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.
Category Archives: Economy
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.
Starbucks’ Korean sales fall after backlash to ‘Tank Day’ ad campaign
Coffee chain has seen 'very significant' drop in sales after campaign that evoked crackdown, local operator says.
Oil prices fall amid mixed signals on US-Iran peace deal
Japan's stock market surges to record high on hopes of an end to US-Israel war on Iran.
Malaysia orders TikTok to address ‘defamatory’ content about king
Watchdog instructs social media giant to strengthen moderation following circulation of 'grossly offensive' content.
Prices surge, jobs disappear as war strains Iran’s economy
New Supreme Leader Mojtaba Khamenei says the country must defeat its enemies in an economic and cultural struggle, as we
A 42bn-euro dilemma: What is stopping EU from holding Israel to account?
Trade, history, internal rifts: Inside European deadlock over suspending lucrative association agreement with Israel.
Why oil prices aren’t what you think – and what it means for global supply
Growing gap between physical and on-paper oil prices points to more serious energy shock than appreciated, analysts say.
Social media making young people less happy, report finds
Heavy social media use has contributed to 'worrying decline' in wellbeing in Western countries, report says.