Business

Ex‑PM Zapatero Investigated Over 2021 Airline Bailout

Former Spanish Prime Minister Jose Luis Rodriguez Zapatero, an ally of current Socialist Premier Pedro Sanchez, is being investigated for alleged influence peddling and related crimes, the country's top criminal court said on Tuesday.

The missing economically stable men in America's marriage market

Rubberball/Mike Kemp/Getty Images/Brand X It's a bit weird to think of dating or marriage as a market — but this is a newsletter that tries to make sense of the world through economics. And, like any market, shifts in supply and demand can reshape romantic outcomes in pretty profound ways.

Kenya paralyzed by deadly protests and fuel strike

At least four people were killed and more than 30 injured during protests that erupted across Kenya on Monday, as a crippling public transport strike fueled anger over a sharp rise in fuel prices linked to the Iran war and disruptions through the Strait of Hormuz.

India Raises Fuel Prices Amid Economic Strain

India's state-run fuel retailers raised the prices of petrol and diesel on Friday — the first time since the war in Iran began — as they look to recoup some of the losses incurred over rising global crude prices.

Bolivia miners clash with police as protesters demand Paz resign

Bolivian miners clashed with the police during a march on Thursday to call for the resignation of President Rodrigo Paz, with some setting off dynamite. Blasting small charges of dynamite has become increasingly common in the second week of the nationwide unrest.

Cuba's Power Crisis Deepens Amid US Fuel Blockade

Power outages in Cuba worsened on Thursday as Energy Minister Vicente de la O Levy told state television that oil reserves had "run out" amid an ongoing US blockade of oil shipments. The minister said Cuba's power grid had entered a "critical" state. "We have absolutely no fuel [oil], and absolutely no diesel ...

Mario Draghi: Charlemagne Prize Winner and Europe’s Stabilizer

The former head of the European Central Bank Mario Draghi was presented with the prestigious Charlemagne Prize at a ceremony in Aachen, western Germany, on May 14. "You took charge of the euro during a time of crisis, and you stabilized the euro and the eurozone," Chancellor Friedrich Merz said during his speech honoring Draghi.

China's Clean Power Surge Meets Persistent Coal Reliance

China is undergoing a renewable energy revolution. In 2025 alone, it added nearly 450 gigawatts (GW) of clean energy capacity, which was more solar and twice as much wind as the rest of the world combined. Before 2010, China had only limited renewable energy.

IEA: Oil reserves drained fast as Iran war disrupts supplies

Skip next section Iran: Control of Hormuz could double oil revenues May 13, 2026 Iran: Control of Hormuz could double oil revenues Iran believes it can leverage its control of the Strait of Hormuz for significant economic and geopolitical gain as the crisis in the Middle East continues.