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PepsiCo's profits surpassed expectations as the North American food sector shows progress.
Economy

PepsiCo’s profits surpassed expectations as the North American food sector shows progress.

by admin April 16, 2026
written by admin

In this report

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Lit logo for Pepsi on a soda dispenser in Walnut Creek, California, March 4, 2026.
Smith Collection | Gado | Archive Photos | Getty Images

PepsiCo on Thursday disclosed quarterly earnings and revenue exceeding analysts’ predictions as its challenged North American food sector reported a revival in volume growth.

The company’s shares declined slightly in premarket transactions.

Here’s how the company’s figures compared with Wall Street’s expectations, based on a survey conducted by LSEG:

  • Earnings per share: $1.61 adjusted vs. $1.55 forecasted
  • Revenue: $19.44 billion vs. $18.94 billion anticipated

Pepsi reported first-quarter net profit attributable to the organization of $2.33 billion, or $1.70 per share, up from $1.83 billion, or $1.33 per share, from a year prior.

Excluding certain items like restructuring and divestitures, the company earned $1.61 per share.

Net sales increased by 8.5% to $19.44 billion. Pepsi’s organic revenue, excluding acquisitions, divestitures, and currency variances, rose 2.6%.

For the first time in over two years, Pepsi’s North American food division registered an increase in volume. This segment, comprising its North American Frito-Lay and Quaker Oats divisions, faced resistance from consumers due to significant price hikes when inflation surged in 2022. In February, Pepsi reduced prices on Lay’s, Tostitos, Doritos, and Cheetos by as much as 15% to attempt to regain shoppers.

Pepsi’s North American food sector reported a 2% growth in volume for the quarter. This statistic excludes pricing and currency exchange impacts to reflect demand more precisely.

The company’s North American beverage division noted a 2.5% decline in volume.

For the whole year, Pepsi reaffirmed its earlier projection that organic revenue would rise between 2% and 4% and core constant currency earnings per share would grow within a 4% to 6% range.

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April 16, 2026 0 comments
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Is carbon removal in jeopardy?
Tech/AI

Is carbon removal in jeopardy?

by admin April 16, 2026
written by admin

Last week, various news platforms indicated that Microsoft was halting its carbon removal purchases. It was somewhat of a shock.

The reality is, Microsoft constitutes the carbon removal market. The enterprise has independently acquired roughly 80% of all agreed-upon carbon removal. If you seek someone to finance the extraction of carbon dioxide from the atmosphere, Microsoft is likely your target.

The organization has stated that it is not indefinitely ceasing its carbon removal purchases (though it has not directly addressed further inquiries regarding this apparent suspension). However, amidst this wave of news, apprehension is prevalent within the industry—hence, it’s essential to discuss the current landscape of carbon removal, and the role of major tech firms within it.

Carbon removal seeks to effectively extract carbon dioxide from the atmosphere and confine it permanently. There exists a variety of technologies in this domain, such as direct air capture (DAC) facilities, which often utilize some form of sorbent or solvent to remove carbon dioxide from the air. Another significant technique is bioenergy with carbon capture and storage (BECCS), where biomass like trees or biodegradable fuels are combusted for energy, and filtration equipment captures the emitted greenhouse gases.

There was a significant surge of interest in carbon removal technologies during the initial half of this decade. A 2022 UN climate report indicated that nations might need to eliminate up to 11 billion metric tons of carbon dioxide annually by 2050 to restrict temperature increases to 2 °C above preindustrial figures.

A persistent challenge is that the economics involved have always been complicated. There’s a substantial potential public advantage to extracting carbon pollutants from the atmosphere. The question remains, Who will fund it?

Until now, the response has been Microsoft. The company is indisputably the most substantial purchaser of carbon removal agreements, and it stands as the only buyer that has made megatonne-scale transactions, according to Robert Höglund, cofounder of CDR.fyi, a public-benefit corporation that assesses the carbon removal industry. “Microsoft has played a crucial role, particularly in initiating large-scale projects and demonstrating there’s a demand for extensive contracts,” Höglund stated via email.

Microsoft has committed to becoming carbon-negative by 2030 and to eliminate the equivalent of its historical emissions by 2050. However, progress in reducing emissions has proven challenging—in the company’s most recent Environmental Sustainability Report, released in June 2025, it revealed that emissions had increased by 23.4% since 2020.

On April 10, Heatmap News reported that Microsoft personnel had informed suppliers and collaborators about pausing future carbon removal purchases, although it was unclear if the company would enhance support for ongoing projects, or when purchasing might recommence. Bloomberg reported similar information the following day. In one case, Microsoft staff indicated that the decision was affiliated with financial factors, one source relayed to Bloomberg.

In response to written inquiries, Microsoft mentioned that it is not permanently terminating its carbon removal program. “At times we might modify the pace or quantity of our carbon removal procurement as we continually enhance our approach to sustainability objectives. Any modifications we implement are part of our disciplined methodology—not a shift in ambition,” Microsoft Chief Sustainability Officer Melanie Nakagawa articulated in the statement.

Regardless of what is happening internally, many in the industry express unease, states Wil Burns, Co-Director of the Institute for Responsible Carbon Removal at American University. There’s a perception of the company as the fundamental supporter of carbon removal, he notes.

“This pause—whether short-term or whatever it is—the manner in which it has been communicated is exceedingly irresponsible,” Burns asserts. The vast majority of businesses seeking carbon removal agreements are likely targeting Microsoft deals. So, while Microsoft possesses the right to adjust its plans, the company must be transparent with the industry at this moment, he adds.

“I don’t believe one can position themselves as the model for promoting carbon removal and then treat an emerging industry with such disregard,” Burns remarks.

Carbon removal firms were already facing turmoil in the US, particularly due to recent shifts in policy: Funding has been narrowed, and new alterations at the Environmental Protection Agency aimed at diminishing the government’s capacity to target carbon emissions.

Now, if the largest corporate supporter is altering its plans or instituting a significant pause, the situation could become unstable.

Depending on how extensive this pause is, the industry may have to rely on smaller purchases and await assistance from governments and philanthropy, Höglund suggests. However, for carbon removal to genuinely scale, it is essential for policymakers to establish mandates making emitters accountable for either storing the carbon dioxide they generate or funding its removal, Burns emphasizes.

“Perhaps the silver lining of this situation is that Microsoft has issued a wake-up call, illustrating that reliance on external benevolence is insufficient to achieve the scaling of carbon removal.”

This article is from The Spark, MIT Technology Review’s weekly climate newsletter. To receive it in your inbox every Wednesday, sign up here. 

April 16, 2026 0 comments
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The journey to assess our connection with the natural world
Tech/AI

The journey to assess our connection with the natural world

by admin April 16, 2026
written by admin

As a movement, environmentalism has often exhibited a somewhat misanthropic stance. This reaction is understandable—we humans have inflicted significant damage on the ecosystems that surround us. However, in the 21st century, mainstream conservation is starting to recognize that humans can also act as a positive influence. Foresters are adopting Indigenous burning techniques to mitigate wildfires. Biologists are discovering that meadows filled with flowers were historically landscapes for food production that require care or they will vanish. The once-threatened peregrine falcon is now thriving partly due to nesting opportunities on tall buildings and an abundance of urban prey: namely, rats.

For the past two decades (which is a considerable time), I’ve been discussing how humans are not fundamentally different from any other species inhabiting the Earth. Conservation efforts cannot solely focus on excluding people from protected regions. Often, the true challenge lies in becoming more adept at integrating with “nature” rather than withdrawing from it.

Nonetheless, I realize that the concept of living harmoniously with nature may appear sentimental. Hence, I was thrilled to be a part of a meeting in Oxford, UK, aimed at developing more accurate tools to evaluate human-nonhuman interactions. Scientists have created numerous metrics for measuring environmental degradation, from carbon dioxide concentrations to species extinction rates to “planetary thresholds.” While these are useful, they often engage people primarily through fear. We contemplated the possibility of creating metrics that would spark people’s hopes and aspirations instead.

The task proved more challenging than I anticipated. How does one quantify the degree to which individuals in various nations coexist well with other beings on Earth? Some of the indicators proposed by the group seemed to me too reminiscent of the older, more confrontational methods. Why track the amount of agricultural land utilized per person, for instance? Environmentalists have usually regarded farms as antithetical to nature, yet they can also be potential zones for both consumable and non-consumable biodiversity. Some participants favored using satellite imaging to assess factors like proximity to green areas. However, without local data, establishing whether people can genuinely access that space is impossible.

Ultimately, the approximately 20 scientists, writers, and philosophers convened in Oxford settled on three fundamental inquiries. First, is nature flourishing and accessible to people? We sought to determine whether humans could engage meaningfully with their surroundings. Second, is nature utilized with consideration? (Certainly, “consideration” could encompass various interpretations. Is it merely about keeping harvesting below maximum sustainable levels? Or does it necessitate a fully circular economy?) Lastly, is nature protected? Again, assessing this is not straightforward. But if we could loosely quantify each of these three elements, they could combine into a cumulative score for the quality of the human-nature relationship.

We published our concepts in Nature the previous year. While they weren’t flawless, green-space remote sensing and agricultural footprint assessments were included. Since then, a team at the United Nations Human Development Office has advanced this work, planning to unveil a Nature Relationship Index (NRI) later this year alongside the 2026 Human Development Report. Everybody appreciates a ranked list; we hope nations will strive for a favorable score and compete to achieve the highest rankings.

Pedro Conceição, the lead author of the Human Development Report, informs me that he aims for the new index to transform how countries perceive their environmental initiatives. (He wouldn’t share any spoilers regarding the final metrics, but he did mention that nothing from our Nature paper made it in.) The NRI, Conceição states, will be essential for “challenging the notion that humans are inherently destructive to nature and that nature is unspoiled.” Narratives focused on limitations, restraints, and boundaries are divisive rather than inspiring, he adds. Therefore, the NRI isn’t about highlighting our failures. It addresses aspirations for a lush, bountiful world. As we improve, the number increases—and there is no upper limit.

Emma Marris is the author of Wild Souls: Freedom and Flourishing in the Non-Human World.

April 16, 2026 0 comments
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Sources indicate that Spirit Airlines may enter liquidation as soon as this week.
Economy

Sources indicate that Spirit Airlines may enter liquidation as soon as this week.

by admin April 15, 2026
written by admin

Spirit Airlines planes taxi on the tarmac at Laguardia Airport in New York’s Queens borough, U.S., on Nov. 7, 2025.
Ryan Murphy | Reuters

Spirit Airlines might start liquidation as soon as this week, based on insights from sources close to the situation.

They requested anonymity to discuss information that has not yet been disclosed to the public.

The low-cost airline has been attempting to recover from its second bankruptcy within a year, but is now contending with a surge in the cost of fuel, which is the airlines’ second-largest expenditure after labor.

“We don’t comment on industry rumors or speculation,” stated Spirit.

The specific date when the airline might initiate liquidation has not been determined. Bloomberg previously reported on the imminent possibility of liquidation.

This update arrives just as the U.S. airline sector, which includes Florida-based Spirit, concludes its bustling spring break period.

Unionized pilots and flight attendants had made sacrifices recently to assist Spirit in remaining viable. The airline had intended to downsize and concentrate on peak travel seasons and desired routes to exit bankruptcy by spring.

Spirit had maintained a largely stable profit margin over the years, with impressive margins in the industry. However, the situation changed after the pandemic, as wages and other expenses escalated, customers’ preferences shifted, and an excess of domestic flights led to lower airfares, which hit hard U.S.-based airlines lacking the cushion of spacious first-class seating and substantial credit card and loyalty program incentives.

Its difficulties intensified following a Pratt & Whitney engine recall that grounded numerous Airbus aircraft starting in 2023, and its intended buyout by JetBlue Airways was thwarted two years ago by a federal judge’s ruling deeming it anticompetitive, forcing both airlines to navigate a landscape dominated by larger competitors.

Spirit projected a net profit of $252 million last year, according to a court filing in December 2024, yet it reported in an August update that it incurred nearly $257 million in losses during the months following March 13, after emerging from its first Chapter 11 bankruptcy, up until the end of June. It sought Chapter 11 bankruptcy protection once more less than a month later.

In recent efforts, the airline attempted to attract higher-paying customers by providing more spacious seating and bundled fares which encompassed seat selection and baggage allowances to better contend with larger competitors benefitting from high-spending customers after the pandemic.

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April 15, 2026 0 comments
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Florida surgeon accused of causing a man's death after removing the liver instead of the spleen
Tech/AI

Florida surgeon accused of causing a man’s death after removing the liver instead of the spleen

by admin April 15, 2026
written by admin

After repeated attempts, the team could not revive Byran and he was declared dead. Shaknovsky removed an organ he identified as Byran’s spleen and set it on a table. Colleagues said they stared in disbelief at what was plainly a liver; one person reported feeling nauseous.

Misidentified organs

The organ Shaknovsky removed weighed more than 2,100 grams and measured roughly 23 by 19 by 11 centimeters. The health department noted that a markedly enlarged spleen would weigh at most about 500 grams and reach only up to 20 centimeters. Livers and spleens are anatomically different, with distinct colors and textures. The liver lies on the right side of the abdomen, while the spleen is on the left — the side Byran had said was painful.

Shaknovsky insisted the organ be labeled a spleen and returned to the operating room three times that evening trying to persuade staff it was a spleen. A pathology report on the purported spleen described it as “a grossly identifiable 2,106 g liver.”

An autopsy found that Byran’s spleen was intact, his liver was missing, and his inferior vena cava had been severed. The inferior vena cava is the largest vein in the body, carrying deoxygenated blood from the lower body back to the heart through the liver.

While investigators examined the horrific circumstances of Byran’s death, they also noted this was not the first time Shaknovsky had removed the wrong organ. In 2023 he removed part of a patient’s pancreas when he had intended to remove the adrenal gland, later claiming the adrenal gland had “migrated.”

The lawsuit Bryan’s widow filed is still pending. She told NBC News that he would want his death to prevent someone else from being harmed and that she believes the criminal charges now being brought will achieve that; if they had to endure this and he had to die, then at least no one else will be hurt by this man.

April 15, 2026 0 comments
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YouTube now allows you to disable Shorts
Tech/AI

YouTube now allows you to disable Shorts

by admin April 15, 2026
written by admin

Every YouTube user now has the ability to set their Shorts viewing time limit to zero minutes.

Every YouTube user now has the ability to set their Shorts viewing time limit to zero minutes.

Apr 15, 2026, 10:18 PM UTC
youtube-shorts-feed-time-limit
youtube-shorts-feed-time-limit
Stevie Bonifield
Stevie Bonifield is a news writer covering all matters tech for consumers. Stevie began at Laptop Mag, focusing on reporting and reviews regarding hardware, gaming, and AI.

YouTube’s time management features now include the option to set a zero-minute limit for Shorts, effectively eliminating them from your app on both Android and iOS. This feature is an enhancement to the Shorts timer that YouTube announced earlier in October; the minimum prior limit was 15 minutes.

This capability was broadened in January to enable parents to regulate how long their children spend watching Shorts, with the zero-minute option labeled as “coming soon.” As stated by YouTube spokesperson Makenzie Spiller, the zero timer option is now “available for all parents and is currently being deployed to all users,” including those with standard adult accounts.

For anyone wishing to reduce scrolling time, this can be a useful feature, regardless of age. Once you reach the set limit, the Shorts tab will not display any videos, only a notice indicating that you have “reached your Shorts feed limit.” Our trials indicate that reaching the time cap also removes Shorts from the Home screen, so by setting the limit to zero, you can exclude Shorts completely if desired. To activate the timer, navigate to the settings within the YouTube app, select “time management,” toggle on the Shorts feed limit, and set a desired duration.

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Jury rules Live Nation/Ticketmaster operated as an illegal monopoly and overcharged fans
Tech/AI

Jury rules Live Nation/Ticketmaster operated as an illegal monopoly and overcharged fans

by admin April 15, 2026
written by admin

Last month the Trump administration chose to withdraw from the lawsuit that began under the Biden administration. The US blindsided states by revealing a settlement with Live Nation during the trial, leaving the states to assume the lead role.

“The Trump administration gave up the fight and tried to let these companies off the hook,” Arizona AG Kris Mayes said today. “We kept fighting for every Arizonan who has been overcharged by this illegal monopoly — and we won.”

As part of the settlement, the Trump administration agreed to stop seeking a breakup of Live Nation and Ticketmaster. The deal reportedly included changes to business practices and civil penalties of up to $280 million for states that chose to join. But only six states signed on, and they are said to receive a combined $18.6 million.

Former Trump official praises state attorneys general

Arkansas, Iowa, Mississippi, Nebraska, Oklahoma, and South Dakota joined the Trump administration’s settlement. The litigation against Live Nation was continued by the District of Columbia and 33 states: Massachusetts, Pennsylvania, Virginia, Connecticut, New York, Arizona, California, Colorado, Florida, Illinois, Indiana, Kansas, Louisiana, Maryland, Michigan, Minnesota, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Ohio, Oregon, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Washington, West Virginia, Wisconsin, and Wyoming.

Gail Slater, who served as an assistant attorney general and led the Justice Department’s antitrust division from March 2025 to February 2026, congratulated the states on the victory. Slater, a Trump nominee who appeared to favor tougher antitrust enforcement, resigned in less than a year. News reports say she was forced out after disagreements with senior Trump officials.

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Lyse Doucet: Amidst a delicate truce, Iranians contemplate the possibility of a US agreement being reached
Global

Lyse Doucet: Amidst a delicate truce, Iranians contemplate the possibility of a US agreement being reached

by admin April 15, 2026
written by admin

We identify those objectives as well, including a destroyed barracks of the Islamic Revolutionary Guard Corps, the IRGC, located on the fringe of Tabriz. A large flag hangs over the jagged columns that rise from the debris like concrete fangs. Additional military and police installations, along with factories, were also targeted in this area.

April 15, 2026 0 comments
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Ford's EV and software head Doug Field is departing from the company
Tech/AI

Ford’s EV and software head Doug Field is departing from the company

by admin April 15, 2026
written by admin

  • Transportation

The previous executive from Tesla and Apple joined the automaker five years prior to lead its EV and software initiatives.

The previous executive from Tesla and Apple joined the automaker five years prior to lead its EV and software initiatives.

Apr 15, 2026, 8:05 PM UTC
Vrg_illo_Doug_field_ford
Vrg_illo_Doug_field_ford
Andrew J. Hawkins
Andrew J. Hawkins serves as transportation editor with over a decade of expertise focusing on EVs, public transit, and aviation. His articles have been published in The New York Daily News and City & State.

Ford is making significant changes concerning its EV and software divisions. Doug Field, who departed Apple five years ago to lead Ford’s ambitious investment in electric vehicles and software, will resign next month. Alan Clarke, a former Tesla engineer currently overseeing Ford’s California-based skunkworks lab, will receive a promotion. Clarke’s new role will be vice president of advanced development projects, continuing his leadership on the development of Ford’s Universal Electric Vehicle (UEV) Platform.

This restructuring occurs less than five months after Ford declared a substantial $19.5 billion writedown on its EV endeavors and the cancellation of several electric models, including the F-150 Lightning pickup truck. The company has abandoned its plans to develop a next-generation electric truck, named T3, and an electric commercial van. Instead, Ford will shift its focus towards hybrids and its present range of gas-powered trucks and SUVs as it persists in advancing its UEV platform, which aims to support a complete family of affordable EVs, starting with a $30,000 midsize truck in 2027.

Ford has announced the formation of a new “end-to-end organization” designated as Product Creation and Integration, aimed at optimizing its existing vehicle platforms for “digital advancements.” This team, to be led by Ford’s COO, Kumar Galhotra, will be tasked with expanding the automaker’s vehicle and digital product offerings across the enterprise.

During a media session, Ford CEO Jim Farley commended Field for assembling a competent team that has enhanced Ford’s technological prowess. Field mentioned that he has not yet determined his next steps. When queried if it was poorly timed to depart prior to the UEV platform entering production, Field expressed satisfaction in “passing the baton” to the industrial and manufacturing teams at the company.

“This is actually a timely moment, as I joined Ford to collaborate with those knowledgeable about large-scale industrialization,” Field remarked. “The product has achieved a maturity level where I fully rely on the experts at Ford—those capable of advancing it to a factory like Kentucky, producing it in high volume, building it to the highest standards, and keeping it economically viable. This is precisely why this transitional phase is an appropriate time for me to pass on the responsibilities and the leadership.”

Farley detailed various forthcoming changes within Ford, including plans to refresh 80 percent of its North American vehicle range and 70 percent of its global range by 2029. These modifications will encompass new electric frameworks, improved interior experiences, heightened automation levels, and a new generation of integrated services and software products. He also stated that by the decade’s end, 90 percent of Ford’s vehicles will incorporate entirely new electric architectures, including zonal and partially zonal systems.

Field’s departure marks another hurdle in Ford’s long-standing mission to convert its vehicles from traditional gas-guzzlers to modern, digitally adept electric vehicles. Upon his hiring, Tesla was the only car manufacturer boasting a swift, seamless, and gratifying software experience. Traditional automakers like Ford could only observe with jealousy as Elon Musk’s enterprise released monthly over-the-air updates that impressed and satisfied the large customer base. Ford aspired for this experience, prompting the hiring of Field to spearhead the initiative. Besides managing Apple’s covert automotive project, Field held the position of chief engineer at Tesla, overseeing the design of the Model 3.

During Field’s tenure, Ford introduced a range of new features, including its well-received BlueCruise hands-free driver-assist system. Furthermore, The Ford Digital Experience, along with the new Android-based infotainment system, which facilitates rather than hinders smartphone mirroring, was launched. The company also initiated its skunkworks endeavor for designing its next-generation electric vehicles.

However, there were challenges along the way. Ford abandoned its expensive next-generation electrical framework, dubbed FNV4 (for fully networked vehicle). This platform incurred significant costs, contributing to a $5 billion loss on EVs and software in 2024, yet it was a crucial component in enhancing Ford’s software experience. At that time, Field stated it was more economical to modify Ford’s third-generation framework—FNV3, which is now rebranded as FNV3.X—across the full lineup than to construct a new platform with a narrower application.

This is not the first instance of Ford pursuing organizational adjustments to enhance its financial standing. In 2022, the company divided its entire operation into two distinct entities: one centered on electric vehicles, labeled Model e, and another named Ford Blue, which focuses on gas-powered trucks and SUVs.

Correction, April 15th: A prior version inaccurately described Alan Clarke’s promotion. He is not taking over Doug Field’s position as chief officer of EVs, digital, and design, but is assuming a new role as vice president for advanced development projects.

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April 15, 2026 0 comments
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Frank Gardner: What part does China play in the Iran conflict?
Global

Frank Gardner: What part does China play in the Iran conflict?

by admin April 15, 2026
written by admin

As the leading importer of Iranian oil, China faces a significant challenge with any disruption of exports in the Gulf – notably the US blockade of Iran’s ports, which commenced on Monday.

Beijing has criticized the US blockade, labeling it “irresponsible and hazardous”.

It has also allegedly aimed to act as a mediator in the conflict, guiding its ally Iran towards discussions with the US in Pakistan over the past weekend.

However, the blockade poses a significant political, economic, and potentially military threat that both the US and China will likely want to sidestep.

The BBC’s security correspondent Frank Gardner outlines why China’s involvement in the conflict cannot be overlooked.

April 15, 2026 0 comments
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