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Asian LNG prices surge to highest since late March amid Hormuz supply disruption
ISTANBUL: Asian liquefied natural gas (LNG) prices climbed to their highest level since late March as renewed hostilities around the Strait of Hormuz disrupted supplies from the Persian Gulf and prompted buyers to seek replacement cargoes, Anadolu Ajansi reported.
Volkswagen CEO says up to 50,000 more jobs could be cut
BERLIN: Volkswagen chief executive officer Oliver Blume has told employees that the German automaker may need to eliminate as many as 50,000 additional jobs worldwide if it fails to reduce overhead costs that remain far above those of its competitors, Anadolu Ajansi reported, citing media reports.
Iran says it will remain 'guardian' of Strait of Hormuz after Trump's fee threat
ISTANBUL: Iran’s Foreign Minister Abbas Araghchi said Monday that Tehran will remain the “guardian” of the Strait of Hormuz after US President Donald Trump’s threat to impose fees on shipping in the strategic waterway, Anadolu Ajansi reported.