Fossil fuel shocks have historically strengthened the case for alternative energy sources, and green hydrogen could again benefit from higher fossil fuel prices — at least temporarily. Before traffic was effectively throttled in the Strait of Hormuz, the case for green hydrogen was harder to make. Investors remained wary of ...
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Why Oura is running toward Washington oversightWhy Oura is running toward Washington oversight
The News The Oura ring has become a calling card for elite wellness-maxxers. Jack Dorsey wears one. So do Mark Zuckerberg, Jennifer Aniston, and Cristiano Ronaldo. But the company’s CEO sees its future in the less-glamorous world of medical devices. “We’re already in the health care business,” Tom Hale said ...
Gulf conferences at risk from Iran warGulf conferences at risk from Iran war
For nearly a decade, Gulf states have been building tentpole conferences to draw global money. The war in Iran is threatening those gatherings and the global power they project. Bloomberg is likely to delay the Qatar Economic Forum it runs with the country’s commerce ministry, slated for May, people familiar ...
Bill Ackman tries again with $60B Universal Music Group bidBill Ackman tries again with $60B Universal Music Group bid
Bill Ackman’s $60 billion bid for Universal Music Group, the record label behind Justin Bieber and Olivia Rodrigo, is classic Ackman: a second bite at a complicated apple. UMG shareholders can receive either cash or stock in the new entity, which would be reincorporated in the US and funded in ...
US plastics industry is rare winner of Iran warUS plastics industry is rare winner of Iran war
The US plastics industry has emerged as one of the few winners of the Iran war. Oil is the key raw material for plastics, and production has been scaled back in Asia, Europe, and the Middle East, sending prices soaring. US chemical companies have stepped up their own output and ...
Somalia’s first offshore drilling project underwaySomalia’s first offshore drilling project underway
Somalia prepared its first offshore drilling operation, which it hopes will unlock a major new income stream and make Somalia a regional energy player. A Turkish drilling ship is in the Arabian sea as part of an energy cooperation deal signed by Ankara and Mogadishu in 2024. Somalia joins other ...
Dubai’s property market starts to crackDubai’s property market starts to crack
The News Dubai’s yearslong property boom was always expected to deflate eventually. Iranian strikes on the city now appear to be puncturing the cycle, putting pressure on residential and commercial property prices — and on the people whose jobs depend on them. Last year, more than 270,000 properties worth 917 ...
Global stocks edge higher, bucking wartime trendGlobal stocks edge higher, bucking wartime trend
Oil prices rose to around $111 a barrel after the US and Iran rejected a ceasefire deal, but stocks also edged higher, breaking with the “oil up, stocks down” trend. Though there was a “noticeable uptick” in traffic through the Strait of Hormuz over the weekend, most ships remained blocked, ...
Allies remain reliant on the US, even is distrust is growingAllies remain reliant on the US, even is distrust is growing
Nations in Asia, Europe, and the Middle East remain reliant on a Washington they no longer trust. Many “wonder if they are even allies anymore,” The Wall Street Journal’s chief foreign affairs correspondent reported, as US President Donald Trump insults their leaders, withdraws from international institutions, and presses on with ...
Expert survey sees higher GDP growth, job losses from AIExpert survey sees higher GDP growth, job losses from AI
US economists predict substantial economic gains, but also significant job losses, as AI takes off. A survey found that experts — tech workers, economists, and professional forecasters — expect significant AI capability advances by 2030. Under the fastest scenarios, it could drive GDP growth up to levels not seen since ...