Trump and Netanyahu’s Iran quagmire is wrecking the global economy
While bombs are being dropped on communities that may seem far away for some, the ripple effects of war in the Middle East are truly worldwide
· Alex Lo
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Topic:Regional Communities
· Jennifer Nichols
How major US stock indexes fared Friday 3/13/2026
Wall Street’s losses deepened as the ongoing fallout from the war in Iran keeps pushing oil prices higher, ratcheting up inflationary pressure on the global economy.
· The Associated Press
Drone attack on market in Sudan kills 11, as air war civilian toll mounts
A drone attack on a busy market in western Sudan has killed 11 people and wounded dozens more, including children, as the United Nations warns that the country’s rapidly escalating air wars have claimed more than 200 civilian lives in little over a week.
· Faisal Ali
Judge blocks justice department from subpoenaing Fed chair Jerome Powell
Trump DoJ’s investigation was purportedly about the management of the central bank’s renovation
· Lauren Aratani
Federal judge blocks DOJ’s subpoenas against Jerome Powell: report
A federal judge on Friday said he was blocking subpoenas that the Justice Department served to Federal Reserve Chair Jerome Powell in a probe purported to be about the management of the central bank’s renovation.
· Reuters
Over 200 kgs of narcotics destroyed in Puttalam - DailyNews
A large stock of narcotics of nearly 200 kilograms seized in recent raids by the Police Narcotics Bureau (PNB), of which the cases had been concluded at the Colombo High Court and Balapitiya Magistrate’s Court, were destroyed at the Lacotowatta incinerator in Vanathavilluwa, Puttalam yesterday (13) morning.
· damith
FIU issues 15 recommendations to curb rising drug money laundering risk - DailyNews
The Governor of the Central Bank of Sri Lanka, Dr. Nandalal Weerasinghe stated that the Financial Intelligence Unit (FIU) has issued 15 new recommendations to the Government to prevent Sri Lanka from becoming a global hub for drug trafficking and to curb money laundering. The Government plans to implement a five-yea…
· damith
President’s Committee on Economic Surveillance focuses on contingency plans - DailyNews
The Committee on Economic Surveillance which met under the patronage President Anura Kumara Dissanayake on Thursday at Presidential Secretariat focused on the potential adverse impacts on Sri Lanka’s economy arising from the current conflict situation in the Middle East, including rising global oil prices, disruptio…
· damith
There’s a hidden job market for over 50s, but you’ll need to do this to get in
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· Robyn Greaves
The terrible need that propelled Ukraine to the top of this market
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· David Crowe
Pink Floyd’s instrument shatters records at NYC sale — becoming most expensive guitar ever sold at auction
It’s a bid that would leave most bank accounts “Comfortably Numb.”
· Marie Pohl, Nicole Rosenthal
IFC, OnePuhunan partner to boost PH financial inclusion
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· Giselle P. Jordan
Fed’s preferred inflation gauge show prices increased even before Iran war began
An inflation gauge closely monitored by the Federal Reserve moved higher in January in the latest sign that prices were persistently elevated even before the Iran war caused spikes in oil and gas costs.
· Associated Press
A gathering storm, an economy flashing red: Rice, fuel, electricity and the peso
AMID the turbulence of a war in the Middle East, if anyone is still wondering whether the Philippine economy is entering a period of serious stress, the answer is now visible everywhere — from market data to electricity bills, from the foreign exchange board to the rice stalls in public markets. The warning signals …
· Anna Malindog-Uy
Iran war hits Turkey's fragile economy as investors flee following oil shock
The US-Israeli war on Iran is starting to weigh on Turkey's economy, as inflation continues to exceed expectations and Ankara faces both an outflow of foreign investors and a widening current account deficit.
· Middleeasteye
Iran war hits Turkey's fragile economy as investors flee following oil shock
The US-Israeli war on Iran is starting to weigh on Turkey's economy, as inflation continues to exceed expectations and Ankara faces both an outflow of foreign investors and a widening current account deficit.
· Middleeasteye
US economy grew meager 0.7% in Q4 in big downgrade from initial estimate — here’s why
The US economy, hobbled by last fall’s 43-day government shutdown, advanced at an unexpectedly sluggish 0.7% annual rate from October through December, the Commerce Department reported Friday in a big downgrade of its initial estimate.
· Associated Press
US-China trade talks: what to expect as senior officials meet in Paris
Both sides have short-term incentives to maintain their ‘trade truce’ so they can focus on dealing with domestic issues, analysts say
· Xiaofei Xu
US economic growth slumps to 0.7% in fourth quarter, stoking inflation worries
The figure was significantly lower than the initial estimate of 1.4 per cent for the October to December period
· Agence France-Presse
International Financial Centre in Dubai hit by kamikaze drone
Dubai’s financial center was hit in an Iranian drone attack Friday, leaving a huge cloud of black smoke rising over the heart of the neutral city.
· David Propper
Job openings stronger than expected to start year despite sluggish labor market
Construction workers install a lumber roof at a new home build Tuesday, April 1, 2025, in Laveen, Ariz. (AP Photo/Ross D. Franklin, File)
· Paul Wiseman
Ghanaian companies ready to partner Korean firms: President Mahama
Ghanaian companies are ready to expand partnerships with Korean firms and position themselves as a gateway for South Korea’s investment into the broader African market.
· Sanjay Kumar
EU and UK denounce settler violence in West Bank
The European Union and United Kingdom have issued statements calling for an end to Israeli settler violence against Palestinians in the occupied West Bank this week.
· Middleeasteye
EU and UK denounce Israeli settler violence against Palestinians in West Bank
The European Union and United Kingdom have issued statements calling for an end to Israeli settler violence against Palestinians in the occupied West Bank this week.
· Middleeasteye
What’s happened in Gaza and the West Bank since the start of the Iran war?
With the eyes of the world on the United States and Israel’s war in Iran, Israeli strikes and raids in Gaza and settler attacks and military operations in the occupied West Bank have continued unabated.
· Priyanka Shankar, Sarah Shamim
Strait of Hormuz transiting ships flash ‘China owner’ signals to evade Iran blockade
Analysts see ‘diplomatic bulletproofing’ in vessels leveraging Beijing’s neutrality, while some Chinese-linked ships clear chokepoint
· Xinyi Wu
The US economy stumbles to 0.7% growth as the shutdown drags down GDP
A person shops at a grocery store in Schaumburg, Ill., Monday, Feb. 9, 2026. (AP Photo/Nam Y. Huh, File)
· Paul Wiseman
Closely followed inflation measure worsened to start the year
Shoppers shop at a grocery store in Schaumburg, Ill., Monday, Feb. 9, 2026. (AP Photo/Nam Y. Huh)
· Christopher Rugaber
Fourth-quarter GDP revised down to just 0.7% growth; January core inflation was 3.1%
Economic growth was much slower than expected in the final three months of 2025 while core inflation rose to start 2026, the Commerce Department reported Friday.
· Jeff Cox
WATCH: NBI nabs suspect, seizes P12B in counterfeit US dollars
The National Bureau of Investigation (NBI) deals a massive blow to financial syndicates on March 13, 2026, following the arrest of a suspect and the seizure of approximately ₱12 billion in counterfeit US dollar notes and treasury bills during a high-stakes sting in Pasay City.
· The Manila Times
UK says Russia, Iran trying to ‘hijack global economy’ amid Hormuz blockade
Foreign Secretary Cooper said Moscow and Tehran ‘benefit together’ from soaring oil prices
· dpa
Dubai financial hub hit by intercepted drone after Iran threatens banks
Dubai's International Finance Centre has been damaged after debris from an intercepted Iranian drone attack caused a fire in the area.
· Middleeasteye
Dubai financial hub hit by intercepted drone after Iran threatens banks
Dubai's International Finance Centre has been damaged after debris from an intercepted Iranian drone attack caused a fire in the area.
· Middleeasteye
JPMorgan signs up as anchor tenant for SHKP’s West Kowloon office development
The US investment bank is leasing 250,000 sq ft in Artist Square Towers, which will house its Kowloon operations from late 2028
· Cheryl Arcibal
Hong Kong MTR Corp pay rise below expectations: union
Most non-managerial staff to get salary increases from 1.6 to 3.84 per cent for the 2026-27 financial year, firm says
· Ng Kang-chung
Dramatic moment Scott Bessent is yanked from interview for urgent talks in situation room: ‘The president wants you right away’
President Trump ordered Treasury Secretary Scott Bessent, who was in the middle of an interview, to the White House Situation Room as the administration deals with the financial fallout of the Iran war.
· Nicholas McEntyre
Japan taps oil reserves as Iran war spreads. Could it give China leverage?
With Tokyo and Beijing still at loggerheads over Taiwan, analysts warn Japan’s decision exposes its economic vulnerability
· Luna Sun
The American Dream now has a succession plan
Small businesses employ 62 million Americans and generate nearly half of US GDP. But as boomers retire by the millions — and their kids aren’t interested in taking over the family business — most face the same two exit. They can shutter a business they spent their life building or sell to private equity — a move whi…
· Lydia Moynihan
In photos: Al-Quds Day protests in Iran
Live Blog Update| War on Iran This is an entry from: Live: Big Al-Quds Day protests in Iran as drone hits Dubai financial centreIn photos: Al-Quds Day protests in Iran 13 March 2026 09:22 GMT A woman holds a photo of Iran's late Supreme Leader Ayatollah Ali Khamenei as Iranians take part in a protest marking the ann…
· Middleeasteye
Philippines looks to regulate power market as LNG prices surge
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· Mia Gonzalez
Trump’s war is the most dangerous double-edged gamble I can remember
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· Ambrose Evans-Pritchard
UK economy fails to grow in January
The U.K. economy flatlined in January as growth continued to slow even before the U.S.-Iran war brought about a global energy price shock.
· Chloe Taylor
Bonus $6.6 billion handout given to Aussie state that needs it least
Western Australia will be handed an extra $6.6 billion by the federal government next financial year thanks to a controversial deal labelled the worst piece of public policy this century.The Commonwealth agency responsible for distributing GST payments today announced how much each state and territory will receive i…
· Eleanor Wilson
Video: Drone strike reported at Dubai International Financial Centre
An Iranian drone hit a building at the Dubai International Financial Centre, Anadolu news agency reported.
· Middleeasteye
China’s AI adoption may limit economic fallout of its rapidly ageing population: analysts
As fertility rates fall, Asian economies face a daunting challenge – sustaining growth with fewer workers
· Yeon Woo Lee
Time to make ’em pay! The big bludgers are the corporate tax dodgers
Don't pay so you can read it. Pay so everyone can!
· Jason Ward
Moscow Piles Pressure on U.S. Over Oil Sanctions
Moscow said Friday that the global energy market "cannot remain stable" without its oil, piling pressure on Washington to lift more sanctions as the Middle East war strangles supplies.
· AFP
Diplomat highlights growing Korean investments in India
The India-Korea Strategic Business Forum 2026, co-hosted by the Indian Chamber of Commerce in Korea, Deloitte and ICICI Bank, highlighted the expansion of Korean investments in India on Wednesday.
· Sanjay Kumar
HKEX opens door for small innovative firms to list with biggest reforms since 2018
Bourse operator lowers bar for companies with weighted voting rights as well as for firms seeking to list under the minimum market cap route
· Enoch Yiu