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Oil giants report blowout profits on war, warn high gas prices could persist

US petroleum giants ExxonMobil and Chevron released blowout profits Friday due to the Middle East war, as executives cautioned that elevated gasoline prices will probably continue to strain consumers.

Hungary to shut nuclear plant as heatwave hits central Europe

Hungary's sole nuclear power plant will be shut down next week because of low water levels in the river Danube, Prime Minister Peter Magyar said Friday as central Europe slogs through the latest in a series of heatwaves.

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Oil rallies, stocks tumble as Trump says US to hammer Iran further

Oil prices spiked and stocks sank on Thursday after Donald Trump reiterated that US forces would hammer Iran for another two to three weeks but offered no solution to the closure of the Strait of Hormuz that has crippled global markets.

Trump says Iran president requests ceasefire, Tehran says 'false'

Donald Trump said Wednesday that Iran's president had asked for a ceasefire but insisted the Islamic republic must first reopen the Strait of Hormuz ahead of a national address expected to touch on the state of the war.

'Wake-up call': Megan Thee Stallion falls ill during Broadway show

American rapper Megan Thee Stallion said Wednesday that she had a "wake-up call" after she was taken to hospital in the middle of a Broadway performance of "Moulin Rouge!" in New York City.

France charges man over failed attack on US bank

French authorities Wednesday charged a young man in connection with an attempted attack against a Bank of America branch in Paris, as investigators explored suspicions a pro-Iran group was involved.

SpaceX files to go public, paving way for record stock offering

Elon Musk's SpaceX has filed papers with US regulators that set the stage for what could be the largest-ever public stock offering, a source familiar with the matter told AFP on Wednesday.

Tractors roll through Vienna as farmers protest

Some 300 tractors rolled down the streets of Vienna Wednesday in a rare such protest in the Austrian capital as farmers pushed for restaurants and supermarkets to list the country of origin for their prepared dishes.

SpaceX files securities documents to go public: source

Elon Musk's SpaceX has filed confidential papers with US securities regulators for what could be the largest-ever public stock offering, a source familiar with the matter told AFP on Wednesday.

Stocks rally, oil drops on Mideast war optimism

Global stocks rallied and oil prices fell Wednesday after US President Donald Trump said the Middle East war that has roiled markets could be over within weeks.

Trump says Iran asks for ceasefire as Tehran hit by fresh strikes

President Donald Trump said Wednesday that Iran had asked for a ceasefire, but ruled out any truce until the vital Strait of Hormuz was reopened for crucial energy shipments.

IndiGo lands IATA chief Willie Walsh as new CEO

IndiGo said Wednesday it was appointing Willie Walsh as its new chief executive as India's leading airline sought to recover from an embarrassing spate of cancellations that threw the country's airports into turmoil

Stocks rally, oil dips on Mideast war optimism

Global stocks rallied and oil prices fell Wednesday after US President Donald Trump said the Middle East war that has roiled markets could be over within weeks.

France's Dassault says 'weeks' left to save Europe warplane project

The head of France's Dassault Aviation said on Wednesday he was giving his company "two to three weeks" to see if the multibillion-euro warplane programme with Germany could work as the government tries to salvage the project.

Stocks rally, oil dives as Trump says war to end 'very soon'

Equities rallied and oil tumbled Wednesday after US President Donald Trump said the Middle East war would be over in up to three weeks and his Iranian counterpart said Tehran had "the necessary will" to bring it to an end.

Anthropic releases part of AI tool source code in 'error'

Anthropic accidentally released part of the internal source code for its AI-powered coding assistant Claude Code due to "human error," the company said Tuesday.

Chinese robotaxis stall in apparent 'malfunction': police

A string of self-driving robotaxis owned by Chinese internet giant Baidu stalled in central China, stranding passengers after an apparent "system malfunction", police said Wednesday.

Japan allows joint child custody after divorce

Divorcing parents in Japan can opt to share custody starting Wednesday, ending a system both criticised for encouraging parental child "abductions" and defended as a safeguard for domestic abuse survivors.

NFL says will not scrap diversity measure despite Republican pressure

The NFL will not scrap pro-diversity policies that require teams to interview minority candidates, despite legal pressure from Florida's Republican attorney general, commissioner Roger Goodell said Tuesday.

Asian stocks rally as Trump says war to end 'very soon'

Asian stocks rallied Wednesday after US President Donald Trump said the Middle East war would be over in up to three weeks and his Iranian counterpart said Tehran had "the necessary will" to bring it to an end.

AI giant Anthropic says 'exploring' Australia data centre investments

Artificial intelligence giant Anthropic is eyeing data centre investments in Australia, saying Wednesday the nation was a "natural partner" for work in the booming sector.

At gas stations, Americans say they're 'paying the price' of Iran war

At a gas station in the Washington suburbs, drivers confronted the harsh domestic repercussions of the war on Iran, as spiking fuel prices hit household budgets hard.

Trump says war with Iran could end in 'two weeks, maybe three'

US President Donald Trump said Tuesday that the war with Iran may be over in two or three weeks, and it will be up to other countries to secure the vital Strait of Hormuz oil shipping channel.

OpenAI raises $122 billion in boosted funding round

OpenAI on Tuesday said that the startup was valued at $852 billion in a freshly closed funding round that raised $122 billion.

US stocks surge on hopes Iran war will end soon

Wall Street stocks rocketed higher Tuesday while oil prices retreated after Iran's president said his country had the "necessary will" to end the war with the United States and Israel, lifting hopes that a resolution was in site.

Dizzying month on markets with Middle East war

Oil prices soaring, bond yields climbing and equities slumping... financial markets saw dizzying movements in March thanks to the war in the Middle East.

Iran Guards say will target US tech firms if more leaders killed

Iran's Revolutionary Guards warned Tuesday they would retaliate against leading US tech firms such as Google, Meta and Apple if more Iranian leaders were killed in "targeted assassinations" in the more than month-old war.

Stocks rise on peace hopes, oil mixed

US and European stocks rose Tuesday on hopes for a quick end to the Middle East war, while oil prices traded mixed amid the continuing uncertainty.

Stocks rise on peace hopes, oil flat

US and European stocks rose Tuesday on hopes for a quick end to the Middle East war, while oil prices steadied amid the continuing uncertainty.

Trump says other countries should 'just take' the Strait of Hormuz

US President Donald Trump said Tuesday the countries that have not joined the Middle East war but are struggling with fuel shortages should "go get your own oil" in the Strait of Hormuz.

Indonesia rations fuel as prices soar over Mideast war

Indonesia on Tuesday announced fuel rations and mandated work from home for civil servants, as it seeks to conserve energy stocks amid global price hikes due to the Middle East war.

How Middle East war is driving up shipping costs

Iran's closure of the Strait of Hormuz trade route in the Middle East war is driving up the costs of shipping fuel and goods around the world, industry data shows.

Russian tanker brings oil to Cuba as US eases blockade

A Russian oil tanker arrived in a Cuban port on Tuesday to deliver the first crude shipment to the island since January after Washington gave the crisis-hit country a reprieve from an effective fuel blockade.

Asia to be hit hardest by Iran war energy crisis: Kpler to AFP

Asian nations are facing a major energy crisis as a result of the Iran war, with a sharp fall in crude shipments and few alternatives, global maritime analytics firm Kpler told AFP on Tuesday.

Coin Press - Economy (English)