Geopolitical tensions in the Middle East following strikes on Iran have driven oil prices up nearly 20%, affecting inflation, interest rates, and global stock markets. Experts warn of prolonged effects on pensions and investments.
Stock markets worldwide continued their sharp decline on Wednesday, with South Korea's Kospi index plunging over 11%, despite former President Donald Trump's proposal for US Navy escorts through the disrupted Strait of Hormuz. Oil prices surged as shippin
Asian shares extended losses on Wednesday amid a global sell-off, with oil prices climbing higher due to escalating conflict with Iran, raising inflation and economic growth concerns.
Burger King president Tom Curtis takes a theatrical giant bite of the revamped Whopper, widely seen as a jab at McDonald's CEO Chris Kempczinski's small nibble of the new Big Arch burger.
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European and US stock markets plunged sharply on Tuesday as escalating Middle East conflict disrupted supplies, sending oil and gas prices soaring and triggering a widespread financial sell-off.
Global stock markets, including the FTSE 100, tumbled as Middle East tensions drove oil prices higher, raising inflation concerns and overshadowing the UK's spring statement.
Greggs has attributed price hikes on sausage rolls and lattes to increased employment costs driven by Labour's National Insurance changes and minimum wage rises, as profits fell nearly 18%.
BrewDog will close 38 UK bars despite a £33m rescue by Tilray Brands, resulting in 484 redundancies. The US firm acquired 11 venues and key assets, leaving crowdfund investors empty-handed.
Stock markets worldwide, including the FTSE 100 and Asian indices, slump as oil and gas prices soar due to escalating Middle East tensions, reducing hopes for UK interest rate cuts.
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Brent crude hits a one-year high above $81 a barrel, while the FTSE 100 tumbles over 2% as Iran blocks the Strait of Hormuz, sparking fears of prolonged economic disruption.
Geopolitical conflict in the Middle East drives oil prices above $80, triggering stock market declines and raising inflation concerns for UK households.
Asian shares mostly declined on Tuesday, with oil prices surging due to concerns over energy supply disruptions from the Iran war, impacting markets from Japan to Australia.
Qantas faces accusations of deceptive practices for continuing to sell flights to Dubai and Abu Dhabi despite airspace closures following US-Israel airstrikes on Iran.
Legendary investor Warren Buffett's consistent stock sales at Berkshire Hathaway, amassing a $373bn cash pile, may warn of high market valuations and potential economic ripple effects.
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US stock indexes recovered from early losses on Monday as investors monitored the Iran conflict, with tech stocks like Nvidia rising while travel shares fell. Global gas prices surged up to 50% after Iranian attacks disrupted energy supplies.
Major luxury brands including Gucci owner Kering have temporarily closed stores across the Middle East as escalating conflict disrupts business and travel in the region.
European stocks, including the FTSE 100, fell sharply due to fears over US-Israeli strikes on Iran, impacting oil prices, travel stocks, and safe-haven assets.
Global markets reacted sharply as oil prices jumped over 6% and stocks declined following a Middle East conflict, raising inflation fears and impacting sectors like airlines and consumer spending.
British Airways owner IAG leads FTSE 100 losses as global markets react to US strikes on Iran, with oil and gold prices surging while stocks plummet.
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The US dollar strengthens against major currencies due to Middle East tensions and rising oil prices, with central banks like the SNB and BoJ responding to market volatility.
The US dollar rose sharply against major currencies on Monday, driven by safe-haven demand and higher oil prices following US and Israeli strikes in Iran. Investors are monitoring the Strait of Hormuz and economic impacts.
London's FTSE 100 opened lower, dropping over 1% initially, as drone strikes in Cyprus and escalating Iran-US-Israeli tensions spook investors. The pound hits a multi-month low against the dollar.
Global oil prices soared and financial markets declined sharply as escalating military strikes across the Middle East and attacks on shipping lanes sparked fears of energy supply disruptions.
Global markets plunged as US and Israeli attacks on Iran rattled investors, sending US futures down over 1%, Asian shares lower, and oil prices soaring amid supply fears.
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Motorists face record fuel costs and economists warn of recession risks as Iranian reprisals force near-closure of the Strait of Hormuz, a key global oil and gas transit route.
Dutch ethical chocolatier Tony's Chocolonely pledges not to reduce chocolate bar size despite soaring cocoa costs, criticising industry shrinkflation and advocating for farmer investment.
The Golden Lion in Port Isaac, famous as the Crab & Lobster in Doc Martin, has shut suddenly. Management cites Labour's minimum wage increases and hospitality cost pressures as key factors in the closure.
The Kuwait Stock Exchange has suspended trade indefinitely due to 'exceptional circumstances' as US-Israel strikes on Iran threaten to disrupt oil supplies, potentially pushing crude prices above $80 a barrel and causing global market volatility.
Investors are shifting to 'Halo' companies with heavy assets and low obsolescence, such as energy grids and utilities, pushing UK and EU stock markets to record levels amid AI disruption fears.
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A viral TikTok trend has driven unprecedented demand for cottage cheese, leading Graham's Family Dairy to invest £3.5 million and double production in Fife.
