Powell says Fed can ‘wait and see’ how war affects inflation
CAMBRIDGE, Massachusetts — Federal Reserve Chair Jerome Powell on Monday said the US central bank can wait to see how the Iran war affects...
Oil could spike to $200 if Hormuz remains shut, Fesharaki warns
Oil may surge to $150 or $200 a barrel if the near-closure of the Strait of Hormuz persists over the next six to eight...
Thousands of US Army paratroopers arrive in Middle East as buildup intensifies
WASHINGTON — Thousands of soldiers from the US Army's elite 82nd Airborne Division have started arriving in the Middle East, two US officials told...
Unilever imposes global hiring freeze, citing Middle East war effects, memo says
LONDON — Dove soap maker Unilever has implemented a global hiring freeze "at all levels" that will last at least three months, citing the...
Trump issues new warning to Tehran, Iran calls US peace proposals ‘unrealistic’
TEL AVIV/WASHINGTON/ISLAMABAD — President Donald Trump warned on Monday that the US would obliterate Iran's energy plants and oil wells if Tehran does not...
Israel reports second attack from Yemen as Middle East conflict escalates
WASHINGTON/ISLAMABAD — The Israeli military said on Monday that Iran launched multiple waves of missiles at Israel, and an attack had also been launched...
WTO talks end in deadlock after Brazil blocks deal on e-commerce duties
YAOUNDE — World Trade Organization (WTO) talks ended deadlocked early on Monday as Brazil blocked a bid by the US and other countries to...
Myanmar junta chief nominated for presidential vote as transition looms
MYANMAR junta chief Min Aung Hlaing was nominated by a lawmaker on Monday for a parliamentary vote that will select the new president of...
China sanctions aide of Japan PM Takaichi for Taiwan trips
BEIJING/TOKYO — China imposed sanctions on Monday on Japanese lawmaker Keiji Furuya, a close aide to Prime Minister Sanae Takaichi, for what it called...
Iran war forces Asian economies to confront sliding currencies and surging oil
SINGAPORE — Policymakers in the Asia-Pacific region are facing their toughest test since the COVID-19 pandemic, with few easy options, as they race to cushion...
South Korea considers nationwide driving curbs as oil prices soar
SEOUL — South Korea is considering extending driving curbs to the general public if global oil prices climb further, senior officials said, as authorities...
China protests US alert over security rules change in Hong Kong
BEIJING — China's top diplomat in Hong Kong has met the senior US diplomat in the city to protest against a US public alert...