Iran’s role in funding and arming proxy groups in the Middle East has been well documented and has gotten extra attention since the Hamas-led attack in Israel in October 2023. Similarly, Tehran’s arms shipments to Russia are well known and have prompted complaints and sanctions from the West. But Tehran has received little coverage of […]
(Bloomberg) — Shares of Temu parent PDD Holdings Inc. are being held back by geopolitical risks and fierce competition in China’s e-commerce sector. Most Read from Bloomberg Granted, it US-listed stock has surged 43% surge from a March low, but it’s still trading at just 13 times expected earnings for the next year. That’s half […]
(Bloomberg) — Oil rose as tensions in the Middle East ratcheted higher following the death of an Egyptian soldier during a clash with Israeli troops. Most Read from Bloomberg West Texas Intermediate climbed about 1% from Friday’s close toward $79 a barrel, with no settlement on Monday due to a US holiday, while Brent traded […]
(Bloomberg) — Israel was downgraded by S&P Global Ratings, which cited heightened geopolitical risks as it lowered the sovereign credit rating to A+ from AA- on Thursday. Most Read from Bloomberg The nation was cut by one notch to the fifth-highest score, on par with Bermuda and China. The outlook remains negative. “The recent increase […]