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OPEC+ hikes oil production quotas but stays mum on UAE pull-out

Saudi Arabia, Russia and five other OPEC+ countries increased their oil production quota on Sunday in an expected move aimed at demonstrating continuity at the cartel after the shock withdrawal of the United Arab Emirates.

More Nepalis drive electric, evading global fuel shocks

As global fuel markets reel from the Middle East war, motorists in Nepal are increasingly turning to electric vehicles, with high demand putting a strain on dealerships.

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Stocks rally, oil dips on Mideast war optimism

Global stocks rallied and oil prices fell Wednesday after US President Donald Trump said the Middle East war that has roiled markets could be over within weeks.

France's Dassault says 'weeks' left to save Europe warplane project

The head of France's Dassault Aviation said on Wednesday he was giving his company "two to three weeks" to see if the multibillion-euro warplane programme with Germany could work as the government tries to salvage the project.

Stocks rally, oil dives as Trump says war to end 'very soon'

Equities rallied and oil tumbled Wednesday after US President Donald Trump said the Middle East war would be over in up to three weeks and his Iranian counterpart said Tehran had "the necessary will" to bring it to an end.

Anthropic releases part of AI tool source code in 'error'

Anthropic accidentally released part of the internal source code for its AI-powered coding assistant Claude Code due to "human error," the company said Tuesday.

Chinese robotaxis stall in apparent 'malfunction': police

A string of self-driving robotaxis owned by Chinese internet giant Baidu stalled in central China, stranding passengers after an apparent "system malfunction", police said Wednesday.

Japan allows joint child custody after divorce

Divorcing parents in Japan can opt to share custody starting Wednesday, ending a system both criticised for encouraging parental child "abductions" and defended as a safeguard for domestic abuse survivors.

NFL says will not scrap diversity measure despite Republican pressure

The NFL will not scrap pro-diversity policies that require teams to interview minority candidates, despite legal pressure from Florida's Republican attorney general, commissioner Roger Goodell said Tuesday.

Asian stocks rally as Trump says war to end 'very soon'

Asian stocks rallied Wednesday after US President Donald Trump said the Middle East war would be over in up to three weeks and his Iranian counterpart said Tehran had "the necessary will" to bring it to an end.

AI giant Anthropic says 'exploring' Australia data centre investments

Artificial intelligence giant Anthropic is eyeing data centre investments in Australia, saying Wednesday the nation was a "natural partner" for work in the booming sector.

At gas stations, Americans say they're 'paying the price' of Iran war

At a gas station in the Washington suburbs, drivers confronted the harsh domestic repercussions of the war on Iran, as spiking fuel prices hit household budgets hard.

Trump says war with Iran could end in 'two weeks, maybe three'

US President Donald Trump said Tuesday that the war with Iran may be over in two or three weeks, and it will be up to other countries to secure the vital Strait of Hormuz oil shipping channel.

OpenAI raises $122 billion in boosted funding round

OpenAI on Tuesday said that the startup was valued at $852 billion in a freshly closed funding round that raised $122 billion.

US stocks surge on hopes Iran war will end soon

Wall Street stocks rocketed higher Tuesday while oil prices retreated after Iran's president said his country had the "necessary will" to end the war with the United States and Israel, lifting hopes that a resolution was in site.

Dizzying month on markets with Middle East war

Oil prices soaring, bond yields climbing and equities slumping... financial markets saw dizzying movements in March thanks to the war in the Middle East.

Iran Guards say will target US tech firms if more leaders killed

Iran's Revolutionary Guards warned Tuesday they would retaliate against leading US tech firms such as Google, Meta and Apple if more Iranian leaders were killed in "targeted assassinations" in the more than month-old war.

Stocks rise on peace hopes, oil mixed

US and European stocks rose Tuesday on hopes for a quick end to the Middle East war, while oil prices traded mixed amid the continuing uncertainty.

Stocks rise on peace hopes, oil flat

US and European stocks rose Tuesday on hopes for a quick end to the Middle East war, while oil prices steadied amid the continuing uncertainty.

Trump says other countries should 'just take' the Strait of Hormuz

US President Donald Trump said Tuesday the countries that have not joined the Middle East war but are struggling with fuel shortages should "go get your own oil" in the Strait of Hormuz.

Indonesia rations fuel as prices soar over Mideast war

Indonesia on Tuesday announced fuel rations and mandated work from home for civil servants, as it seeks to conserve energy stocks amid global price hikes due to the Middle East war.

How Middle East war is driving up shipping costs

Iran's closure of the Strait of Hormuz trade route in the Middle East war is driving up the costs of shipping fuel and goods around the world, industry data shows.

Russian tanker brings oil to Cuba as US eases blockade

A Russian oil tanker arrived in a Cuban port on Tuesday to deliver the first crude shipment to the island since January after Washington gave the crisis-hit country a reprieve from an effective fuel blockade.

Asia to be hit hardest by Iran war energy crisis: Kpler to AFP

Asian nations are facing a major energy crisis as a result of the Iran war, with a sharp fall in crude shipments and few alternatives, global maritime analytics firm Kpler told AFP on Tuesday.

Huawei reports slowing revenue growth in 2025

Chinese tech giant Huawei's revenue growth slowed last year, its annual report showed Tuesday, as sales of the company's consumer devices plateaued against a backdrop of sluggish domestic consumption.

Italy fertility rate fell to new low of 1.14 in 2025

Italy's fertility rate fell to a new low of 1.14 children per woman in 2025 -- one of the lowest levels in the world, official data released on Tuesday showed.

Oil slips, stocks mixed after report says Trump willing to end war

Oil prices slipped Tuesday and stocks were mixed as investors weighed a report indicating Donald Trump was willing to end the Iran war even if the key Strait of Hormuz remained closed but also threatened to strike its energy infrastructure if it did not make a deal.

Russian tanker set to deliver oil to crisis-hit Cuba

A Russian oil tanker was set to deliver the first crude shipment to Cuba since January on Tuesday after Washington gave the crisis-hit island a reprieve from an effective fuel blockade.

Oil slips, stocks rise as report says Trump willing to end war

Oil prices sank and most stocks rose Tuesday, following a report that indicated Donald Trump was willing to end the Iran war even if the key Strait of Hormuz remained closed.

Indonesia trims meals programme: what next?

Indonesia will make cuts to its free school meals programme from Tuesday as it seeks to set aside billions of dollars to counteract budget pressures brought on by the Middle East war and soaring oil prices.

Oil rises on Trump's Iran threats, stocks mixed

Oil prices rose as the Middle East crisis escalated Monday with US President Donald Trump threatening to destroy Iran's main export terminal, and after the entry of Yemen's Houthi rebels into the war.

G7 ministers tackle economic fallout of Mideast war

G7 ministers and central bank officials gathered Monday to tackle the economic consequences of the war in the Middle East that has sent energy prices soaring and has triggered fears for the world economy.

Facts about Strait of Hormuz shipping blockade

Here are the latest key facts and figures about the blockage of the Strait of Hormuz, a crucial shipping route virtually paralysed by the Middle East war.

Oil prices rise, stocks diverge tracking Mideast war developments

Oil prices rose and stock markets diverged Monday as the Middle East crisis escalated with the entry of Houthi rebels into the Iran war and speculation that the United States could deploy troops on the ground.

Dubai Telegraph - Economy (English)