Shipping traffic through the Strait of Hormuz has slowed dramatically, with only five vessels, including a single Iranian oil products tanker, passing through in the last 24 hours, according to Friday’s shipping data. The sharp decrease follows Iran’s seizure of two container ships this week and an ongoing US blockade of Iranian ports, escalating maritime
The European Union has partnered with financial institutions to launch the Global Green Bond Initiative Fund, aiming to mobilise up to €20 billion ($23.43 billion) in private capital for sustainable infrastructure projects in low- and middle-income countries. The initiative reflects the EU’s broader push to expand climate-focused financing while supporting economic development in emerging markets.
US stocks edged higher on Friday, supported by renewed optimism around potential diplomatic progress between Washington and Tehran, alongside strong momentum in semiconductor stocks led by Intel. The S&P 500 rose about 0.25%, while the Nasdaq 100 climbed 1.2%. The Dow Jones Industrial Average, however, was down 179 points. The cautious optimism follows reports that
Procter & Gamble exceeded analyst expectations for quarterly earnings and revenue, reporting its first volume growth in a year and sending the company’s shares up approximately 3.3% on Friday. For its fiscal third quarter, P&G reported net income attributable to the company of $3.93 billion, or $1.63 per share, an increase from $3.78 billion, or
Shares in SAP rallied on Friday after the German software giant reported better-than-expected first-quarter profit and reaffirmed its long-term cloud outlook. The strong result came even as concerns around artificial intelligence continue to weigh on the broader sector. SAP’s American depositary receipts rose 7.3% to $175.31, recovering from a 6.2% decline in the previous session.
Wall Street opened weaker on Thursday, as investors paused after a recent rally, weighed down by persistent geopolitical tensions and a mixed batch of corporate earnings. The Dow Jones Industrial Average fell about 253 points, or 0.51%. S&P 500 slipped 0.26%, while Nasdaq 100 also declined 0.33%, after both indexes closed at record highs in
A crypto bull run could be about to start as the Fear and Greed Index continues rising and spot Bitcoin ETF Inflows accelerate. This article explores some of the best crypto to buy if this bull run happens. HYPE is the best crypto to buy today Hyperliquid’s HYPE token is one of the best crypto
ServiceNow shares fell sharply after the company flagged geopolitical disruptions and a weaker margin outlook, dampening investor sentiment despite stronger-than-expected revenue and upbeat projections for its artificial intelligence business. The stock dropped more than 14% as the enterprise software firm said the ongoing conflict in the Middle East had delayed key deal closures, weighing on
The British pound edged lower against the US dollar on Thursday, as investors moved towards safe-haven assets amid concerns over a fragile ceasefire in the Middle East. Sterling slipped slightly to $1.349, marking a 0.17% decline for the week. The move reflects broader risk aversion in global markets, where the US currency attracted inflows as
Consumer products behemoth Procter & Gamble Company (PG), is scheduled to unveil its third-quarter fiscal 2026 financial results on April 24, ahead of the market opening, with analysts anticipating year-over-year growth in both sales and earnings. For the fiscal third quarter, the Zacks Consensus Estimate forecasts Procter & Gamble will report revenues of $20.6 billion,