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Una Hajdari

Business

TotalEnergies reaps $1bn windfall from Middle East oil war bet

The French energy giant is reported to have dominated the Middle East crude market in March, snapping up dozens of oil cargoes as wartime disruptions created a historic opening for traders.

Business

BYD profit slumps 19% after record year edging Tesla off the EV throne

The Chinese electric vehicle giant posted a sharp drop in annual profit in 2025, squeezed by a brutal domestic price war — even as it outsold Tesla by more than 600,000 battery electric vehicles for the year.

Markets

Lagarde warns Iran war shock will last 'years' as European stocks slip

European Central Bank President Christine Lagarde has warned that markets are "overly optimistic" about the Iran war's economic impact, as stocks fell across Europe, Asia and Wall Street on Friday.

Economy

G'day to cheaper Champagne: EU-Australia deal boosts European products

After eight years of fraught negotiations, Europe and Australia have finally struck a trade deal. From champagne to critical minerals, here is what changes — and for whom.

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Economy

Iran war energy shock puts ECB on alert — Lagarde vows timely response

The Iran war has sent oil and gas prices surging and rate hike bets rising, but ECB chief Christine Lagarde says the eurozone is far better placed to absorb the shock than it was when Russia invaded Ukraine.

Business

Cars to defence: Will Volkswagen make parts for Israel's Iron Dome?

Volkswagen is reportedly in talks with Israeli defence company Rafael Advanced Defense Systems about potentially converting VW's Osnabrück plant, currently threatened with closure, to producing defence-adjacent parts.

Markets

SpaceX could eye record IPO this week as valuation soars past €1.61tn

Elon Musk's rocket and satellite company could file paperwork with US regulators as soon as this week, in a listing that would dwarf Saudi Aramco's record 2019 offering.

Markets

Gold and silver plummet then soar on Trump's Iran statement

Middle East conflict was supposed to boost precious metals. Instead, oil and rate fears have sent silver crashing 40%, and gold is feeling it too.

Economy

Federal Reserve not likely to cut rates as Iran war stokes inflation

The Federal Reserve is expected to hold interest rates steady and may signal it will not cut rates at all this year as the Iran war complicates the central bank's inflation outlook.

Business

Piety at home, property abroad: What are Mojtaba Khamenei's assets?

Official sanctions records, corporate filings and land registry documents point to a vast financial network possibly tied to Iran's new supreme leader.

Economy

Diplomacy al dente: US withdraws anti-dumping duties on Italian pasta

The Italian Foreign Ministry, in cooperation with the European Commission, succeeded in obtaining a reduction in the anti-dumping duties introduced by the US administration on Italian pasta imported into the country

Economy

Trump admin could suspend a century-old law in bid to curb oil prices

The Trump administration is allegedly set to suspend the Jones Act, a century-old federal maritime law. A waiver would allow foreign tankers to transport cargo between US ports as oil prices remain above $100.

Business

BMW profits fall 11.5% to pandemic-era low due to tariffs, China slump

BMW's operating profit fell 11.5% to €10.2 billion in 2025 — its lowest since the Covid pandemic — as tariffs and a China sales slump dragged the automotive segment's margin down to 5.3%.

Economy

IEA approves historic 400m barrel oil release amid Iran crisis

The 32-member International Energy Agency has unanimously agreed to release 400 million oil barrels from its global strategic reserves in an attempt to prevent supply disruptions and ease market fears caused by Iran war shortages.

Business

Bahrain declares force majeure as Iran sets its only refinery ablaze

Bapco Energies invoked force majeure on Monday after a strike set the Al-Ma'ameer facility ablaze, joining Qatar and Kuwait in suspending shipments as Iran escalates its attacks on Gulf energy infrastructure.

Economy

The 18th-century constitutional clause that could cost Trump €150bn

A New York court has ordered Customs to begin repaying hundreds of thousands of importers — before the government could find a way to avoid it.

Business

Musk faces court over claims he tanked Twitter stock before buyout

The billionaire faces a shareholder lawsuit alleging he deliberately spread false information about fake accounts to drive down Twitter's stock price ahead of his takeover of the social media platform.

Switzerland

Davos forum chief Brende steps down after WEF probes Epstein links

The WEF opened an internal investigation after the US released new Epstein documents, complicating the succession race at the prestigious economic organization.

Business

Lamborghini CEO says EV plans on hold due to weak luxury demand

CEO says customers have yet to form an “emotional connection” with EVs, pushing the brand towards a focus on hybrid power instead.

Economy

Trump raises global tariffs from 10% to 15% 'effective immediately'

The US president said that the new measure will effective immediately raise the 10% worldwide tariff on countries, many of which 'have been ripping the US off for decades, without retribution.'

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