Economics

FedEx, UPS vow to return tariff refunds to customers

Parcel delivery giants FedEx (FDX.N), opens new tab and UPS (UPS.N), opens new tab said on Tuesday they would return any tariff refunds to customers as the U.S. government begins to return the illegally collected ‌levies.

28 Apr 2026-20:41
Croatia, Bosnia agree on major gas pipeline project

Croatia and Bosnia on Tuesday signed an agreement to construct a major gas pipeline supported by investors linked to US President Donald Trump, with the goal of reducing Sarajevo’s dependence on Russian gas.

28 Apr 2026-16:56
Asia to face jet fuel shortage first, IATA warns

28 Apr 2026-16:38
Jet2 flight makes emergency landing at Manchester airport

28 Apr 2026-16:31
UAE leaves OPEC and OPEC+

The United Arab Emirates said on Tuesday it quit OPEC and OPEC+, dealing a heavy blow to the oil exporting groups and their de facto leader, Saudi Arabia, at a time when the Iran ‌war has caused a historic energy shock and unsettled the global economy.

28 Apr 2026-16:29
GM shares surge after strong earnings, forecast hike

General Motors raised its 2026 outlook after significantly beating Wall Street’s first-quarter earnings expectations, supported by a roughly $500 million benefit linked to a U.S. Supreme Court decision ending and refunding certain levies paid under President Donald Trump’s tariffs.

28 Apr 2026-16:12
UPS shares fall despite Q1 earnings beat

United Parcel Service (UPS) reported first-quarter earnings on Tuesday that beat Wall Street expectations on both the top and bottom lines.

28 Apr 2026-16:05
Price gap: One average car price in US equals five new Chinese EVs

The Beijing Auto Show, which opened to the public this week, highlights how intense competition in China has pushed new car prices in the world’s largest auto market down to a fraction of those in the United States.

28 Apr 2026-15:10
Tesla Model Y clears US probe over steering concerns

28 Apr 2026-14:46
China's Chery pushes global growth with dual Toyota-Tesla focus

China’s largest car exporter, Chery, is drawing on two contrasting strategies as it expands further into Europe and other international markets.

28 Apr 2026-14:41

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