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US trade envoy to make tariff announcement as 10% duty soon expires
Relieved Russell says Mercedes have solved his power problems mystery
Relieved Russell says Mercedes have solved his power problems mystery

British driver George Russell on Thursday claimed that Mercedes have found the cause of his car's power management problems and dismissed all suggestions that the team favour Kimi Antonelli.

July 23, 2026

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Tough day for Ubisoft stock topped with weaker revenues
Tough day for Ubisoft stock topped with weaker revenues

French video games giant Ubisoft on Thursday reported weaker revenues in the first quarter of its financial year, following a tough day of trading that saw its stock plunge.

July 23, 2026

Oil soars above $100 as Middle East fears grow
Oil soars above $100 as Middle East fears grow

Oil prices surged past $100 a barrel on Thursday as Iran-backed Houthi rebels targeted Red Sea shipping and threats by US President Donald Trump to strike them in return sent equity markets slumping.

July 23, 2026

Swelling jet fuel costs hit American Airlines outlook
Swelling jet fuel costs hit American Airlines outlook

American Airlines lowered its annual profit outlook Thursday, hitting shares while the carrier pointed to swelling jet fuel costs as a negative counterweight to healthy travel demand.

July 23, 2026

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US vows to punish Iran after Houthis strike tankers
US vows to punish Iran after Houthis strike tankers

Iran and the United States vowed on Thursday to step up attacks, after Tehran's Houthi allies struck Saudi shipping and sent oil prices soaring.

July 23, 2026

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World Bank estimates Venezuela quakes caused $19.6 bn in damage
World Bank estimates Venezuela quakes caused $19.6 bn in damage

Twin earthquakes that devastated Venezuela last month caused at least $19.6 billion in direct physical damage, the World Bank said in an estimate Thursday, stressing the need for a rapid increase in public reconstruction funding to avoid lasting economic effects.

July 23, 2026