Business

In Dubai, the World’s Luxury Brands Face a Wartime Crisis

Executives for high-end brands worry that a prolonged war will hurt sales in a city important to the future of the luxury industry.Executives for high-end brands worry that a prolonged war will hurt sales in a city important to the future of the luxury industry. Fashion and Apparel, Luxury Goods and Services, US and Israeli Attack […]

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U.S. Encourages Flow of Iranian Oil While It Battles Iran

Treasury Secretary Scott Bessent said removing sanctions on Iranian oil would lower global prices.Treasury Secretary Scott Bessent said removing sanctions on Iranian oil would lower global prices. Treasury Department, Trump, Donald J, Bessent, Scott, US and Israeli Attack on Iran (2026), United States Politics and Government, Embargoes and Sanctions, United States International Relations, Prices (Fares, Fees

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Boston Scientific Knew of Pacemaker Battery Problems for Years

Boston Scientific announced multiple recalls but has said its battery issues were limited. One internal test in 2025 found batteries with an “extremely high failure rate.”Boston Scientific announced multiple recalls but has said its battery issues were limited. One internal test in 2025 found batteries with an “extremely high failure rate.” Boston Scientific Corporation, Medical Devices,

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Banking Regulators Prepare to Loosen Post-Crisis Capital Rules

The changes, long sought by bank lobbyists, will reduce the capital banks must hold in reserve to mitigate risks.The changes, long sought by bank lobbyists, will reduce the capital banks must hold in reserve to mitigate risks. Regulation and Deregulation of Industry, Banking and Financial Institutions, United States Politics and Government, Federal Reserve System, Bowman, Michelle Read

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Mortgage Rates Highest in Three Months as War Weighs on Housing Market

Rising energy costs and concerns about inflation have helped lift borrowing costs for a home mortgage for the third consecutive week.Rising energy costs and concerns about inflation have helped lift borrowing costs for a home mortgage for the third consecutive week. Real Estate and Housing (Residential), US and Israeli Attack on Iran (2026), Mortgages, Interest Rates,

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Uber to Buy Rivian Vehicles for Use as Driverless Taxis

The deal provides cash to Rivian and is part of Uber’s attempts to stay relevant in a driverless future.The deal provides cash to Rivian and is part of Uber’s attempts to stay relevant in a driverless future. Car Services and Livery Cabs, Driverless and Semiautonomous Vehicles, Taxicabs and Taxicab Drivers, Rivian Automotive LLC, Uber Technologies Inc Read

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Extended Mideast Conflict Would Slow Trade and Growth, W.T.O. Warns

The trade organization said that a slowdown in trade in 2026 could become even more extreme if the war in the Middle East persists.The trade organization said that a slowdown in trade in 2026 could become even more extreme if the war in the Middle East persists. International Trade and World Market, United States Politics and

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Central Banks Brace for Inflation as Energy Prices Surge

Traders expect Europe’s central bankers to raise rates several times this year to address a sharp increase in inflation because of higher energy prices.Traders expect Europe’s central bankers to raise rates several times this year to address a sharp increase in inflation because of higher energy prices. Banking and Financial Institutions, Prices (Fares, Fees and Rates),

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Attacks on Energy Infrastructure Could Lead to Much Higher Prices

Attacks on oil and natural gas facilities this week could make it much harder for Persian Gulf countries to rebuild and restart production when the war eventually end.Attacks on oil and natural gas facilities this week could make it much harder for Persian Gulf countries to rebuild and restart production when the war eventually end. Oil

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