Finance and markets: business, quotes, gold, energy and releases.
Even if the Strait of Hormuz reopens tomorrow, the energy-driven inflation surge gripping the euro zone is here to stay. European Central Bank policymaker Joachim Nagel dismissed hopes of immediate relief, warning that restoring global oil supply chains to pre-war levels will take months, not days.
At the Eurosatory 2026 defense exhibition in Paris, Scania introduced a new modular protected cab designed to integrate ballistic and blast survival features directly into its standard vehicle production line. The solution aims to provide armed forces with armored transport without requiring the development of separate, specialized vehicle platforms.
As grid instability and electricity price volatility reshape European energy demands, lithium-ion battery supplier Ampace is arriving at Intersolar Europe 2026 to launch two flagship storage systems. The company aims to bridge supply gaps for both industrial facilities and private households through its new UniC AG440 and PR-S3 Elite units.
A 71% month-on-month collapse in Singapore’s private home sales has rattled the market, as developers moved just 447 units in May. The sharp cooling follows a frenzy of April mega-launches, leaving the sector to grapple with a sudden dearth of new residential stock hitting the city-state’s high-end property pipeline.
From July through October, Shanghai will transform into a sprawling hub of culture and commerce as the 2026 Shanghai Summer International Consumption Season kicks off. Centered on the theme "Join the Family Fun," the initiative spans everything from elite sporting tournaments to museum showcases, aiming to draw both locals and global travelers.
European Central Bank President Christine Lagarde welcomed the preliminary ceasefire agreement between the United States and Iran on Monday, citing the potential for the Strait of Hormuz to reopen. The deal, which triggered an immediate drop in oil prices, marks a significant shift in regional geopolitical tensions.
A liquefied natural gas tanker is currently navigating toward the Strait of Hormuz, marking a high-stakes stress test of a preliminary de-escalation deal between Washington and Tehran. The vessel’s movement follows President Trump’s announcement of an agreement to reopen the vital maritime chokepoint, a move confirmed by Iranian officials.
