China’s support for Iran shows its limits as US ramps up pressure on Tehran
Beijing's support for Tehran is balanced against other relationships in the region, analysts say.
Category Archives: Economy
Asia looks to store oil, gas closer to home after Strait of Hormuz crisis
Asian economies are racing to build up storage capacity to reduce their exposure to conflict in the Middle East.
Western Balkans truck drivers threaten EU border blockade
Drivers demand an exemption to 90-day limit to stay in Schengen area, saying current rules stop them from working.
Iran’s government signals fuel price hike on eve of new US sanctions
Prices for food and other items are soaring, and there is a history of unrest, so any increase is being considered.
TikTok settles with US Justice Department for $400m over child privacy laws
TikTok and the US government settled to resolve allegations that the app violated children's online privacy laws.
US stocks near record high, oil falls as Trump claims Iran talks under way
Benchmark S&P 500 approaches all-time peak as Washington, Tehran offer conflicting accounts of status of talks.
Trump slams Chevron CEO, demands immediate reduction in US fuel prices
Trump claims Chevron's success stems from his policies, calling for urgent reductions in US fuel prices for consumers.
How new Yemen tensions could complicate the global energy crisis
If the fighting in Yemen expands, and the Houthis try to block Bab al-Mandeb, the world economy faces a new shock.
IMF cuts 2026 world growth forecast, citing Iran war fallout
Global economy to grow 3 percent in 2026, as AI demand partly offsets energy shock from Iran war, IMF says.
Iran warns ships against using unapproved routes in Strait of Hormuz
Military command issues threat a day after Qatari mediators hailed 'positive progress' in indirect US-Iranian talks.
China slaps export controls on dozens of Japanese entities
China's Ministry of Commerce says measures are a response to Tokyo's 'new militarism'.
Oil prices rise as US, Iranian strikes threaten Strait of Hormuz reopening
Brent crude edges up as tit-for-tat strikes hinder return to normality in key waterway.
Oil prices fall, stocks rally as US, Iran sign framework to end war
Brent crude drops 2.3 percent, while key stock indices in Japan, South Korea and Taiwan climb.
Japan’s central bank raises interest rates to highest level since 1995
Bank of Japan hikes benchmark rate to 1 percent, continuing shift away from decades of ultra-low borrowing costs.
US stock market jumps as US-Iran deal stirs hopes for end to energy turmoil
Benchmark S&P 500 rises 1.7 percent, while tech-heavy Nasdaq jumps 3.1 percent.
Stock markets soar, oil falls as US, Iran confirm deal to end war
Asian stock markets surge as Washington and Tehran announce agreement to end hostilities and reopen Strait of Hormuz.
South Korea fines Coupang $408m over biggest data leak in country’s history
Data protection watchdog says e-commerce giant failed to implement safety measures and delayed reporting breach.
OpenAI says China-based actors stoking opposition to AI data centres
AI company says ChatGPT accounts sought to 'exploit and amplify existing public concerns' about energy prices.
Indonesia’s rupiah falls to record low against US dollar
Currency plunge comes as energy shock from the Iran war casts a cloud over Southeast Asian economies.
South Korea’s SK Hynix enters exclusive $1 trillion club
Chipmaker becomes second South Korean company in history to hit milestone.