SCANDIC COIN (SNC) — это новый международный блокчейн-проект, который реализуется Scandic Finance Group (SFG) в качестве брендовой экосистемы. Группа, штаб-квартира которой находится в Гонконге, создала цифровую валюту, объединяющую реальные компании с более чем 30-летним опытом в сферах финансов, недвижимости, мобильности, данных и лайфстайла. Официальный сайт определяет SCANDIC COIN (https://www.SCANDIC COIN.dev) как «транзакционное ядро» экосистемы.

SCANDIC COIN, a digital currency within a closed ecosystem

SCANDIC COIN (SNC) is a newly launched international blockchain project operated by the Scandic Finance Group (SFG) as a brand ecosystem. The Hong Kong-based group has created a digital currency that connects real-world companies with over 30 years’ experience in finance, property, mobility, data and lifestyle. The official website describes SCANDIC COIN (https://www.SCANDIC COIN.dev) as the “transactional heart” of an ecosystem.

Goldman Sachs eyes more corporate mergers despite war uncertainty

Goldman Sachs reported strong first-quarter earnings on Monday, pointing to continued client interest in dealmaking that so far has not been derailed by the Middle East War.

LVMH sales feel impact from war

Sales at the world's leading luxury group, LVMH, fell six percent in the first quarter of the year as the war in the Middle East depressed business in the region.

French court gives teacher suspended sentence over pupil's suicide

A French court Monday handed a suspended one-year jail sentence to a teacher for bullying an 11-year-old pupil who killed herself in 2019, in a rare such verdict in the country.

French court jails Lafarge ex-CEO for funding IS in Syria

A French court on Monday fined the cement group Lafarge over $1.3 million and sentenced its former boss to six years in prison for paying protection money to the Islamic State group and other jihadists to maintain its business in war-torn Syria.

Oil surges, stocks drop as Trump threatens to block Hormuz

Oil prices surged and stock markets broadly fell Monday after US-Iran peace talks broke down and President Donald Trump announced a plan to block the strategic Strait of Hormuz, ratcheting up fears for Middle East energy supplies.

'Help me!': family's anguish over Equatorial Guinean lured into Ukraine war

A desperate voice crackled down the phone -- Mariano Nkogo Mba Nchama's 22-year-old son pleaded for help to get home to Equatorial Guinea from Ukraine, where he is fighting for the Russian army.

Germany unveils 1.6 bn euro fuel price relief to tackle energy shock

Germany on Monday unveiled 1.6 billion euros ($1.9 billion) in fuel price relief for households and businesses struggling with the energy shock unleashed by the Middle East war.

Australia names Coyle first woman to lead army

A woman will command Australia's army for the first time since its founding 125 years ago, Defence Minister Richard Marles said Monday as he unveiled the "deeply historic" appointment.

Spain's Sanchez calls China trade imbalance with EU 'unsustainable'

Spanish Prime Minister Pedro Sanchez called China's trade imbalance with the European Union "unsustainable" on Monday, as he began a three-day visit to Beijing where he hopes to strengthen economic ties.

Oil surges, stocks fall as Trump says to blockade Strait of Hormuz

Oil prices surged and stocks sank Monday after US-Iran peace talks fell apart and Donald Trump announced a blockade of the strategic Strait of Hormuz, adding to fears of energy supplies from the Middle East.

Berliner Boersenzeitung - Economy (English)