Ferrari unveiled the Ferrari Luce electric vehicle in the symbolic setting of the Vela di Calatrava, Città dello Sport in Rome in May, 2026. (Ferrari S.p.a.) Ferrari S.p.a. Shares of luxury carmaker Ferrari fell sharply on Tuesday morning, shortly after the company launched its first fully electric vehicle. The Maranello, Italy-based sports car manufacturer unveiled…
APA Corporation’s Beryl Alpha oil platform in the North Sea. Courtesy: APA Corporation Oil prices fell on Tuesday after U.S. President Donald Trump said he would postpone a planned military strike on Iran following requests from key Middle Eastern leaders, easing fears of an imminent escalation that could further disrupt global crude supplies. International benchmark Brent…
Dar es Salaam — LOVE is that famous four-letter word that has inspired countless songs and sonnets. But what is it about this powerful emotion that makes our hearts thump, minds race, and palms sweat? “Love is a powerful feeling, and it is often a little different depending on what a person is giving to…
A woman walks in front of the Gucci store on Fifth Avenue in Trump Tower on February 24, 2021 in New York City. John Smith | Corbis News | Getty Images Luxury stocks tanked early Wednesday after Gucci-owner Kering and Hermes reported first-quarter earnings that disappointed investors amid a conflict in the Middle East that…
An aerial view shows the Chevron EL Segundo refinery, one of the largest petroleum processing facilities in California, on April 8, 2026 as seen from above Manhattan Beach, California. Mario Tama | Getty Images Oil prices fell Tuesday, after Vice President JD Vance indicated that U.S. and Iran could meet for another round of talks…
Global oil prices recorded a sharp decline on Monday after Donald Trump stepped back from threats to bomb Iranian power plants. The development has sparked cautious optimism for the global economy threatened by the rising fuel prices. The sudden shift followed signals of diplomatic engagement between the United States and Iran, prompting markets to quickly…
The cost of electric vehicles (EVs) has long looked like a barrier to adoption in Africa. Most researchers didn’t expect battery power to become affordable enough to replace petrol or diesel on the continent before 2040. But falling battery costs, surging global EV production and abundant solar resources are changing that view. Our new research…
U.S. Treasury yields fell on Tuesday after the latest retail sales report missed expectations. The benchmark 10-year Treasury yield was more than 5 basis points lower at 4.145%, while the 30-year Treasury yield dropped more than 6 basis points to 4.787%. The 2-year Treasury note yield was down more than 3 basis points at 3.452%. One basis point is equivalent to…
German software giant SAP plunged as much as 14% Thursday after reporting weaker-than-expected growth in its cloud contract backlog in the fourth quarter. It’s the biggest daily fall since October 2020, when its stock dropped 22% following disappointing third-quarter results. The stock is also on track to close at its lowest price since mid-2024. SAP’s…
The logo of the German car manufacturer Volkswagen can be seen on a vehicle in front of a VW dealership. Picture Alliance | Picture Alliance | Getty Images Shares of some of Europe’s biggest carmakers fell sharply on Monday morning, following U.S. President Donald Trump’s pledge to impose tariffs on several European countries over Greenland….
