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Today: April 29, 2026
Today: April 29, 2026

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Business|Economy|MidEast|Political|US|World

Hegseth goes before Congress for the first time since the Iran war started

Defense Secretary Pete Hegseth is facing questioning from members of Congress for the first time since the Iran war began

Hegseth goes before Congress for the first time since the Iran war started
Business|Economy|Environment|Finance|Political|World

The Latest: Hegseth to face Congress for first time since Iran war began

Defense Secretary Pete Hegseth is facing questioning from lawmakers for the first time since U.S. President Donald Trump launched the war against Iran

The Latest: Hegseth to face Congress for first time since Iran war began
Business|Economy|Environment|Stock Markets|World

US stocks drift in mixed trading as oil prices keep spurting higher

The U.S. stock market is drifting in mixed trading as the countdown ticks to an afternoon announcement from the Federal Reserve on what it will do with interest rates

US stocks drift in mixed trading as oil prices keep spurting higher
Economy|Europe|MidEast|Political|World

Germany's Merz says relations with Trump are good despite spat over Iran

German Chancellor Friedrich Merz said on Wednesday his relationship with U.S.

Germany's Merz says relations with Trump are good despite spat over Iran
Business|Economy|Finance|Stock Markets|US

Phillips 66 posts surprise profit on higher refining margins

Phillips 66 posted a surprise first-quarter adjusted profit on Wednesday, as strong refining margins and higher capacity utilization helped the company offset the impact of

Phillips 66 posts surprise profit on higher refining margins
Business|Economy|MidEast|Political|World

UAE reviewing multilateral ties after OPEC exit but rules out more departures, official says

The United Arab Emirates is reassessing its role and contributions across multilateral organisations but is not considering any further withdrawals at this time, a UAE

UAE reviewing multilateral ties after OPEC exit but rules out more departures, official says
Business|Economy|World

Spot crude premiums ease from record highs despite Hormuz closure

Spot premiums for physical crude have slipped from record highs reached earlier during the Iran war as refiners are

Spot crude premiums ease from record highs despite Hormuz closure
Business|Economy|Finance|World

Dollar gets safe-haven tailwind ahead of Fed decision 

The dollar rose on Wednesday as investors awaited a closely watched Federal Reserve rate decision - likely to be Chair Jerome

Dollar gets safe-haven tailwind ahead of Fed decision 
Business|Economy|Environment|Political|World

Trump meets with oil executives as Iran stalemate drags on, Axios reports

U.S.

Trump meets with oil executives as Iran stalemate drags on, Axios reports
Business|Economy|Technology|World

Taiwan's UMC sees headwinds, but predicts resilient demand and will raise prices

Taiwanese chipmaker UMC said on Wednesday that it continues to see resilient market demand despite headwinds from memory chip supply shortages and the impact of the Iran

Taiwan's UMC sees headwinds, but predicts resilient demand and will raise prices
Economy|Finance|World

What the Fed has seen about the war's impact on the economy so far

Federal Reserve officials last met just over two weeks into the U.S.-led war on Iran and then had little data at their disposal beyond surging gasoline prices to

What the Fed has seen about the war's impact on the economy so far
Business|Economy|Finance|Stock Markets|World

Brent hits one-month high on concerns over prolonged Hormuz disruption

Oil prices rose almost 4% on Wednesday, with the Brent contract hitting a one-month high, after a media report said that the U.S. will

Brent hits one-month high on concerns over prolonged Hormuz disruption
Business|Economy|Europe|Finance|World

Inflation up in three German states in April, pointing to national increase

Inflation rose in three key German states in April, preliminary data showed on Wednesday, suggesting Germany's national inflation rate could increase

Inflation up in three German states in April, pointing to national increase
Business|Economy|Europe|Finance|Stock Markets|World

Euro zone economic confidence plunges, price pressures soar

Euro zone economic sentiment plunged to a three-and-a-half-year low this month as the Iran war hit the services sector hard and inflation continued to

Euro zone economic confidence plunges, price pressures soar
Business|Economy|Finance|Stock Markets|US|World

US companies project resilience even as Iran war risks mount

Top American companies from GM to Coca-Cola are trying to reassure investors they can weather the financial fallout from the Iran war, even as surging fuel and

US companies project resilience even as Iran war risks mount
Business|Economy|Environment|Political|World

Trump approval sinks to new low as war with Iran drives cost-of-living concerns

President Donald Trump's approval rating sank to the lowest level of his current term, as Americans increasingly soured on his handling of the cost of

Trump approval sinks to new low as war with Iran drives cost-of-living concerns
Business|Economy|Political|World

UAE leaves OPEC in blow to global oil producers' group

The United Arab Emirates on Tuesday said it was quitting OPEC, dealing a blow to the oil producers' group as an unprecedented energy crisis caused by the

UAE leaves OPEC in blow to global oil producers' group
Business|Economy|Environment|Finance|Stock Markets|US|World

BP's profit more than doubles as US gas prices hit the highest point since the start of war in Iran

BP’s profit more than doubled in the first quarter as the war in Iran drove energy prices sharply higher

BP's profit more than doubles as US gas prices hit the highest point since the start of war in Iran
Business|Economy|Finance|World

US single-family home prices unchanged on monthly basis in February, FHFA says

U.S. single-family house prices were unchanged on a monthly basis in February, but elevated mortgage rates as the war with Iran continues could keep the dream of

US single-family home prices unchanged on monthly basis in February, FHFA says
Business|Economy|Finance|Stock Markets|World

JetBlue plans capacity cuts, fare hikes as high fuel costs widen quarterly loss

JetBlue Airways said on Tuesday it plans to slow hiring, cut capacity and hike fares to soften the blow from soaring jet fuel costs after

JetBlue plans capacity cuts, fare hikes as high fuel costs widen quarterly loss
Business|Economy|Europe|Food

Iran war yet to push up UK grocery prices, says Worldpanel

British grocery inflation eased to 3.8% in the four weeks to April 19 from 4.3% in the previous period, data from Worldpanel by Numerator showed on Tuesday,

Iran war yet to push up UK grocery prices, says Worldpanel
Asia|Business|Economy|Technology|World

Toyota suppliers feeling profit pressure from Iran war

Japanese parts suppliers to automakers including Toyota face mounting cost and supply uncertainties due to the Iran war, warning that oil-related

Toyota suppliers feeling profit pressure from Iran war
Asia|Business|Economy|World

South Korea's central bank cites war uncertainty in cautious approach, minutes show

South Korea's monetary policy board said a cautious, wait-and-see approach is appropriate for now as heightened uncertainty from the Iran war warrants more monitoring of

South Korea's central bank cites war uncertainty in cautious approach, minutes show
Business|Economy|Europe|Finance|World

Euro zone banks tighten access to credit as Iran war bites: ECB survey

Euro zone banks tightened access to credit in the three months to March and expect to continue doing so this quarter as the war in Iran pushes up energy prices and

Euro zone banks tighten access to credit as Iran war bites: ECB survey