Bank of England Chief Economist Huw Pill warns that energy price volatility driven by the Iran conflict could persist into 2027, potentially pushing UK inflation above 6%. This prolonged inflation may force the BoE to maintain tighter monetary policy longer, impacting risk assets like Bitcoin. Bitcoin miners, heavily dependent on electricity costs, face profitability risks as energy price swings increase operational uncertainty, potentially causing some to shut down. The situation could accelerate consolidation in the mining sector, favoring those with stable, cheap power sources.
Subsea7 has been awarded a sizeable contract by Brunei Shell Petroleum to handle the subsea installation for a Pipeline Replacement Project offshore Brunei. The contract involves engineering, procurement, construction, and installation (EPCI) of subs...
Enbridge Inc. reported Q1 earnings per share of $0.46, surpassing analyst expectations of $0.43, despite a slight decline from $0.47 a year ago. The company posted a significant revenue beat, generating $29.32 billion compared to the expected $8.67 b...
The global SaaS market, valued at $310-330 billion in 2025, is projected to nearly double to $600-650 billion by 2030, driven by cloud adoption, AI integration, and product-led growth strategies. SaaS companies are shifting marketing investments towa...
Exxon Mobil reported a strong Q2 2026 with profits surging to $14.5 billion, more than double the previous year, driven by higher oil prices and improved refining margins amid geopolitical tensions. However, adjusted earnings per share came in at $3....
AbbVie reported adjusted diluted EPS of $3.65 for Q2 2026, surpassing analyst expectations of $3.60, and achieved revenues of $16.99 billion, exceeding forecasts of $16.78 billion. Strong growth in its Immunology and Neuroscience segments drove this ...
