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Stocks tumble, oil jumps on Trump's Iran ultimatum

Stocks tumbled Monday and oil prices jumped after Donald Trump and Iranian leaders traded threats over the key Strait of Hormuz, while Israel said the Middle East war could last several more weeks.

Mideast war threatens energy crisis worse than 1970s oil shocks

The world faces an energy crisis worse than both 1970s oil shocks combined if the Middle East war drags on, the head of the International Energy Agency warned Monday, as Israel launched fresh strikes on Tehran and threatened weeks more fighting.

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Behind the BTS comeback, the dark side of K-pop

K-pop oozes with talent, flair and hard work, but the spectacularly successful South Korean music industry also has a dark side -- sometimes with tragic results.

Crude sinks after Netanyahu tries to reassure on Iran war

Crude prices fell more than two percent Friday after Israeli Prime Minister Benjamin Netanyahu said Iran was being "decimated" and that the war would end earlier than many feared.

Italy, Germany and France offer help with Hormuz only after ceasefire

Six major international powers said Thursday they were ready "to contribute to" ensuring safe passage through the Strait of Hormuz, though three stressed that any initiative would take place post-ceasefire.

US stocks cut losses on Netanyahu war comments as energy prices soar again

Energy prices soared during a volatile session Thursday, while Wall Street stocks trimmed losses after Israeli Prime Minister Benjamin Netanyahu said the war with Iran could finish sooner than expected.

Netanyahu says Iran decimated as Tehran warns of 'zero restraint' in energy attacks

Prime Minister Benjamin Netanyahu said Thursday that Israel's military attacks had "decimated" Iran and that the Middle East war could finish sooner than expected, even as the Islamic republic kept up attacks on Gulf oil and gas targets that have jolted global markets.

Venezuelan student freed after months in US immigration custody

Democrats and activists celebrated Thursday the release of a US high school student from Venezuela who spent 10 months in custody after his arrest by immigration officials enforcing President Donald Trump's mass deportation plans.

US mulls lifting sanctions on Iranian oil at sea despite war on Tehran

US Treasury Secretary Scott Bessent said Thursday that Washington might lift sanctions on Iranian oil that is already being shipped, as energy prices soar due to the war in the Middle East.

IMF raises concern over global inflation, output over Iran war

The International Monetary Fund said on Thursday it was monitoring the impacts of the war in Iran on global inflation and output, but that no countries had so far approached it for emergency assistance related to the conflict.

Iran attacks on gas and oil refineries heighten fears over war fallout

Iranian attacks on the world's largest LNG plant in Qatar and refineries in Saudi Arabia and Kuwait sent shock waves through energy markets Thursday as the US said there was no time frame to end the Middle East war.

EU summit fails to rally Orban behind stalled Ukraine loan

EU leaders failed to persuade Hungary's Viktor Orban to lift his block on a massive loan to support Ukraine's war effort at summit talks on Thursday, leaving the much-needed funding in limbo.

European Central Bank warns of major hit from Mideast war

The European Central Bank warned Thursday that the energy shock unleashed by the Middle East war would sharply push up inflation and hit the eurozone's growth this year.

What cargo ships are passing Hormuz strait?

Just a trickle of cargo ships and tankers -- most of them Iranian -- have made it through the Strait of Hormuz since Iranian forces blocked the crucial trade route in the Middle East war.

Defiant Orban digs in over blocked Ukraine loan at EU talks

A defiant Hungarian leader Viktor Orban vowed Thursday to keep blocking a massive loan for Ukraine despite heavy pressure from EU partners, who were headed into a Brussels summit hoping to unlock the much-needed funding.

Tokyo's dazzling cherry blossom season officially begins

Tokyo's meteorologists declared the start of the much-loved cherry blossom season in the Japanese capital on Thursday, as residents prepare to host outdoor picnics under dazzling floral displays.

Energy prices surge, stocks sink amid rising energy shock fears

Energy prices soared Thursday and stocks sank as Iran attacked several Gulf energy facilities and warned of more in retaliation for a strike on one of its key gas fields.

Labubu creators hope for monster film hit in Sony co-production

China's snaggle-toothed Labubu dolls will soon come alive on the big screen after flying off the toy shelves, with maker Pop Mart announcing a collaboration with Sony Pictures.

Crude prices surge, stocks sink amid rising energy shock fears

Oil surged more than five percent Thursday and stocks sank as Iran attacked several Gulf energy facilities and warned of more in retaliation for a strike on one of its key gas fields.

Patching the wounds of Kinshasa's street children

In the back of a 4X4, a nurse cleaned a gash in a boy's arm, picked up from living rough on the streets of Kinshasa, the capital of one of the world's poorest countries.

Strait of Hormuz blockage drives up Gulf food bills

In a supermarket in Bahrain, Mahmoud Ali fills his cart as usual. The shelves remain stocked despite the war in the Middle East, but the blockade of the main shipping routes into the Gulf is now being felt at checkout.

Key Middle East energy sites under fire

Qatar's main gas facility has suffered extensive damage after several rounds of Iranian strikes, causing new energy supply fears as the Middle East war grinds on.

Mideast energy shock rattles eurozone rate-setters

The energy shock unleashed by the Middle East war will top the agenda at Thursday's European Central Bank meeting, as fears grow of a major hit to the eurozone economy.

Iran targets Gulf energy sites after gas field strike

Iran targeted energy facilities across the Gulf and threatened further destructive attacks after a key gas field was hit, raising fears Thursday of a wider assault on fuel supplies that could jolt already rattled global markets.

Music popstar will.i.am meshes AI and 'micromobility'

Black Eyed Peas star will.i.am is putting artificial intelligence agents to work in three-wheel vehicles tailored for modern urban life.

US Fed Chair says 'no intention' of leaving board while probe ongoing

US Federal Reserve Chair Jerome Powell said Wednesday that he did not plan to leave the central bank's board until a Justice Department probe linked to renovation costs was completed.

US stocks fall on latest oil price surge as Fed lifts inflation forecast

Oil prices surged Wednesday following a strike on a major Iranian gas facility as the Federal Reserve raised its inflation forecast while holding interest rates steady.

Iran targets Gulf energy sites after intel chief killed

Iran launched attacks targeting oil and gas facilities around the Gulf on Wednesday, lashing out after suffering yet another blow to its leadership with Israel's killing of its intelligence chief.

US Fed raises inflation outlook over 'uncertain' Iran war impact

The US Federal Reserve raised its outlook for inflation as it held interest rates steady on Wednesday, citing an "uncertain" economic outlook due to the war in Iran.

Iran suffers new blow as Israel kills intel chief

Iran suffered a fresh blow Wednesday with the killing of its intelligence minister as the new supreme leader, yet to be seen since replacing his slain father, vowed to avenge the death of the country's security chief.

Slovakia curbs diesel sales, ups prices for foreigners

The Slovak government said Wednesday it would restrict diesel sales for 30 days because of a shortage due to the suspension of supplies by the Druzhba pipeline.

US Fed holds rates unchanged over 'uncertain' Iran war implications

The US Federal Reserve kept interest rates unchanged as expected Wednesday, in defiance of President Donald Trump as the world's largest economy battles stubborn inflation, weak labor demand and an "uncertain" economic outlook due to the war in Iran.

Billionaire Dyson buys 50 percent stake in Bath rugby

British billionaire businessman James Dyson has acquired a 50 percent stake in Bath, the English Prem rugby champions announced Wednesday.

How many cargo ships are passing Hormuz strait?

Just a trickle of cargo ships and tankers has made it through the Strait of Hormuz since Iranian forces blocked the crucial trade route in the Middle East war.

The China Mail - Economy (English)