Latest News, Updates & Breaking Headlines
Iran’s supreme leader Mojtaba Khamenei is reportedly unconscious and receiving urgent medical treatment in city of Qom, raising serious doubts over who is actually running the country amid an escalating war with the United States and Israel.According to a diplomatic memo seen by The Times, and based on US and Israeli intelligence assessments, the 56-year-old…
MUMBAI: The accepted wisdom, for years, was that global uncertainties and inflation would drive the prices of precious metals northward. The war in West Asia is challenging that direction of causality.Despite heightened global uncertainties and fear of oil-price-led inflation, the price of the two precious metals-gold and silver-have slid southward. And market players and analysts…
President of the Republic of Finland Alexander Stubb Finland President Alexander Stubb has suggested that India could help broker a ceasefire between the United States-Israel and Iran, as the Middle East conflict entered its 19th day on Wednesday.He made the remark during an interview with Bloomberg Television.Stubb said, “We need a ceasefire…I’m just wondering whether…
Oil prices climbed further on Monday after the US administration signalled that the Middle East crisis may persist for several more weeks, raising concerns over prolonged disruptions to global energy supplies. Donald Trump also called on other countries to help secure the Strait of Hormuz — one of the world’s most crucial routes for oil…
MUMBAI: India’s choc-a-block equity-raise calendar is shifting gears, with many companies pushing back fundraises amid West Asia-driven market volatility. Deals remain on hold, not off. “The immediate impact is that investors are less willing to add risk through new deals in the near term. This isn’t so much a pricing issue but a case of…
US financial and technology companies are stepping up security and limiting office activity in parts of the Middle East, a day after Iran warned it could target economic centres linked to the United States during the ongoing regional conflict.Citi Bank asked employees to immediately leave its regional headquarters in the Dubai International Financial Centre, according…
As fighting between Iran and the United States continues to intensify, Iranian President Masoud Pezeshkian has indicated that Tehran may be willing to return to negotiations, but only under strict conditions.Pezeshkian spoke with leaders from Russia and Pakistan over the past two days, signalling that diplomatic channels could reopen despite the ongoing war. According to…
NEW DELHI: Integrated shipping and logistics company Maersk has decided to levy a temporary emergency bunker surcharge on new cargo bookings to ensure the cross-border movement of essential items amid the ongoing crisis in West Asia. However, the surcharge is subject to regulatory approvals and will apply globally, including India, without exception from March 25,…
Oil prices have climbed above $100 a barrel for the first time in more than three and a half years as the escalating war involving Iran disrupts energy production and shipping routes across the Middle East. US President Donald Trump called it a “very small price to pay for world peace”.“Short term oil prices, which…
Hyderabad: India’s pharmaceutical sector is staring at potential losses of Rs 2,500– Rs 5,000 crore if March exports to the Gulf Cooperation Council (GCC) and the wider West Asia and North Africa (WANA) are completely disrupted by the ongoing West Asia conflict, which is intensifying pressure on freight, shipping routes, and delivery schedules, according to…
