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JD.com has introduced its Joybuy online marketplace to six European markets as it seeks international growth. The platform will offer categories from technology to grocery, feature dedicated brand stores, and promote rapid delivery and competitive pricing. The expansion builds on JD.com’s prior move to acquire German retailer Ceconomy and follows o…
Oil prices climbed sharply in Asian trading after weekend strikes on Kharg Island and a series of retaliatory actions that have left the Strait of Hormuz effectively blocked. Brent futures briefly rose 3% before settling lower, with market attention focused on supply disruption risks and naval-security steps being readied by the U.S. administration…
Lynas Rare Earths has entered a binding letter of intent with the U.S. Department of War to provide light and heavy rare earth oxides over four years. The U.S. government has allocated about $96 million for purchases under the arrangement, which also establishes a minimum price of $110 per kilogram for neodymium-praseodymium oxide. The letter of in…
Oil prices climbed further as the U.S.-Israeli military campaign against Iran entered a third week, threatening key export infrastructure and leaving the Strait of Hormuz closed. Brent and U.S. crude rose sharply, while authorities and agencies announced releases of strategic stocks and military options were discussed amid competing signals on the …
President Donald Trump told the Financial Times he could delay a planned summit with Chinese President Xi Jinping as he pushes Beijing to help reopen the Strait of Hormuz after Tehran effectively blocked the waterway amid recent hostilities. The comments followed high-level U.S.-China talks in Paris and come as Iran signaled it will keep the strait…
Syrah Resources and Tesla have mutually agreed to a fourth extension of the deadline for Syrah to remedy an alleged default under their 2021 graphite supply agreement. The deadline has been moved to June 1 while the two firms continue discussions to address Tesla's claim that Syrah failed to deliver conforming natural graphite active anode material…
The U.S. administration plans to reveal as soon as this week that several countries have agreed to form a naval escort coalition to protect commercial vessels transiting the Strait of Hormuz, according to U.S. officials. The move follows significant disruption to tanker traffic in the waterway during ongoing hostilities involving Iran and comes as …
Senior executives from three major U.S. oil companies met with White House and cabinet officials to warn that the energy disruption tied to the Iran conflict is likely to worsen, and that continued interruption of flows through the Strait of Hormuz will keep global energy markets volatile. The report of those meetings could not be immediately verif…
Lynas Rare Earths said its U.S. unit, Lynas USA LLC, has entered a binding letter of intent with the U.S. government to finalize a four-year rare earth oxide supply arrangement. The Pentagon will earmark roughly $96 million to procure light and heavy rare earth oxide products from Lynas, with a floor price of $110 per kilogram for NdPr oxide. The L…
Senior U.S. and Chinese economic envoys met in Paris in talks described by participants as stable and constructive. Discussions covered expanded agricultural purchases, proposed managed-trade mechanisms, and concerns over critical minerals access, with potential proposals to be reviewed by the two presidents during a forthcoming summit in Beijing.
Perpetual Limited has agreed to sell its wealth management business to Bain Capital in a transaction that carries an immediate cash payment of A$500 million (about $350 million). The arrangement features additional contingent upfront consideration linked to the advice arm's performance before close and an earn-out of up to A$50 million based on the…
Honda will take a 2.5 trillion yen ($15.7 billion) writedown tied to its electric vehicle operations, chiefly in the U.S., and report its first annual loss as a listed company in nearly 70 years. The company has cancelled three U.S.-planned battery models, faces up to 1.7 trillion yen of cash outflows to settle supplier contracts, and warned that i…
Russian equities finished the Moscow session largely unchanged on the MOEX Russia Index, with energy names among the top risers and a handful of banks, industrials and an airline posting modest declines. Trading breadth favored advancers, implied volatility reached a 52-week low, and commodity and currency moves included higher crude prices and a f…
Miles Hurrell has resigned as chief executive of New Zealand dairy cooperative Fonterra Co-operative Group after an eight-year tenure as CEO and a 25-year career with the company. He will continue in the role during a six-month notice period while the board conducts a search for his replacement, which it expects to complete in the coming months. Hu…
Israeli and Lebanese officials say talks intended to secure a lasting ceasefire and the disarmament of Hezbollah are expected to begin in the near future, but key details including timing and terms have not been finalized. Beirut is assembling a delegation, while Israel names Ron Dermer to lead its side and indicates France is involved. Lebanon see…
An Afghan man who worked alongside U.S. forces and later sought asylum in the United States has died less than 24 hours after being taken into Immigration and Customs Enforcement custody in Texas, an advocacy group led by U.S. veterans said. The group called for an immediate investigation while federal agencies have yet to provide a substantive res…
Iran’s ambassador to Saudi Arabia says the ongoing U.S.-Israeli attacks on Iran require a thorough reassessment of relations among Arab Gulf states, arguing the region must limit outside influence and strengthen intra-regional ties. The ambassador denied Iran’s involvement in recent attacks on Saudi oil facilities and said Tehran is focused on str…
Prime Minister Benjamin Netanyahu posted a short video from a café on the outskirts of Jerusalem after Iranian state media and online posts in Iran circulated rumours that he had been killed or wounded. In the clip, Netanyahu answers his aide with a pun using a Hebrew slang expression for being 'crazy about' something while reaching for a cup of co…
Goldman Sachs analysts say a spike in oil tied to the Iran conflict and interruptions in tanker traffic through the Strait of Hormuz could subtract about 0.3% from global growth over the next year and raise headline inflation by roughly 0.5-0.6 percentage points, with a smaller impact on core inflation of 0.1-0.2 percentage points. The bank views t…
Reports that networks have recruited Africans, including hundreds of Kenyans, into Russian forces have generated pressure on African governments to act. Ministers from Kenya and Ghana have raised concerns and are pursuing diplomatic engagement with Moscow, while many African states are adopting cautious approaches to avoid a direct confrontation. I…
Sunday’s Academy Awards arrive with an unusually fluid best-picture contest and heightened security measures after a federal warning of a possible Iranian threat to California. The ceremony, hosted again by Conan O’Brien, will showcase heavy nominees such as Sinners and One Battle After Another while unfolding amid industry consolidation, productio…
President Volodymyr Zelenskiy said Ukraine has sent three expert teams to the Middle East to advise nations facing attacks from Iranian kamikaze drones, and that Kyiv expects financial support and technology transfers in exchange for that assistance. He warned the conflict in the Middle East could strain supplies of air-defence missiles needed by U…
Israel's foreign minister has dismissed reports that the country is running critically low on ballistic missile interceptors. The denial follows media accounts citing an unnamed U.S. official and comes amid repeated missile and drone strikes from Iran and launches by Hezbollah from Lebanon. Israeli officials also addressed reports of prospective di…
Heavy rain struck displaced Lebanese families sheltering in Sidon and Beirut on Sunday, forcing some to rig plastic sheets over trucks and trees after collective shelters reached capacity. More than 800,000 people have fled their homes since fighting resumed on March 2; only a fraction are in organized shelters as humanitarian needs grow and casual…
Iranian authorities, citing state and semi-official media, say they have detained dozens of people in several provinces on accusations of relaying sensitive location data on military and economic targets to Israel. The arrests come as Israeli and U.S. fighter jets continue strikes inside Iran and as Tehran accuses foreign powers of stirring unrest …
