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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.

Latecomer Japan eyes slice of rising global defence spending

Long-pacifist Japan has shed its self-imposed ban on lethal weaponry exports, gunning for a prominent place in the global defence trade -- a challenging feat that analysts say could take years to achieve.

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IMF chief warns of 'tough times' if oil prices stay high

IMF chief Kristalina Georgieva warned Wednesday of difficult times ahead for the global economy if war in the Middle East is unresolved and oil prices stay high, adding that inflation risks could seep into food prices.

Starmer says 'won't yield' to Trump's Mideast war threats

British Prime Minister Keir Starmer on Wednesday said he would not "yield" to pressure to join the Iran war after US President Donald Trump threatened to scrap a UK trade deal.

Chinese suppliers, Mideast importers fret about war fallout on trade

Suppliers and buyers at a trade show in southern China were cautious on Wednesday as they weighed costs for ice cream machines, home appliances and cars that have risen since the start of the Middle East war.

Markets steadier on Mideast peace hopes, as war hits luxury goods

Markets largely steadied Wednesday as traders waited to see if Mideast peace talks resume, though share prices of Gucci parent Kering and French luxury group Hermes tumbled on weak earnings linked partly to the conflict's fallout.

EU says age-check app 'ready' in push to protect children online

European Union chief Ursula von der Leyen said Wednesday that an EU-developed age verification app was ready to go, as the bloc pushes to better protect children from online harm.

The Middle East war: latest developments

The latest developments in the Middle East war:

French luxury firms Hermes, Kering knocked by disappointing sales

Shares in the French fashion groups Kering and Hermes plunged Wednesday after both reported sales that missed analyst expectations, in part due to the Middle East war, which has hit business in a key region.

Stocks rally, oil falls further as Trump fans fresh peace hopes

Stocks rose and crude dropped again Wednesday after Donald Trump said a second round of US-Iran talks could take place "over the next two days", fuelling hopes for a deal that would reopen the Strait of Hormuz and allow crude to flow again.

Kanye West postpones France concert after minister's block call

US rapper Kanye West postponed late Tuesday his concert in the French city of Marseille, following reports that the country's interior minister was seeking to block the performance.

Stocks rally, oil extends losses as Trump fans fresh peace hopes

Stocks rose and oil fell again Wednesday after Donald Trump said a second round of US-Iran talks could take place "over the next two days", fuelling hopes for a deal that would reopen the Strait of Hormuz and allow crude to flow again.

US lawmaker demands FIFA pay World Cup transport bill amid ticket hikes

A top US lawmaker called on FIFA to pay for World Cup public transportation costs on Tuesday following a report that local authorities in New Jersey are planning massive price hikes during the tournament.

Netflix boss Sarandos has 'constructive' talks with cinema owners

Netflix CEO Ted Sarandos met with US cinema owners on the sidelines of an industry gathering, the trade association chief said Tuesday, as movie theaters look for ways to work with a one-time foe.

US bank profits jump as execs see consumers surviving oil spike, for now

Large banks reported higher profits Tuesday, pointing to resilience among US businesses and customers despite spiking oil prices from the Middle East war.

Renault to cut up to 20% of engineers

French carmaker Renault said Tuesday that it plans to reduce its number of engineers by 15 to 20 percent in the coming two years as it seeks to remain competitive.

Gucci -- again -- drags down Kering's performance

French luxury group Kering saw sales slide by six percent in the first quarter of this year, with its troubled flagship Gucci fashion house still dragging down its performance.

Rolls-Royce unveils ultra-luxury limited series electric car

Far from the downturn that has shaken many luxury houses in recent years, Britain's Rolls-Royce on Tuesday launched an ultra-luxury, limited-series electric car.

Paris engineer wins Picasso painting at charity auction

An art-loving engineer from Paris was the lucky winner of an original Picasso painting worth over a million euros at a charity raffle in Paris on Tuesday.

Stocks rise, oil prices retreat on hopes for Mideast peace deal

Stock markets climbed and oil prices tumbled Tuesday on rekindled hopes for a deal to end the Middle East war and reopen the key Strait of Hormuz to end disruptions that have sent energy prices soaring.

ECB chief insists won't abandon ship amid global turmoil

European Central Bank chief Christine Lagarde said Tuesday she would not leave her post early as the global economy faces a severe storm, insisting: "This captain is not going to leave the ship."

Czech govt draws ire with public media financing plan

The Czech culture minister angered the opposition and media freedom watchdogs with a plan presented Tuesday to fund public media from the state budget instead of fees paid by citizens.

US bank profits jump as execs see consumers surviving oil spike so far

Large banks reported higher profits Tuesday, pointing to resilience among US businesses and customers despite higher oil prices from the Middle East war.

Amazon says to buy Globalstar to expand satellite network

Amazon said Tuesday that it had signed a deal to buy the US telecoms satellite group Globalstar to expand its own space-based internet network and compete with Elon Musk's Starlink.

IMF cuts eurozone growth forecast to 1.1%, warns of strong euro

Economic growth across the eurozone will slow to an estimated 1.1 percent this year as higher energy prices weigh on manufacturing, the International Monetary Fund said Tuesday.

Romuald Wadagni, from economic reformer to presidential palace

For a decade, Benin's new president Romuald Wadagni has been the behind-the-scenes architect of sweeping economic reforms that have led to one of the strongest growth rates in west Africa.

Mideast war revs up electric car demand in Asia

Electric vehicle sales have jumped in Southeast Asia as cost-conscious buyers have poured into dealerships looking to dodge the fuel price spikes driven by the Middle East war.

China's economy likely picked up pace in first quarter: AFP survey

China's economic growth likely picked up in the first three months of the year, according to analysts surveyed by AFP, boosted by exports now impacted by the Middle East war, while domestic demand remains weak.

Asian stocks rally, crude drops on lingering hope for a peace deal

Stocks rose and oil fell Tuesday on hopes for a deal to end the Middle East war and reopen the Strait of Hormuz, with Donald Trump saying Tehran had called to seek an agreement even as a US naval blockade around Iran's ports began.

Geneva watch fair set to show war's effect on luxury sector

The Geneva watch fair opens on Tuesday and will be taken as a barometer of how the Middle East war is affecting the luxury goods sector.

OpenAI firebomber was trying to kill boss Sam Altman: prosecutors

A man who allegedly threw a Molotov cocktail at Sam Altman's luxury California home was trying to kill the boss of artificial intelligence giant OpenAI, US officials said Monday.

McDonald's, Iran, and the pope: Trump's bizarre press conference

If the McDonald's delivery to the Oval Office on Monday wasn't extraordinary enough, President Donald Trump's press conference on Iran, the pope and Jesus certainly was.

P&G and OMP Showcase the Path to Autonomous, Decision-Centric Planning at Gartner Supply Chain Symposium/Xpo 2026

How decision velocity is closing the gap between insight and action across one of the world's most complex value chains

Lufthansa pilots strike as cabin crew call further stoppage

Hundreds of Lufthansa flights were cancelled Monday as pilots kicked off a two-day strike over pay and pensions, with cabin crew announcing they were staging yet another stoppage later this week.

Dubai Telegraph - Economy (English)