Iran Oil Crisis Threatens Supercars: Lamborghinis at Risk
Iranian drone strikes on Gulf refineries cause specialist oil shortages, risking Lamborghinis and Ferraris being confined to garages due to potential engine damage.
Category : Trade
Strait of Hormuz Crisis Sparks Global Food Crisis Warning
The Strait of Hormuz disruption is worsening the global food crisis, with the World Food Programme warning of catastrophic hunger for millions as supply chains break.
China's Automakers Showcase Future of Driving at Beijing Auto Show
China's top automakers unveil cutting-edge models and technology at the Beijing auto show, highlighting advances in intelligent driving, ultrafast charging, and electric vehicles.
Ford in talks with Geely to bring Chinese EV tech to US
Ford is reportedly in discussions with China's Geely to bring its electric vehicle technology to the US, with President Trump possibly open to the plan if cars are built by American workers.
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E.ON and OVO in Merger Talks to Become UK's Top Supplier
E.ON is reportedly in advanced merger talks with OVO Energy, which would create the UK's largest household energy supplier, surpassing British Gas and Octopus Energy.
Alternative Routes Bypassing Strait of Hormuz for Oil and Gas
The Strait of Hormuz, a critical oil chokepoint, is disrupted by war. Explore existing and potential alternative pipelines and routes for Middle East oil and gas exports.
BA Owner Warns of Ticket Price Hikes Amid Fuel Crisis
IAG warns of rising airfares due to soaring jet fuel prices after Strait of Hormuz closure. Jet2 reassures customers no surcharges on booked flights.
Ravens-Cowboys to Play in NFL's First Rio Game
The Baltimore Ravens and Dallas Cowboys will play in the NFL's inaugural game in Rio de Janeiro at Maracana Stadium on September 27, part of a record nine international games in 2026.
West Brom Docked Two Points for Financial Breach
West Bromwich Albion have been penalised with a two-point deduction by the EFL for exceeding permitted losses, leaving them just six points above the Championship relegation zone with two games left.
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Reform UK Steel Policy to Boost Manufacturing
Reform UK's new steel policy proposes tariffs and subsidies to revitalize domestic manufacturing, challenging Labour's approach.
Panama Canal Fees Surge Amid Hormuz Crisis
Businesses pay up to $4 million for Panama Canal passage as US-Iran tensions close Strait of Hormuz, rerouting global shipping and inflating costs.
Chinese Carmakers Flaunt New Tech at Beijing Auto Show
At the Beijing auto show, Chinese automakers display intelligent driving and fast-charging technologies, setting global pace in EVs and batteries amid fierce competition.
Panama Canal fees hit $4M amid Hormuz crisis
Businesses pay up to $4 million for Panama Canal passage as US-Iran tensions close the Strait of Hormuz, driving auction prices for slots to record highs.
US Depletes Weapon Stockpiles in Iran War, Costing Billions
The US has expended over $25 billion in munitions during the Iran conflict, depleting critical stockpiles of Patriot and Tomahawk missiles, impacting global readiness.
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Kane Could Lure Gordon to Bayern Munich
Bayern Munich are eyeing Newcastle winger Anthony Gordon, with Harry Kane potentially influencing the move. The 25-year-old is valued at £75 million, but Bayern baulk at the price.
Oil Prices Surge as Iran-US Standoff Over Strait of Hormuz
Oil prices remain above $105 per barrel as the Strait of Hormuz stays closed due to a naval standoff between Iran and the US, prompting warnings of the biggest energy security threat in history.
Firms Pay Up to $4M for Panama Canal Amid Hormuz Crisis
Businesses are spending up to $4 million for Panama Canal slots to bypass the Strait of Hormuz chokehold, causing a seismic shift in global trade flows and soaring costs.
Trump Threatens UK Tariffs Over Digital Tax on US Tech
President Trump threatens tariffs on the UK if it does not scrap its digital services tax on US tech firms, escalating trade tensions.
Trump Threatens UK with Big Tariff Over Digital Tax
President Trump warns the UK to drop its 2% digital services tax on US tech firms or face substantial tariffs, escalating trade tensions.
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Trump Admin Vows Crackdown on Chinese AI Exploitation
The Trump administration announces a crackdown on Chinese companies allegedly extracting capabilities from US AI models, as China narrows the AI gap.
Iran's Tollbooth Demands and Oil Price Impact
Iran's new demands in nuclear talks, dubbed the 'tollbooth strategy,' could significantly affect global oil prices if sanctions are lifted or tightened.
Fertiliser Shortage Hits Australian Farmers
A fertiliser supply crunch in Australia, exacerbated by Strait of Hormuz tensions, is driving up global bread prices as farmers face soaring costs.
Schiphol Airport Offers 10% Discount to Airlines Amid Iran War
Amsterdam's Schiphol airport is providing a temporary 10% discount on daytime charges to help airlines cope with soaring kerosene prices due to the US-Israeli conflict with Iran.
Senqu Bridge Boosts Lesotho Water Exports to South Africa
A new bridge in Lesotho will nearly double water exports to South Africa, powering Gauteng's economy and providing crucial royalties for the impoverished mountain kingdom.
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NK-Russia Road Bridge Nears Completion
The first road bridge connecting North Korea and Russia across the Tumen River is nearing completion, boosting bilateral ties in trade, tourism, and transport.
US Seizes Iranian Oil Tanker Amid Strait Tensions
US forces seize a tanker smuggling Iranian oil in the Indian Ocean, escalating tensions with Iran over the Strait of Hormuz. Iran had seized two vessels the day before.
Asos to Reclaim £7M in US Tariffs
Asos is seeking to reclaim £7 million in US tariffs paid in the first half, following a Supreme Court ruling that Trump overstepped his powers.
Asos Seeks to Reclaim £7 Million in US Tariffs
Asos is pursuing the recovery of £7 million in US tariffs paid in H1 2026, following a Supreme Court ruling that overturned Trump's tariff policy. The company also offsets Middle East conflict costs.
Brazil VP Alckmin: Mercosur-EU Deal a Relief in Turbulent World
Brazil's Vice President Geraldo Alckmin says the Mercosur-EU trade deal, provisionally in force May 1, offers solace amid global protectionism and unilateralism.
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Britons Face Holiday Flight Cancellations and Soaring Fares
EU energy commissioner warns Britons heading abroad are 'very likely' to face flight cancellations or extremely expensive tickets due to jet fuel shortages from the Iran war.
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