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Damage caused by the US’s war against Iran will continue to have a negative impact on the global economy even if hostilities end soon, according to European Central Bank Governing Council member Fabio Panetta.
Volvo Car AB said the war in Iran hurt US demand in the first quarter, offering one of the clearest signs yet that the conflict is starting to dent sales as higher fuel prices curb spending.
A relentless selloff in Pop Mart International Group Ltd. shares is showing little sign of bottoming out as skepticism deepens over the toymaker’s Labubu-led growth.
European Central Bank Executive Board member Piero Cipollone sees “good momentum” for a digital euro, with a possible launch in July 2029.
New Zealand has signed a defence and security declaration with the Cook Islands, repairing a relationship strained when the tiny South Pacific nation entered a strategic agreement with China.
The Politics feed is a feed that covers daily news on US politics.
Countries across Asia are jockeying for leverage and adopting splintering approaches as they respond to US President Donald Trump’s call to open the Strait of Hormuz by themselves, amid mounting economic disruptions.
For years, 4iG Nyrt has been a crown jewel of Viktor Orban’s economy, a sprawling telecoms and defense powerhouse with a soaring stock price. But now the shares are plunging and sending perhaps the clearest signal yet that investors are preparing for the end of the Hungarian prime minister’s 16-year reign.
Africa’s richest city, Johannesburg, is grappling with worsening water shortages as aging infrastructure and supply constraints strain the system. Mayoral candidate Helen Zille tells Bloomberg's Jennifer Zabasajja that fixing the city’s failing network would be one of her top priorities. "The current crisis is not a supply crisis, it's a maintenance crisis," she says. (Source: Bloomberg)
The United Arab Emirates called on the United Nations to authorize a range of measures, including force, to reopen the Strait of Hormuz as Persian Gulf countries pressure Iran to restore free passage along the vital global energy corridor.
South Korean President Lee Jae Myung urged citizens to “save every drop of fuel,” ramping up an official call for energy conservation as the deepening Iran conflict hits the energy-importing nation hard, straining households and businesses.
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Here is the feed from the Bloomberg economics page with articles on global economics news.
The Swiss franc hasn’t been playing its traditional haven role of late, even as the war in Iran keeps geopolitics fraught. Options trading suggests the anomaly won’t last.
European Central Bank Executive Board member Piero Cipollone sees “good momentum” for a digital euro, with a possible launch in July 2029.
It’s premature to say what the European Central Bank should do at next month’s interest-rate meeting as the situation around the Iran war is moving by the day, according to Governing Council member Gediminas Simkus.
For years, 4iG Nyrt has been a crown jewel of Viktor Orban’s economy, a sprawling telecoms and defense powerhouse with a soaring stock price. But now the shares are plunging and sending perhaps the clearest signal yet that investors are preparing for the end of the Hungarian prime minister’s 16-year reign.
Switzerland’s inflation rate jumped in March to the quickest pace in a year as the energy supply crunch caused by the war in the Middle East stoked the cost of heating oil.
This feed is from the Opinions page of Bloomberg News
The war in the Persian Gulf is crystallizing crucial strategic trends, from the weaponization of maritime chokepoints to the use of AI as a vital military tool. Perhaps most important, it demonstrates how the spread of powerful, accurate missiles is changing warfare around the globe. The fight between Iran and its enemies will end at some point. But the age of the missile war has arrived.
Western carmakers have been paring back their electric-vehicle ambitions in response to weaker regulation and demand, leaving buyers wondering whether their next vehicle would come with a plug after all. Now these assumptions have been jolted by another unexpected shift: the surge in gasoline prices triggered by war in the Middle East.
In his ongoing frustration with the war against Iran, US President Donald Trump continues to lash out at America’s European allies. He called the North Atlantic Treaty Organization a “paper tiger,” and questioned the other members’ willingness to go to war alongside the US. He calls it a failed “test” that America is “going to remember.”
The aviation industry has a lot on its plate right now. Not only is it coping with multiple geopolitical conflicts that are reducing route options and sending jet fuel prices sky high, but it’s also navigating a complicated carbon offsetting scheme that may — or may not — become mandatory next year.
A month into the war in Iran, Britain finally sent a nuclear-powered submarine to the Arabian Sea. The only problem is that it can’t escort commercial shipping, provide air defense or maintain a visible presence in contested waters.