IEA supply cut pushes oil toward $100 as Wall Street futures slide

US stock futures fell sharply Thursday as oil prices climbed toward 100 dollars per barrel, intensifying concerns that the Iran conflict could trigger a prolonged energy shock, reignite inflation, and delay expected interest rate cuts by the Federal Reserve. Futures tied to the Dow Jones Industrial Average dropped about 400 points. S&P......

European Parliament backs first binding global treaty on artificial intelligence

The European Parliament voted to approve the European Union’s formal conclusion of the Council of Europe’s Framework Convention on Artificial Intelligence, Human Rights, Democracy and the Rule of Law, clearing the way for the EU to ratify the first legally binding international treaty focused on AI governance. The approval vote......

Replit raises 400 million dollars, triples valuation to 9 billion

Replit, the AI powered coding platform known for popularizing “vibe coding,” has raised 400 million dollars in a Series D funding round that values the company at 9 billion dollars, tripling its valuation in just six months. The company announced the investment alongside the launch of Agent 4, its newest AI development tool, and......

BMW forecasts lower profits in 2026 as tariffs pressure margins

BMW warned that profits will decline in 2026 as higher tariffs, currency shifts, and rising costs weigh on the German luxury carmaker’s profitability, even as the company bets on its next generation of electric vehicles to drive long term growth. Speaking at its annual conference in Munich, the company said it expects a moderate decline......

BlackRock CEO says Iran conflict could lower energy prices long term

BlackRock chief executive Larry Fink said a military conflict with Iran could ultimately reduce global energy prices over the long term, offering a view that contrasts with the current surge in oil markets. Speaking Wednesday at BlackRock’s US Infrastructure Summit in Washington, Fink argued that a broader opening of Iran’s energy......

Musk unveils Macrohard AI system built jointly by Tesla and xAI

Elon Musk announced that Tesla and his artificial intelligence company xAI have joined forces to develop a new AI system called Macrohard, also referred to as Digital Optimus. The system is designed to operate computers autonomously and perform office tasks in real time. Musk revealed the project on March 11 in a post on X, describing it......

Iran threatens to block oil flows through strategic Strait of Hormuz

Global oil markets surged into sharp volatility after Iran warned it could halt all oil shipments passing through the Strait of Hormuz, a key maritime corridor that carries about 20 percent of the world’s crude supply. Crude prices briefly climbed above 100 dollars per barrel this week for the first time since Russia’s invasion......

Nintendo shares surge as Pokémon Pokopia becomes global gaming hit

Nintendo shares jumped as much as 10.5 percent on Tuesday, marking the company’s largest daily gain since April 2025, after the unexpected success of the new game Pokémon Pokopia boosted investor confidence and eased concerns about rising memory chip costs. Pokémon Pokopia, a life simulation title inspired by the gameplay......

OPEC keeps oil demand forecast despite supply shocks from Iran war

OPEC has maintained its global oil demand projections even as supply disruptions linked to the war involving Iran shake energy markets. The organization confirmed that Saudi Arabia led a significant increase in production in February, raising output by 250,000 barrels per day in what appears to have been a precautionary move ahead of military......

Citi evacuates Dubai offices following Iranian threats against U.S. banks

American banking giant Citi has evacuated its offices in Dubai, United Arab Emirates, following threats from Iran targeting U.S. and Israeli economic centers in the Gulf region. According to a banking source, employees were instructed to leave Citi’s offices located in Dubai International Financial Centre (DIFC) and the Oud Metha district......

Iran missile campaign across Gulf enters second week of escalating conflict

Twelve days after the outbreak of a widening conflict involving the United States, Israel and Iran, the Gulf region continues to face sustained waves of Iranian missile and drone attacks that have struck every member of the Gulf Cooperation Council, caused civilian casualties and killed U.S. personnel, while triggering one of the most severe......

G7 Countries release strategic oil reserves ahead of leaders’ meeting

Several G7 nations have announced the release of strategic oil reserves in response to rising energy prices, ahead of a scheduled leaders’ meeting. Japan and Germany took the initiative to ease market pressures caused by the ongoing Middle East conflict, signaling coordinated action among the world’s largest economies. Japanese......

Shell and TotalEnergies declare force majeure on Qatari LNG supply contracts

Shell, TotalEnergies, and several companies in Asia have declared force majeure on downstream contracts linked to Qatari liquefied natural gas deliveries, according to a Reuters report citing sources familiar with the matter. The move follows Qatar’s own force majeure declaration earlier in March after disruptions triggered by attacks......

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