Business

Iran war, credit crunch, and AI: inside the global market meltdown

It’s only March, and investors have already absorbed a hot war in the Middle East, a credit system showing cracks, a brutal tech repricing, and two of the world’s most trusted safe-haven assets selling off in the middle of a crisis. The market feels chaotic because it genuinely is, and what makes this moment unusual

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Business

Is Iran war testing US-Israel alliance as costs soar?

For 60 years, the US-Israel alliance was treated as a sacred pillar of American foreign policy, but that consensus may be cracking. What was once framed as a strategic partnership now looks increasingly like a costly state-backed arrangement: one that has delivered Israel more than $300 billion in US assistance. The US has provided $3.8

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Business

BOE holds rates, signals hikes as Middle East war lifts inflation

The Bank of England (BoE) held its benchmark interest rate steady on Thursday but signaled a more hawkish stance as rising energy prices linked to the Middle East conflict threaten to push inflation higher. The nine-member Monetary Policy Committee (MPC) voted unanimously to keep rates unchanged at 3.75%, marking its first unanimous decision in over

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Business

Are rising debts, weak wages pushing Gen-Z out of workforce?

A growing share of Gen-Z (defined as those born between 1997 and 2012) is stepping away from work and education at the same time that debt burdens are rising and wages are struggling to keep up with living costs. Across major economies, millions of young people are now classified as NEETs, meaning they are not in

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Business

US jobless claims fall unexpectedly, signalling labour market resilience

The number of Americans filing new applications for unemployment benefits unexpectedly declined last week, pointing to stable labor market conditions and a potential rebound in job growth in March, even as global uncertainties persist. Data released by the US Labor Department showed initial claims for state unemployment benefits dropped by 8,000 to a seasonally adjusted

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Business

Evening digest: US eases shipping rules, Bitcoin slips below $72K

On Wednesday, the Federal Reserve held the policy rates, while the US wholesale inflation surged. Trump administration also allowed a waiver permitting foreign-flagged vessels to transport fuel between domestic ports to address price pressures and supply disruptions linked to the Iran conflict. US Fed holds rates amid geopolitical uncertainty The US Federal Reserve kept interest

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Business

Fed holds rates steady as Middle East war clouds outlook

US Federal Reserve officials left interest rates unchanged on Wednesday, maintaining a cautious stance as geopolitical tensions in the Middle East and mixed economic signals complicate the policy outlook. The Federal Open Market Committee (FOMC) voted 11-1 to keep the benchmark federal funds rate in a range of 3.5% to 3.75%, in line with market

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Business

Lloyds share price crawls back ahead of BoE decision: will the gains hold?

Lloyds share price rose for three consecutive days as London stocks continued their recovery today. It rose to 97.45p on March 18, up by 5.95% from its lowest level this month as investors focus on the upcoming Bank of England interest rate decision. Analysts predict hawkish Bank of England  Lloyds Bank, the parent company of

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Business

Why Germany’s economy is collapsing faster than anyone expected?

Germany is in the midst of a slow-motion economic unravelling — one that is almost entirely self-inflicted. Once the uncontested engine of European prosperity, the country now posts some of the weakest growth among advanced economies, has watched its industrial base wither, and faces a political crisis driven by a governing class too timid to

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Business

How US pressure could tip Cuba’s fragile economy into deeper crisis

Cuba’s fragile economy is facing renewed strain as US pressure intensifies, raising concerns about how far the situation could escalate. President Donald Trump said on Monday he expected to have the “honour of taking Cuba”, adding that he could do anything he wants with the island. The remarks come as Cuba deals with a severe

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