Economy- Page 17

Volkswagen workers on the production line at a German factory facing mass layoffs

Volkswagen Board Weighs 100,000 Layoffs in Germany’s Largest Industrial Contraction

Volkswagen's board met Thursday to vote on 100,000 job cuts and four German plant closures, the largest contraction in postwar German history. IG Metall and works council jointly called it an attack

July 10, 2026

by Economy Desk

Gas station pump prices reflecting surging energy costs from the Iran war 2026 oil inventory crisis

US Gasoline Prices Snap 50-Day Slide as Iran Escalation Rattles Energy Markets

The national average price of regular gasoline rose to $3.84 per gallon on Thursday, its first increase in nearly 50 days, after the collapse of the US-Iran ceasefire sent crude oil surging and renewed fears of prolonged disruptions in the

July 9, 2026

by Economy Desk

Best savings account checklist: 10 factors to evaluate in 2026

Introduction Selecting the best savings account involves more than simply opening the first account that appears

Blocked Rosneft petrol station in Saint Petersburg Russia diesel ban July 2026 after Ukraine drone strikes on refineries

Russia Bans Diesel Exports as Ukraine Drones Strike 21 Vessels, Halt Omsk Refinery

Ukraine's Unmanned Systems Forces struck 21 vessels in the Sea of Azov and shut down the

A passenger jet on approach as global airlines face a 70 percent jet fuel cost surge in 2026

Airline Profits Halve in 2026 as the War on Iran Drives Jet Fuel Higher

The global airline industry will earn about $23 billion in 2026, roughly half of last year, after the war on Iran drove jet fuel up 70 percent and added $100 billion to

June 9, 2026

Business·Economy·News

OpenAI Files Confidentially for a US IPO, Then Tells Investors Not to Expect It Soon

OpenAI confirmed Monday it had filed confidential paperwork for a US IPO, then warned an actual listing "may be a while" away. The biggest name in the AI IPO wave is also

June 9, 2026

Artificial Intelligence·Business·Economy·News·Technology

OpenAI confidential IPO filing with the US Securities and Exchange Commission

OpenAI Files for a US IPO, Joining an AI Rush to Wall Street

OpenAI told the world on Monday it had filed a confidential draft IPO with the SEC, the first step toward going public near an $852 billion valuation. It joins Anthropic and SpaceX

June 9, 2026

Artificial Intelligence·Business·Economy·News·Technology

Heavy machinery removes rubble after Israeli airstrike on Beirut southern suburbs June 2026

Brent Surges Past $97 as Israel Strikes Lebanon and Iran, Rendering OPEC+ Output Hike Irrelevant

Brent crude jumped past $97 a barrel on Monday after Israel bombed Beirut and struck an Iranian petrochemical plant, collapsing a five-day-old ceasefire and wiping out any market relief from OPEC+'s fourth

June 8, 2026

Business·Conflicts, Military and War·Economy·News

Participants at Moscow Arbitration Court for Bank of Russia lawsuit against Euroclear January 2026

Russian Court Upholds $230 Billion Euroclear Judgment as Appeal Rejected, Enforcement Writ Active

Russia's appellate court has rejected Euroclear's bid to halt enforcement of a €200 billion damages ruling, leaving the Belgian depository facing an active writ of execution — and raising the stakes in

June 8, 2026

Business·Conflicts, Military and War·Economy·News

MGM Resorts Springfield casino facade on Main Street Massachusetts

Barry Diller’s $18 Billion MGM Bid Puts a Quiet Rhode Island Financier in the Hot Seat

Barry Diller's People Inc. submitted an $18 billion non-binding bid for MGM Resorts on June 1, offering $48.30 a share for the roughly 74 percent it doesn't already own. By recusing himself

June 8, 2026

Business·Economy·Markets·News

Vessels sailing in the Strait of Hormuz as oil prices remain elevated amid Iran conflict June 2026

Oil Near $94 Tests the One Assumption Wall Street Has Refused to Question

Global stocks retreated on Monday as Brent crude approached $94 a barrel, putting the first serious pressure on the AI-driven rally's most convenient assumption: that oil prices and technology earnings occupy separate

June 8, 2026

Business·Economy·News

Seoul’s Circuit Breaker, a Jobs Shock and Iran’s Missiles: How Three Crises Crashed Asian Markets in a Single Day

South Korea's KOSPI plunged 8.29 percent and tripped its circuit breaker on Monday as three simultaneous shocks — Iran's missile strike on Israel, Broadcom's AI guidance miss, and a blowout US jobs

June 8, 2026

Business·Conflicts, Military and War·Economy·News

Trader on floor of New York Stock Exchange as Nasdaq plunges 4 percent on June 5 2026 after jobs report fuels Fed rate hike fears

Nasdaq’s Worst Day in a Year Exposes the Fault Lines Beneath the AI Rally

A stronger-than-expected May jobs report erased $1.7 trillion from global equity markets on Friday, sending the Nasdaq to its steepest single-day loss since April 2025 and raising the probability of a Federal

June 7, 2026

Business·Economy·News·Technology

Bitcoin price crash below $60,000 for first time since 2024 as crypto markets sell off

Bitcoin Breaks Below $60,000 for First Time Since 2024 as Trump Rally Fully Unwinds

Bitcoin slid to $59,110 on Friday, breaching the $60,000 floor for the first time since October 2024 and effectively erasing the entire post-election rally that carried the cryptocurrency to a record $122,000.

June 7, 2026

Business·Crypto·Economy·News

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Economy- Page 17

Volkswagen Board Weighs 100,000 Layoffs in Germany’s Largest Industrial Contraction

US Gasoline Prices Snap 50-Day Slide as Iran Escalation Rattles Energy Markets

Best savings account checklist: 10 factors to evaluate in 2026

Russia Bans Diesel Exports as Ukraine Drones Strike 21 Vessels, Halt Omsk Refinery

Airline Profits Halve in 2026 as the War on Iran Drives Jet Fuel Higher

OpenAI Files Confidentially for a US IPO, Then Tells Investors Not to Expect It Soon

OpenAI Files for a US IPO, Joining an AI Rush to Wall Street

Brent Surges Past $97 as Israel Strikes Lebanon and Iran, Rendering OPEC+ Output Hike Irrelevant

Russian Court Upholds $230 Billion Euroclear Judgment as Appeal Rejected, Enforcement Writ Active

Barry Diller’s $18 Billion MGM Bid Puts a Quiet Rhode Island Financier in the Hot Seat

Oil Near $94 Tests the One Assumption Wall Street Has Refused to Question

Seoul’s Circuit Breaker, a Jobs Shock and Iran’s Missiles: How Three Crises Crashed Asian Markets in a Single Day

Nasdaq’s Worst Day in a Year Exposes the Fault Lines Beneath the AI Rally

Bitcoin Breaks Below $60,000 for First Time Since 2024 as Trump Rally Fully Unwinds

Radical Islam is being appreciated by Indian authorities too

Bangladesh; India’s Biggest Ally or China’s Dragon Nest?

Ahmadis in Bangladesh face fresh threat of persecution

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