Stock markets in Asia and Europe tumbled sharply as Donald Trump threatened Iran, sparking fears of an energy crisis and higher oil prices, with gold sliding and economic turmoil looming.
Donald Trump's threat to destroy Iran's power plants triggers a sharp sell-off in Asia-Pacific markets, with major indices falling amid fears of escalating conflict and inflation pressures.
Financial markets worldwide experience sharp declines as tensions over the Strait of Hormuz intensify, with oil prices surging and global recession fears mounting.
Sports nutrition firm Applied Nutrition reports 77.1% profit surge to £20.9 million but warns Middle East sales will be affected by Iran conflict disruption to shipping routes.
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South Korea's Kospi dropped 5% and Asian shares fell sharply after U.S. and Iran threatened critical infrastructure amid the ongoing war, impacting global financial stability.
US stock markets fell for a fourth consecutive week as the US-Israel war on Iran drives up oil prices, with the Russell 2000 entering correction territory and major indices showing significant losses.
US car buyers show increased interest in electric vehicles as gas prices hit a three-year high due to the Iran conflict, with online searches for EVs up by 20%.
California's Napa Valley, home to over 400 wineries, faces a severe downturn as shifting tastes and generational changes impact sales. Small producers innovate to survive amid layoffs and export challenges.
The Nasdaq fell into correction territory as escalating Iran-Israel conflict drives oil price surge and investor flight to safety, with Fed warning of economic uncertainty.
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The FTSE 100 dropped 3.3% over the week, with oil majors BP and Shell declining. Airline stocks showed resilience despite geopolitical risks in the Middle East affecting global markets.
Major UK investment platform Hargreaves Lansdown apologises after widespread IT issues left customers unable to access accounts during significant financial market turbulence.
The FTSE 100 briefly fell below 10,000 after Iran struck Qatar's Ras Laffan LNG complex, raising fears over inflation if oil stays above $100 a barrel.
A new dual-brand restaurant combining Applebee's and IHOP has opened in New York, aiming to attract customers back to two iconic American dining chains facing declining popularity.
Fish and chip shop owners report declining sales as weight loss medications reduce customer appetites, forcing smaller portions and impacting potato farmers with surplus crops.
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JD Wetherspoons warns rising labour, tax, and energy costs will depress profits and fuel UK inflation, but pledges to keep price increases minimal despite financial pressures.
Oil prices have fallen back to around $107 per barrel after a volatile surge, while Asian shares show mixed results as the Iran war fuels global energy supply and inflation concerns.
Americans are cutting back on expensive beef, causing steakhouses and casual dining chains to struggle. Darden Restaurants finds success with LongHorn Steakhouse, which boosted sales despite rising beef prices.
The FTSE 100 dropped 2.4% as rising oil prices and geopolitical tensions in Iran rattled markets, with gold miners among the worst performers. Central banks held rates steady, while the WTO warned of trade slowdowns.
The Federal Reserve maintains current interest rates, citing economic stability despite ongoing geopolitical tensions with Iran. Markets react cautiously as inflation concerns linger.
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Global markets plunged as oil and gas prices surged overnight following an Israeli attack on Iran's South Pars gas field and Iranian retaliation on Qatar's LNG terminal, with President Trump issuing threats.
Asian shares retreated sharply after Wall Street slumped and oil prices surged above $111 a barrel, driven by Middle East tensions and inflation fears.
Renowned chef Neil Perry warns Australians may soon pay $12 for coffee due to wage increases, inflation, and global supply chain pressures. Current average price is $5.50.
London's FTSE 100 closed down 0.9% as escalating Iran conflict sent Brent crude soaring above $108, triggering fears of a supply crisis ahead of the US Fed decision.
Pawnbroker Ramsdens has upgraded its annual profit forecast to at least £24 million, driven by an 18% increase in pawnbroking lending and high gold prices boosting demand for jewellery loans.
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Ramsdens pawnbroker raises annual profit forecast to £24-28 million, driven by an 18% loan book growth and strong jewellery sales amid record gold prices.
Britain's second-largest pub group, Greene King, is planning to sell 150 managed sites, close 20, and convert 150 to tenanted pubs amid cost pressures and changing consumer habits.
DiDi has increased prices for Australian customers to offset rising petrol costs linked to the US-Israel war on Iran, with other companies like Uber and Australia Post considering similar measures.
HelloFresh reports a 12% drop in orders and over 100 million fewer meals delivered last year, with revenue falling 11% amid post-pandemic market shifts and cost-of-living pressures.
Oil prices have declined after Iraq struck a deal with Turkey to resume exports, bypassing the Strait of Hormuz. However, supply concerns persist as production remains low.
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Ramsdens pawnbroker upgrades profit forecast as consumers cash in jewellery amid soaring gold prices, with lending hitting record levels and geopolitical uncertainty fueling demand.
