World Business NewsGulf stock markets traded little changed as US-Iran clashes intensified, disrupting shipping near the Strait of Hormuz. Saudi and Qatar edged up, while Egypt slipped amid a wider current account deficit.
World Business NewsThe US launched another round of strikes on Iran as Tehran said it closed the Strait of Hormuz again after targeting a container ship. The standoff disrupts Gulf shipping and raises retaliation warnings.
Telecom operator exits 16.21% holding as Xavier Niel-backed company agrees to buy shares at a premium
Washington revokes licence allowing Iranian oil sales as Qatar says LNG tanker Al Rekayyat was hit by a drone; oil prices rise more than 3%
TechCompany says layoffs equal 2.1% of global workforce, with gaming restructuring to include studio divestments as AI spending pressures margins
World Business NewsGulf crude and condensate exports jumped to 10.07–10.2m bpd in June as shipping through the Strait of Hormuz recovered after a US-Iran ceasefire. UAE and Saudi led gains, though volumes stayed far below a year ago.
World Business NewsGlobal stocks were on track for their strongest weekly gain in two months after US jobs growth cooled, lifting risk sentiment and pushing back Fed tightening expectations while gold rose.
New five-year energy plan raises wind and solar generation target to 30%, while analysts say renewable goals remain conservative against recent growth
World Business NewsBrent futures rise 14 cents, or 0.19%, to $73.09, US WTI crude rises 11 cents, or 0.16%, to $69.61 a barrel
World Business NewsApple asks CCI to quash findings in its biggest India antitrust case, saying it is a “minuscule player” despite watchdog probe finding “abusive conduct” by the company.
World Business NewsBullion drops 12.7% in June, while silver, platinum and palladium also face monthly and quarterly losses
World Business NewsNikkei set for record quarterly gain, KOSPI up nearly 65% in second quarter; gold heads for biggest quarterly fall in over a decade