business news
Trump says he is likely to reject Iran peace proposal as Tehran has ‘not yet paid a big enough price’
Motorists make their way past an anti-U.S. billboard referring to President Donald Trump and the Strait of Hormuz, installed on a building at the Valiasr Square in Tehran on May 2, 2026. A senior Iranian military officer said on May 2 that renewed fighting between the U.S. and Iran was “likely,” hours after President Donald […]
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OPEC+ announces 188,000 barrels-per-day output increase in first meeting without UAE
Jonathan Raa | Nurphoto | Getty Images OPEC+ has agreed an increase in oil output of 188,000 barrels per day, the cartel said on Sunday, as it pushes on with production in the first meeting since the loss of its key member, the United Arab Emirates. The group of seven major oil producers announced it […]
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Israel approves plan to buy F-35 and F-15IA fighter jets from Lockheed, Boeing
An F-35 fighter jet takes off from the US airbase in Ramstein as part of a large-scale exercise involving numerous fighter jets from several NATO countries. Boris Roessler | Picture Alliance | Getty Images Israel gave final approval for a plan to purchase two new combat squadrons of F-35 and F-15IA advanced fighter aircraft from […]
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U.K. government plans to allow airlines to consolidate flights as jet fuel costs soar
Stock picture of a British Airways plane taking off from London Heathrow Airport. Stefan Rousseau – Pa Images | Pa Images | Getty Images The U.K. government said on Sunday it plans to temporarily allow airlines to consolidate passengers onto fewer planes over the summer holiday season, a move aimed at preventing last-minute flight cancellations […]
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Recent inflation data was ‘bad news,’ Fed’s Goolsbee says
Austan Goolsbee, President and CEO, Federal Reserve Bank of Chicago speaks at The Capital Hilton during the 42nd annual National Association for Business Economics Economic Policy Conference on February 24, 2026 in Washington, DC. Luke Johnson | Getty Images Inflation data last week was “bad news” for the U.S. Federal Reserve and means the Fed […]
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Global week ahead: Is ‘Sell in May’ just a myth?
Futures-options traders work on the floor at the New York Stock Exchange’s NYSE American (AMEX) in New York City, U.S., April 17, 2026. Brendan McDermid | Reuters Conventional wisdom can be a stubborn force. As the trading month of May gets into full swing this week, should investors continue to follow the old adage of […]
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Trump says the U.S. will reduce number of troops in Germany ‘a lot further’ than withdrawal of 5,000
U.S. President Donald Trump departs the White House in Washington, D.C., U.S., May 1, 2026. Kevin Lamarque | Reuters President Donald Trump said Saturday the U.S. will significantly reduce its troop presence in Germany, escalating a dispute with Chancellor Friedrich Merz as he seeks to scale back America’s commitment to European security. The Pentagon on […]
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Golden Tempo wins the 152nd Kentucky Derby
Golden Tempo #19, ridden by jockey Jose Ortiz, crosses the finish line to win the 152nd running of the Kentucky Derby at Churchill Downs on May 02, 2026 in Louisville, Kentucky. Michael Reaves | Getty Images Sport | Getty Images Golden Tempo stormed to victory at the 152nd running of the Kentucky Derby at Churchill Downs on Saturday, […]
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Trump says he is reviewing a new Iranian proposal to end the war
U.S. President Donald Trump speaks with reporters at Palm Beach International Airport in West Palm Beach, Florida on May 2, 2026, before boarding Air Force One en route to Miami. Jim Watson | Afp | Getty Images U.S. President Donald Trump said on Saturday he had been told about the concept of a deal with […]
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