Business
• Business • Views: 819
Eight oil giants made $93 billion in three months as the Iran conflict sent prices soaring and heatwaves killed thousands
Eight of the largest oil companies accumulated profits exceeding $90 billion (£67 billion) in only three months as the conflict in Iran drove energy prices up and the emissions-driven climate crisis resulted in deadly heatwaves.
• Business • Views: 626
Capital One tells court it cut off 385 Trump Organization accounts over money laundering concerns
Capital One bank has asked a federal judge to dismiss a lawsuit from the Trump Organization over the closure of hundreds of bank accounts back in 2021...
• Business • Views: 807
Soft2Bet’s Spanish brands racked up €15 million in unpaid fines for illegal gambling while preparing legal market entry
Spanish outlet Público has published the local chapter of the Soft2Bet Files investigation. Journalists claim that brands connected to the gambling group Soft2Bet received fines totaling €15 million from Spain’s gambling regulator DGOJ for operating without a license — and have still not paid them.
• Business • Views: 791
Trump cashed in over $1.4 billion from crypto ventures but quietly moved profits into safer stocks and bonds
President Donald Trump’s financial disclosures reveal that while he and his two eldest sons were urging investors to invest their money in crypto projects — which led to substantial losses for retail buyers — his financial managers were investing a considerable portion of the proceeds into safer investments.
• Business • Views: 744
UAE used Sinokor’s dark fleet to smuggle oil out of Strait of Hormuz during Iran war, bypassing risks like sanctioned nations
Just a few weeks into the war, one of the Persian Gulf’s top oil producers quietly began sneaking its crude out of the Strait of Hormuz.
• Business • Views: 836
Trump’s secret $50 million Schwab loan deepens mystery around his massive, murky debt empire
Donald Trump secured a massive loan from Charles Schwab Bank last year, leaving his debt profile murkier than it has been in ages.
• Business • Views: 880
Trump family’s crypto empire generated $1.4 billion in 2025 as president pushed pro-crypto policies
The annual report also includes $80 million in income from settlements tied to his lawsuits against companies like ABC, CBS, Meta and YouTube.
• Business • Views: 780
Oregon’s century-old water law lets wealthy estates and hobby farms waste Deschutes River water while drought kills real farms
Chris Casad awakens each day before dawn on the Central Oregon property he bought nine years ago, the farm where he once grew tons of potatoes before water shortages forced him to fallow fields and take a job feeding someone else’s cattle on someone else’s land.
• Business • Views: 852
Bill Gates says Epstein tried to blackmail him over extramarital affairs
Microsoft founder Bill Gates told members of Congress that he believes Jeffrey Epstein sought to leverage Gates’ extramarital affairs for influence.
• Business • Views: 838
War production pivot: Trump taps Ford and GM to bolster U.S. missile stockpiles
US President Donald Trump announced that American automakers Ford and General Motors, along with other companies, may soon begin producing weapons for the US Army.
• Business • Views: 659
Pentagon seeks $80 billion for Iran war as total defense spending push hits record $1.5 trillion
The Pentagon has told senators it needs roughly $80 billion, mostly to cover the cost of the U.S. war against Iran, adding to what is already a sizable military spending boost being sought by President Donald Trump.
• Business • Views: 805
Pyra collapse exposes recovery risks as Solana attracts another $3.5bn in USDC issuance
As a result of the Drift exploit, crypto payments platform Pyra has stopped accepting new users, canceled existing payment cards, and says withdrawals and private key exports will remain available through a web portal until September 15, 2026, according to Pyra’s shutdown announcement.
• Business • Views: 821
Trump donor and top methane polluter stands to gain as White House moves to roll back emissions rules
Before dawn on a January Friday, a Gulfstream G600 featuring the burnt-orange Texas Longhorns logo on its tail touched down at Dulles Airport near Washington, D.C. Its owner, a relatively unknown oil billionaire named Jeffery Hildebrand, had been called to the White House.
• Business • Views: 700
Fox strikes $22 billion deal to acquire Roku and expand streaming empire
Fox Corp. has agreed to buy the streaming pioneer Roku in a cash-and-stock deal valued at approximately $22 billion, including debt.
• Business • Views: 568
European stocks hit record high after U.S.-Iran agreement eases market fears
Europe’s STOXX 600 hit a record high on Monday, boosted by a relief rally across most sectors after the United States and Iran reached a preliminary agreement that would open the Strait of Hormuz and end the three-month-long war in the Middle East.
• Business • Views: 657
U.S. clears Paramount Skydance’s $110 billion deal for Warner Bros. Discovery
Federal antitrust enforcers on Friday cleared Paramount Skydance’s $110 billion deal to buy Warner Bros. Discovery.
• Business • Views: 680
SpaceX listing makes Elon Musk the first trillionaire and puts a price on unprecedented power
Elon Musk became the world’s first trillionaire Friday when SpaceX went public. But what does 1 trillion actually mean? Here’s how to think about its immensity and the power it represents.
• Business • Views: 762
Trump officials kill criminal pollution probe into senator’s coal empire
Earlier this year, officials from the Trump administration halted a federal criminal investigation into the coal empire owned by Sen. Jim Justice, a Republican from West Virginia and a close ally of the president.
• Business • Views: 793
Private firefighting empire at centre of political storm over plans to scrap airworthiness oversight
A little over a year ago, Sen. Tim Sheehy floated an audacious proposal to reshape the way the federal government fights wildfires.
• Business • Views: 773
Trump Jr. held secret stake in refinery startup backed by India’s Reliance Industries
Against the backdrop of growing trade friction between Washington and New Delhi, Anant Ambani and Donald Trump Jr. met in Jamnagar in late November.
• Business • Views: 784
Goldman Sachs stands to cash billions from SpaceX IPO while keeping celebrations deliberately muted
The SpaceX listing will generate millions for Goldman Sachs, but the image-conscious firm kept its celebrations quiet.
• Business • Views: 568
Ousted BP chair accused of bullying and explosive behaviour by former colleagues
The City was taken aback when BP abruptly dismissed chair Albert Manifold only eight months into his tenure. Yet among those who worked with him at CRH, questions had existed from the outset about his suitability for the position.
• Business • Views: 777
European Parliament committee votes to slash duties on U.S. goods to avert looming transatlantic trade war
A European Parliament committee voted overwhelmingly on Tuesday to eliminate EU import duties on numerous U.S. goods, as a measure to comply with the trade agreement made with Washington last year and to prevent the resurgence of a transatlantic tariff conflict.
• Business • Views: 567
London operator of Kremlin shadow fleet: How Azim Novruzov and jailed SOCAR chief Adnan Ahmedzade smuggled Russian oil
In a prominent criminal case involving SOCAR senior executive Adnan Ahmedzade, the controversial British oil trader Azim Novruzov has unexpectedly appeared.
• Business • Views: 759
Sudden inflation surge delivers a major early test for Kevin Warsh as markets react to rising economic pressure and fading optimism
The first inflation report under the new Federal Reserve chief, Kevin Warsh, indicates that consumer prices in April reached their highest level in nearly three years.
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