Mauritius and South Sudan curb power use as fuel shock spreads across Africa
South Sudan has begun rotational power cuts in Juba and Mauritius says it is restricting electricity use after a fuel supply shock tied to the Iran war.
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389 reports.
Cosco resumes some Gulf bookings as Iran grants safe passage to non-hostile ships
The Chinese shipping giant is restarting some container bookings to Gulf destinations after a pause, though the move is limited and tied to a volatile security situation.
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Dubai gold prices rebound after 15-day slide as buyers react to diplomacy hopes
Gold prices in Dubai rose sharply on March 25 after a 15-day decline, with the move linked to expectations around possible diplomacy on the Iran war.
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BMW recalls nearly 180,000 vehicles in China over air-conditioning wiring fire risk
China’s market regulator says a wiring fault in certain BMW models could cause short circuits and fires, prompting a major recall across domestically made and imported vehicles.
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QatarEnergy declares force majeure on some LNG contracts after Iran war disruptions
QatarEnergy has invoked force majeure on some long-term LNG contracts after disruptions linked to the war on Iran and damage to its gas infrastructure.
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EU and Australia seal free trade deal after eight years of talks
The agreement comes with a new defense partnership and sets out tariff changes for wine, seafood, horticulture and red meat.
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Slovenia caps daily fuel purchases as cross-border demand strains supplies
The country has become the first EU member state to ration fuel, limiting private motorists to 50 litres a day and tightening controls on retailers.
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U.S. awards contracts for first 45.2 million barrels from strategic reserve loan program
The U.S. Energy Department has awarded contracts for the first batch of oil loans from the Strategic Petroleum Reserve, moving 45.2 million barrels under a wider market-stabilisation plan.
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U.S. Temporarily Loosens Sanctions on Iranian Oil at Sea to Ease Price Pressure
Treasury Secretary Scott Bessent said the waiver could bring about 140 million barrels to market as Washington tries to calm surging energy prices.
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US jury finds Musk liable for two misleading Twitter deal posts
Jurors rejected part of the shareholder case but found two May 2022 tweets violated securities rules during Elon Musk's $44 billion takeover.
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KLM keeps Gulf route suspensions in place until May 17 amid safety concerns
KLM is extending cancellations on flights to Dammam, Dubai and Riyadh, joining a broader wave of airlines that are keeping Gulf operations suspended during the Iran war.
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Aramco restarts Ras Tanura after precautionary shutdown following drone strike
The Kingdom's largest refinery was back online after a shutdown described as a precaution after a drone strike.
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Sri Lanka orders four-day week as fuel shortages tighten across South Asia
Authorities are trying to conserve shrinking stocks as the Strait of Hormuz crisis leaves the island with weeks, not months, of breathing room.
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Lufthansa pilot union calls 48-hour strike over pensions, threatening major German flight disruption
The cockpit union’s sudden strike call covers all Lufthansa departures from German airports on Thursday and Friday, forcing the airline into a reduced schedule.
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US eases sanctions on Russian oil cargoes already at sea
Washington has issued a temporary licence allowing certain Russian oil shipments loaded before March 12 to be delivered and sold until April 11.
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Dow Jones Industrial Average and S&P 500 rises after United States president Donald Trump says that the war
A dated account of the business development, based strictly on reporting from CNBC and Semafor.
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U.S. oil breaks above $100 as traders price in wider Middle East escalation
Crude has crossed the $100 mark again after comments from Trump and fresh Houthi attacks renewed fears of a broader supply shock.
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South Korea Moves to Backstop Markets With ₩100 Trillion Fund
South Korea activated a 100 trillion won, or about $68 billion, market-stabilization fund to steady volatility triggered by the worsening Middle East crisis.
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Air France suspends Havana flights as Cuba fuel shortage deepens
Air France will stop flying to Havana from March 29 until at least June 15, joining other carriers affected by Cuba’s severe jet-fuel shortage.
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Western Cuba blackout leaves millions without power after plant shutdown
A shutdown at the Antonio Guiteras plant caused a major blackout across western Cuba, cutting power to Havana and millions of others.
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West Asia airspace closures force airlines to divert and suspend services
Restrictions spanning Iran, Israel, Iraq and several Gulf states disrupted regional aviation, prompting carriers to alter routes and warn passengers to verify schedules.
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South Korea’s Kospi crosses 6,000 for the first time
South Korea’s benchmark Kospi index moved above 6,000 shortly after the market opened in Seoul.
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Meta and AMD agree on major chips supply deal
AFP reported that Meta has reached an agreement to buy millions of chips from AMD in a major partnership.
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Panama takes control of canal ports after court voids Hutchison concession
The takeover puts the Balboa and Cristóbal terminals in Panamanian hands and deepens a dispute already tied to US-China rivalry.
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