Finance
Hormuz Reopening Faces Lingering Shipping Risks
A proposed US-Iran deal to reopen the Strait of Hormuz offers hope, but naval mines, high insurance, and geopolitical tensions mean shipping...
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World Business
Canada Taps State Firm for Asia-Bound Oil Pipeline
Trans Mountain Corp., a government-owned entity, will build a new pipeline from Alberta's oil sands to a Vancouver port, aiming to serve...
Finance
Bakery Chain Coughlans Collapses Amid Rising Costs, Romesh Ranganathan ‘Gutted’
Coughlans Bakery, co-owned by Romesh Ranganathan, has entered liquidation due to national insurance hikes, business rates, fuel costs, and heatwave impact.
Stocks
Iran Holds Firm on Hormuz Tolls Despite US Billions Offer
The Trump administration's offer to unfreeze billions in Iranian funds, contingent on relinquishing Strait of Hormuz toll claims, has been met with...
Stocks
AI Doubts Pull Chip Stocks Down, S&P Unchanged
Stock indexes closed mixed on Thursday, with the Nasdaq 100 falling 1.61% as chipmakers retreated on renewed AI buildout doubts. The Dow...
Investing
Kraken Parent’s Reap Buy Signals B2B Stablecoin Card Ambitions
Payward's acquisition of Reap for up to $600 million highlights a strategic push into B2B stablecoin card infrastructure, aiming to capture the...
Stocks
Ecolab Finalizes $4.75B CoolIT Acquisition, Adjusts FY26 Earnings Outlook
Ecolab (ECL) has closed its $4.75 billion acquisition of CoolIT Systems earlier than expected, leading to an updated full-year 2026 adjusted earnings...
Finance
Car Finance Payouts Halted Until 2027 Amid Legal Challenges
Millions of drivers expecting car finance compensation face delays until at least 2027 due to legal challenges against the FCA's £9.1bn scheme.
Economy
US Jobless Claims Drop to 215K as Layoffs Remain Low
U.S. applications for jobless aid fell to 215,000 last week, indicating historically healthy layoff levels, even as broader hiring shows caution. The...
Markets
Thailand’s SET Index Eyes 1,600-Point Resistance
The Thai stock market's SET index is approaching the 1,600-point resistance level, closing Thursday at 1,593.56 after a two-day winning streak. Domestic...
Finance
PayPal Joins European Payments Council to Shape Industry Future
PayPal has secured a seat on the European Payments Council (EPC), aiming to influence the future of payments across the Single Euro...
Stocks
Pembina Joins Major Energy Corridor Project to Boost Canadian Oil Exports
Pembina Pipeline Corporation has signed a non-binding agreement to participate in a proposed nation-building energy corridor, aiming to construct a new 1-million-barrel-per-day...