Business
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A daily update on the latest business and economic news. Live from Monday to Thursday at 9:15am and 6:45pm Paris time.
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Billion-dollar tariff refund process kicks off in US
US businesses can finally start applying for tariff refunds following the US Supreme Court's ruling earlier this year that President Donald Trump had...
European airlines could run out of jet fuel 'in six weeks'
European airlines could run out of jet fuel in six weeks' time. That's the stark warning from the head of the International Energy Agency, Fatih Birol...
US jury rules Live Nation is illegal monopoly
A federal jury in New York finds for the plaintiffs in an antitrust lawsuit against concert giant Live Nation, which owns Ticketmaster. We take a clos...
US urges IMF, World Bank to abandon climate finance goals
The climate-denialist Trump administration is pushing the World Bank and International Monetary Fund to stop focusing on clean energy development proj...
'War is development in reverse' UNDP chief tells France 24
Amid uncertainty over the war in Iran, the International Monetary Fund has downgraded its outlook for the global economy under three different scenari...
China's exports slow amid surging costs brought on by Iran war
China's exports grew only 2.5% in March from a year earlier, a significantly slowdown caused by the war in Iran. The closure of the Strait of Hormuz h...
War in Iran could accelerate global energy transition
The Iran war has exposed the vulnerabilities of countries reliant on Middle Eastern fossil fuels. Ramon Mendez, former Uruguayan energy secretary and...
Oil prices surge as Trump vows to block the Strait of Hormuz
US crude oil prices surged nearly 8%, reaching US$104 per barrel, as concerns grow over a potential US blockade of the Strait of Hormuz. In March, Ira...
High fuel prices spur interest in EVs
The war in Iran has sent fuel costs soaring, leaving consumers scrambling for savings. At the New York Auto Show, many drivers are warming to the idea...
Rising oil prices: Are we heading for a recession?
Crude oil prices rose again on Thursday as the ceasefire announced by US President Donald Trump and Iran shows signs of fragility. In this edition, we...
Energy crisis not over despite relief rally
Oil prices have plunged and stock markets soared after the announcement of a two-week ceasefire between the US and Iran. But regardless of whether the...
Oil prices fall after ceasefire deal as questions over Hormuz Strait linger
A two-week ceasefire agreement between the United States and Iran on Wednesday led to a steep drop in oil prices and a rebound in Asian and European e...
Qatar warns Iran war can now 'spiral out of control'
As Donald Trump threatened to wipe out an entire civilisation in Iran ahead of his latest deadline for Tehran to open up the Strait of Hormuz, Qatar's...
Israel attacks Iran's South Pars gas field again
Israeli airstrikes have hit two petrochemical plants in Iran's South Pars gas field complex. It is the second time Israel has targeted the key energy...
Could China's adoption of electric vehicles shield it from the energy crisis?
As crude prices hover around the $110 per barrel mark on Monday morning, consumers worldwide are feeling the impact of the war in Iran and the closure...
One year on, what remains of Trump's tariffs?
It has been a year since US President Donald Trump introduced sweeping new tariffs, reshaping the global trade landscape. After 12 months of upheaval...
Iran sets up 'tollbooth' in Strait of Hormuz for ships seeking safe passage
Oil prices rose and stocks fell on Wednesday following US President Donald Trump’s speech in which he warned he would hit Iran “extremely hard” over t...
US fuel prices surge past $4 a gallon
The average price of regular gasoline in the United States has topped $4 a gallon for the first time since 2022, as the war in Iran continues to disru...
Crude prices whipsaw on mixed signals from Iran war
Oil prices searched for direction on Tuesday amid conflicting events related to the Iran war. While US President Donald Trump's threats that the US wo...
Houthi attacks stoke fears of more shipping disruption
Global oil prices have continued to surge after Yemen's Houthi rebels entered the Middle East war, launching attacks on Israeli targets. The Iran-alli...
Oil rises, stocks fall as Iran war enters fifth week and further escalation looms
Oil surged over $115 a barrel this Monday as the war in Iran entered its fifth week. Houthi strikes on Israel have raised concerns that shipping throu...
Iran war is starting to disrupt global value chains
Concern that the Iran war could plunge the world into stagflation is rising as hostilities in the Middle East continue with no end in sight. The Europ...
SpaceX reportedly set to launch IPO valuing firm at $1.75 trillion
Elon Musk's profitable rocket and satellite internet company SpaceX is reportedly preparing to raise $75 billion on public equity markets as its subsi...
France confirms oil crisis, says 30-40 percent of Gulf energy infrastructure destroyed
France's Finance Minister Roland Lescure revealed on Wednesday that between 30 and 40 per cent of Gulf refining capacity has been damaged or destroyed...
Oil supply shock hardens energy transition resolve – for some
The energy crisis over the Iran war has left some countries glad they've added more renewables, while others are doubling down on fossil fuels. But fi...
Iran war pushes plastic packaging costs higher
Oil prices rose again on Tuesday, a day after a sharp decline, amid confusion over which way the Iran war is going. Brent crude settled well above $10...
EU, Australia seal free trade deal eight years in the making
The EU and Australia have signed a sweeping free trade agreement that will eliminate tariffs on nearly all trade between them as global economies seek...
Oil plunges, stocks surge on Trump's Iran reprieve
Global crude oil prices fell about 10 percent and Wall Street stocks rallied after Donald Trump said he was holding off military strikes on Iran's pow...
Gas prices soar as energy infrastructure is attacked in Gulf
Natural gas prices soared as attacks intensified on energy infrastructure in the Middle East. The Ras Laffan plant in Qatar has sustained "significant...
Central banks confront spectre of inflation as Iran war escalates
Strikes on the natural gas production facilities of Iran and Qatar have sent energy prices soaring, with central bankers around the world struggling t...
US seeks to curb soaring petrol prices
The Trump administration is taking steps to curb rising energy costs, as it continues to wage war in the Middle East. The US is easing sanctions on Ve...
BTS fever grips Seoul as boy band return after four-year hiatus
The long-awaited return to the stage of K-pop sensation BTS is set to boost South Korea's tourism and consumer economy. Our regional correspondents re...
Indian tankers carrying LPG arrive at port after safe passage through Strait of Hormuz
Two Indian-flagged tankers together carrying over 92,000 metric tonnes of liquefied petroleum gas have arrived at ports in Gujarat state after safely...
Gulf states seek to bypass Strait of Hormuz for oil exports via pipelines
Iran sends drones to attack the UAE port of Fujairah in the Gulf of Oman, raising the stakes as Gulf states send their blocked crude through pipelines...
Oil eases amid signs Iran is allowing some tankers to pass through Strait of Hormuz
Global oil prices fell sharply on Monday after a Pakistan-bound oil tanker passed through the Strait of Hormuz with its transponder on. The decline ca...
India faces dilemma as energy crisis bites amid US trade deal negotiations
New Delhi walks a policy tightrope, with public anger mounting over shortages of cooking gas as the US demands support for its war on Iran. Also in th...
Oil prices top $100 as market braces for long conflict
Brent crude has once again topped $100 a barrel as energy markets brace for the Iran conflict to drag on. US President Donald Trump says he is less co...
Oil markets swing on stockpile release and Hormuz Strait mine reports
Oil markets fell and picked up again on Wednesday, as the International Energy Agency reportedly considers its largest-ever release of emergency crude...
EU chief says turning away from nuclear energy was 'a strategic mistake'
As the Iran war continues to disrupt oil supplies from the Middle East, Paris has hosted a summit aimed at boosting the use of civilian nuclear energy...
Oil prices fall, stocks rise as Trump says military goals ‘pretty well complete’
Global benchmark prices for oil fell, and stocks rose, on the back of US President’s comments signalling the war in Iran could be nearing some form of...