An explosion has been reported at the massive Valero refinery in Port Arthur, Texas.Flames and thick black plume of smoke were seen rising from the refinery.Residents in the surrounding area have been alerted to shelter in place.The incident, which occurred on Monday, was likely caused by an industrial heater, according to local media outlet KFDM.The blast at one of the largest oil refineries in t...
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Political News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.