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Asian stocks slide, oil gains as Middle East tensions escalate
Asian stocks slide, oil gains as Middle East tensions escalate The United States launched strikes against Iran after President Donald Trump said Tehran had shot down a US Apache helicopter in the Strait of Hormuz, leaving investors on edge. SINGAPORE: Asian stocks fell on Wednesday (Jun 10) while oil prices surged as escalating tensions in the Middle East unsettled markets, dimming hopes for an end to the months-long war that has pushed commodities higher and stoked inflation worries. The...
The 2026 World Cup: Billions promised but will the economic boom arrive?
With the kick-off less than ten days away, the largest World Cup in history is set to inject tens of billions into the hosting economies. Yet, analysts are estimating that the relative impact will be marginal. The 2026 FIFA World Cup, which starts on 11 June across the US, Canada and Mexico, is the largest in the tournament's history, with 48 national teams competing across 16 host cities for the first time.
Stocks drop as US-Iran peace talks stall, AI rally cools
Stocks drop as US-Iran peace talks stall, AI rally cools LONDON, June 5 : Shares slid on Friday as investors turned defensive ahead of the weekend, wary of the flare-up in Middle East hostilities with U.S.-Iran peace talks in limbo. The Iran-backed Hezbollah militia rejected a new ceasefire in Lebanon on Thursday and Israel said it would not withdraw troops from the country, undermining U.S. President Donald Trump's efforts to halt fighting there and reach a peace deal with Tehran....