Bloomberg
Bloomberg
Bloomberg
HSBC considers 20,000 job cuts as AI drives overhaul of operations
Non-client facing roles in global service centres are among those expected to be most impacted although the assessment is at an early stage
 "HSBC considers 20,000 job cuts as AI drives overhaul of operations")
Brent crude touches $119 as attacks on Gulf energy spots hit supply
US crude prices surged above $100 a barrel after Politico reported the US will not implement an export ban
 "Brent crude touches $119 as attacks on Gulf energy spots hit supply")
US Fed proposes easing bank capital rules to free funds for lending
The Fed's Board of Governors will vote to formally propose the plan Thursday. The FDIC board is holding a concurrent meeting
 "US Fed proposes easing bank capital rules to free funds for lending")
UK, EU leaders say ready to 'contribute' for safe passage through Hormuz
The joint statement reflects growing concern that Iran's retaliatory attacks in response to US-Israeli bombardment threaten to stoke inflation and further disrupt global trade
 "UK, EU leaders say ready to 'contribute' for safe passage through Hormuz")
US may lift sanctions on 140 mn barrels of Iranian oil on the seas: Bessent
The US hasn't been targeting Iran's energy assets in the war, he said. With regard to Kharg Island, a key Iranian export hub, it mounted a "precision strike" against the military assets
 "US may lift sanctions on 140 mn barrels of Iranian oil on the seas: Bessent")
Too soon to judge war's impact, says Powell as inflation keeps Fed on hold
Fed's next move may ultimately be a hike, a possibility Powell acknowledged came up again in discussions this week - though that's not the base case for the majority of policymakers
 "Too soon to judge war's impact, says Powell as inflation keeps Fed on hold")
No plans to leave Fed until justice department investigation over: Powell
"I have no intention of leaving the board until the investigation is well and truly over, with transparency and finality," Powell said
 "No plans to leave Fed until justice department investigation over: Powell")
World's largest LNG plant in Qatar suffers damage in missile strikes
The Ras Laffan Industrial City, home to the LNG plant that accounted for about a fifth of global supply before production was halted earlier this month
 "World's largest LNG plant in Qatar suffers damage in missile strikes")
India sends additional warships near Gulf of Oman to escort fuel vessels
India deploys warships near the Strait of Hormuz to secure fuel shipments and protect vessels amid escalating tensions and disruptions in West Asian energy routes
 "India sends additional warships near Gulf of Oman to escort fuel vessels")
Iran threatens to hit energy assets in Gulf after attack on South Pars
The threat resembled other attack warnings put out by Iran during the war, copying the style used by the Israeli military
 "Iran threatens to hit energy assets in Gulf after attack on South Pars")
Russian oil bound for China diverted to India amid demand surge
The Aqua Titan is set to arrive in New Mangalore on March 21 with its Urals cargo that it loaded from a Baltic Sea port in late January, according to ship-tracking data
 "Russian oil bound for China diverted to India amid demand surge")
ReNew Energy set to secure $800 million refinancing loan this year
The five-year facility will be priced at about 185 basis points over the benchmark Secured Overnight Financing Rate, the people said. Final terms may change
 "ReNew Energy set to secure $800 million refinancing loan this year")
NSE sets modest advisory fee of just 0.65% for upcoming $2.5 bn IPO
Based on an expected deal size of about $2.5 billion, the total fee pool could be about $16.25 million, with the bulk likely to be shared among the six lead banks
 "NSE sets modest advisory fee of just 0.65% for upcoming $2.5 bn IPO")
Pakistan's deadly strikes in Afghanistan prompt calls for ceasefire
The European Union called Pakistan's attack on a medical facility in Kabul "another deadly escalation in a conflict that needs to end as soon as possible"
 "Pakistan's deadly strikes in Afghanistan prompt calls for ceasefire")
Iran vows revenge for Ali Larijani as Trump says war may end soon
Iran launched fresh waves of missile and drone attacks, targeting the United Arab Emirates, Saudi Arabia and Kuwait. It also struck Tel Aviv
 "Iran vows revenge for Ali Larijani as Trump says war may end soon")
EVs avoided the use of 2.3 million barrels of oil per day in 2025
Two- and three-wheeler vehicles now make up the bulk of avoided road fuel use due to the fast rise of electric motorbikes, especially in developing nations
 "EVs avoided the use of 2.3 million barrels of oil per day in 2025")
Trump officials vow legal fight against Anthropic over AI tool ban
The company is asking the court to issue a preliminary injunction to block the government's ban from staying in effect while the legal fight plays out
 "Trump officials vow legal fight against Anthropic over AI tool ban")
Apple's top hardware engineering executive leaves for smart ring maker Oura
Oura, which was valued at $11 billion in a funding round late last year, has been hiring aggressively from Apple in recent years
 "Apple's top hardware engineering executive leaves for smart ring maker Oura")
LPG shortage spurs fistfights, use of firewood in India as war hits supply
As the Iran war enters the third week and cooking gas becomes scarce amid a conflict-driven supply shock
 "LPG shortage spurs fistfights, use of firewood in India as war hits supply")
Top counterterrorism official Joseph Kent resigns in protest of Iran war
He is the first high-profile administration official to step down in protest of the conflict
 "Top counterterrorism official Joseph Kent resigns in protest of Iran war")