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European governments are once again facing mounting pressure to impose windfall taxes on oil and gas companies after the continent’s biggest energy firms posted soaring first-quarter profits driven by the Middle East conflict and the resulting spike in global energy prices. Major European energy companies benefited heavily from volatility in oil markets following disruptions linked to the war involving Iran. The instability sent crude prices sharply higher and created luc

Sberbank has revised down its forecast for Russia’s economic growth, projecting gross domestic product expansion of just 0.5% to 1%, compared with its earlier estimate of 1% to 1.5%. The downgrade follows a weak performance in the first quarter of the year, signaling mounting pressure on the country’s economy. The state-controlled lender updated its outlook ahead of the release of preliminary first-quarter GDP figures from the Economy Ministry, expected on Wednesday, as

Macau’s gaming revenue share reached MOP94.9 billion (US$11.8 billion) in 2025, exceeding pre-year expectations and underscoring the continuing dominance of the casino sector in the Special Administrative Region’s economy. The $11.8 billion that flowed to the Macau SAR Government surpassed earlier forecasts of $11.6 billion in tax revenue. Officials had revised their projections downward midway through last year amid a deteriorating economic outlook, but a strong performance