International crude prices rallied sharply on the UAE’s OPEC withdrawal announcement, boosting energy stocks on Wall Street while tech giants face investor scrutiny over AI spending returns.
The Bank of Japan kept its policy rate unchanged in a 6-3 split vote, while raising its inflation forecast, reflecting concerns about the economic impact of the Iran conflict.
Supporters of California’s billionaire tax proposal have announced they collected enough voter signatures to place the measure on the November ballot, potentially imposing an annual wealth tax on the state’s wealthiest residents.
International oil prices rose as US-Iran peace negotiations stalled following President Trump’s cancellation of a planned diplomatic mission to Pakistan, heightening uncertainty in global energy markets.
UK energy giant Shell has agreed to acquire Canadian energy company ARC Resources for $13.6 billion in cash and shares, gaining Montney shale basin assets that will add 370,000 barrels per day, with an enterprise value of $16.4 billion.
Canadian Prime Minister Mark Carney announces a new sovereign wealth fund that allows citizens to invest directly in funding major domestic infrastructure projects.
Iconic accessories retailer Claire’s has shut all 154 standalone stores across the UK and Ireland, putting approximately 1,300 jobs at risk.
Despite elevated fuel costs from Middle East tensions, European airlines are cutting ticket prices in the short term to stimulate demand, Wizz Air’s chief executive reveals.
India and New Zealand have officially signed a bilateral free trade agreement covering goods, services, investment, and intellectual property, marking a significant milestone in their economic relationship.
California billionaire tax advocates announce they have collected enough signatures to place the measure on the November ballot, which would impose an annual tax on unrealized gains of ultra-high-net-worth individuals.