A prolonged surge in natural gas prices triggered by the ongoing war in the Middle East risks denting European growth and hitting some Asian economies hard, analysts have warned. Global gas prices have soared this week amid fears of a lengthy disruption to energy flows through the Strait of Hormuz — a key shipping route…
A plume of smoke rises after a strike in Tehran, Iran, Monday, March 2, 2026. Mohsen Ganji | AP When the U.S. and Israel struck Iran on Saturday morning, “very few” people in Europe were told beforehand that the airstikes were about to begin, a senior lawmaker in the bloc told CNBC. “Very few people…
Commercial ships anchor off the coast of the United Arab Emirates due to navigation disruptions in the Strait of Hormuz, Dubai on March 2, 2026. Stringer | Anadolu | Getty Images Oil supertanker costs in the Middle East climbed to their highest level on record as conflict between the U.S. and Iran disrupts shipping through…
The Roger models, named after former tennis player and company investor Roger Federer, are displayed in a shop of Swiss shoemaker On in Zurich, Switzerland, Aug. 28, 2025. Denis Balibouse | Reuters Swiss sneaker maker On Holding is down 11% in premarket trading, despite issuing guidance for another year of strong growth and reporting record…
Guided by immigrant roots, public‑health purpose and a belief in “staying in the ring,” Novartis CEO Vas Narasimhan reflects on the unlikely decisions that took him from the “steel town” of Pittsburgh, Pennsylvania to the helm of a global drugmaker. <
Britain’s Chancellor of the Exchequer Rachel Reeves speaks during the World Economic Forum (WEF) annual meeting in Davos on January 20, 2026. The World Economic Forum takes place in Davos from January 19 to January 23, 2026. Fabrice Coffrini | Afp | Getty Images As the U.K.’s Finance Minister Rachel Reeves prepares to give an…
A plume of smoke rises after a strike in Tehran, Iran, Monday, March 2, 2026. Mohsen Ganji | AP LONDON — European stocks are expected to open firmly in negative territory on Tuesday as the geopolitical crisis in the Middle East continues to weigh on global market sentiment. The U.K.’s FTSE index is seen opening…
A general view of Tehran with smoke visible in the distance after explosions were reported in the city, on March 2, 2026 in Tehran, Iran. Contributor | Getty Images What you need to know today The first flights out of Dubai were cleared to depart since the U.S. and Israel attacked Iran, but service is…
OpenAI CEO Sam Altman addresses the gathering at the AI Impact Summit, in New Delhi, India, February 19, 2026. Bhawika Chhabra | Reuters OpenAI CEO Sam Altman said Monday that the company “shouldn’t have rushed” its recent deal with the U.S. Department of Defense and would make some revisions to the agreement. It came days…
People walk by the exhibit for Amazon Web Services (AWS) at National Retail Federation (NRF) 2026: Retail’s Big Show, in New York City, U.S., Jan. 12, 2026. Kylie Cooper | Reuters Amazon Web Services said late Monday two of its data centers in the United Arab Emirates and a facility in Bahrain were damaged by…
