Breaking 16:20 OpenAI launches a $10 billion joint venture to embed AI in private equity firms 16:00 Wildfires spread across the Northern Hemisphere weeks ahead of schedule 15:38 Iranian supertanker carrying $220 million in crude breaks through US naval blockade 15:20 Bitcoin stalls near $78,000 as Binance logs five days of stablecoin outflows 14:55 Germany maps US potash dependency as potential lever in trade standoff 14:37 Oil shock and Wall Street euphoria put global economy on recession watch 13:42 US backs Lai after surprise Eswatini visit draws sharp rebuke from Beijing 13:20 Dubai airport traffic collapses 66 percent in March as regional war disrupts Gulf aviation 13:03 Rockstar Games developers allege unpaid overtime amid GTA 6 crunch at India studio 11:45 Fifa faces world cup broadcast crisis as India and China deals remain uncertain 11:21 Jet fuel crisis grounds airlines worldwide as Spirit Airlines shuts down operations 11:00 Pakistan facilitates return of Iranian cargo ship crew seized by the United States 10:30 New Mexico seeks changes to Meta platforms in youth harm trial 10:04 United Airlines Boeing 767 strikes lamppost and truck while landing at Newark airport 09:30 AI chipmaker Cerebras targets strong valuation in US IPO push 09:04 Chanel Cruise 2026/27 backstage beauty looks reveal key makeup trends 08:15 German carmakers hit by new US tariff increase 08:00 The Kremlin tightens security around Putin amid fears of internal coup 07:42 Apple tests a streamlined Modular dial for watchOS 27

Economy



Oil shock from Iran conflict spreads surcharges across global economy

Companies around the world are rapidly introducing energy surcharges as the oil shock linked to the Iran conflict pushes costs higher across transport, manufacturing, agriculture, and consumer industries. Economists warn that the combination of rising inflation and slowing economic growth is reviving......

Diesel shortages threaten farming across continents amid Iran conflict

A growing diesel shortage triggered by disruptions to global energy supplies is threatening agricultural activity across multiple continents, raising concerns about rising food prices in the months ahead. Two weeks after the start of the US Israeli conflict involving Iran, the effective closure of the......

Iraq faces salary crisis as oil exports collapse during Iran conflict

Iraq is confronting a severe economic shock as the near collapse of its oil exports threatens the government’s ability to pay public sector salaries as early as next month. Officials warn that the country’s oil dependent economy is approaching a fiscal crisis after the disruption of its main......

European stocks record first consecutive weekly drop of 2026 amid Iran war

European equity markets posted their first back to back weekly decline of the year as the military confrontation involving Iran pushed oil prices higher and deepened economic uncertainty across the region. While energy producers and utilities gained from the surge in crude prices, banks, airlines, and......

CF Industries hits record high as Iran war disrupts global fertilizer supply

Shares of CF Industries Holdings surged more than 13 percent on Thursday, reaching a record high as the escalating conflict involving Iran disrupted global fertilizer supply chains. The nitrogen fertilizer producer closed at $136, up $15.87 for the session after touching an intraday peak of $137.44.......

Switzerland maintains mandate for US trade negotiations, says minister

Switzerland is reaffirming its commitment to ongoing trade negotiations with the United States, aiming to formalize a deal on tariffs initially agreed last year, Economy Minister Guy Parmelin said on Friday. Speaking from Zurich, Parmelin highlighted that Switzerland will continue discussions with the......

Euro falls to 2026 low as Middle East oil crisis pressures Europe

The euro weakened for a fourth consecutive session on Thursday, sliding to its lowest level of 2026 as the U.S. and Israeli military campaign against Iran continued to disrupt global energy markets and weigh on Europe’s energy dependent economy. The European Central Bank’s reference rate......

Traders anticipate possible Federal Reserve interest rate cut by September

Investors in global financial markets are increasingly betting that the Federal Reserve may begin lowering interest rates later in 2026, with many traders pointing to September as a possible timeframe for the first reduction. Market expectations shifted following the release of new inflation data in......

Aluminum hits four year high as Gulf war disrupts global supply

Aluminum prices climbed to their highest level in nearly four years as the war in the Middle East disrupted shipments from the Persian Gulf, one of the world’s most important production hubs for the lightweight metal. Three month aluminum futures on the London Metal Exchange settled at $3,516.50......

BofA strategist warns markets echo conditions before the 2008 financial crisis

Michael Hartnett, chief investment strategist at Bank of America, says current market conditions show striking similarities to the period preceding the 2008 global financial crisis, as surging oil prices and emerging stress in private credit markets raise concerns among investors. In the bank’s......

U.S. dollar hits four month high as Middle East war drives safe haven demand

The U.S. dollar strengthened this week, with the dollar index rising above 99.00 to its highest level since late November 2025 as investors moved toward safe haven assets amid escalating conflict in the Middle East. The index traded near 99.34 on Thursday after reaching an intraday high close to 99.76.......

Oil surges above $100 as Iran vows to keep Strait of Hormuz closed

Global oil prices climbed back above $100 per barrel on Thursday as Iran’s new supreme leader pledged to maintain the closure of the Strait of Hormuz, intensifying the largest energy supply disruption in modern history. The conflict involving the United States, Israel and Iran has entered its......

Japan signals readiness to intervene as yen nears 160 against dollar

Japan’s finance minister Satsuki Katayama said authorities are prepared to take “all necessary measures” regarding the currency as the yen approaches its weakest level in months, raising speculation that Tokyo could step in to stabilize the market. The Japanese currency slipped below......

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