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Dollar steadies as markets await signals on Iran war, central banks
Dollar steadies as markets await signals on Iran war, central banks TOKYO, June 1 : The U.S. dollar held steady on Monday after a weekly loss as markets awaited the results of peace talks in the Middle East and signals on the timing of central bank rate hikes. The dollar index edged lower last week on hopes for a deal between the United States and Iran to open the Strait of Hormuz shipping lane for oil. Oil jumped in early trade after Israel ordered troops to move further into Lebanon in the...
Sharp rise in demand at food banks since start of Iran war, charities say
Sharp rise in demand at food banks since start of Iran war, charities say Soaring demand coupled with lower donations is creating a ‘perfect storm’ for food banks, leading charity Felix said - Bookmark - CommentsGo to comments Demand for food banks has shot up dramatically since the beginning of the war in Iran, with charities struggling to cope, a leading charity has warned. Providers are reporting soaring costs and fall in donations since the US and Israel launched strikes in February, in...
Iran war day 100: US, Iran trade attacks again, raising tensions
Iran war day 100: US, Iran trade attacks again, raising tensions Tensions rise as US shoots down Iranian drones over Strait of Hormuz, while Israel continues its attacks on Lebanon. The United States Central Command (CENTCOM) said it shot down a pair of Iranian drones threatening the Strait of Hormuz, escalating tensions as Pakistan’s Interior Minister Mohsin Naqvi landed in Tehran as part of new diplomatic efforts. Tehran responded with a salvo of missiles at US allies Bahrain and Kuwait on...
Iran-US war latest: Iran attacks US bases across three Gulf allies after Trump renews strikes on Tehran
Iran-US war latest: Iran attacks US bases across three Gulf allies after Trump renews strikes on Tehran US military says nearly all drones fired towards Jordan, Kuwait and Bahrain have been intercepted - Bookmark - CommentsGo to comments Iran has fired at least four ballistic missiles and several drones at US bases in Bahrain, Kuwait and Jordan in retaliation against Donald Trump's renewed attacks on Tehran. Iran's Revolutionary Guard said its Aerospace Force launched long-range missiles at...
Ghana Central Bank Head Sees Scope for Rate Cuts After Iran War
Bank of Ghana Governor Johnson Asiama Photographer: Kent Nishimura/Bloomberg
ECB, BoE weigh ‘two possible mistakes’ as Iran war bites
European Central Bank President Christine Lagarde and Bank of England Governor Andrew Bailey will spend the summer trying to shake off the ghosts of their past inflation mistakes as they move to combat spiraling prices. Europe’s most powerful economic officials face a haunting dilemma: how to respond to the Iran war without repeating the errors that followed the Covid pandemic and Russia’s invasion of Ukraine. Their decisions will shape the continent’s economic future for years to come — and...
How Lebanon became the breaking point for the Iran war ceasefire
How Lebanon became the breaking point for the Iran war ceasefire Iran has switched from projecting power via its proxy armed groups around the region to using its own firepower to protect them, analysts say. After weeks of warning that continuing Israeli attacks on Lebanon would jeopardise diplomacy, Iran launched its first direct strikes on Israel in two months overnight on Sunday, casting new doubts about the likelihood of a US-Iran peace deal. While Israel and the US have sought to...
100 days into Iran war, Americans face higher prices
100 days into Iran war, Americans face higher prices On average, US households have spent $750 more in expenses due to the war, hitting middle- and lower-income people hard. A hundred days into the US-Israel war on Iran, Americans are facing increasing financial pressure at the pump and at the grocery store in an economy already facing headwinds from United States President Donald Trump’s domestic and foreign policies, including tariffs. The war is unpopular, with 66 percent of Americans...
By the numbers: 100 days of the US-Israel war on Iran
By the numbers: 100 days of the US-Israel war on Iran From the human cost to the economy, Al Jazeera visualises how the US-Israel war on Iran has unfolded since February 28. Sunday marks 100 days into a war that US President Donald Trump said was going to finish “very fast”. Despite a ceasefire agreed on April 8, the Strait of Hormuz remains largely closed, sporadic fire continues, and talks have repeatedly collapsed.
Japan cabinet approves US$19 billion extra budget in response to Iran war
Japan Cabinet approves US$19 billion extra budget in response to Iran war TOKYO: Japan's Cabinet approved on Wednesday (Jun 3) a US$19 billion supplementary budget to support households struggling with soaring everyday costs driven by the Iran war. The extra budget was "decided" at a Cabinet meeting, the prime minister's office said on its website.