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Fuel costs push Spanish inflation to 21-month high
Spanish inflation jumped to a 21-month high of 3.4 percent in March as the Middle East war caused fuel prices to spike, revised data showed on Tuesday. Transport costs increased 5.3 percent year-on-year due to higher prices for fuel and lubricants for personal vehicles, statistics office INE said in a statement, revising upwards a preliminary March inflation estimate of 3.3 percent. Read Also: Spain’s Sanchez calls China trade imbalance with EU ‘unsustainable’ Housing, clothing...
UK’s Reeves Calls Out Folly of US War in Iran Without Exit Plan
UK Chancellor of the Exchequer Rachel Reeves criticized US President Donald Trump over the damage his conflict in the Middle East has wreaked on the global economy and accused him of going to war without an exit strategy.
UK Pays Highest Yield for 10-Year Gilt Sale Since 2008
The UK sold 10-year bonds at the highest yield since the global financial crisis, drawing in record numbers of buyers keen to lock in returns that may fall back if the Middle East war comes to an end.
Indonesia Agrees to Receive Oil, Gas Supplies From Russia - Indonesian Energy Ministry
JAKARTA (Sputnik) - Indonesia has secured agreements on the supply of crude oil, fuel and liquefied petroleum gas from Russia, Indonesian Minister of Energy and Mineral Resources Bahlil Lahadalia said on Tuesday.
Rosseti’s investment program rises to $9.48 bln in 2025
The total financing of the consolidated investment program of the Rosseti Group in 2025 amounted to 725 bln rubles
China’s coal imports up 1.3% in January-March to 116 mln tons
In value terms, coal supplies to China from other countries fell by 6% in the reporting period to $8.73 bln
Warning Sign for Stocks Seen in Surging Inflation Expectations
Soaring inflation expectations are a warning sign for investors who have bought into the ceasefire-fueled rebound in stocks over the past few trading sessions, say some Wall Street market-watchers.
As oil prices surge, bringing back telework is common sense
President Trump can expand telework across the federal workforce as an immediate, demand-side measure to combat soaring gas prices.
War is over for Wall Street, while oil drags down bonds and gold
BusinessInternationalWar is over for Wall Street, while oil drags down bonds and goldBy Reuters -Apr 15, 2026As the conflict in the Middle East edges towards its eighth week, financial markets are starting to diverge. US stocks have wiped out all the losses incurred since the start of the war, but oil prices are still punishingly high, dragging on both government bonds and gold. There are dramatic disparities in emerging markets too. Brazilian markets have surged and China’s have seen healthy...
Morrisons plans to cut 200 jobs at head office
Morrisons plans to cut 200 jobs at head office22 minutes agoShareSaveAdd as preferred on GoogleGetty ImagesThe Bradford-based supermarket has started a consultation with staff about the redundanciesAbout 200 jobs are at risk at Morrisons' Bradford headquarters, the supermarket has confirmed. The retail firm said the cuts formed part of a restructuring move, which included a plan to step up its use of AI.The job losses are set to affect just under a tenth of those employed at Hilmore House,...
France's Lescure on Iran Ceasefire, Energy, Economy
French Finance Minister Roland Lescure discusses the Iran war, energy markets and the economy. Lescure will join the International Monetary Fund meetings in Washington this week as policymakers discuss the fallout from from the oil shock triggered by the conflict in the Middle East. He speaks on Bloomberg Television. (Source: Bloomberg)
China’s Teapot Refiners Fight to Survive Deepening Oil Crisis
The country’s independent crude processors rely heavily on discounted Iranian, Russian and Venezuelan crude, putting them in a perilous position.
Wells Fargo Misses Q1 Net Interest Income, Loan Estimates
Wells Fargo reported net interest income for the first quarter that was up from a year earlier but missed the average analyst estimate. Dani Burger reports on Bloomberg Television. (Source: Bloomberg)
China’s oil imports up 8.9% in January-March, gas imports down 4%
Russia is the leading exporter of energy resources to China
Tanger Med Industrial Activity Hits $18.8 Billion in 2025
Marrakech – The Tanger Med Group recorded MAD 188 billion ($18.8 billion) in industrial business volume in 2025, an 8% increase compared to the previous year. The performance was driven by sustained growth across the platform’s three core industrial segments. The automotive sector maintained its position as the leading contributor, generating MAD 125 billion ($12.5 billion), up 6.8% year-on-year. Logistics followed with MAD 50.4 billion ($5.04 billion), marking a 9.6% rise. Other industria...
France’s Lescure Sees Economy Overcoming Short-Term Slowdown
France is banking on longer-term investment, including from US firms in data centers, to help overcome a slowdown from the fallout of the conflict in the Middle East, Finance Minister Roland Lescure said.
UK hit with big IMF growth downgrade as Iran war fuels inflation
UK suffered the sharpest cut to economic growth forecasts for large rich economies by the International Monetary Fund on Tuesday, reflecting the country’s costly exposure to the inflationary impact of the Iran war. As finance minister Rachel Reeves, who was due to arrive in Washington for the Fund’s Spring Meetings, said on Tuesday it was a “folly” for the US to have no clear exit plan for the conflict, the IMF said Britain’s economy was now on course to grow by 0...
Israel poised to seize Hizbollah’s ‘capital of liberation’
Twenty-six years ago a Lebanese militant leader stood in Bint Jbeil to hail a landmark Israeli retreat. Now the IDF is set to take the town
Bank of Russia sells yuan worth $60 mln with settlements on April 13
The Central Bank also sold yuan on the domestic market in the amount of 4.6 bln rubles with settlements on April 10
Lucid Names CEO as Saudi PIF, Uber Commit Another $750 Million
Lucid Group Inc. named a new chief executive officer and announced $750 million of fresh investment from its two biggest backers, moves to shore up its operations as the electric-vehicle maker approaches a crucial production stretch.