545 stories · Page 5 of 55
On 5–6 May 2026 a wave of Q1 releases from seven mid-to-large caps revealed revenue growth almost across the board yet starkly diverging bottom-line outcomes—from Hensoldt halving its loss and Transocean turning a profit to Apollo Global Management swinging to a $1.93 billion loss.
On 6 May 2026, Washington’s surprise suspension of its Strait-of-Hormuz naval escort eased war fears, knocking WTI crude below $100 and—amid the risk-on rally—catapulted Samsung’s market value past $1 trillion.
After UniCredit opened a six-week, €35 billion share-swap offer for Commerzbank on 5 May 2026, Berlin began studying whether state bank KfW could double its current 12 % holding to a 25 % blocking minority to stop the takeover.
On 3–4 May 2026, seven OPEC+ heavyweights agreed a token 188,000 bpd production-quota rise for June, pointedly moving on after the UAE’s 1 May exit even though the Strait of Hormuz blockade keeps real exports millions of barrels below target.
On 1 May 2026 Donald Trump announced that, effective next week, the U.S. duty on cars and trucks imported from the European Union will jump from the negotiated 15 % back up to 25 %, citing EU delay in ratifying last year’s Turnberry trade accord.
After 55 years in the cartel, the United Arab Emirates formally withdrew from OPEC/OPEC+ on 1 May 2026 to escape quota limits and fast-track a production surge, signalling a major geopolitical realignment during the ongoing U.S.–Iran war.
Early 2 May 2026, Spirit Airlines cancelled every flight and began liquidating after last-minute negotiations between the White House, bondholders and the bankrupt carrier collapsed.
Effective 1 May 2026 the United Arab Emirates ended its 58-year OPEC membership, so at its 4 May virtual meeting OPEC+ reassigned only 188,000 bpd of June quotas while physical exports remain choked by the Iran-linked Hormuz blockade.
On 1 May 2026 President Trump declared that U.S. duties on cars and trucks arriving from the European Union will jump from 15 % to 25 % next week, citing EU ‘non-compliance’ and overriding last July’s Turnberry Agreement.
Effective 1 May 2026, Beijing abolished import duties on all 8,949 tariff lines from every African country it recognizes, expanding a 2024 scheme for LDCs to cover all 53 partners.
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