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Can the Iran Conflict Become a Forever War?
Jessica Genauer, UNSW Public Policy Institute Academic Director, says the US and Iran remain far apart on all deeper policy issues, while neither side sees benefit in the resumption of armed conflict. (Source: Bloomberg)
Treasury Wine Jumps Most in 12 Years on Strong China Results
Shares in Treasury Wine Estates Ltd. rose the most in 12 years after the Australian vintner announced a sharp jump in sales to retailers during the first months of 2026.
Feliciano-Jones stake in Padres to be up to 40 percent, with more investors to join: Sources
José E. Feliciano and Kwanza Jones are expected to acquire at least 30 percent — and up to 40 percent — of the San Diego Padres as part of their agreement to purchase the franchise at a record-breaking valuation, multiple people briefed on the deal told The Athletic.The structure of the pending transaction means the previously reported valuation of $3.9 billion — which would smash the MLB record, set in 2020 when Steve Cohen bought 95 percent of the New York Mets at a $2.42 billion valuation — r...
Crypto Whale Li Moves 20-Strong Trading Team to Tap Asia’s Rich
Crypto tycoon Li Lin is moving an entire trading team of about 20 people from his single-family office to Bitfire Group Holdings Ltd., a wealth manager in which he owns a 30% stake, to help the firm tap more private banking clients.
Justice Department charges Southern Poverty Law Center with fraud over extremism investigations
The Justice Department on Tuesday announced fraud charges against the Southern Poverty Law Center over its nonprofit investigations into extremist groups. CBS News justice reporter Jake Rosen has the details.
China’s shipyards secure wave of oil tanker orders as Iran war drives demand
China’s shipyards are emerging as beneficiaries from the US-Israeli war on Iran, securing new orders as crude transport bottlenecks worsen and global demand for large oil tankers rises. With the United States and Iran effectively blockading the Strait of Hormuz – a chokepoint that handles about a quarter of the world’s seaborne oil – shipping companies are racing to expand capacity, particularly in very large crude carriers (VLCCs) capable of transporting about 2 million barrels of oil per...
Takeaway coffee sales plunge as fuel and living costs dent Australian spending. Is the economy next?
The trend has been accelerated by the US-Israel war on Iran, leaving households – and cafe owners – glum, surveys suggestFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastFor many coffee drinkers, takeaway orders are changing from a habitual purchase to an occasional treat, as elevated petrol prices and other living costs leave households feeling glum.This rapid shift in behaviour has disappointed cafe owners and surprised economists...
Trump Extends Iran Truce as Talks Falter
President Donald Trump has announced he is extending a ceasefire with Iran indefinitely a day before it was set to expire, even as plans for a fresh round of talks between the two countries fall apart. (Source: Bloomberg)
Gates Foundation plans to cut up to 500 jobs while undergoing review of Jeffrey Epstein ties
The Gates Foundation plans to cut up to 500 jobs, or about 20% of its staff, in the coming years as part of a long-term restructuring, as the foundation also undergoes an external review of its ties to the late financier Jeffrey Epstein.Following a Wall Street Journal report that a memo was sent to employees Tuesday, a Gates Foundation spokesperson told Fox News Digital the review was first announced in a foundation-wide email last month and was agreed upon by the board and Bill Gates. The found...
Ambassador James F. Jeffrey on Trump extends Iran truce, blockade
President Donald Trump announced he was extending a ceasefire with Iran indefinitely a day before it was set to expire, even as plans for a fresh round of talks between the two countries fell apart. In a Truth Social post, Trump said Tuesday he would maintain a blockade over ships coming to and from Iran in the Strait of Hormuz. He said Pakistan, which had mediated between the two sides, asked for the US to hold off on fresh strikes and he was extending the ceasefire until Iran submits a new pro...
Goldman Says US Buyers Return to Japan Stocks as War Shock Fades
US investors are returning to Japanese stocks as confidence recovers from the initial shock of the Middle East crisis, according to Goldman Sachs Japan Co.’s chief Japan equity strategist.
Memory Stock Valuations Spark Debate Over ‘Supercycle’ Potential
Memory makers are riding surging demand to record profits, yet their stocks are still trading at a fraction of the valuation multiples of other top artificial intelligence chip names.
BHP Says It Has Concluded Iron Ore Sales Negotiations With CMRG
BHP Group said it has finalized a supply agreement with China’s state-backed iron ore buyer, ending a tense standoff that had led to product restrictions and roiled the market.
Men’s Wearhouse Owner Files Confidentially for IPO
Tailored Brands Inc. filed confidentially for an initial public offering, positioning the menswear company to return to public markets later this year after filing for bankruptcy during the pandemic.
Trump and Tillis in Battle of Wills With Warsh’s Fate in Balance
The biggest question facing Kevin Warsh was answered before he even reached the committee room Tuesday when President Donald Trump doubled down on a criminal probe that is effectively blocking his own nominee from taking over at the Federal Reserve.
Trump extends Iran ceasefire as peace talks hit impasse
President’s latest mixed signal comes as US sends more troops to region
Gold Steadies as Trump Extends Iran Ceasefire, Peace Talks Stall
Gold held a two-day decline after US President Donald Trump extended a ceasefire with Iran and plans for a fresh round of peace talks fell apart.
US Stock Futures Rise as Trump Extends Iran Truce: Markets Wrap
US stock futures climbed after President Donald Trump said he’s extending the ceasefire deal with Iran until talks conclude. Oil held a two-day gain.
Hotpot, bubble tea and sportswear: China's new exports take on the world
Hotpot, bubble tea and sportswear: China's new exports take on the worldJust nowShareSaveAdd as preferred on GoogleSuranjana TewariAsia Business Correspondent, SingaporeGetty ImagesMixue has more outlets than McDonald's and StarbucksStep into pretty much any shopping mall in Singapore and you're likely to find queues snaking outside shops with catchy names and bright-coloured branding. Chinese brands like Chagee, Molly Tea and Mixue are drawing crowds – not just in Asia, but incre...
Oil Traders Say Billion-Barrel Hole Will Linger Long After War
The impact of the Iran war will continue for months even after any deal to restore shipping through the Strait of Hormuz, the world’s largest oil traders have warned. Some said flows through the waterway may never return to normal. Speaking at the FT Commodities Global Summit in Lausanne, executives at some of the world’s largest oil traders warned that the rewiring of the oil market would take months even if a peace deal is agreed soon. The market is not fully reflecting the impact of the massi...