Dubai Telegraph

Brazil ratifies EU-Mercosur trade deal

Brazil's Senate on Wednesday ratified a deal between the Mercosur bloc and the European Union that creates one of the world's largest free trade areas.

US, European stocks rise as oil prices steady; Asian indexes tumble

US and European stock markets advanced Wednesday as oil prices steadied, after Asian bourses suffered deep losses amid inflation worries sparked by the US-Iran war.

US Fed warns 'economic uncertainty' weighing on consumers

The US Federal Reserve warned Wednesday that increased economic uncertainty was impacting consumer sentiment, as President Donald Trump's administration presses on with an aggressive tariffs agenda despite recent setbacks.

Florida family sues Google after AI chatbot allegedly coached suicide

The family of a Florida man who took his own life filed suit against Google on Wednesday, alleging the company's Gemini AI chatbot spent weeks manufacturing an elaborate delusional fantasy before aiding him in his suicide.

Bayer gets preliminary approval for weedkiller class settlement

German agrichemical giant Bayer said Wednesday that a US judge had granted preliminary approval for a multi-billion-dollar class settlement proposed by its subsidiary Monsanto over claims the Roundup weedkiller causes blood cancer.

Russia to free two Hungarian-Ukrainian POWs, Putin says

Russia will free two Ukrainian-Hungarian nationals captured while fighting for Ukraine, President Vladimir Putin said Wednesday, after Hungarian Prime Minister Viktor Orban appealed for their release in a phone call.

Adidas shares slump on outlook, Mideast war casts shadow

Adidas's shares slumped Wednesday after its 2026 outlook disappointed investors, while the German sportswear giant said any potential impact on its business from the Middle East war was still unclear.

Ivory Coast cuts cocoa producer price by nearly 60 percent: govt

Ivory Coast, the world's leading cocoa producer, on Wednesday cut the price paid to its growers by nearly 60 percent, the government said, to try to address a sales slump affecting the sector.

Stocks firm, oil steadies after sell-off on Middle East turmoil

US and European stock markets firmed and energy prices steadied Wednesday after President Donald Trump sought to ease oil supply concerns triggered by the conflict between the United States and Iran.

Stocks firm, oil dips after sell-off on Middle East turmoil

US and European stock markets firmed and energy prices dipped on Wednesday after President Donald Trump sought to ease oil supply concerns triggered by the conflict between the United States and Iran.

Latest developments in Iran war: Israel plans on 'one, two weeks' of strikes

The Israeli military is planning on at least "one or two" more weeks of strikes on Iran, Israeli media reported on Wednesday, the war's fifth day, while launching a fresh wave of attacks in Lebanon against Tehran-backed Hezbollah militants.

Iran claims 'complete control' of strait: latest in the Mideast war

Iran claimed total control of the key energy transit Strait of Hormuz Wednesday, the war's fifth day, as Israel hit Iran with fresh strikes and advanced into Lebanon against Tehran-backed Hezbollah militants.

Privacy and attention promises from alternative phones at MWC

Alternative phones on offer at the Mobile World Congress (MWC) telecoms trade show in Barcelona this week aim to answer demand for devices that protect users' data and attention.

Adidas shares slump on outlook, Mideast war impact uncertain

Adidas's shares slumped Wednesday after its 2026 outlook disappointed investors, while the German sportswear giant said any potential impact on its business from the Middle East war was still unclear.

European stocks firm after sell-off on Middle East turmoil

European stock markets firmed on Wednesday after a global rout driven by fears that surging energy prices from the Middle East war could fan inflation and hit the global economy.

Weedkiller cancer claims drive Bayer to bigger loss

German agrichemical giant Bayer said Wednesday it made a loss of 3.62 billion euros ($4.20 billion) in 2025 after it booked extra charges related to claims that its popular weedkiller causes blood cancer.

Myanmar drivers scramble for fuel as Mideast war cuts supply

Snaking queues of vehicles waited in Myanmar for shrivelling petrol supplies on Wednesday, with some gas stations shuttered as fuel stocks dried up due to the war in the Middle East.

AI not hitting European jobs for now: ECB

Artificial intelligence has only had minor effects on employment in Europe so far, European Central Bank economists said Wednesday, but they warned the technology's future impact was uncertain.

Nepal's Gen Z pins hopes on post-uprising elections

Six months after joining anti-corruption protests that rocked Nepal, 23-year-old Amrita Ban will vote in Thursday's election, hoping the new government will realise the movement's demands.

Adidas shares slump on downbeat profit outlook

Adidas shares slumped Wednesday after the German sportswear giant gave a disappointing 2026 profit forecast and warned of a 400-million-euro ($465-million) hit from US tariffs and exchange rate effects.

Greek court upholds convictions in neo-Nazi party trial

A Greek appeals court on Wednesday upheld convictions for leaders of the neo-Nazi party Golden Dawn in a landmark trial over crimes committed at the height of the country's economic crisis.

Japan eyes remote Pacific island for nuclear waste

Japan is looking into using a remote deserted Pacific island nearly 2,000 kilometres (1,250 miles) from Tokyo as a site for burying nuclear waste, officials said.

Israel launches new strikes as Iran squeezes key oil shipping route

Israel launched fresh strikes on Iran and Lebanon, where state media reported a residential building was hit on Wednesday, as Iran's Guards said they had sealed off one of the world's most vital shipping routes for energy.

X suspends revenue sharing for undisclosed AI war videos

Social media platform X announced Tuesday it would suspend creators from its revenue sharing program for 90 days if they post AI-generated videos of armed conflicts without disclosing they were artificially made, the company said.

Patchy Italy disability access 'an insult' ahead of Games

Italy hosts the world's top paralympic athletes this month, but just getting across the street in Rome can feel like an Olympian task for wheelchair users.

Seoul tanks as Asian stocks tumble, oil extends gains on Iran war

Seoul shares collapsed more than 12 percent as Asian equity markets were hit by panic selling Wednesday, while oil rose amid fears the US-Israel war on Iran will fan inflation and hammer the global economy.

Asian stocks tumble further, oil extends gains as inflation fears grow

Asian equity markets plunged again Wednesday while oil extended gains as the United States and Israel pressed on with their war on Iran, with investors growing fearful about a surge in inflation and the impact on the global economy.

Chinese consumers scout lower prices, secondhand goods as spending sputters

In a Shanghai shopping centre, customers browsed racks of used winter coats, $2 trousers and household appliances -- pre-used items that would have been out of place in a major Chinese mall a decade ago.

Formerra Appoints Tom Kelly as Chief Executive Officer

CLEVELAND, OHIO / ACCESS Newswire / March 4, 2026 / Formerra, LLC ("Formerra"), a leading distributor of engineered thermoplastic resins, additives, elastomers, and other specialty materials, today announced the appointment of Tom Kelly as Chief Executive Officer ("CEO"). A seasoned executive with over 30 years of specialty and engineered materials experience, Tom is known for leading teams to drive differentiated growth and building high-performing organizations set up for long-term success. The former CEO, Cathy Dodd, will stay on as Special Advisor to the Board and will remain an investor in the Company.

Iran hits US targets in Gulf as Tehran targeted

Iran expanded its retaliatory missile and drone barrage across the Middle East on Tuesday, hitting another US consulate and base, even as the United States and Israel said they had pummeled key sites inside Tehran.

Israel says hit Iran nuclear site: Latest developments in Middle East war

Drones and missiles hit oil facilities and US diplomatic missions in the Gulf on Tuesday as Iran retaliated to fresh strikes.

US stocks cut losses after Trump announces steps to safeguard Hormuz Strait

US equities joined a global equity rout Tuesday due to surging oil prices, but cut their losses after President Donald Trump announced steps to safeguard commerce in the Strait of Hormuz.

Dubai Telegraph - Economy (English)

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