Business

World faces largest-ever oil supply disruption on Middle East war, IEA says

Thursday, March 12 by SRN News

By Alex Lawler LONDON, March 12 (Reuters) - The war in the Middle East is creating the biggest oil supply disruption in history, the International Energy Agency said on Thursday, a day after it agreed to release a record volume from strategic stockpiles to... Read More.

U.S. must honour EU-US deal in tariff investigations, senior EU lawmaker says

Thursday, March 12 by SRN News

BRUSSELS, March 12 (Reuters) - The European Union should only accept new U.S. tariffs that recreate the substance of the deal agreed between the two sides in Scotland last year, the chair of the European Parliament's trade committee said on Thursday. Bernd Lange said Washington's... Read More.

Tesla set to start supplying UK homes with electricity

Thursday, March 12 by SRN News

LONDON, March 12 (Reuters) - Elon Musk's Tesla can soon start supplying British homes with electricity after it was granted a licence on Thursday, bringing a new competitor into the market at a time of heightened worries over rising bills. The country's energy regulator Ofgem... Read More.

China positions itself as force for global stability at its annual Congress

Thursday, March 12 by SRN News

BEIJING (AP) - While much of the world's attention is on the Iran war, that hasn't stopped China from moving ahead with national priorities with global repercussions. Not that China doesn't care about the war and its impact on energy supplies and geopolitics. But for... Read More.

As war spikes gas prices, drivers wonder how long it will last – and if they should go electric

Thursday, March 12 by SRN News

When Kevin Ketels bought an electric 2026 Chevrolet Blazer last year, he wasn't thinking about the cost of gas. He just thought EVs were better and "wanted to be part of the future." Now that the Iran war is spiking prices at the pump,... Read More.

Leonardo sees strong growth in 2026, proposes 0.63 euro/share dividend

Thursday, March 12 by SRN News

ROME, March 12 (Reuters) - Italian defence group Leonardo said on Thursday it was "positioned on a path of strong growth", with orders, revenues and core profits set to rise further this year. The state-controlled group said orders would be up to around 25... Read More.

Estee Lauder sues perfumer Jo Malone, Zara UK for contract breach, FT reports

Thursday, March 12 by SRN News

March 12 (Reuters) - U.S. cosmetics giant Estee Lauder has filed a lawsuit against British entrepreneur Jo Malone, her fragrance brand Jo Loves and Zara's UK business for using her name, the Financial Times reported on Thursday. Estee Lauder bought Malone's self-named perfume brand -... Read More.

Daimler Truck sees broadly stable 2026 margins, expects stronger second half

Thursday, March 12 by SRN News

March 12 (Reuters) - Daimler Truck on Thursday guided for a broadly stable 2026 profit margin in its industrial business and said it expected the second half of the year to be stronger than the first half. The company, one of the world's biggest truckmakers,... Read More.

London overtakes San Francisco, New York as top FinTech hub, hedge fund says

Thursday, March 12 by SRN News

March 12 - London has overtaken San Francisco and New York as the world's largest financial technology hub, as European FinTech funding achieved parity with the United States for the first time, according to data released by hedge fund Finch Capital. European FinTech funding grew... Read More.

Investment fund questions valuations in Blue Owl’s private credit portfolio, FT reports

Thursday, March 12 by SRN News

March 12 (Reuters) - Glendon Capital Management has said that private credit lenders such as Blue Owl are obscuring weaknesses in their portfolios and a sharp correction in debt markets is approaching soon, the Financial Times reported on Thursday. Investment firm Glendon said that... Read More.

Current Weather

World faces largest-ever oil supply disruption on Middle East war, IEA says

U.S. must honour EU-US deal in tariff investigations, senior EU lawmaker says

Tesla set to start supplying UK homes with electricity

China positions itself as force for global stability at its annual Congress

As war spikes gas prices, drivers wonder how long it will last – and if they should go electric

Leonardo sees strong growth in 2026, proposes 0.63 euro/share dividend

Estee Lauder sues perfumer Jo Malone, Zara UK for contract breach, FT reports

Daimler Truck sees broadly stable 2026 margins, expects stronger second half

London overtakes San Francisco, New York as top FinTech hub, hedge fund says

Investment fund questions valuations in Blue Owl’s private credit portfolio, FT reports

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