Germany’s E.ON SE, already one of the world’s largest electricity suppliers, is taking over Ovo Energy’s residential electric service in the U.K. to become Britain’s largest electricity company, serving 28 percent of households.
Category: 12 May 2026
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SPOTLIGHT: CHINA’S ECONOMY STRENGTHENS
China’s exports shot up 14.1 percent in April in dollar terms, year on year, almost doubling the 8.5 percent growth that analysts in a Bloomberg poll had expected.
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SPOTLIGHT: THE IRAN WAR’S DEEPENING ECONOMIC SHOCK
Ongoing volatility in the price of oil could shave 1.75 percent off the value of world trade by the end of next year, the private Global Trade Alert (GTA) research organization reported.
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SPOTLIGHT: IRAN WAR SUPERCHARGES SHIFT TO CLEAN ENERGY
Simon Stiell, the United Nations official in charge of its program addressing climate change, calls it an “immense irony:” a world leader – Stiell did not name the person – who has dismantled clean energy programs at home and championed greater use of fossil fuels is “inadvertently supercharging the global renewables boom.”
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SPOTLIGHT: PRIVATE CREDIT ALERT
The $2-plus-trillion private credit industry is “untested” in a sharp economic downturn, the Financial Stability Board (FSB) pointed out in a report on the private credit market released last week.
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WHEN KILLING BECOMES COMMONPLACE
Last week, when the Pentagon resumed its attacks on small boats in the Caribbean and eastern Pacific Ocean, the media barely noticed.
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MARKET OVERVIEW
The NASDAQ and Standard & Poor’s 500 index both closed last week at new record levels after also setting new intraday highs, with share prices rising on strong earnings, especially by tech companies, that reassured investors that the businesses could manage their massive AI expenses.
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AI CHIPMAKER SAMSUNG IS NOW WORTH $1 TRILLION
The market value of South Korea’s Samsung Electronics reached $1 trillion on 6 May, thanks to demand for its AI-related memory chips.
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ISRAEL METHODICALLY DESTROYS ENTIRE TOWNS IN LEBANON
The Israeli military has methodically laid waste to towns in southern Lebanon in what Tel Aviv has said has been an effort to snuff out Hezbollah strongholds in the region, identified as part of a bigger plan for permanent occupation.
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HEGSETH SAYS U.S. PREPARED TO ESCALATE WAR WITH IRAN AFTER TEHRAN ISSUES ITS OWN THREAT
Pete Hegseth, the secretary of War, told a congressional hearing on Tuesday that the U.S. is prepared to escalate the Iran War as both sides are deadlocked and the Strait of Hormuz is still essentially closed for business.