Iran tightens control of Hormuz after US calls off renewed attacks
Apollo Global Management Inc. is nearing a deal to acquire the auto interiors business of Forvia SE, people familiar with the matter said.
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The IMF’s Middle East and Central Asia Director says a prolonged war and continued closure of the Strait of Hormuz could deepen economic disruptions well beyond oil and gas. Jihad Azour spoke to Joumanna Bercetche about how the shock is reverberating across the Gulf and broader global trade. (Source: Bloomberg)
J Sainsbury Plc said profit could slip this year as Britain’s second-largest grocer faces higher costs and consumer uncertainty caused by the conflict in the Middle East.
A decline in Russian steel consumption accelerated in the first quarter as the economy slowed, according to Severstal PJSC, one of the country’s top steelmakers.
The healthcare giant increased its earnings guidance for the year and revealed unexpectedly strong first-quarter results.