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22.04.26 - 12:24
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Tui cuts profit forecast as effects of Iran war cost travel group €40m (The Guardian)
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Firm had to repatriate almost 12,000 guests and staff, including from two cruise ships in Abu Dhabi and DohaThe Iran war has cost the travel company Tui €40m (£34.7m) so far, including repatriating almost 12,000 holidaymakers and staff, and forced it to cut its profit forecast for this year.Europe's biggest holiday operator said that it had taken the hit in March owing to the impact of the conflict in the Middle East, as it was forced to bring home 5,000 guests from two cruise ships anchored in ports in Abu Dhabi and Doha. Continue reading......
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17.04.26 - 13:37
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Trump Says Iran Deal Getting Closer; Netflix Drops On Outlook Miss | Bloomberg Brief 4/17/2026 (Bloomberg)
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US equity futures rise after the S&P 500 and Nasdaq 100 hit fresh record highs. President Trump says a peace deal with Iran could come "fairly soon." Shares of Netflix extend decline after the streaming company's forecast fell short of analysts' expectations and the announcement of co-founder Reed Hastings's resignation from the board. Veronica Clark of Citi anticipates a Fed rate cut in September. (Source: Bloomberg)...
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13.04.26 - 18:30
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Key Events This Week: PPI, Industrial Production, Q1 Earnings, Iran War (ZeroHedge)
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Key Events This Week: PPI, Industrial Production, Q1 Earnings, Iran War
When it comes to the week ahead, clearly the Iran conflict will be the main focus, but there are a few other things to look out on the calendar.
First, the Q1 earnings season will start to kick off, with this week's releases including several US financials. DB's equity strategists have a full preview, and they argue that the bottom up-analyst consensus for S&P 500 earnings growth accelerating into the mid-teens (16%) is justified by a favorable macro environment (full preview here). They expect growth to come in even stronger at 19%, with growth broadening across sectors, albeit clearly led by megacap growth and tech, along with the financials. In terms of this week's releases, we'll hear from Goldman Sachs today, BlackRock, JPMorgan and Citigroup on Tuesday, Bank of America and Morgan Stanley on Wednesday, and Netflix on Thursday.
Otherwise, we have a few more data releases this week that will give us a fuller picture...
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09.04.26 - 16:51
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Iran To Allow No More Than 15 Vessels Per Day Through Hormuz: Russian Media (ZeroHedge)
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Iran To Allow No More Than 15 Vessels Per Day Through Hormuz: Russian Media
Despite the positive development of a shaky US-Iran ceasefire holding, the reality is that Tehran still maintains de facto control over the vital Strait of Hormuz waterway. A mere few vessels passed without incident on Wednesday, before Iran's military closed the strait again, citing Israel's massive attacks on Lebanon.
The Associated Press has emphasized Thursday, "Iran's approval system for ships granted safe passage - after vetting by the Islamic Revolutionary Guards Corps - remains unchanged despite US President Donald Trump's demand for the strait to be reopened."
"Last week was the busiest week since the start of the war with 72 passages, still 90% below normal volumes, Lloyd's said," the AP report continues. "Most of the vessels allowed through are connected to Iran, although some Indian vessels have gotten through with diplomatic intervention by the Indian government."
There a...
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08.04.26 - 22:45
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Why China Might Have Pressed Iran To Compromise With The US (ZeroHedge)
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Why China Might Have Pressed Iran To Compromise With The US
Authored by Andrew Korybko,
The sequence that Trump threatened if no deal was reached before the expiry of his deadline would have cut China off from half of the oil that it imported by sea last year and likely set Afro-Eurasia aflame in resource wars for the indefinite future that would have derailed China's superpower rise.
Three unnamed Iranian officials reportedly told the New York Times (NYT) that China pressed their country to compromise with the US by agreeing to a two-week ceasefire and resuming talks.
When asked about whether China played such a role, Trump responded that, “I hear yes. Yes they were.”
This was followed by Chinese Foreign Ministry spokeswoman Mao Ning revealing that “China made its own efforts in this regard.”
Although she didn't directly confirm the report, she didn't outright deny it either.
Interestingly, Drop Site founder Ryan Grim noticed that the edit history of Pakistani Prime Minis...
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