Uniper fills 70% of contracted gas storage despite market headwinds
Uniper has filled 70% of its contracted gas storage despite challenging market conditions, CEO Michael Lewis confirmed Monday.
Economy
Iranian rial plunges past 2 million per dollar, tracking sites show
Iran's rial fell to a record low of over 2,000,000 per US dollar on Monday, according to free-market tracking websites.
Six EU States Seek September Talks on Windfall Tax for Oil Firms
Six EU finance ministers ask Ireland to add oil windfall profit taxation to the September agenda, citing surging prices and public discontent.
Iran's rial plunges to record low as US readies 'economic D-Day' sanctions
Iran's rial fell to a record 2.02 million per dollar on Monday as Washington prepares new sanctions, deepening economic strain from war and blockade.
Swiss Industry Warns US Tariff Gap With EU Threatens Export Competitiveness
Swiss manufacturers face a 2.5-point tariff disadvantage vs EU rivals in the US, with many absorbing costs and warning of severe risks if the gap widens.
Ukraine's Weekly Grain Exports Slip 11.4% as Black Sea Risks Persist
Ukraine's weekly grain exports fell 11.4% to 188,200 tons as Black Sea port disruptions continue to curb shipments.
UK economy shows surprising strength ahead of first budget
UK services PMI hits six-month high, consumer confidence at two-year high, retail trend strong, but inflation and deficit remain risks.
Thailand urged to create central authority for data centre boom
Thailand's planning agency recommends a central authority to oversee data centres, boost local participation, and enforce environmental standards.
Middle East markets brace for US Iran sanctions, Hormuz shipping data
Global markets await US Iran sanctions details; Gulf stocks gain on oil; Hormuz transits fall; regional developments in Gaza, Syria, Iraq, and more.
Norway to Push Arctic Drilling Despite EU Moratorium Push
Norway will continue Arctic oil and gas exploration regardless of EU policy, citing energy security and its role as Europe's top gas supplier.
US Warns Canada Trade War Could Be 'Devastating' as Tariffs Escalate
US warns Canada of 'devastating' economic consequences as a new round of tariffs and retaliatory measures escalates the trade conflict.
Global Markets on Edge as US Prepares New Iran Sanctions
Oil falls 1.5% as markets await US sanctions on Iran. Treasury yields near peaks, Canada trade war looms, and Nvidia results eyed.
Scottish State Bank Posts £138mn Loss; UK Eyes Ukraine Missile Deal
Scotland's state bank logs fifth straight annual loss; UK PM to back Ukraine missile production; Treasury reviews pub rates.
US Unveils 'Economic D-Day' Sanctions as Iran Vows to Halt Gulf Oil Exports
The US is set to announce sweeping new sanctions against Iran, which has threatened to block all Gulf oil exports in retaliation.
UK productivity shows sustained recovery, economists say
UK productivity is showing sustained improvement, with output per hour rising 1.1% annually, easing pressure from an ageing population and defence spending.
China's Property Slump Deepens After Evergrande Founder's Life Sentence
China's property crisis continues to drag on the economy, with prices still far from equilibrium and exports increasingly relied upon for growth.
Carney's Stand Against Trump Tariffs Tests Canada's Economic Sovereignty
Canada retaliates against new US tariffs, testing Carney's warning that middle powers must resist economic coercion.
Singapore PM Vows to Probe Tariff Evasion, Cites Trade Realities
Singapore will investigate tariff evasion and forced-labour imports, PM Lawrence Wong says, while noting limits on tracing all transshipped goods.
Iran announces major gas discovery in southern Fars Province
Iran discovers 7.5 trillion cubic feet of sweet gas in Fars Province, boosting output amid infrastructure repairs and looming US sanctions.
Vietnam tightens customs powers to curb counterfeit goods
Vietnam's parliament approved customs law changes to strengthen IP enforcement, covering transit goods and e-commerce, effective March 2027.