Shell reports sharp profit jump as Middle East conflict lifts oil and gas prices
Shell has reported a sharp rise in quarterly profit after the Middle East conflict pushed up oil and gas prices and disrupted global energy supplies. The company said adjusted profit for the July-to-September quarter reached $10.8bn, more than double the $5.432bn it made in the same period a year earlier. The results came as the company described the quarter as one marked by continued severe disruption to the global energy system.The figure beat analyst expectations of $10.33bn and was also higher than Shell's second-quarter profit of $9.836bn. The company said it would return $5bn to shareholders over the next three... [Continue Reading]
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Wall Street opens mixed as tech firms up, Dow slips, and energy leads early gains
Executive summary: US stocks opened mixed at 9:40 a.m. New York time, with the S&P 500 and Nasdaq slightly lower while small caps, tech, and energy showed relative strength. The early tone points to a market balancing AI-linked optimism, firmer crude and natural gas, and softer moves in parts of the industrial and precious-metals complex. [Continue Reading]
Thousands of Israelis abroad travel home to vote in tightly contested election
Thousands of Israelis living abroad are returning to the country ahead of Tuesday's election in a sign of how closely fought the contest has become. The vote is being described as highly polarised, with each ballot seen as potentially decisive in choosing the next prime minister. Special flights have been organised to help expatriate voters make the journey back in time.At least 65,000 voters are said to be willing to travel to Israel to cast their ballots, according to the supporting material. The election is taking place on 27 October and is being framed as a direct contest between Benjamin... [Continue Reading]
US tech stocks tumble as investors fret over AI spending
US technology shares fell sharply on Thursday as investors questioned whether the sector's heavy spending on artificial intelligence can be sustained. The sell-off hit the Nasdaq Composite particularly hard, with the index dropping 2.6 percent, while the broader S&P 500 fell 1.21 percent. The decline was led by some of the biggest names in the market, including Meta, Amazon, Nvidia, Tesla, Alphabet and Microsoft.Meta was the weakest of the group, falling nearly 7 percent after it raised its projected capital spending for the year to between $135bn and $145bn in its latest earnings report. That came even as the company's... [Continue Reading]
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The Ghosn Paradox The Imperial Savior, His Cinematic Escape, and the Desperate Call to Salvage a Crumbling Nissan
The Man Who Defied Corporate Gravity Few corporate sagas in modern history possess the cinematic drama, geopolitical friction, and sheer psychological tension as the rise and fall of Carlos Ghosn. Once lauded as the ultimate transnational executive, a multi-lingual titan capable of bridging disparate business cultures, Ghosn became the absolute center of a global firestorm. His story cuts through the pristine facade of global corporate governance to reveal a messy underbelly of nationalism, legal vulnerability, and strategic failure. Rebuilding an Empire from the Ashes of Bankruptcy The mythos of Carlos Ghosn began in 1999. Nissan, one of Japan's proudest manufacturing... [Continue Reading]
The Glass Elevator to Nowhere: A World Trapped in a Chocolate Factory
As a journalist in my mid-fifties, I thought my skin had thickened to the point of being impenetrable. I have covered the rise and fall of regimes, the grinding gears of the Cold War's leftovers, and the digital revolutions that promised to unite us. I thought I had seen every trick in the political playbook. Then came Donald Trump’s 2026 foreign policy, and I realized I was not watching a statesman; I was watching a child play with a chemistry set he does not understand. The Willy Wonka of the West: Rule by Whim Walking into a press briefing lately... [Continue Reading]
There Is Good in Every Bad
Power, Greed, Oil, and the Theater of Modern Geopolitics The Business Model of Power Donald Trump does not govern like a traditional politician. He governs like a negotiator who believes every geopolitical crisis is leverage, every war threat is a bargaining chip, and every market panic is an opportunity. When markets tremble, someone profits. The question is, who? Global markets react instantly to political tension. Gold rises when conflict looms. Oil spikes when instability threatens production. Stock markets collapse on fear, then rebound on reassurance. Volatility is not chaos, it is opportunity. Historically, gold has surged during major geopolitical crises,... [Continue Reading]