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Iran Juggles Oil Cuts and Storage Strain to Resist US Blockade
As the US naval blockade in the Strait of Hormuz tightens around Iran’s oil trade, exports have plunged in recent weeks and storage is rapidly filling. Already, the country has begun curbing production, according to a senior Iranian official.
Swinney ‘very concerned’ by reports of BP considering leaving North Sea
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Kotak CEO Flags IDBI Valuation Concerns as Privatization Drags
Kotak Mahindra Bank Ltd.’s chief executive said the valuation sought for a stake in IDBI Bank Ltd. was too high, underscoring tepid bidder appetite for IDBI even as Kotak Mahindra Bank reported better-than-expected fourth-quarter earnings on Saturday.
Spirit Airlines shuts down immediately, cancelling all flights
TravelNews & AdviceSpirit Airlines shuts down immediately, cancelling all flightsThe company had been in discussions with the Trump administration about a rescue package, but no deal was reached.Graeme Massie & Aamer MadhaniSaturday 02 May 2026 13:24 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":true,"sh...
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What Kevin Warsh Means for the Future of the Fed
The Federal Reserve held its latest policy meeting this week with inflation still elevated, the war in Iran still rattling energy markets, and a new Chair waiting to be confirmed by the Senate. Former economic adviser to President Bush and Columbia Business School dean Glenn Hubbard breaks down what the Fed's decision signals about the economy and what Kevin Warsh's incoming leadership could mean for the institution's purpose, strategy, and independence. (Source: Bloomberg)
New Rules for India Shadow Banks May Put Tata Sons IPO on Radar
A tweak by India’s central bank to the definition of shadow lenders has potentially revived the debate about whether Tata Sons Pvt. — the controller of one of the country’s largest conglomerates — could be forced to list in the near future.
LIV Golf hires financial advisers in scramble to secure funding lifeline
LIV Golf is parachuting in a heavyweight team of financial advisers to help it secure a multi-billion dollar funding lifeline after its Saudi sovereign backers left its future hanging by a thread, according to Sky News' Mark Kleinman.
The Parmigiano vault: How Italy’s ‘cheese banks’ power a 4 billion euro industry
In Emilia-Romagna, Italy, hundreds of thousands of wheels of Parmigiano Reggiano cheese are stored in climate-controlled warehouses, serving as valuable collateral for loans. This unique financial system allows producers to overcome cash flow challenges caused by the cheese's lengthy aging process, ensuring the industry's continued operation and growth.
Bankrupt Spirit Airlines cancels ALL flights immediately and fails to help stranded passengers as it winds down operations after 33 years
Bankrupt Spirit Airlines cancels ALL flights immediately and fails to help stranded passengers as it winds down operations after 33 yearsBy SOPHIE GABLE, US REPORTER Published: 12:42, 2 May 2026 | Updated: 12:42, 2 May 2026 e-mail View comments
Oil Tanker Pricing Feud Embroils a Centuries-Old London Market
A legal claim from one of the world’s largest oil traders is throwing a spotlight on an arcane but critical corner of global finance — the multibillion-dollar freight market and the 282-year-old City of London institution that sits at the heart of it.
Keir Starmer warns voters they must prepare for inflation spike caused by Iran and says Britain must be 'much closer to the EU'
He agreed with predictions that the UK could see inflation rise above six per cent and warned that even when the Strait of Hormuz was opened 'I don't want anybody to think it will all return to normal'.
Rabat Hosts Morocco-Germany Talks to Deepen Energy Transition Cooperation
Agadir – Morocco and Germany held high-level talks on Thursday aimed at strengthening bilateral cooperation in the energy sector, with a particular focus on advancing the country’s energy transition and expanding investment in emerging green industries. The meeting took place at the headquarters of Morocco’s Energy Transition Sector in Rabat and brought together senior Moroccan officials and a German economic delegation led by Stefan Rouenhoff, Parliamentary State Secretary at the Federal...
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EPFO Pension Hike: 7.5 गुना बढ़ने जा रही आपकी पेंशन? जानिए किसे मिलेगा ये लाभ
EPFO Pension Hike
World’s Largest Container Carrier Plans Route Avoiding Hormuz
The world’s largest container carrier plans a new service linking Europe with isolated Middle East ports, using trucking across Saudi Arabia and smaller vessels in the Persian Gulf instead of transiting the blocked Strait of Hormuz.
Venezuela’s crude exports hit highest since 2018 — India, US and other buyers line up
Venezuela's crude exports surged 14% to 1.23 million barrels per day in April, reaching their fastest pace in over seven years. This increase, driven by demand from the US, India, and Europe, follows a US agreement that softened sanctions, allowing major trading firms and partners to resume lifting Venezuelan crude.
How DevOps specialist turned down Rs 16 LPA and secured Rs 20 LPA in 2 hours
How DevOps specialist turned down Rs LPA and secured Rs LPA in hours
Petrol prices where you are - new map shows cheapest areas to fill up your car after fuel hike
British drivers are still paying far more at the pump compared with before the outbreak of the Iran war as a new interactive map shows where prices are cheapest
Spirit Airlines ends operations, sector’s 1st Iran war casualty
Low-cost U.S. carrier Spirit Airlines ceased operations on Saturday, marking the industry’s first casualty linked to the U.S.-Israeli war on Iran, after...