Quirino Mealha
Business
TotalEnergies ramps up refinery output to secure French fuel supply
TotalEnergies has maximised its output at the Gonfreville refinery to protect the French market from external supply shocks. The facility is operating at its limit to produce essential fuels as energy markets remain disrupted.
Business
Intel shares soar 20% as AI demand fuels first quarter earnings beat
Intel posted first-quarter results that beat expectations, sparking a 20% rise in its share price in after-hours trading. The US government's stake in the company, acquired under the Trump administration, is up nearly 300%.
Economy
Germany halves GDP forecast from 1% to 0.5% due to Iran war fallout
The German government has officially halved its economic growth forecast for 2026, citing the severe impact of energy shocks stemming from the Iran war. This revision reflects a significant cooling for Europe's largest economy.
Economy
UK inflation hits 3.3% as Iran war drives energy costs higher
British consumer prices rose at a faster pace in March, reaching 3.3% as the ongoing Iran war sent fuel prices soaring. The data has forced markets to reassess expectations for the Bank of England, with a previously anticipated interest rate cut next week now looking very unlikely.