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News illustration of oil prices surging after Trump rejects Iran peace plan, with market turmoil in India and US-Iran tensions.
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Oil prices surge as Trump rejects Iran peace plan

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Oil prices climbed sharply after Donald Trump rejected Iran's peace plan, sending ripples through global markets. The rupee hit a record low and equities slumped in India amid the developments. This follows last week's US-Iran exchange of fire that shattered a fragile ceasefire.

eBay's board of directors has firmly rejected a $56 billion takeover offer from GameStop CEO Ryan Cohen, describing the proposal as neither credible nor attractive.

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Mercedes-Benz has announced the sale of its dealerships in Berlin and Brandenburg to Global Auto Holdings. The deal covers seven locations and more than 1,100 employees.

Microvast Holdings, Inc. released a slide deck for its 2026 Q1 earnings call on May 11. The materials accompanied the company's quarterly update.

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Pick n Pay has announced plans for major changes to store staff working conditions and pay through a section 189A process. Meanwhile, its spun-off discount chain Boxer posted strong maiden results after listing on the JSE.

India's market regulator is proposing changes to speed up fundraising for alternative investment funds. A new green channel would allow certain schemes to launch immediately while waiting periods for regular schemes would be reduced.

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CleanSpark, Inc. conducted its second quarter 2026 financial results conference call on May 11. Executives presented details on the company's performance during the period. A press release with the results was also filed the same day.

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Lionel Messi invests 13.5 million dollars in a Barcelona building

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Nutresa overtakes Ecopetrol as Colombia's most valuable listed company

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Book excerpt explores Taylorism origins

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Chilean startup Forest raises 54 million dollars for ebikes in London

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Samsung and SK Hynix post record profits exceeding India Inc

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Retail investors temper equity mutual fund buys in April

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Nomura global bond fund lags benchmark in first quarter

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Skyroot aerospace nears orbital launch with vikram-1 rocket

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Egypt signs agreement to launch ‘CARRY ON’ franchise chain

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Ceva holds first quarter 2026 earnings conference call

 

 

 

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