Bloomberg

Bloomberg

India sees power demand surge to a record, adding to energy crisis

The war in the West Asia, now in its third week, has roiled energy markets, cutting off flows of crude and liquefied natural gas to the world and driving up prices

Updated On: 16 Mar 2026 | 3:39 PM IST

EU considers redirecting Red Sea naval mission to protect Strait of Hormuz

The EU operation in question is Aspides, which was launched in 2024 after the Houthis attacked shipping vessels in the Red Sea

Updated On: 16 Mar 2026 | 3:04 PM IST

Currency bears beware: Asia's central banks step in to stabilise markets

RBI also intervened in onshore and offshore markets, buying ₹1 trillion ($11B) in bonds on March 6 to curb rupee losses

Updated On: 16 Mar 2026 | 2:02 PM IST

Gulf economies at risk of worst slump since early 1990s on Iran war

Qatar and Kuwait could each see their gross domestic product contract by 14% this year should the conflict continue through April

Updated On: 16 Mar 2026 | 12:29 PM IST

Bitcoin climbs in Asia as traders grapple with uncertainty in West Asia

Bitcoin has weathered the war with Iran, which broke out at the end of February, better than many traditional assets

Updated On: 16 Mar 2026 | 11:27 AM IST

Saudi offers Red Sea route for oil buyers as Hormuz crisis persists

Saudis have a 5 million barrel-a-day pipeline that runs across the country to the Red Sea, although export capacity at Yanbu may be smaller than that

Updated On: 16 Mar 2026 | 11:26 AM IST

US says Iran war-driven oil reserve release will be structured as exchange

Countries around the world are planning releases from strategic oil reserves as the war in West Asia chokes supply and sends fuel prices soaring

Updated On: 16 Mar 2026 | 9:38 AM IST

Trump leaves allies, adversaries guessing on endgame for Iran war

Trump administration is planning to announce as soon as this week that multiple countries have agreed to form a coalition to escort ships through the corridor

Updated On: 16 Mar 2026 | 9:34 AM IST

Wild weather disrupts flights, dumps snow, and knocks out power in US

Heavy snow touched off blizzard warnings from South Dakota to Michigan's Upper Peninsula on Sunday, the National Weather Service said

Updated On: 16 Mar 2026 | 9:28 AM IST

Ozempic patent expiry set to trigger weight-loss drug boom in India

India is the first major country after Canada where Novo is losing patent on semaglutide and will see an onslaught of generic versions

Updated On: 16 Mar 2026 | 9:25 AM IST

Gold wavers near $5,000 as West Asia war fuels market uncertainty

Gold steadied after dropping for a second straight week, under pressure from rising energy prices and inflationary concerns arising from the US-Israeli war with Iran

Updated On: 16 Mar 2026 | 9:17 AM IST

Aluminium nears $3,500 a tonne as major smelter slashes output in West Asia

The West Asia accounts for some 9 per cent of the world's aluminum output, and Alba's cuts add to other reductions that have stoked supply fears

Updated On: 16 Mar 2026 | 9:06 AM IST

Honda's costly EV gamble raises questions about automaker's future

Long known for spunky and innovative vehicles, Honda has had trouble in recent years living up to that reputation, nowhere is that more the case than in the US, by far its largest revenue generator

Updated On: 16 Mar 2026 | 9:03 AM IST

China economy shows surprise rebound before West Asia war disruptions

Industrial production climbed 6.3% in the January-February period from a year ago, its fastest growth since September and up from 5.2% in December

Updated On: 16 Mar 2026 | 8:59 AM IST

India walks diplomatic tightrope between Iran and US as war bites economy

India's Brics presidency faces an early challenge as Iran seeks condemnation of US-Israel strikes, while fellow members Saudi Arabia and the UAE, targets of Iranian attacks, complicate consensus

Updated On: 16 Mar 2026 | 8:46 AM IST

Oil market set for tumultuous week on rising West Asia conflict risks

Asian nations seeking US energy to reduce reliance on West Asia

Updated On: 15 Mar 2026 | 10:17 PM IST

Trump rejects deal with Iran on current terms as West Asia war escalates

Trump also called on other countries to send warships to keep open the waterway through which about a fifth of the world's oil exports flow

Updated On: 15 Mar 2026 | 2:03 PM IST

From Fed to BOJ, global central banks brace for fallout from Iran war

Interest-rate bets that fully anticipated easing in the US have eroded, while possible hikes in the UK and euro zone later in the year are now being priced in

Updated On: 15 Mar 2026 | 9:03 AM IST

JPMorgan moves to offload over $30 bn in LBO debt amid market jitters

JPMorgan Chase & Co. is gearing up to help issuers sell billions of dollars in junk bonds and leveraged loans, with deals to fund the buyouts of Electronic Arts Inc and Sealed Air Corp

Updated On: 15 Mar 2026 | 8:28 AM IST

War pollution from Iran conflict may spread widely and last decades

Missiles and bombs contain heavy metals and other toxic pollutants, which are released into the air, soil and water when they explode and crash, lingering often for decades

Updated On: 15 Mar 2026 | 8:09 AM IST