Trump's Iran war strikes and troop withdrawals from Germany have fractured NATO trust. European leaders are now accelerating plans for a self-sufficient alliance.
Barclays reported record investment banking income of £4bn, yet scaled back risky lending following a £228m hit from the collapse of UK mortgage firm MFS. CEO C.S. Venkatakrishnan warned of rising fraud while setting aside £105m for motor finance compensation.
Wang Yi met US Senators in Beijing, urging mutual respect and win-win cooperation to stabilize ties and benefit the world through constructive, stable dialogue.
Bitcoin fell to $79,800 due to technical resistance and RSI divergence, even as weekly spot ETF inflows topped $1B. Bulls look to hold $78,500 support for a rebound.
Allianz shares fell 4% today, but it's just a technical dip as the stock trades ex-dividend following a record €17.10 payout. The outlook remains bullish.
The Trump administration's new counter-terrorism strategy calls Europe an incubator for terror due to migration. It also targets left-wing extremists and drug cartels while urging Europe to halt its civilisational erasure.
General Motors is recalling over 40,400 vehicles in the U.S. due to brake fluid sediment that poses a crash risk, according to the NHTSA.
Shell's Q1 profit hit $6.9B, beating estimates on oil trading gains. It hiked dividends by 5% but trimmed buybacks to $3B to manage debt amid Middle East volatility.
Italian unions set a May 20 strike for Kering, citing job cuts and a lack of strategic clarity regarding the group's reorganization plan.
Papa John's missed revenue and profit goals as North American sales fell 6.4%. High living costs and fuel prices hit demand, even as Irth Capital eyes a $1.5B buyout.
Despite high fuel prices and a tough economy, McDonald's topped expectations with $6.52B in revenue. Sales rose 3.9% as diners spent more on premium items.
UK holidaymakers are urged not to cancel their travel plans despite global jet fuel shortage fears linked to Middle East conflicts. The UK currently faces no fuel shortages, and flights remain largely unaffected. Contingency plans protect summer schedules.
Outgoing EU trade chief Weyand says the 2020 China investment pact is outdated and must stay in the deep freezer.
Lufthansa reported a stronger-than-expected first quarter in its 100th anniversary year, successfully mitigating the impact of the Iran conflict and rising jet fuel costs. The airline maintains its 2026 profit targets, driven by robust global travel demand. Key Financial Metrics (Q1 2026) Operating Loss: €612 million (a 15% year-over-year improvement, beating analyst expectations of a €659 million loss)Revenue: €8.75 billion (a record
WBD posts $2.89B streaming revenue. A $2.92B net loss reflects the Paramount-Netflix breakup fee, but a merged entity would boast 220M+ subscribers.
Micron Technology jumps 11%, topping $700B value as AI-driven memory demand and supply shortages fuel a massive stock rally.
The PBOC details a new coordinated policy playbook to steer credit toward high-tech manufacturing, signaling a major monetary easing shift for the 2026 cycle.
OECD reports show global growth holding at 2.9% for 2026. While the outlook is subdued, productivity gains from AI are providing a needed offset in the West.
CEO Dan Schulman is ending free phone lines and handsets to boost profits. Verizon now prioritizes value-based retention and AI over blunt promotional giveaways.
Climate shocks and Middle East conflict are driving UK food prices toward a 50% increase since 2021, with beef and olive oil costs seeing the sharpest spikes.
The US Financial Industry Regulatory Authority is investigating Morgan Stanley's Budapest office over claims of unlicensed junior bankers handling major deals.
Novo Nordisk shares rose 7% as its new obesity pill sales doubled forecasts, hitting 2.26B crowns and narrowing the competitive gap with rival Eli Lilly.
AMD shares jumped 12% after projecting Q2 revenue above $11B, driven by AI chip demand and a booming server CPU market set to hit $120B by 2030.
British Airways is removing headrest covers in Club Europe to speed up cleaning. Flyers are upset as the last hint of luxury vanishes for faster turnarounds.