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Thu, Mar 19, 2026 03:54 AM All times are UTC

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Oil Prices Surge as Strait of Hormuz Disruption and Middle East Conflict Threaten Global Supply

Mar 06, 2026 00:19 am UTC| Economy

Global oil prices jumped sharply on Thursday as escalating tensions in the Middle East and shipping disruptions in the Strait of Hormuz raised fears of tightening energy supplies. The ongoing U.S.Israeli conflict with Iran...

Oil Prices Surge Over 3% as Middle East Conflict Raises Supply Fears

Mar 05, 2026 08:35 am UTC| Economy

Oil prices climbed sharply during Asian trading on Thursday as escalating tensions in the Middle East fueled concerns about potential disruptions to global crude oil supply. The conflict has now entered its sixth day with...

Japan’s Rengo Unions Seek Nearly 6% Wage Increase in 2026 Labor Talks

Mar 05, 2026 08:33 am UTC| Economy

Japans largest labor union federation, Rengo, announced that its member unions are seeking an average wage increase of 5.94% in the 2026 annual labor negotiations, highlighting continued momentum in wage growth as...

China Unveils New Five-Year Plan Focused on Tech Power, Economic Growth, and National Security

Mar 05, 2026 08:30 am UTC| Economy

Chinas political leadership gathered in Beijing as President Xi Jinping introduced a new strategic roadmap for the countrys economic and political direction during the annual National Peoples Congress (NPC). The meeting,...

Asian Stocks Rebound as KOSPI Surges, China Signals Stimulus Amid Global Tensions

Mar 05, 2026 08:17 am UTC| Economy

Asian stock markets rebounded sharply on Thursday, with South Koreas KOSPI leading gains as bargain hunters returned to equities following heavy losses earlier in the week. Positive momentum from Wall Street and selective...

Trump Praises Delcy Rodríguez as Venezuela Oil Exports Resume

Mar 05, 2026 02:04 am UTC| Politics Economy

U.S. President Donald Trump said Wednesday that Venezuelan acting President Delcy Rodríguez is doing an excellent job as Venezuela begins restoring its oil flow, signaling improving cooperation between Washington...

Dollar Rally Pauses as Euro Stabilizes Amid Middle East War Uncertainty

Mar 05, 2026 01:38 am UTC| Economy

The U.S. dollar paused its strong rally on Thursday, giving the euro and other major currencies brief relief as investors reassessed the potential duration and economic impact of the ongoing Middle East conflict. Currency...

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Economy

BOJ Holds Interest Rates Steady Amid Middle East Uncertainty

Japans central bank maintained its benchmark interest rate at 0.75% following a two-day policy meeting that concluded on Thursday, a decision that aligned with broad market expectations. The Bank of Japans move comes at a...

Gold Prices Stabilize in Asian Trade Amid Rate Uncertainty and Iran War Concerns

Gold prices edged higher during Asian trading hours on Thursday, clawing back some recent losses after a sharp selloff pushed the precious metal to its lowest point in over a month. Despite the modest recovery, prices...

Australia's February Jobs Data Sends Mixed Signals on Rate Outlook

Australias labor market delivered a stronger-than-expected performance in February, though underlying details painted a more complicated picture for the countrys economic trajectory. Official data from the Australian...

Global Central Banks Hold Rates Amid Iran War-Driven Energy Price Surge

The United States Federal Reserve and Bank of Canada both held interest rates steady on Wednesday while signaling heightened vigilance as the ongoing Iran conflict continues to drive energy prices to alarming levels. The...

Yen Slides Near Two-Year Low as Fed Holds Rates Amid Middle East Tensions

The Japanese yen hovered near a two-year low in early Asian trading Thursday, weighed down by a stronger U.S. dollar as investors closely monitored central bank decisions across major economies against the backdrop of an...

Politics

DOJ Antitrust Chief Rejects Political Fast-Track for Paramount-Skydance Deal

The head of the U.S. Department of Justices antitrust division has firmly dismissed suggestions that political connections could accelerate regulatory approval for the proposed Paramount Skydance acquisition of Warner...

Trump Eyes Troop Deployment to Middle East Amid Escalating Iran Conflict

The Trump administration is weighing a significant military escalation in the Middle East, with reports indicating that thousands of U.S. troops could be deployed to the region as part of its ongoing campaign against Iran....

Russian Drone Strikes Hit Odesa Apartments and Lviv Security HQ

Russian drone attacks targeted multiple Ukrainian cities in the early hours of Thursday, causing widespread damage and injuries across the country. In the southern port city of Odesa, drones struck several residential...

Iran-Israel War Escalates: Energy Infrastructure Attacks Shake Global Oil Markets

The ongoing conflict between the United States, Israel, and Iran reached a dangerous new threshold this week as Iran accused Israel of striking facilities within the massive South Pars gas field one of the worlds largest...

Venezuela Appoints New Defense Minister as Rodriguez Reshapes Military Leadership

Venezuelas acting President Delcy Rodriguez has appointed Major General Gustavo Gonzalez Lopez as the countrys new Defense Minister, replacing long-serving General Vladimir Padrino Lopez in what analysts are calling the...

Science

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Technology

Apple Defies China's Smartphone Slump with Strong Early 2026 Sales

Apple has recorded a remarkable 23% jump in China smartphone sales during the first nine weeks of 2026, outperforming a broader market that contracted by 4% over the same period. The surge highlights Apples strengthening...

Cyberattack on Stryker Triggers U.S. Government Warning Over Microsoft Intune Security

A cyberattack targeting medical device giant Stryker Corporation last week has prompted urgent action from U.S. federal cybersecurity authorities. The March 11 incident severely disrupted Strykers core operations,...

Elon Musk Confirms SpaceX, xAI, and Tesla Will Continue Large-Scale Nvidia Chip Orders

Elon Musk, the billionaire entrepreneur behind some of the worlds most ambitious tech ventures, confirmed late Thursday that his companies SpaceX, xAI, and Tesla plan to keep purchasing Nvidia chips at significant scale....

Micron Technology Beats Q2 Earnings Estimates, Issues Strong AI-Driven Outlook

Micron Technology (NASDAQ: MU) delivered a standout second-quarter performance, surpassing Wall Street expectations on both earnings and revenue as surging demand for AI-optimized memory chips continues to reshape the...

Microsoft Eyes Legal Action as Amazon-OpenAI Deal Threatens Azure Exclusivity

Microsoft is reportedly considering legal action against both Amazon and OpenAI following the announcement of a massive $50 billion cloud computing partnership between the two companies. According to the Financial Times,...