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Saturday, May 02, 2026

Spirit Airlines is set to announce in the coming hours that it will halt flying as of 3 am ET Saturday, according to two sources familiar with its plans, making it the first significant US airline to halt operations in nearly 25 years. The shutdown comes as soaring jet fuel prices derailed its plans to emerge from its second bankruptcy. Efforts to reach a deal with the Trump administration on an 11th-hour rescue package that was also acceptable to a key group of creditors proved unsuccessful Friday. read more


Friday, May 01, 2026

mported from the European Union to 25% in a sharp escalation of trade tensions with Brussels. The US president accused the EU of "not complying with our fully agreed to trade deal" in a post on Truth Social, but did not explain how. "I am pleased to announce that ... next week I will be increasing Tariffs charged to the European Union for Cars and Trucks," Trump said on Friday.


The world's largest aircraft carrier, the USS Gerald R Ford, will be heading home following a record-setting deployment of more than 300 days that included participating in the war against Iran and capture of Nicols Maduro, the Venezuelan leader, two US officials said on Wednesday. read more


Thursday, April 30, 2026

Oil prices have jumped to their highest since 2022 after a report that the US military is set to brief President Donald Trump on new plans for potential action in the Iran war. read more


Wednesday, April 29, 2026

The United Arab Emirates (UAE) is quitting the Opec and Opec+ groups of major oil producing nations next month after nearly 60 years of membership. read more


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