United Kingdom Prime Minister Keir Starmer said the UK will not be involved in enforcing the United States military blockade of Iran. This comes as France and the UK plan to hold a summit to discuss a “coordinated, independent, multinational plan” to safeguard shipping in the Strait of Hormuz. French President Emmanuel Macron has not explicitly ruled out France’s involvement in the U.S. bloc
Goldman Sachs Group has reported a higher-than-expected 19% increase in net earnings for the first quarter of the 2026 financial year (Q1 FY26), but its stock price fell due to weakness in its fixed income, currencies and commodities (FICC) division. The global investment bank said net earnings rose to $5.63 billion (A$7.93 billion) in the three months to 31 March 2026 from $4.74 billion in the
Meta is poised to surpass Google in total digital ad revenue in 2026. According to forecaster Emarketer, this would be the first time the social media giant has led the market. Meta is projected to reach US$243.46 in net worldwide ad revenue this year, while Google is only expected to reach $239.54. This follows Google's lead in 2025 of $214.06 billion to Meta’s $196.17 billion. It also c
The world's largest asset manager BlackRock has upgraded United States equities to “overweight”, arguing resilient corporate earnings - particularly in technology - will limit the economic fallout from the Middle East war and support further gains in global markets. In a weekly note published by the BlackRock Investment Institute, strategists said the expected damage to global growth from the c
United States existing home sales fell by 3.6% in March amid low consumer confidence, limited inventory, and rising mortgage rates. Sales were down 1% year-over-year to 3.98 million during the month, according to the National Association of Realtors (NAR). “March home sales remained sluggish and below last year’s pace,” said NAR chief economist Lawrence Yun. “Lower consumer confidence and
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A-list actors, including Kristen Stewart, Ben Stiller and Lin-Manuel Miranda, have signed an open letter opposing Paramount’s proposed acquisition of Warner Bros. Discovery. The letter has over 1,000 signatures and said the merger would “further consolidate an already concentrated media landscape, reducing competition at a moment when our industries — and the audiences we serve — can least affo
Australian consumer sentiment has fallen drastically over the last month, according to the latest Westpac consumer sentiment index. The index looks at five categories: assessments of family finances compared to a year ago, expectations for family finances and the economy over the next year, expectations for the economy over the next five years, and whether now is a good time to buy a major hous
Delta Air Lines has unveiled its new Delta One suites for business class customers on long-haul flights as the company’s premium revenue surges. The updated Delta One suites will debut on the airline’s Airbus A350-1000 aircraft, which it will begin receiving in early 2027. Delta One cabins on Airbus A330-200/300 aircraft will also be upgraded to include privacy doors. “Every time a customer
China-based automaker Geely has launched a new intelligent hybrid vehicle platform, which it has said will boost energy efficiency and challenge juggernauts in the sector like Toyota. Its i-HEV system includes artificial intelligence-powered energy management, the company said, which will calibrate energy efficiency based on conditions such as temperature and altitude. “China’s manufacturing
My wife and I once took a twilight cruise out of Waikiki during whale season and things were going great until the captain told everyone there were whales to be seen off the port side. The captain warned everyone not to rush to see the whales to avoid the 100-year-old sailing ship from capsizing. The trouble was 95% of those on board were Japanese with no command of English. The cruise did not end
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