Whirlpool warns of recession-level sales slump as prices rise
Whirlpool has cut its outlook after reporting a sharp fall in North American appliance sales and saying consumer demand has weakened amid the war in Iran and tariff-related cost pressure.The company said revenue dropped nearly 10% in the quarter, while sales of major appliances in North America fell more than 7%.It also said consumer confidence weakened in late February and March, leading many buyers to delay big-ticket purchases.Whirlpool has raised prices by 10% and plans a further 4% increase in July.The company said it had absorbed higher costs for some time, but that approach was no longer sustainable after posting... [Continue Reading]
360LiveNews | 07 May 2026 20:05 LONDON
India military explores green energy options as Iran war drives oil-price shock
India's army is exploring alternative energy sources for cooking, vehicles and installations as the Iran war continues to disrupt oil and gas supplies and push up prices.According to the supplied report, the army plans to use biogas stoves in place of natural gas-fired appliances for cooking.It is also looking at green fuels for vehicles and solar and wind power for military installations.The move comes as Brent crude traded at US$98.31 a barrel in Asian trading on Thursday evening, down from a brief four-year high of US$126.41 on 30 April.The report said oil had been trading at about US$70 before the... [Continue Reading]
360LiveNews | 07 May 2026 13:00 LONDON
