Bloomberg

Iran's Missile Math: $20,000 drones take on $4 million Patriots

US-made Patriot air-defense missiles have been largely successful in stopping the Iranian Shaheds and other ballistic missiles, with interception rates over 90%, according to the UAE

India cuts urea output after Qatar LNG supplies suspended due to Iran war

There are enough stockpiles to meet demand for the near-term, according to Suresh Kumar Chaudhari, director general of Fertiliser Association of India

Trump likely to raise US tariff rate to 15% this week, says Bessent

"That's likely sometime this week," Bessent said Wednesday on CNBC in response to a question about when the increase to 15 per cent would be implemented

Google Gemini accused of coaching user to suicide in new lawsuit

In a statement, a Google spokesperson said that Gemini clarified to Jonathan Gavalas that it was AI and referred him to a crisis hotline many times

Indian households face a looming fuel crunch as West Asia crisis drags on

War in the Persian Gulf threatens LPG supplies to India, raising the risk of cooking gas shortages and inflation if cargoes remain stranded beyond weeks

Panic sweeps Korean stocks in biggest one-day crash on record amid Iran war

The Kospi Index plunged another 12% following a 7.2% drop in the previous session, as heavyweights Samsung Electronics Co., SK Hynix Inc. and Hyundai Motor Co. tumbled

Alibaba Group's AI wizard who warned of US-China tech gap steps down

Lin is one of the most influential figures behind Alibaba's transition to AI, an endeavor intended to drive its next phase of growth beyond online commerce

US President Trump escalates confrontation with banks over crypto agenda

It was his most direct public rebuke of the banking lobby on crypto policy, and comes as the administration pushes to establish the US the world's capital for digital assets

Saudi oil storage sites filing fast on Hormuz disruption, says Kayrros

The Ju'aymah terminal on the country's east coast "was quickly running out of spare capacity" as of March 1, Kayrros co-founder and chief analyst Antoine Halff said

Travellers rush to Oman, Saudi Arabia to escape Dubai amid US-Iran conflict

Travellers stranded in Dubai amid the US-Iran conflict are rushing to Oman and Saudi Arabia, as airspace closures and flight disruptions trigger costly evacuations

China's factory activity worsens amid Lunar New Year holiday lull

The non-manufacturing measure of activity in construction and services increased slightly to 49.5, compared with a forecast of 49.7

OpenAI chief Altman tells staff company has no say over Pentagon decisions

During an all-hands meeting on Tuesday, Altman said the Defence Department made clear it will listen to OpenAI's expertise about the technology's applications

Israel strikes Iran's Assembly where clerics met to pick successor

Israel was likely targeting the Assembly of Experts, a Shia clerical body tasked with electing a supreme leader after Khamenei was killed in Israeli and US strikes on Saturday

'Ok, time to go': Cabs, cash and twisted routes to escape Dubai

The barrages of missiles and interceptors flying over the hubs of Dubai, Abu Dhabi and Doha forced nations to close their airspaces, putting the onus on visitors to chart their own ways home

Trump vows 'whatever it takes' as war with Iran widens in West Asia

Defense Secretary Pete Hegseth rejected the idea of an "endless" war with Iran. But President Donald Trump later insisted there was no fixed timeline

Iraq starts shutting major oil fields as Hormuz crisis halts exports

The oil-market's worst fears have been realised this week after Hormuz all-but closed to shipping because of the Iran war

UAE and Qatar urge allies to help Pres Trump find Iran off-ramp

The UAE's Ministry of Foreign Affairs released a statement rejecting what it called "false and misleading claims published by Bloomberg"

QatarEnergy halts production of some downstream products after LNG shutdown

QatarEnergy will also stop making downstream products including urea, polymers and methanol, according to a statement on Tuesday

Dubai's status as a Swiss-style safe haven begins to crack amid Iran war

Since the weekend, the UAE's financial hubs and holiday spots have been shaken as defence systems intercepted 165 ballistic missiles, two cruise missiles and 541 drones launched from Iran

Toyota Motor founding family is biggest winner in unit takeover battle

The privatisation of Toyota Industries is meant to reinvigorate the sleepy affiliate, remaking it as the vanguard of the group's evolution into next-generation mobility