ADVERTISEMENT
ADVERTISEMENT
Markets
European markets open mixed as AI stocks sell-off hits Asia
European stock markets had a mixed opening, as shares fell in Asia, with South Korea's benchmark dropping more than 5%. This comes as US markets saw sharp declines in several major artificial intelligence-related stocks on Thursday.
Europe Today
Markets 'confused' by US-Iran uncertainty, expert says
Economics analyst Osama Rizvi believes the chance of markets getting "worse" or "ugly" is "more than getting better" due to the changing situation between the US and Iran. According to Rizvi, economic confidence is "going down" in Europe.
ADVERTISEMENT
Travel News
How to avoid paying more for Middle East travel disruption
More expensive tickets, possible cancellations and last-minute changes. The conflict in the Middle East threatens to complicate summer holidays. Brussels reminds travellers of their rights and recommends checking conditions before booking to avoid overpaying.
Economy
Oil stocks drain at record pace as IEA warns of renewed price swings
The International Energy Agency says the oil market is likely to remain in deficit until the final quarter of the year, as disruptions at the Strait of Hormuz continue to constrain supply, increasing the risk of renewed price volatility.
Business
Saudi Aramco profits jump 25% as Iran war drives oil prices higher
Saudi Aramco said Q1 profit rose 25% as the Iran war disrupted global oil supplies and pushed up prices. The company shifted some exports away from the Strait of Hormuz via its East-West Pipeline, which is now operating at full capacity.
Markets
Oil drops below $100 while markets rise as US and Iran near a deal
Brent crude has fallen below $100 a barrel while Asian markets reached new all-time highs and European stocks rose at the open on reports that the US and Iran are nearing a deal for the gradual reopening of the Strait of Hormuz.
