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Iran War Costs UK Economy £25 Billion in Added Expenses, June 10
Iran war adds £25 billion in costs for UK and global firms as energy prices surge and supply chains face disruption.
Nikkei 225 Rebounds 2.16% on June 09 as Tech Stabilizes
Nikkei 225 gains 2.16% on June 09 after 3.85% drop. Tech stocks recover as oil prices ease and Iran-Israel tensions cool. Index at 65,410.64.
BP Shares Fall 12% to £5.46 as Oil Peace Deal Weighs, June 08
BP shares fall 12% to £5.46 on Iran peace deal expectations. JPMorgan holds 600p target; analyst consensus at 635p. CEO change supports oil focus.
NB Power’s Gas Plant Cost Revealed in Auditor Report, June 08
Auditor general reveals true cost of NB Power’s controversial gas plant. Details on utility spending and financial impact emerge.
ECB Raises Rates to 2.25% on June 12, Two More Hikes Expected by September
ECB raises rates to 2.25% in June. Inflation at 3.2% may trigger two more hikes by September, with first rate cut delayed to mid-2027.
NVDA Falls 6.2% to $205.10 as Supply Concerns Mount, June 07
NVIDIA stock fell 6.2% to $205.10 on June 07 amid energy supply concerns for AI expansion. Meyka rates it A with a $244 price target.
House Passes War Powers Resolution Against Trump’s Iran War, June 07
House passes war powers resolution 215-208 requiring Trump to seek congressional approval for Iran military action.
Nigeria’s Currency Crisis: How Naira Depreciation Masks Real Price Changes, June 07
Nigerian naira depreciated from ₦460 to ₦1,380 per dollar since May 2023. Adjusted commodity prices reveal different trends than nominal figures.
Transsahara-Pipeline: Algerien startet Bau für 30 Mrd. m³ Erdgas, Juni 07
Algerien startet Bau der Transsahara-Pipeline zur Lieferung von 30 Mrd. m³ Erdgas jährlich nach Europa als Alternative zu russischen Gasquellen.