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Ferrari Skids As Wartime Disruptions Hit Deliveries
Ferrari Skids As Wartime Disruptions Hit Deliveries
Ferrari shares fell as much as 3% in Milan after first-quarter results showed stronger-than-expected profit and cash flow, but the beat was overshadowed by a plunge in deliveries in the Middle East, as the U.S.-Iran conflict disrupted shipments to one of the luxury automaker's key markets.
Ferrari's first-quarter results were broadly ahead of expectations on profit, revenue, and cash flow, but deliveries across EMEA, which includes Europe, the Middle East, and Africa, were the clear outlier.
Regional shipments fell to 1,458 units, down 14% year...
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Aug 13, 2026 / Tyler Durden
India Eyes Two New Sites To Expand Strategic Oil Reserves
India Eyes Two New Sites To Expand Strategic Oil Reserves
By Tsvetana Paraskova of OilPrice.com
State-controlled Indian Strategic Petroleum Reserves Ltd (ISPRL) is finalizing feasibility studies for two new strategic petroleum reserves facilities as the world’s third-largest crude oil importer looks to boost its energy security.
ISPRL, a government-owned special purpose vehicle, is finalizing a feasibility study for a facility at Bikaner in the state of Rajasthan in northwestern India and has completed a pre-feasibility study for a cavern in Bina in the central state of Madhya Pradesh, Indian media reported on...
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May 19, 2026 / Tyler Durden
Pentagon Urged No Resumption Of Strikes As Iran Grew More Effective Tracking US Air Ops: NYT
Pentagon Urged No Resumption Of Strikes As Iran Grew More Effective Tracking US Air Ops: NYT
President Trump had on Monday announced he agreed to pause planned Iran strikes, which were supposedly going to resume Tuesday, because UAE & Saudi Arabia asked him to as they said the sides are getting close to a deal.
However, Pentagon officials have told The New York Times they urged halting of strikes because of intelligence shows Iran has grown more effective at tracking US air operations and strengthening its air defenses, making the potential...
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Sep 4, 2026 / Tyler Durden
Watch: Lindsay Clancy's Lawyer Melts Down, Calls Judge 'Soft' For Letting Holdout Juror Remain
Watch: Lindsay Clancy's Lawyer Melts Down, Calls Judge 'Soft' For Letting Holdout Juror Remain
Lindsay Clancy's defense team is absolutely melting down after Judge William Sullivan refused to remove a holdout juror in Clancy's triple-murder trial, in which the jury must decide whether Clancy is criminally responsible for strangling her three children, Cora, 5; Dawson, 3; and Callan, 8 months. Her defense claims that she was suffering from hallucinations amid postpartum psychosis. The prosecution claims she was not in psychosis when she sent her husband out of the house on long errands, before she murdered her...
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