BP reports quarterly profit of $3.2 billion, more than doubling its earnings. The company cites increased trading activity linked to the war in Iran as a primary driver for the growth.

IMF chief Kristalina Georgieva warns of a 'much worse' global economic outlook if the Middle East conflict persists into 2027, citing risks of rising inflation and oil prices hitting 125 dollars per barrel.

IMF Managing Director Kristalina Georgieva warned that the global economy faces a 'much worse outcome' if the Middle East conflict continues into 2027, potentially driving oil prices to 125 dollars per barrel and fueling inflation.

Libya approves its first unified national budget in 13 years, ending over a decade of fiscal fragmentation. Prime Minister Abdul Hamid Dbeibah confirmed the move following a consensus agreement between the country's rival legislative bodies.

Libyan Prime Minister Abdul Hamid Dbeibah announced the approval of a unified national budget for 2026, marking the first such consensus in 13 years following a deal between the country's rival legislative bodies.

Blue Owl has sold about half of its stake in SpaceX, according to the firm's co-CEO. The sale was executed at a $1.25 trillion valuation for the aerospace company.

Blue Owl co-CEO stated that the firm has sold approximately half of its stake in SpaceX, a transaction based on a $1.25 trillion valuation for the aerospace company.

Union Pacific and Norfolk Southern propose a $71.5 billion merger. The companies project the combined entity would control 39% of the U.S. rail freight market.

Union Pacific and Norfolk Southern have announced a proposed $71.5 billion merger, which the companies estimate would result in a 39% share of the U.S. rail freight market.