Business and Economy
With Middle East in flames, Texan bunker maker sees business boom
AFP - 3m ago
Since the war in the Middle East began nearly two weeks ago, the phone at Ron Hubbard's bomb shelter company in Texas …
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Middle East war: global economic fallout
AFP - 11m ago
Here are the latest economic events in the Middle East war on Wednesday:
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Iran threatens prolonged war as Trump says it is near defeat
AFP - 39m ago
Iran warned it could wage a prolonged war with the United States and Israel that would "destroy" the world economy, even …
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War disrupts fertiliser supplies, puts food security at risk
AFP - 51m ago
With production in the Gulf countries at a standstill and gas prices rising, the war in the Middle East is disrupting …
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US takes first steps towards new global trade penalties
Mar 11 2026
The United States announced new investigations Wednesday into what it considers unfair trade practices by dozens of …
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Iran says war could destroy global economy, Trump vows to 'finish' job
Mar 11 2026
Iran warned it could wage a prolonged war with the United States and Israel that would "destroy" the world economy, even …
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Iran warns of long war that would 'destroy' world economy
Mar 11 2026
Iran warned Wednesday it could wage a long war with the US and Israel that would "destroy" the world economy, as it …
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US, India still at odds with majority on WTO reform
Mar 11 2026
The United States and India still have reservations about a plan to overhaul the World Trade Organization, even though …
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Mexico considering social media restriction for minors: minister to AFP
Mar 11 2026
Mexico is considering implementing an Australia-style social media restriction for minors, Public Education Secretary …
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Strategic oil reserves, a crisis cushion
Mar 11 2026
The 32 member countries of the International Energy Agency (IEA) decided on Wednesday to unlock 400 million barrels of …
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German defence giant Rheinmetall sees business boost from Mideast war
Mar 11 2026
German arms maker Rheinmetall said Wednesday the Middle East war offered new business opportunities, especially for its …
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Oil prices jump despite strategic reserve release
Mar 11 2026
A record release of oil from strategic reserves by IEA nations failed to ease concerns about the impact from the Middle …
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German central bank abandons controversial overhaul
Mar 11 2026
Germany's central bank said Wednesday it was abandoning a project to renovate its historic Frankfurt headquarters after …
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US consumer inflation unchanged but price shocks from Iran war loom
Mar 11 2026
Consumer inflation in the United States remained stable at 2.4 percent in February, official data showed Wednesday, with …
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IEA to launch largest-ever release of oil reserves
Mar 11 2026
The International Energy Agency said on Wednesday its member countries would unlock 400 million barrels of oil from …
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Iran warns ready for long war that would 'destroy' world economy
Mar 11 2026
Iran said Wednesday it was ready for a long war of attrition that would "destroy" the world economy, after firing on two …
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British fintech Revolut gets full UK banking licence
Mar 11 2026
British fintech company Revolut on Wednesday said it had obtained a full UK banking licence from regulators, lifting …
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IEA says members to release 400 mn barrels from oil reserves
Mar 11 2026
The International Energy Agency said Wednesday its member countries would unlock 400 million barrels of oil from their …
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Oil jumps, stocks drop as Mideast war prolongs market volatility
Mar 11 2026
Oil prices rallied and equities largely dropped Wednesday as traders assessed the latest impact for global markets from …
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Iran hits ships in Gulf chokepoint as G7 dips into oil reserves
Mar 11 2026
Iran fired on two commercial ships in the Gulf on Wednesday, setting at least one vessel on fire, as it pressed its …
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US consumer inflation unchanged at 2.4% year-on-year in February
Mar 11 2026
Consumer inflation in the United States remained stable at 2.4 percent in February, in line with market expectations, …
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Trade ships hit as Iran threatens Gulf oil chokepoint
Mar 11 2026
New attacks hit three commercial ships in the Gulf on Wednesday, setting at least one vessel on fire, as Iran pressed …
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Germany, Japan to unblock oil reserves as G7 stands 'ready' to act
Mar 11 2026
Japan and Germany said Wednesday they would tap into their oil reserves to tackle the rise in crude prices due to the …
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Airlines grapple with impact of Mideast war
Mar 11 2026
Global airlines are grappling with the effects of the war in the Middle East, as fuel prices soar and customers reassess …
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G7 inches closer to tapping oil reserves to tackle price rise
Mar 11 2026
The Group of Seven advanced economies inched closer Wednesday to tapping strategic oil reserves to tackle the rise in …
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Thai navy says cargo ship attacked in Strait of Hormuz
Mar 11 2026
A Thai bulk carrier travelling in the crucial Strait of Hormuz was attacked Wednesday, with 20 crew members rescued so …
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Cathay says surcharge to rise as fuel prices jump during Mideast war
Mar 11 2026
Hong Kong aviation giant Cathay Pacific said on Wednesday that fuel surcharges would rise after prices soared in March …
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Airlines in Asia hike fares as Mideast war raises fuel costs
Mar 11 2026
Airlines in the Asia-Pacific region, including Qantas, Air India and Cathay Pacific, have hiked fares -- or will soon -- …
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European football clubs score with stadium rebuilds
Mar 11 2026
On a former derelict dock in the British port city of Liverpool, fans of Everton throng eateries and bars at the …
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Asia stocks rise but oil resumes gains amid IEA supply report
Mar 11 2026
Asian equities rose Wednesday while oil resumed its gains as traders weighed growing supply concerns against a report …
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Cargo vessels hit as Iran threatens to close Gulf oil chokepoint
Mar 11 2026
Three commercial ships took fire in the Gulf on Wednesday as Iran launched strikes against its oil-exporting neighbours, …
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G7 energy ministers 'ready' to take 'necessary measures' on oil reserves
Mar 11 2026
Energy ministers of the G7 said on Wednesday they stood ready to take "all necessary measures" in coordination with the …
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German defence giant Rheinmetall sees faster growth as Europe rearms
Mar 11 2026
German defence giant Rheinmetall Wednesday forecast even faster growth this year after record earnings in 2025, with …
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Fears of fuel shortage in Pakistan as tankers wait to fill up
Mar 11 2026
Tanker drivers in Pakistan said they were facing long waits at depots due to a shortage of fuel, as the government …
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Stocks rise again, oil stabilises as report says IEA considers release
Mar 11 2026
Asian equities extended gains Wednesday while oil stabilised after a report said the International Energy Agency was …
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Cathay Pacific expects to carry more passengers in 2026
Mar 11 2026
Hong Kong carrier Cathay Pacific said on Wednesday it expected to boost its capacity to carry passengers by around 10 …
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New wave of Iran attacks as oil reserve release weighed
Mar 11 2026
Iran unleashed a wave of attacks against Israel and Gulf nations on Wednesday, including targeting a Saudi oilfield, as …
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Kharg Island: Iran's vital oil hub in the crosshairs?
Mar 11 2026
Kharg Island, a scrubby stretch of land in the northern Gulf, handles almost all of Iran's crude exports and any attempt …
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'Stealth hit' Pokemon game sends Nintendo shares soaring
Mar 11 2026
Fan buzz around life-simulation game "Pokemon Pokopia" sent Nintendo shares soaring on Wednesday, with some hailing the …
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Bangladesh sari weaving tradition hangs by a thread
Mar 11 2026
Bangladesh's Tangail sari is fighting for survival as weavers warn that automation and economic pressures are pushing …
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Asian stocks extend gains, oil stabilises after crude release report
Mar 11 2026
Asian equities extended gains Wednesday while oil stabilised after a report said the International Energy Agency was …
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New wave of Iran attacks as IEA weighs oil reserve release
Mar 11 2026
Iran unleashed early Wednesday defiant new strikes around the region including drones targeting a Saudi oilfield, as the …
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CEO of Brazil's Nubank on pending US market entry, Trump, AI: interview
Mar 11 2026
Nubank CEO David Velez, whose massive Brazil-based digital bank is on the verge of entering the prized US market, hailed …
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US targets Iran mine-laying as war causes oil market havoc
Mar 11 2026
The United States said Tuesday it was striking Iranian ships capable of mining the crucial Strait of Hormuz and …
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Dassault pitches latest private jet against US, Canadian rivals
Mar 10 2026
France's Dassault on Tuesday unveiled its latest private jet, the Falcon 10X, pitched to rival the flagship planes from …
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Louis Vuitton takes Paris fashion week on mountain ride
Mar 10 2026
Models wore mountain capes, shepherds' hats and carried bags with bells attached to them as Louis Vuitton brought the …
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Mideast tanker escort: high-risk mission for US Navy
Mar 10 2026
US Navy escorts could help increase the flow of tankers through the Strait of Hormuz, but American warships accompanying …
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Oil prices dive as IEA eyes emergency release with Hormuz Strait in focus
Mar 10 2026
Crude prices sank and equities mostly rose Tuesday as oil-importing countries discussed a possible stockpile release …
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White House says US Navy has not escorted tanker through Strait of Hormuz
Mar 10 2026
The United States has not escorted any oil tanker through the Strait of Hormuz, the White House said Tuesday, after the …
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Iran not seeking ceasefire as Trump steps up threats
Mar 10 2026
Iran remained defiant as fresh explosions thundered out in Tehran on Tuesday, insisting it was not seeking a ceasefire …
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US satellite firm extends Middle East image delay
Mar 10 2026
American firm Planet Labs PBC on Tuesday said it now imposes a two-week delay for access to its satellite images of the …
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Oil plunges, stocks mostly rise as Trump says Iran war over 'very soon'
Mar 10 2026
Oil prices sank and equities mostly rose Tuesday following a volatile session that came after President Donald Trump …
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Blasts rock Tehran as US says strikes to intensify
Mar 10 2026
Explosions thundered out in Tehran on Tuesday after the Pentagon chief warned US strikes on Iran would reach their …
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Global energy body discusses releasing strategic oil reserves
Mar 10 2026
Member states of the International Energy Agency (IEA) met on Tuesday for crisis talks to assess security of supply and …
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Musk, already world's richest person, eyes $1 trillion fortune
Mar 10 2026
Elon Musk's estimated $839 billion net worth has made him the wealthiest individual ever recorded, Forbes said Tuesday, …
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US energy secretary's post saying US escorted tanker in Hormuz deleted
Mar 10 2026
A post by US Energy Secretary Chris Wright saying that the US Navy had escorted an oil tanker through the Strait of …
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UN warns Hormuz standstill will hit world's most vulnerable
Mar 10 2026
The standstill in the Strait of Hormuz caused by the Middle East war could hammer some of the world's most vulnerable …
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Oil crisis: Is world better placed than in 1973?
Mar 10 2026
Ten days after the first American and Israeli strikes against Iran, oil prices have cooled slightly after soaring above …
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Expats cling to Dubai's allure despite Iran's missiles
Mar 10 2026
While tourists and non-essential diplomats scramble to leave the Gulf as Iran retaliates across the region for US and …
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Oil plunges, stocks rise as Trump says Iran war over 'very soon'
Mar 10 2026
Oil prices sank and equities pushed higher Tuesday following a wild day of swings that came after President Donald Trump …
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UAE closes biggest oil refinery as Iran vows to choke off crude exports
Mar 10 2026
The UAE's largest oil refinery closed on Tuesday after a drone attack, as Iran defiantly vowed that no crude exports …
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Vietnam to tap emergency fund to cool surging fuel prices
Mar 10 2026
Vietnam moved Tuesday to tap an emergency fund to cool surging fuel prices, as the Middle East war has disrupted …
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UK trial opens against Sony over PlayStation video game prices
Mar 10 2026
A trial opened in London on Tuesday over a £2 billion ($2.7 billion) class action lawsuit that accuses Japanese …
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Middle East war : global economic fallout
Mar 10 2026
Here are the latest economic events in the Middle East war on Tuesday:
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Oil plunges, stocks steady as Trump says Iran war over 'very soon'
Mar 10 2026
Oil prices sank and equities steadied Tuesday following a wild day of swings that came after President Donald Trump …
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Citing 'strategic mistake' EU pivots back to nuclear energy
Mar 10 2026
EU chief Ursula von der Leyen on Tuesday said Europe's turn away from nuclear power had been a "strategic mistake", as …
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Defiant Iran vows to block Gulf oil until US-Israel bombing stops
Mar 10 2026
Iran vowed on Tuesday that not one litre of oil would be exported from the Gulf while the United States and Israel …
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Iran war sends prices in next door Turkmenistan soaring
Mar 10 2026
At a market in Turkmenistan's capital Ashgabat, pensioner Shemshat Kurbanova always used to pick the "juiciest" Iranian …
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EU chief, Macron say Mideast war exposes Europe energy vulnerability
Mar 10 2026
EU chief Ursula von der Leyen and French President Emmanuel Macron on Tuesday called on European countries to boost the …
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Volkswagen says to cut 50,000 jobs as profit slides
Mar 10 2026
Germany's automotive giant Volkswagen said Tuesday it would cut 50,000 jobs at home by 2030 as its profit slid to its …
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Oil plunges, stocks rally as Trump says Iran war over 'very soon'
Mar 10 2026
Oil prices sank and equities rallied Tuesday following a wild day of swings that came after President Donald Trump …
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Iran vows to fight on and block all Gulf oil
Mar 10 2026
Iran vowed on Tuesday that not one litre of oil would be exported from the Gulf while its war with the United States and …
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Lego posts record profit despite geopolitical turmoil: CEO to AFP
Mar 10 2026
Denmark's Lego, the world’s number one toy maker, on Tuesday posted record sales and profits for its 2025 financial …
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German exports drop in setback to fragile recovery
Mar 10 2026
German exports dropped faster than expected in January, official data showed Tuesday, the latest sign that the recovery …
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French AI startup AMI announces $1 bn raised in funding
Mar 10 2026
French artificial intelligence startup AMI, co-founded by Meta's former chief AI scientist Yann LeCun, announced Tuesday …
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Crude plunges, stocks rally as Trump says war over 'very soon'
Mar 10 2026
Oil prices sank and equities rallied Tuesday following a wild day of swings that came after Donald Trump said the …
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Trump says will waive some oil sanctions as Iran war roils markets
Mar 10 2026
US President Donald Trump said Monday that he will waive some sanctions on oil to boost supply and bring down prices, …
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War in the Middle East: economic impact around the world
Mar 10 2026
Here are the latest economic events in the Middle East war on Tuesday:
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Crude plunges, stocks rally as Trump says war 'pretty much' complete
Mar 10 2026
Oil prices tanked and equities rallied Tuesday following a wild day of swings that came after Donald Trump said the …
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Viral drone video fuels debate about Rio favela tourism
Mar 10 2026
A line of tourists touch up their makeup before strutting across a rooftop in Rio de Janeiro's largest favela, posing …
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Fertilizer prices surge from Iran war, squeezing weary US farmers
Mar 10 2026
American farmers are again feeling the squeeze after a year marked by trade turmoil and low crop prices, with the …
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Venezuelan lawmakers advance mining reforms sought by US
Mar 10 2026
The National Assembly of Venezuela on Monday moved forward with mining reforms pushed by the United States, which is …
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Live Nation settles antitrust case with US Justice Dept, states object
Mar 10 2026
Live Nation reached a tentative settlement with the US Justice Department on Monday in the federal antitrust case …
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Anthropic sues Trump admin over Pentagon blacklisting
Mar 09 2026
Anthropic filed suit Monday against the Trump administration, alleging the US government retaliated against the company …
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US stocks end wild session higher as Trump says Iran war 'pretty much' over
Mar 09 2026
Comments from President Donald Trump declaring the Middle East war "pretty much" over sent US stocks skyward at the end …
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France, allies preparing bid to 'gradually' reopen Strait of Hormuz
Mar 09 2026
France and its allies are preparing a "defensive" mission to reopen the strategically vital Strait of Hormuz, President …
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Shipping giant MSC halts Gulf exports amid war risks
Mar 09 2026
Global shipping giant MSC announced Monday it was formally halting certain export shipments from the Gulf because of the …
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Trump's limited options to curb Iran war oil price surge
Mar 09 2026
US President Donald Trump is under pressure to curb oil prices sent skyrocketing by the war with Iran, but has only …
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UK finance minister warns of higher inflation amid Iran war
Mar 09 2026
UK finance minister Rachel Reeves warned on Monday the country could face rising inflation due to the fallout of the US …
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Anthropic takes Trump administration to court over Pentagon row
Mar 09 2026
Anthropic filed suit Monday against the Trump administration, alleging the US government retaliated against the AI …
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Iran war sends crude prices soaring as Khamenei son takes charge
Mar 09 2026
The Iran war sent oil prices soaring on Monday after Tehran, under new leader Mojtaba Khamanei, fired a new barrage of …
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Ships brandish China-links to weave through Strait of Hormuz
Mar 09 2026
Ships anchored in the Gulf or transiting the Strait of Hormuz are changing their tracking data to boast links to China …
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Stocks slide as oil soars past $100 on Mideast war
Mar 09 2026
Stock markets slumped as energy prices soared on Monday as supply disruptions from the Middle East war drove volatility …
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G7 'not there yet' on release of oil reserves: French minister
Mar 09 2026
France's finance minister said Monday the G7 was "not there yet" in terms of any release of strategic oil reserves as …
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Iran war sends oil price soaring as Khamenei son takes charge
Mar 09 2026
The Iran war sent oil prices spiralling above $100 a barrel on Monday after Tehran under new leader Mojtaba Khamanei …
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War in the Middle East: latest developments
Mar 09 2026
Here are the latest events in the Middle East war on Monday:
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UK PM Starmer says 'monitoring' economic impact of Iran war
Mar 09 2026
British Prime Minister Keir Starmer said Monday the government was monitoring the economic fallout of the US and …
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Bangladesh scraps light displays as Mideast war worsens fuel crunch
Mar 09 2026
Bangladesh has tightened security at filling stations, sent students home and even scrapped light displays for …
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Stocks tumble, oil soars past $100 on Mideast war
Mar 09 2026
Stock markets plunged and energy prices soared on Monday as supply disruptions from the Middle East war drove volatility …
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Asian economies move to limit Mideast war's impact at home
Mar 09 2026
Faced with soaring prices and disruptions to their oil and gas supplies, Asian countries heavily dependent on fossil …
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Khamenei's son takes charge as Iran war sends oil price soaring
Mar 09 2026
Iran marked the appointment of Ayatollah Mojtaba Khamenei to replace his father as its supreme leader with a new barrage …
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Equities plunge as energy prices soar on Mideast crisis
Mar 09 2026
Stock markets plunged Monday as oil and gas prices soared on fears about supplies from the Middle East with the …
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