Top 20 Business International News
2025-06-23 11:05:00
Here's a summary of the top international business news today:
- From crude to LPG: How the Iran conflict could choke Asia's energy lifelines: Asian oil markets are on high alert as tensions escalate around Iran, potentially disrupting crucial crude and fuel exports from the Persian Gulf. China's reliance on Iranian oil and LPG faces uncertainty, prompting a search for alternative supplies. The Strait of Hormuz and Red Sea shipping routes are also threatened, impacting Russian exports to Asia and overall trade flows.
Source: economictimes.indiatimes.com - Advent to buy equipment maker Spectris for $5.9 billion in Britain's biggest takeover this year: Advent International is set to acquire Spectris, a British scientific instrument manufacturer, in a deal valued at £4.4 billion.
Source: economictimes.indiatimes.com - As gold prices surge, West Africa mine operators launch drones to detect wildcat miners: Fueled by record gold prices, West Africa's mining operations face increasing conflict between corporate concessions and artisanal miners, so companies are now seeking military protection and investing in drone surveillance to combat the escalating crisis.
Source: economictimes.indiatimes.com - UK lobbies South Korea to switch to Rolls-Royce for new fighter jets: British officials are trying to convince South Korea to choose Rolls-Royce over GE Aerospace for South Korea's fighter jet program.
Source: economictimes.indiatimes.com - US asks China to stop Iran from closing Strait of Hormuz: Iran's Press TV had earlier reported that parliament had approved a plan to close the Strait.
Source: www.bbc.com - US airlines at greater risk as global carriers bypass Middle East after attacks on Iran: Flight disruptions continue in the Middle East and airlines are rerouting flights to avoid conflict zones.
Source: economictimes.indiatimes.com - US strikes on Iran come at fragile moment for the global economy: US strikes on Iran's nuclear facilities have rattled the global economy, prompting fears of escalating conflict and surging oil prices.
Source: economictimes.indiatimes.com - How China made electric vehicles mainstream: The world's second largest economy is both the biggest producer and buyer of EVs.
Source: www.bbc.com - Texas Instruments pledges 'historic' $60bn US chip investment: The announcement comes as Trump pressures big technology firms to increase manufacturing in America.
Source: www.bbc.com - Trump signs order confirming parts of UK-US tariff deal: The pact between the US and UK means tariffs will be reduced on certain goods such as cars entering the US.
Source: www.bbc.com - Toyota to raise US auto prices: The automaker's decision follows U.S. President Donald Trump's imposition of a 25% tariff on imported vehicles and auto parts.
Source: economictimes.indiatimes.com - Jeep maker Stellantis weighs sale among options for Maserati: Stellantis is reportedly considering selling its luxury Maserati unit amidst struggles with falling sales and an adjusted operating loss.
Source: economictimes.indiatimes.com - A corporate deal that protected the Amazon from soy farming starts to show cracks: Brazilian soy farmers are expanding into the Amazon, exploiting a loophole in the Amazon Soy Moratorium that excludes secondary forests.
Source: economictimes.indiatimes.com - Shipping company Maersk temporarily pauses vessel calls at Israel's Haifa port: Maersk has temporarily suspended vessel calls at Israel's Haifa port due to escalating regional tensions.
Source: economictimes.indiatimes.com - EU bars Chinese firms from most medical device tenders: The European Union plans to restrict Chinese firms from bidding on EU medical device contracts.
Source: economictimes.indiatimes.com - Fearing China's small car rivals, Stellantis, Renault lobby EU for fewer rules: Stellantis and Renault are advocating for a new category of smaller, less regulated cars in Europe to compete with cheaper Chinese EVs.
Source: economictimes.indiatimes.com - All routes lead to Mideast and Iran-Israel war won’t shut down the 'Silicon Road': Asian companies are increasingly focusing on the Middle East as Saudi Arabia, Qatar, and the UAE are investing heavily in new industries.
Source: economictimes.indiatimes.com - China's rare earth magnet shipments halve in May due to export curbs: China's rare earth magnet exports plummeted in May, hitting a five-year low due to new export restrictions imposed in April.
Source: economictimes.indiatimes.com - Daily spending dips, but China's 618 shopping fest sets record with all-time high sales: China's big 618 shopping event wrapped up with record sales, but daily spending was a bit lower.
Source: economictimes.indiatimes.com - Swiss National Bank cuts interest rates to zero as inflation falls: The Swiss National Bank (SNB) reduced its interest rate to zero due to decreasing inflation and a strong Swiss franc.
Source: economictimes.indiatimes.com