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Toyota And Honda See Sharp Declines In Profit Amidst Iran War Pressures, Spiking EV Costs
Toyota And Honda See Sharp Declines In Profit Amidst Iran War Pressures, Spiking EV Costs
Toyota expects a sharp decline in profit as rising material and shipping costs tied to the Iran conflict pressure its business, according to Bloomberg.
The automaker projected operating income of ¥3 trillion for the fiscal year ending March 2027, well below both analyst expectations of ¥4.6 trillion and last year’s ¥3.8 trillion.
The company said supply chain disruptions are driving up costs for aluminum, resins, and other materials, while logistics issues remain unpredictable. Toyota estimates the regional...
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Apr 21, 2026 / Tyler Durden
Gaza Needs Over $71BN In Next Decade If Enclave Hopes To Recover: New UN Report
Gaza Needs Over $71BN In Next Decade If Enclave Hopes To Recover: New UN Report
More than $71 billion will be required over the next decade to recover and rebuild Gaza following the brutal Israel-Hamas war, according to a new report. Hamas leadership has been largely decimated, though the group has yet to be completely disarmed, and there are still calls within the Israeli government among some hawkish officials to simply conquer and promote Jewish settlement of the whole territory.
In their final Gaza Rapid Damage and Needs Assessment (RDNA) which was...
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May 22, 2026 / Tyler Durden
UBS Warns Of "Scary" Oil Price Scenarios Once Inventory Buffers Run Dry
UBS Warns Of "Scary" Oil Price Scenarios Once Inventory Buffers Run Dry
Drawing down crude inventories at a record pace, with SPR releases doing the heavy lifting to cushion the Gulf supply shock, only delays the move higher in crude oil prices. Once those buffers are depleted, oil risks being violently repriced higher.
That is why the Trump administration's race to secure a peace deal with Iran and reopen the Hormuz chokepoint has taken on new urgency in recent weeks. The longer the critical waterway remains disrupted, the greater the risk...
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Mar 12, 2026 / John W. And Nisha Whitehead
The Madness of King Trump: War Games, War Crimes and a Wrecking Ball Presidency
Dysfunction, decadence, depravity and a death cult: that, in a nutshell, sums up the mindset now at the heart of the Trump administration. Troubling reports have surfaced that apocalyptic Christian rhetoric is being used to justify the Trump administration’s attacks on Iran as part of an “end-times” struggle between good and evil. “President Trump has been anointed […]
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