From oil giants to banks - these companies are making billions from Iran war
As households across the globe count the costs of the US-Israel war in Iran, some companies have been counting bumper profits instead.
· Archie Mitchell
Follow the story
Business & Economy
A focused view of neutral reporting on Business & Economy, brought together across publishers.
Explore all topics →
Neutral reports only
Newest first · UTC+11:00From thriving market to a dusty road: Displaced Dumaguete vendors call for better relocation plans
Already have Rappler+? Sign in to listen to groundbreaking journalism.
· folandria0378
Samsung recruitment drive eyes robotics expansion
Samsung Electronics is expanding staffing for its robotics control tower as the South Korean tech giant seeks to expand its robot business, industry sources said Friday.
· Jo He-rim
MBK counters China influence concerns after hiring additional US lobbyist
MBK Partners, the South Korean private equity firm engaged in a prolonged control battle over Korea Zinc, has pushed back against concerns over potential Chinese influence following its decision to hire an additional US lobbyist to handle matters related to the US watchdog for foreign investment.
· Ahn Sung-mi
Sony forecasts double digit profit growth despite chip supply concerns
The scrapped Afeela project was aimed at boosting the consumption of Sony content and use of its technology. (Photo by Keiichi Furukawa)
· TSUBASA SURUGA
China's Huayou to buy Africa-focused Australian miner in lithium rush
China's Zhejiang Huayou Cobalt previously acquired this lithium mine in Zimbabwe. Now it is moving to secure interests in Ghana and Ivory Coast. © Getty Images
· Staff Writer
Marcos pushes Asean maritime cooperation amid global tensions
LAPU-LAPU CITY, Cebu – President Ferdinand R. Marcos Jr. on Friday called for stronger maritime cooperation among Southeast Asian nations amid rising geopolitical tensions and increasing disruptions to global trade routes.
· PNA
Daewoong Pharmaceutical, TionLab Therapeutics join hands to develop monthly obesity injectable
Daewoong Pharmaceutical said Friday it signed a strategic partnership agreement with TionLab Therapeutics to jointly develop and commercialize long-acting monthly semaglutide injectable to the global market.
· Lee Han-gyoul
[In This Economy] In 2026, PH is ASEAN chair and economic laggard
Already have Rappler+? Sign in to listen to groundbreaking journalism.
· gdecastro0289
April jobs report: 65,000 jobs added amid rising crude oil prices
WASHINGTON (AP) — The Iran war has caused the biggest disruption of global oil supplies in history and sent average U.S. gasoline prices surging past $4.50 a gallon this week.
· Paul Wiseman
Amplia targets ovarian cancer in new clinical protein inhibitor trial
Amplia Therapeutics is aggressively broadening its clinical reach, unveiling a major new collaboration to throw its lead drug candidate, narmafotinib, into the ring against ovarian cancer.
· Murray Ward
Asean ministers call for unity amid global economic pressures
LAPU-LAPU CITY — Asean ministers called for stronger unity, clearer priorities, and decisive action as they prepared a coordinated agenda for the 48th Asean Summit in Cebu on Friday, May 8, amid growing global economic and geopolitical pressures.
· Kaiser Jan Fuentes
Court Strikes Down Trump's Replacement Tariffs; A Minor, Temporary Setback, With Sec 301 Tariffs Coming
After the close on Thursday, the Court of International Trade (CIT) ruled to invalidate Trump's latest set of universal 10% tariff imposed two months ago under Sec. 122. The administration will quickly appeal this decision before it takes effect May 12. If the case follows the same pattern as the challenge to the IE…
· Tyler Durden
Julie Bishop resigns as Australian National University chancellor
Former foreign minister steps down early as finance minister Katy Gallagher says embattled institution must continue ‘rebuilding trust and confidence’
· Caitlin Cassidy
US stocks fall from their records as oil prices yo-yo
NEW YORK — US stocks fell from their records Thursday after oil prices yo-yoed as Wall Street waits to see whether its hopes for a deal to end the Iran war are warranted or just wishful.
· Associated Press
5 of the best things to do in Hong Kong this Mother’s Day weekend, May 8-10
From an artisan Mother’s Day market to food, fashion and music, check out our recommendations for things to do around the city this weekend
· Charmaine Yu
5 of the best things to do in Hong Kong this Mother’s Day weekend, May 8-10
From an artisan Mother’s Day market to food, fashion and music, check out our recommendations for things to do around the city this weekend
· Charmaine Yu
China marks milestone with first home-certified airship pilots
The sector is advancing faster than the available talent pool – but officials call licenses a ‘breakthrough’ moment
· Carol Yang
China marks milestone with first home-certified airship pilots
The sector is advancing faster than the available talent pool – but officials call licenses a ‘breakthrough’ moment
· Carol Yang
UAE property shifts towards 'buyers' market' for first time in years | The National
Dubai's residential property market has entered its most favourable conditions for buyers in several years, with villa prices stabilising, transaction volumes slowing and sellers showing greater willingness to negotiate, according to industry experts and new market data.
· Katy Gillett
Trump Says Cease-Fire Intact After Trade of Attacks in Strait of Hormuz
Even after the United States and Iran exchanged fire in the Strait of Hormuz on Thursday, President Trump insisted the cease-fire was still in effect and dismissed the Iranian attacks as a mere “trifle.”
· Erica L Green
Saudi Arabia's $1Tn Wealth Fund Opens Shanghai Office As China Ties Deepen
Saudi Arabia’s Public Investment Fund (PIF) opened a second office in mainland China earlier this year, establishing a Shanghai branch to expand dealmaking and attract more Chinese investment into the kingdom, Bloomberg reports.
· Tyler Durden
Prosecutors bust 10-member stock manipulation ring
SEOUL, May 8 (Yonhap) -- The prosecution on Friday announced a major crackdown on a 10-member stock manipulation ring allegedly led by a self-proclaimed movie actor and a securities firm executive.
· Yoo Cheong-mo
DMW: 7 Pinoy crew members survive drone attack on vessel
Department of Migrant Workers (DMW) Secretary Hans Leo Cacdac assured on Thursday that the seven Filipino crew members on board the container ship San Antonio at the Strait of Hormuz are safe following a drone attack on Tuesday.
· Aric John Sy Cua
Diesel prices to go down, gasoline up next week
MANILA, Philippines — Diesel prices are estimated to go down, while gasoline is expected to increase next week, mostly due to the global market reacting to a possible ceasefire between the US and Iran, local oil industry sources said on Friday.
· Ed Paolo Salting
India's market premium cracks as oil shock meets weak growth
A recent survey shows that India is the most underweighted region for investors. (Photo by Ken Kobayahshi)
· Staff Writer
Sydney court finds Israeli money launderer guilty over investment scam
Shabtay Yaacoby was arrested while visiting Sydney in 2023. (ABC News: Teresa Tan)
· Julian Fell
Douglas Murray: Taxing the rich could lead NYC into financial turmoil
‘Tax the rich!” That used to be the sort of sentiment you might expect from a student who’d just discovered a bit of Marxism and had yet to pay their first tax bill. But now New Yorkers are lucky enough to have a mayor who thinks this dumb slogan should be turned into policy.
· Douglas Murray
Hong Kong needs the people’s wisdom for its 5-year plan to succeed
The city can fuse market dynamism with strategic direction – but the key is support from the private sector and the public
· Jane Lee
Hong Kong needs the people’s wisdom for its 5-year plan to succeed
The city can fuse market dynamism with strategic direction – but the key is support from the private sector and the public
· Jane Lee
[Pastilan] Sara Duterte, a wannabe president… and she can’t use a computer?
Already have Rappler+? Sign in to listen to groundbreaking journalism.
· Herbie G
[OPINION] The need to recalibrate the Philippines’ energy program
This is AI generated summarization, which may have errors. For context, always refer to the full article.
· gdecastro0289
Uber Says AI Is Writing More Code and Slowing Hiring Growth
Uber Technologies, Inc. is expanding its use of AI tools and using some of those efficiency gains to slow the pace of hiring, according to Business Insider.
· Tyler Durden
Humanoids, robots to drive next chapter of China’s manufacturing dominance: Morgan Stanley
Strategic state-led investment and low production costs are expected to lift the nation’s manufacturing export share amid deployment of advanced automation
· Sylvia Ma
Humanoids, robots to drive next chapter of China’s manufacturing dominance: Morgan Stanley
Strategic state-led investment and low production costs are expected to lift the nation’s manufacturing export share amid deployment of advanced automation
· Sylvia Ma
(2nd LD) U.S. trade court rules against Trump's 10 pct global tariffs
(ATTN: CHANGES dateline; ADDS response from Cheong Wa Dae, additional info in last 3 paras)By Song Sang-ho
· Yi Wonju
US and Iran trade fire, threatening fragile truce
WASHINGTON, D.C. — The US military said it carried out strikes on Iranian military targets Thursday after an attack on three American destroyers in the Strait of Hormuz, while Tehran accused Washington of striking first.
· Agence France-Presse
California Insurance Regulators Say State Farm Mishandled Wildfire Claims
Authored by Dylan Morgan via The Epoch Times,
· Tyler Durden
Finance chief says economy maintains 'solid fundamentals' amid Middle East crisis
SEOUL, May 8 (Yonhap) -- Finance Minister Koo Yun-cheol said Friday the economy continues to maintain its "solid fundamentals" but pledged a continued emergency posture as uncertainties stemming from the Middle East standoff persist.
· Kim Han-joo
Mamdani’s out to leverage anger at ICE to undermine the NYPD — with Israel next
Mayor Zohran Mamdani is moving to weaponize of City Hall’s procurement power against ICE — that is, against city vendors who also do business with federal immigration authorities.
· Post Editorial Board
(LEAD) U.S. trade court rules against Trump's 10 pct global tariffs
(ATTN: UPDATES throughout with details)By Song Sang-ho
· Song Sang-ho
Asia heat waves spell double trouble for economies hit by oil
Asia is grappling with a new threat to inflation on top of an oil shock as a looming El Nino brings soaring temperatures and dry weather to countries from India to New Zealand, driving up food costs.
· Claire Jiao
US trade court rules against Trump's 10% global tariffs
The US trade court ruled Thursday against President Donald Trump's 10 percent global tariffs in another legal setback to his trade policy, as his administration is already working to replace its emergency duties struck down by the Supreme Court in February.
· Yonhap
VinFast rival Selex launches open EV charging network with Petrolimex
A VinFast charging station in Hanoi. Vietnam's largest EV maker has built a proprietary charging network that is slowing the country's adoption of electric vehicles. (Photo by Yuki Kohara)
· Staff Writer
Asean and European leaders unite in Cebu for sustainability-focused summit
LAPU-LAPU CITY — Cebu stood at the center of regional diplomacy and climate strategy as Asean and European leaders gathered for summit-linked meetings that merged economic talks with sustainability commitments at the 48th Asean Summit and Related Meetings.
· Kaiser Jan Fuentes
Trade minister to visit Mexico next week to expand outreach for FTA negotiations
SEOUL, May 8 (Yonhap) -- Trade Minister Yeo Han-koo said Friday he will visit Mexico next week as part of a concerted effort to broaden outreach for the resumption of free trade agreement (FTA) negotiations between South Korea and Mexico.
· Kim Na-young
Can Vietnam’s bureaucracy reform boost investment amid growth threats?
Vietnam’s drive to energise its economy may take time to materialise in the face of rising fuel costs and trade barriers, analysts say
· Aidan Jones
Can Vietnam’s bureaucracy reform boost investment amid growth threats?
Vietnam’s drive to energise its economy may take time to materialise in the face of rising fuel costs and trade barriers, analysts say
· Aidan Jones
Sweat it out or eat it up in Seoul
A Seoul weekend between spring and summer can slip into very different moods --depending on what you’re after. For a sporty reset, the revamped track along Anyangcheon in Mokdong offers a fresh, open stretch for runners. Or lean into the city’s culinary charm at Tongin Market, where the beloved Coin Lunch Box Cafe t…
· Kim Jae-heun