Economy

Economy
Economy

Is AI speeding up war? How US struck 2,000 Iran targets in 4 days

Artificial intelligence is increasingly shaping how modern wars are fought. In recent US military operations linked to the conflict involving Iran, Washington said it struck more than 2,000 targets in just four days. That pace would have been difficult to sustain in earlier conflicts, when military intelligence had to be reviewed manually across multiple command

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Economy

US attacks Kharg Island: why this oil chokepoint could play the decider?

The war with Iran has already shaken oil markets, but the latest US strike on Kharg Island reveals something deeper about how this conflict may unfold. The island is not just another military target in the Persian Gulf. It is the point where Iran’s economy connects to the global oil system. Washington hit military installations

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Economy

From Kolkata to Lucknow, Hormuz blockade fuels LPG crisis for eateries

How does grabbing a chicken roll in Kolkata—a city famed for its vibrant culinary heritage—connect to the US-Israel-Iran war raging in the Middle East? Surprisingly, it does—a lot. Samir Ray, who runs a bustling fast-food stall serving hundreds daily, told Invezz he may soon have to shut down amid India’s worsening LPG cylinder shortage, directly

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Economy

Altaf Kassam: US stocks may not ‘snap-back’ after the Iran war

As the conflict in the Middle East continues to roil global markets, investors are searching for signs of a turnaround. However, today on CNBC, Altaf Kassam – EMEA Head of Investment Strategy and Research at State Street Global Advisors – provided a sobering reality check. While historical precedents suggest that markets often rally before a

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Economy

Adobe drops as Narayen exit and AI worries overshadow earnings beat

Shares of Adobe fell sharply by 8% in premarket trading on Friday after the software company said long-time chief executive Shantanu Narayen would step down, triggering investor concern at a time when the industry is also grappling with rapid changes brought about by artificial intelligence. While the fiscal first quarter results largely beat estimates, the

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Economy

DOT eyes $1.76 as ETF records first inflow: Check forecast

Polkadot (DOT) is in the red while other major cryptocurrencies are rallying. The coin is down by less than 1% in the last 24 hours and now trades at $1.524. It is approaching a key resistance zone, where a breakout could trigger a rally. The rally could be fueled by growing institutional demand for Polkadot

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Economy

Dow futures edge up as oil surge, PCE inflation data weigh on markets

US stock index futures edged higher in choppy trading on Friday as investors awaited key economic data on growth and inflation, while escalating tensions in the Middle East continued to push oil prices higher and cloud the outlook for global markets. Futures tied to the Dow Jones Industrial Average rose 135 points, or about 0.29%,

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Economy

UK economy stalls as oil surge raises inflation and recession fears

The UK economy unexpectedly stalled in January, raising concerns about the country’s ability to withstand a sharp rise in energy prices triggered by the escalating conflict in the Middle East. Data released by the Office for National Statistics showed that gross domestic product remained flat in January, with 0% growth, compared with December, when the

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Economy

Token2049 Dubai postponed as Middle East tensions disrupt crypto travel

The Dubai edition of Token2049, one of the world’s largest crypto industry conferences, has been postponed as regional tensions continue to disrupt international travel across the Middle East. Organisers confirmed on Friday that the event, originally planned for April 29-30 in Dubai, will now take place on April 21-22, 2027. The decision comes as the

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Economy

US waiver frees hefty Russia oil supply to Asia for now; prices dip 2%

The United States issued a 30-day waiver for countries to buy sanctioned Russian oil and petroleum products stranded at sea, drawing criticism from Germany and other European allies on Friday, but approval from Moscow. The waiver, which will last till April 11, according to US Treasury Secretary Scott Bessent, was intended to stabilise global energy

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