Volkswagen board approves cutting 50,000 more jobs and ending production at 4 plants
Volkswagen’s board has approved a major cost-cutting plan to counter low-cost competition in China and U.S. tariffs.
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Mideast oil producers step up plans to bypass the Strait of Hormuz
Before the war in Iran, roughly 15 million barrels of Persian Gulf oil were shipped each day through the Strait of Hormuz. Within a few years, much of that oil...
Iran warns oil tankers to use approved routes in Strait of Hormuz or face a ‘forceful response’
Iran’s joint military command has warned that all oil tankers moving through the Strait of Hormuz must use its approved routes or face a “forceful response.”
US military says it intercepted Iranian attacks on 3 Navy ships in Strait of Hormuz
The U.S. military said Thursday that it intercepted Iranian attacks on three Navy ships in the Strait of Hormuz.
US says it’s hunting for explosive mines in latest push to open the Strait of Hormuz
Sweeping for underwater explosives could take months despite a tenuous ceasefire between the United States and Iran in the weekslong war, experts say.
Iran starts to formalize its chokehold on the Strait of Hormuz with a ‘toll booth’ regime
Iran appears to be setting itself up as the gatekeeper for the Strait of Hormuz, the world's most important artery for oil shipments.
Top central banker thinks businesses may be quicker to raise prices due to Iran war
The head of the European Central Bank says that businesses may be quicker to raise prices in response to the oil shock from the Iran war due to bitter memories...
Poland is now among the world’s 20 largest economies. How it happened.
A generation ago, Poland rationed sugar and flour. Today, the economy of the country has edged past Switzerland to become the world’s 20th largest.
US eases some Russian oil sanctions but crude prices stay high
The U.S. is temporarily easing some sanctions on Russian oil shipments, reflecting global concerns over sharply higher crude prices due to supply shortages stemming from the Iran war.
Top central bankers express ‘full solidarity’ with Fed Chair Powell in clash with Trump
Central bankers from around the world said Tuesday they “stand in full solidarity” with U.S. Federal Reserve Chair Jerome Powell, after President Donald Trump dramatically escalated his confrontation with the...