Bloomberg

Bloomberg

US strike on Iran's Kharg Island risks further disruptions to oil supply

With Kharg Island handling most of Iran's crude exports, any disruption could intensify oil market volatility already driven by supply losses through the Strait of Hormuz

Updated On: 14 Mar 2026 | 9:42 AM IST

US withdraws draft rule that called for permits for global AI chip exports

The now-abandoned Trump administration proposal would have carved out a significant role for the Commerce Department's licensing office to conduct case-by-case reviews of AI chip exports

Updated On: 14 Mar 2026 | 8:50 AM IST

Trump ally Pirro's defiant streak on display in case against Fed's Powell

US Attorney Jeanine Pirro vowed to appeal a ruling blocking subpoenas tied to Fed Chair Jerome Powell, despite fears a prolonged legal fight could delay confirmation of Kevin Warsh as Fed chief

Updated On: 14 Mar 2026 | 8:41 AM IST

US begins emergency oil reserve release of 86 mn barrels amid W Asia crisis

The release is part of a 400 million barrel effort coordinated with other nations aimed at prices that have climbed dramatically since the US-Israel invasion of Iran

Updated On: 14 Mar 2026 | 8:40 AM IST

US slated to receive $10 billion fee from investors for TikTok deal

The new entity, known as TikTok USDS Joint Venture LLC, will be responsible for moderating content on TikTok and protecting the data of US users

Updated On: 14 Mar 2026 | 8:14 AM IST

US judge blocks subpoenas targeting Fed chair Powell; DOJ plans to appeal

US judge James Boasberg blocked subpoenas targeting Fed Chair Jerome Powell over HQ renovations, citing no evidence and an improper retaliatory motive

Updated On: 14 Mar 2026 | 7:05 AM IST

US bombs military targets on Iran's Kharg Island as war escalates

Trump said American forces executed one of the most powerful bombing raids in the History of the West Asia, including destroying military targets on Kharg Island

Updated On: 14 Mar 2026 | 6:45 AM IST

Fuel shortages caused by Iran war begin to threaten global food supply

Farmers worldwide face fuel shortages that threaten diesel-powered planting, irrigation and fishing, as energy supply shocks from the Iran war risk pushing up food costs and global inflation

Updated On: 14 Mar 2026 | 6:39 AM IST

China approves first brain-computer interface product for commercial use

The firm is among a wave of Chinese startups building technologies that allow people to control computers or other electronic devices using only their minds

Updated On: 13 Mar 2026 | 10:39 PM IST

Iran's new supreme leader 'wounded, likely disfigured', says Hegseth

"We know the new so-called, not-so-supreme leader is wounded and likely disfigured," Hegseth told a press conference

Updated On: 13 Mar 2026 | 9:05 PM IST

Iran war spurs work-from-home calls, fuel-saving measures in Southeast Asia

With inflation also accelerating in parts of Southeast Asia, policymakers are acting to rein in consumption as the price surge threatens additional strain

Updated On: 13 Mar 2026 | 1:39 PM IST

Pak PM pledges 'solidarity, support' to Saudi Arabia amid ongoing Iran war

Pak PM's solidarity pledge came during his Saudi visit, part of Islamabad's efforts to engage Tehran and Jeedah and de-escalate regional tensions

Updated On: 13 Mar 2026 | 12:26 PM IST

US waiver frees up 19 million barrels of Russia oil for purchase

The crude is being carried on 25 vessels, with grades such as Sokol on ships near China. There's also a number of tankers in the Arabian Sea that are mainly loaded with the medium-sour Urals blend

Updated On: 13 Mar 2026 | 11:44 AM IST

Japan, Asia-Pacific nations to pledge $30 bn energy, mineral deals with US

The deals will take the form of purchase commitments and other transactions spanning a range of products and sectors, including coal, oil, liquefied natural gas and nuclear power

Updated On: 13 Mar 2026 | 10:06 AM IST

West Asia conflict disrupts India's kitchens, clouds its tech ambitions

Gas shortages triggered by the West Asia conflict are disrupting kitchens, restaurants and small industries in India, exposing the country's fragile LNG-dependent energy system

Updated On: 13 Mar 2026 | 9:25 AM IST

Adobe CEO Shantanu Narayen to step down amid investor concerns over AI

The maker of Photoshop and other products for creative arts professionals is among a group of application software companies, seen as struggling to win in face of AI startups

Updated On: 13 Mar 2026 | 8:35 AM IST

China's BYD considering to building cars in Canada, buying out rivals

The Shenzhen-based automaker is studying the Canadian market for a potential manufacturing facility, although no decision has been made, Executive Vice President Stella Li said

Updated On: 13 Mar 2026 | 8:26 AM IST

Apple lowers app store cut in China in move to fend off local regulators

The company said that its commission is changing from 30 per cent to 25 per cent for its mainland China App Store

Updated On: 13 Mar 2026 | 8:21 AM IST

Unilever plans to boost CEO pay, overhaul incentives to attract US talent

In 2026, if CEO Fernando Fernández hits the top performance target, his pay could exceed $21 million; if Unilever's share price also rises 50%, his compensation may surpass $26 million

Updated On: 13 Mar 2026 | 8:07 AM IST

Iran weakened by strikes but regime change not guaranteed: Netanyahu

The Israeli premier asserted that the war was inevitable once Iran accelerated efforts to revive its nuclear and missile programs following the June 2025 conflict

Updated On: 13 Mar 2026 | 7:48 AM IST