Asian markets mixed as Iran conflict enters seventh day

Asian financial markets ended a volatile week with mixed results on Friday as oil prices eased slightly after days of sharp swings triggered by the escalating conflict involving Iran. The fighting, now in its seventh day, has disrupted global energy flows and unsettled investors across major asset classes. The turmoil began after the United......

SoftBank seeks record $40 billion loan to expand investment in OpenAI

SoftBank Group is seeking a loan of up to $40 billion to finance a major expansion of its investment in OpenAI, according to Bloomberg. If completed, the deal would represent the largest dollar denominated borrowing in the Japanese conglomerate’s history. The financing is expected to take the form of a 12 month bridge loan backed by......

Indonesia arrests 13 Japanese nationals over suspected online fraud scheme

Indonesian authorities have arrested 13 Japanese nationals suspected of being involved in an organized online fraud operation in West Java, highlighting growing concerns about transnational cybercrime in Southeast Asia. The arrests were carried out during an operation led by immigration and law-enforcement officials targeting illegal cyber......

Sony ends PC releases for major single player PlayStation games

Sony Group Corp. will stop releasing its major single player PlayStation 5 titles on PC, ending a six year experiment with cross platform launches that the company now considers commercially ineffective, according to Bloomberg. The decision means several high profile games will remain exclusive to the PS5. These include last year’s......

Greenland fishers struggle as Arctic warming melts vital sea ice

Fisherman Helgi Áargil says the waters of Greenland’s fjords have become increasingly unpredictable. Last year his boat became trapped in ice that broke away from a nearby glacier. This year the weather has been unusually wet. Some fishing trips bring him around 100,000 Danish kroner, about $15,700, while others produce no income......

China explores space solar station concept to weaken typhoons

Chinese researchers working on an ambitious space based solar power project say the technology could eventually serve purposes beyond clean energy generation, including the possibility of weakening typhoons and wirelessly recharging satellites across space. Duan Baoyan, the chief scientist behind China’s “Zhuri” space solar......

South Korean won falls past 1,500 per dollar for first time since 2009

Asian currencies recorded their steepest losses of 2026 this week as the fallout from coordinated U.S. and Israeli strikes on Iran drove investors toward the U.S. dollar, pushing the South Korean won beyond a key threshold not seen since the global financial crisis. The won weakened past the psychological level of 1,500 per dollar early Wednesday......

South Korea halts trading as Asian markets tumble over Iran war fears

Asian stock markets fell sharply on Wednesday as escalating tensions involving the United States, Israel and Iran rattled investor confidence and pushed oil prices higher across global markets. South Korea’s Kospi index plunged as much as 10 percent, triggering circuit breakers that temporarily halted trading. Other major regional benchmarks......

Toyota and Stellantis exit Tesla emissions pool under EU rules

Toyota and Stellantis have withdrawn from Tesla’s European carbon emissions pooling arrangement for 2026, according to newly filed documents with the European Union, removing two of the largest contributors to a coalition that analysts once estimated could generate more than €1 billion annually for the electric vehicle manufacturer. The......

Asian nations rush to evacuate citizens and safeguard oil supplies amid Middle East conflict

Governments across the Asia-Pacific region are accelerating evacuation plans and reinforcing energy security measures as escalating hostilities in the Middle East disrupt global oil flows and unsettle financial markets. Countries including China, India, Pakistan and Australia have mobilized diplomatic and logistical resources to assist citizens......

6 magnitude earthquake shakes Japan’s Volcano Islands

A magnitude 6.0 earthquake struck Japan’s Volcano Islands early Monday, according to the German Research Centre for Geosciences. The quake occurred at a shallow depth of 20 kilometers (12 miles) in the North Pacific Ocean, approximately 283 kilometers (176 miles) from the Northern Mariana Islands. Authorities reported no damage or casualties......

Safe-haven currencies climb as Iran crisis rattles global markets

Safe-haven currencies strengthened at the start of the week as investors reacted to a sharp escalation in the conflict between Iran, the United States and Israel, driving money out of risk assets and into traditional shelters. The Swiss franc rose to its strongest level against the euro since 2015, while the Japanese yen also firmed as foreign......

Rubio to hold G7 call amid rising tensions in Iran

U.S. Secretary of State Marco Rubio is scheduled to speak with foreign ministers from G7 countries on Saturday to discuss the evolving situation in Iran, according to a State Department official. The G7 group includes Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, alongside the European Union. The conversation......

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