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Global Enterprise

Asia’s largest oil buyers are running low on Hormuz alternatives

Refiners say they are covered for the coming month – but prices are far from discounts seen in the years

FILE PHOTO: A worker loads Liquefied Petroleum Gas (LPG) cylinders onto his cycle-rickshaw in Kolkata January 17, 2013.  REUTERS/Rupak De Chowdhuri/File Photo/File Photo
International

Iran war fuel hike adds US$100 to long-haul flight cost: study

European airlines are preparing for a challenging spring and summer

epa12895807 An aircraft departs from the Berlin Brandenburg Airport in Schoenefeld, Germany, 17 April 2026. Global airlines face surging jet fuel costs amid escalating tensions in the Middle East. The volatile situation is tightening supply and pushing kerosene prices to record levels.  EPA/FILIP SINGER
Global Enterprise

The gloves are coming off in Europe’s biggest banking takeover

After high-level deal talks between UniCredit and Commerzbank broke down, the Italian lender is taking its pitch directly to shareholders

The headquarters of Commerzbank AG, center, in Frankfurt, Germany, Photographer: Alex Kraus/Bloomberg
International

Chinese manufacturing growth overtaken by finance amid IPO boom

CHINESE manufacturing grew slower than finance for the first time in years, turbocharged by capital raised through share sales during a quarter...

epa12902093 People cross the street beneath a large screen showing the latest stock exchange and economic data in Shanghai, China, 20 April 2026. Asia-Pacific markets generally saw gains on Monday as investors stayed cautious amid renewed tensions between Iran and the U.S. President Trump reported that a U.S. Navy destroyer had disabled an Iranian-flagged cargo ship in the Gulf of Oman before Marines boarded it.  EPA/ALEX PLAVEVSKI
International

Seized Iranian ship Touska likely carrying equipment deemed dual-use by US, sources say

The US has listed goods that could have a military as well as an industrial use and could be captured

A view of Iranian-flagged cargo ship M/V Touska as the U.S. Navy Arleigh Burke-class Aegis guided missile destroyer USS Spruance conducts its interception in a location given as the north Arabian Sea, in this screen capture from a video released April 19, 2026. CENTCOM/Handout via REUTERS    THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. THIS IMAGE WAS PROCESSED BY REUTERS TO ENHANCE QUALITY, AN UNPROCESSED VERSION HAS BEEN PROVIDED SEPARATELY.

VERIFICATION 
-Identity of the ship confirmed as Touska by shape which matched file imagery of the vessel.
-Exact date not verified but no older version found posted online before April 19.
-Vessel tracking data showed the most recent location of Touska near the Gulf of Oman on April 19.

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