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ECONOMY
Australia's Prime Minister Confirms No Fuel Rationing After Geelong Refinery Fire

Australian PM outlines fuel production status after refinery fire; rationing measures ruled out despite ongoing supply challenges.

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ECONOMY
RFK Jr. Faces Hostile Hearing on Budget Cuts and Vaccine Policies

RFK Jr. defends his proposed budget cuts and handling of vaccine messaging during Congress testimony amid heated exchanges.

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ECONOMY
Europe at Risk of Jet Fuel Shortage, IEA Warns of Possible Cancellations

The International Energy Agency warns Europe may face jet fuel shortages in six weeks due to the ongoing Iran war, risking increased flight cancellations.

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ECONOMY
Allbirds' Transformation to AI Infrastructure Skyrockets Shares Over 600%

Allbirds' shares surge over 600% following its pivot from footwear to AI infrastructure with plans to maneuver into GPU services.

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ECONOMY
China's Economy Grows 5% in Q1 Despite Iran War Disruptions

China's economy grew 5% in Q1 2026, overcoming challenges from the Iran war, highlighting resilience in exports but concerns over domestic demand.

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ECONOMY
BBC to cut up to 2,000 jobs in major restructuring amid financial pressures

BBC to lay off up to 2,000 staff members, marking significant budget cuts amid challenging financial conditions.

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ECONOMY
Snap Cuts 1,000 Jobs as AI Drives Efficiency and Cost Reduction

Snap announces the layoff of 1,000 employees to leverage AI efficiencies and cut costs as it seeks profitability amidst intense market competition.

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ECONOMY
Sanctioned Tankers Transit Strategic Strait Amid US Blockade Measures

US Navy enforces a blockade in the Strait of Hormuz amidst escalating tensions, impacting global oil supply and shipping routes.

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ECONOMY
Kevin Warsh's Financial Disclosures Reveal Wealth Exceeding $100 Million Amid Fed Chair Nomination

Kevin Warsh's financial disclosures show assets exceeding $100 million, raising questions as he seeks to lead the Federal Reserve.

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ECONOMY
IMF warns of recession risk amid escalating Iran conflict affecting global economy

IMF cuts global growth forecast amid Iran conflict, warns of potential recession due to rising energy prices and market disruptions.

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