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Oil and gas prices won’t immediately return to normal even if the Iran war ends, the EU warns

NICOSIA, Cyprus (AP) - Skyrocketing oil and gas prices in Europe as a result of the ongoing Iran war won't return to normal levels any time soon, even if peace is declared tomorrow, the European Union's energy commissioner warned Tuesday. Commissioner Dan Jørgensen said although ...
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Gas prices top $4 a gallon as Iran war triggers global oil shock

(NEW YORK) -- Gas prices in the United States topped $4 per gallon on average Tuesday, crossing the milestone for the first time in nearly four years, just weeks after the U.S.-Israeli war on Iran set off a global oil shock and spiked fuel ...
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European power companies plot US expansion despite past struggles

By David French and Laila Kearney HOUSTON, March 31 (Reuters) - Several major European power companies are laying out big plans to expand in the United States, as the lure of explosive electricity demand from data centers outweighs a recent history of transatlantic growth setbacks. ...
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Activist investor Irenic swoops in on Snap with new stake, shares surge

By Svea Herbst-Bayliss March 31 (Reuters) - Activist investor Irenic Capital Management said on Tuesday that technology company Snap could be worth at least five times as much as today's valuation but needs to cut costs, optimize its portfolio and use artificial intelligence better. "Snap should ...
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Jury can’t reach verdict in corruption trial of 2 ex-FirstEnergy executives in $60M bribery scandal

COLUMBUS, Ohio (AP) - Jurors failed to reach a verdict on Tuesday in the corruption trial of two fired FirstEnergy Corp. executives charged with alleged roles in a $60 million scheme to bribe politicians for a $1 billion nuclear bailout and other favors. The ...
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Exclusive-Vingroup proposes scrapping LNG-powered plant plan for renewables amid Iran war, document shows 

By Francesco Guarascio HANOI, March 31 (Reuters) - Vingroup has told Vietnam's government it wants to ditch a plan to build the country's largest LNG-fired power plant and embark on a renewable energy project instead, as the Iran war has boosted the risk of the ...
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Oil steadies and Asian stocks are mostly lower on mixed signs on Iran

HONG KONG (AP) - Oil steadied and Asian stocks were mostly trading lower Tuesday as signs of a de-escalation of the Iran war remained mixed. Tokyo's Nikkei 225 was down 1.2% to 51,245.50. Losses after the Iran war began on Feb. 28 have been wiping ...
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Volvo Cars to swap over $300 million of Polestar debt to equity to consolidate US manufacturing

GOTHENBURG, March 31 (Reuters) - Volvo Cars said on Tuesday it had agreed to convert into shares about $274 million in credit with its sister brand Polestar, in a move aimed at focusing production of the Polestar 3 electric SUV at its U.S. plant ...
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Pandora opens distribution centre in Canada to reduce US tariff impact

COPENHAGEN, March 31 (Reuters) - Danish jewellery maker Pandora said on Tuesday it was opening a distribution centre in Ontario, Canada to reduce the company's exposure to U.S. tariffs. The warehouse in Mississauga will enable the brand to process Canadian online orders, which were previously ...
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GM idles Detroit EV plant, temporarily laying off 1,300 workers

By Nora Eckert and David Shepardson DETROIT, March 30 (Reuters) - General Motors is idling a Detroit electric vehicle plant until April 13, extending downtime that began on March 16, the company said on Monday. "Factory ZERO will temporarily adjust production to align EV production with ...
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IMAX says CEO taking medical leave

March 30 (Reuters) - IMAX said on Monday that CEO Richard Gelfond, who is being treated for pneumonia, was taking a temporary medical leave. The cinema operator's daily operations will be managed by senior executives in coordination with Chairman Darren Throop, ...
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Exclusive-Unilever imposes global hiring freeze, citing Middle East war effects, memo says

By Richa Naidu LONDON, March 30 (Reuters) - Dove soap maker Unilever has implemented a global hiring freeze "at all levels" that will last at least three months, citing the effects of the widening conflict in the Middle East, according to a memo seen by ...
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