The Australian sharemarket opened sharply lower as renewed hostilities in the Middle East rattled investors, before recovering most of its losses by the close. Energy stocks surged on a jump in oil prices, while Telstra slid after a network outage sent its shares to their lowest level since February. SBS Finance Editor Ricardo Gonçalves speaks…
Cars News: Indian automotive manufacturers and suppliers are preparing for tighter European regulations on sustainability, product safety and environmental compl.
The European Union Aviation Safety Agency has advised airlines to avoid Iranian, Iraqi, and Lebanese airspace amid rising tensions and potential military actions following recent U.S.-Iran exchanges. This advisory replaces a previous one that included other Middle Eastern countries, highlighting the fragile U.S.-Iran ceasefire.
Renewed U.S.-Iran military strikes and attacks on commercial shipping near the Strait of Hormuz have lifted oil prices and reminded markets that geopolitical risks remain a major threat to global energy supplies.
The current airspace environment is forcing a rethink that goes beyond flight planning desks. It touches fleet composition, route selection, scheduling, crew rostering and ultimately the pace at which India’s airlines can profitably expand their long-haul international footprint, writes aviation expert and Managing Partner of aviation services firm AT-TV, Satyendra Pandey.
Oil-sensitive Indian stocks tumbled significantly after US airstrikes on Iran. Crude oil prices climbed as sanctions on Iranian sales were reinstated. These events reignited concerns over Middle East stability and potential supply disruptions. Shipping through the Strait of Hormuz remains vulnerable, impacting global energy supply routes. Analysts expect oil inventories to stay under pressure until…
Oregon’s attorney general seeks to pause Paramount’s $110 billion acquisition of Warner Bros over lobbying transparency concerns. A court order is requested to delay the merger, which is believed to impact the state’s film industry and economy. Paramount insists the transaction is lawful and competitive.