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......
Iran conflict could erase $56 billion from Middle East tourism, report says
The growing military confrontation involving Iran could wipe out up to $56 billion in tourism revenue across the Middle East this year, according to a new analysis by Tourism Economics, a research unit of Oxford Economics. The report estimates that international visitor arrivals to the region could fall between 11 percent and 27 percent in......
Banijay and All3Media merge to create $6.6 billion production giant
French media company Banijay Group announced a merger of its television production business with UK based All3Media, creating one of the world’s largest independent content producers with combined annual revenue exceeding $6.6 billion. The deal brings together production companies behind major global formats including Big Brother, Survivor......
Erbil hit by more than 70 drone and missile attacks amid regional escalation
Air defense systems intercepted at least one drone near the U.S. consulate in Erbil on Tuesday as Iraq’s Kurdistan region endured another day of attacks linked to Iran backed militias targeting American sites. Explosions were also reported near Erbil International Airport and the Harir military base, according to regional media reports.......
Iran says Rubio admitted US entered “war of choice” for Israel
Iran said U.S. Secretary of State Marco Rubio effectively acknowledged that Washington joined a voluntary conflict on Israel’s behalf after he defended the joint American Israeli military operation against Iran during remarks at the U.S. Capitol. Speaking before a closed door briefing with lawmakers on March 2, Rubio said the United......
Moderna agrees to up to $2.25 billion settlement in covid vaccine patent dispute
Moderna has agreed to pay up to $2.25 billion to resolve a global patent dispute with Genevant Sciences and Arbutus Biopharma over the lipid nanoparticle technology used in its COVID-19 vaccine, Spikevax. The agreement ends years of litigation over the delivery system that enabled mRNA vaccines during the pandemic. If fully executed, the......
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......
Israel says 300 Iranian missile launchers destroyed after six days of strikes
Israeli forces say about 300 Iranian ballistic missile launchers have been destroyed during the first six days of a joint U.S. and Israeli air campaign, but Iran’s extensive network of underground missile facilities continues to challenge efforts to eliminate the country’s missile capabilities. The strikes are part of “Operation......
Apple unveils six devices in two days during major spring launch
Apple introduced six new devices in two days as part of one of its most ambitious spring product launches in recent years, with at least one additional announcement expected during a hands on media event scheduled for Wednesday. The rollout began Monday, March 2, when the company revealed the iPhone 17e and the iPad Air powered by the M4......
Soros investment chief warns markets face 18 to 24 months of turmoil
Dawn Fitzpatrick, chief investment officer at Soros Fund Management, warned investors to prepare for a difficult period lasting up to two years as markets confront a combination of geopolitical tensions, instability in private credit, and the disruptive effects of artificial intelligence. Speaking at the Bloomberg Invest conference in New......
Morocco’s ADM reports 20 percent revenue rise, expands highways for 2030 World Cup
Morocco’s national highway operator, Autoroutes du Maroc, posted a 20 percent increase in consolidated revenue in 2025, reflecting stronger traffic activity and a surge in construction works as the country accelerates infrastructure upgrades ahead of the 2030 FIFA World Cup. Revenue reached MAD 6.78 billion, compared with the previous......
Ethiopia’s multibillion dollar Bishoftu hub aims to reshape African aviation
About forty kilometres south of Addis Ababa, Ethiopia has begun building one of the most ambitious aviation projects ever attempted on the continent: Bishoftu International Airport, a new mega hub designed to anchor the future growth of Ethiopian Airlines and entrench the country’s role as Africa’s main gateway. At a groundbreaking......
Nigeria’s non oil exports hit record as diversification gains pace
Nigeria’s non oil exports have climbed to a historic high, underscoring the country’s drive to reduce its long standing dependence on crude revenues and broaden its economic base. According to recent figures released by the Nigerian Export Promotion Council (NEPC), non oil exports reached about 6.1 billion dollars in 2025, an increase......