Global stock markets slump amid Iran war as gas and oil prices rise
FTSE 100 on track for its worst day in 11 months, while Japan’s Nikkei and South Korea’s Kospi also fall
· Juliakollewe, Graemewearden
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Newest first · UTC+11:00Global stock markets tumble as Middle East war ignites inflation fears
Germany's share market has dived 3 per cent. (Reuters: Daniel Munoz)
· David Taylor
uCloudlink Unlocks Multi-Billion Blue Ocean at MWC 2026: Mining New Revenue Frontiers through Global Connectivity, IoT, and Pet Tech
BARCELONA, Spain, March 3, 2026 /PRNewswire/ -- uCloudlink Group Inc. (NASDAQ: UCL), the world's leading mobile data traffic sharing marketplace, today unveiled its strategic roadmap at Mobile World Congress (MWC) 2026, focusing on unlocking significant market opportunities through its unique terminal-side advantage…
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‘Change typhoon intensity and path’: China team mulls hitting cyclones with space beam
Scientist Duan Baoyan says the Zhuri project could also act as a ‘space-based power bank’ to charge satellites and other facilities
· Ling Xin
How the US ceded the robotics economy to China
Chinese gains in robotics show that nations wishing to compete must go beyond financial engineering to master their physical realities
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Raffles Family Office, GoUpscale and Synpulse Launch Quantive Partners to Build Integrated Wealth Operating Infrastructure for EAMs and MFOs
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More than 1,000 personnel, volunteers stage emergency drill at Hong Kong airport
Large-scale exercise simulates power bank fire on plane and landing gear failure, triggering coordinated emergency response across departments
· Wynna Wong
Unauthorised direct debits create chaos for Perth business
Mark Bossong says he is frustrated with his bank. (Supplied)
· Emma Wynne
Want to go skiing in Switzerland without breaking the bank? Here’s where to go …
Hitting the piste in Verbier doesn’t come cheap, but in laid-back La Tzoumaz you can access the same pistes without such a steep price tag
· Ailsa Sheldon
Starry Lee to propose boosting Hong Kong’s role as offshore yuan hub at ‘two sessions’
City’s sole delegate to National People’s Congress (NPC) Standing Committee also calls for bigger bond market amid ongoing conflict in Middle East
· Matthew Cheng
Europe counts the cost as Iran war disrupts energy shipments
Analysts urge EU to accelerate green energy transition and reduce reliance on fossil fuel imports
· Xiaofei Xu
The analyst who never sleeps: LG’s AI scans 5,500 US stocks daily
Partnering with London Stock Exchange, LG rolls out explainable equity forecast scores across entire US market
· Jo He-rim
Toss Bank CEO eyes second term after profit turnaround
Toss Bank CEO Lee Eun-mi is set to extend her leadership after the bank’s executive nomination committee recommended her for reappointment.
· Choi Ji-won
Eximbank Korea launches W40tr Middle East relief program
Korea Export-Import Bank is providing support for Korean companies affected by conflict in the Middle East, including financial assistance and a dedicated response desk at its headquarters.
· Choi Ji-won
Inflation concerns rise with US and Israeli attacks on Iran
Israeli air defense system fires to intercept missiles during an Iranian attack over Tel Aviv, Israel, early Tuesday, March 3, 2026. (AP Photo/Ohad Zwigenberg)
· Christopher Rugaber
Drone strike on key Qatari plant reignites global gas crunch fears
A drone strike on a critical Qatari energy hub has sent global gas prices surging, handing a potential windfall to some of Australia’s largest liquefied-gas exporters but reigniting worries of spiking energy costs reaching households and pushing up inflation.
· Nick Toscano
How the Iran war will hit your petrol tank, your overseas holiday – even your morning toast
From the local petrol station to the nation’s wheat fields to those planning an overseas trip, the war against Iran is going to have an impact on the Australian and global economy.
· Shane Wright
The Australian employers where the gender pay gap is widening
Property News: Australia's most popular suburbs in every capital city.
· Lara Pearce
‘We couldn’t reach them’: Chinese firms’ Iran business in limbo after strikes
Attacks on Iran by the US and Israel have left China’s exporters doing business there unsure of their future, with contacts unresponsive
· He Huifeng
Asian shares extend losses on fears over energy supplies
The S&P 500 fell as much as 1.2% Monday and finished with a gain of less than 0.1%. The Dow added 0.1%, and the Nasdaq composite rose 0.4%.
· Yuri Kageyama
China's economic ambitions hit limits to growth as its national congress meets
BEIJING — China’s progress in building a modern economy, evident in its kung-fu fighting robots and self-parking cars, is hitting limits as a downturn in its housing industry drags on, small businesses suffer and young people struggle to find jobs.
· Associated Press
Smart Energy Week 2026 Opens in Tokyo, Bringing Together 1,600 Exhibitors to Unveil the Next Wave of Energy Transition Innovations
TOKYO, March 3, 2026 /PRNewswire/ -- Smart Energy Week Spring 2026, one of the world's largest exhibitions for renewable energy, clean power technologies and next generation energy systems, will open at Tokyo Big Sight from March 17 to 19. The exhibition brings together the latest global energy technologies and serv…
· PRNEWSWIRE
Property and Housing Market News | South China Morning Post
Why restaurants are replacing shops, changing Hong Kong’s retail landscapeThe mix of tenants in malls and at street level is changing as restaurateurs pounce on slumping rents to expand, often taking the spaces left behind by retailers forced to leave during the pandemic.
Property and Housing Market News | South China Morning Post
Why restaurants are replacing shops, changing Hong Kong’s retail landscapeThe mix of tenants in malls and at street level is changing as restaurateurs pounce on slumping rents to expand, often taking the spaces left behind by retailers forced to leave during the pandemic.
Iran war disrupts 54 Hong Kong-Mideast flights as airspace remains closed
Tour agency WWPKG says it has suspended Middle East trips through March 10 amid rising tensions
· Oscar Liu
Oil risk premium due to Mideast conflict may push PH inflation near 4%
MANILA, Philippines — Renewed geopolitical risk premiums stemming from the escalating Middle East conflict could push Philippine headline inflation toward 4 percent in the coming months, an analyst said, as higher oil prices threaten to add to existing price pressures.
· Niña Myka Pauline Arceo
Social media scammers are ripping real estate agents’ house videos and making money
San Francisco’s already cutthroat rental market has a new villain — social media scammers swiping legit apartment listings and flipping them into viral bait for desperate renters.
· Bianca Heyward
Defense giants cash in as Iran conflict escalates
Defense contractors are winning on Wall Street, as the uncertainty of a war with Iran and increased tension in the Middle East continue to fuel substantial gains in the stock market.
· Benjamin Brown
Dyna.Ai Raises Series A to Turn Enterprise AI Pilots into Real Business Results
SINGAPORE, March 3, 2026 /PRNewswire/ -- Dyna.Ai, a leading AI solutions company headquartered in Singapore, today announced the close of an undisclosed eight-figure multimillion-dollar (USD) Series A round led by Lion X Ventures, a Singapore based venture capital fund, advised by OCBC Bank's Mezzanine Capital Unit.
· PRNEWSWIRE
Australian agriculture hits $100 billion target ahead of schedule
Australian agriculture's farmgate value is set to hit its $100 billion goal this financial year, four years ahead of schedule. (ABC Rural: Amelia Bernasconi)
· Amelia Bernasconi
Exclusive | US, China discuss investment revival ahead of Trump’s trip: sources
Both sides exploring structured joint ventures and licensing deals, with Beijing seeking protection and Washington eyeing better market access amid declining capital flows
· Kandy Wong
China’s Two Sessions to reveal Xi’s economic and defence plans as military purge casts shadow
Top politicians will gather to set growth target with focus on technology self-reliance amid rising US competition
· Amy Hawkins
California housing crash fears as buying rates plummet below Great Recession level
The number of properties sold in California over the past three years was 24% lower than the same time period before the Great Recession, sparking fears of a statewide crash.
· Anthony Blair
‘Live’ chance of interest rate hike at March RBA meeting amid oil price spikes affecting inflation, governor says
Michele Bullock not ‘making a prediction’, but cites rise in oil prices due to attacks on Iran and tight labour market as factors in possible cash rate rise
· Patrick Commins
China's high-tech ambitions collide with limits to growth
Humanoid robot performers dressed in traditional costume join dancers in a performance during Lunar New Year celebrations in Beijing, Thursday, Feb. 19, 2026. (AP Photo/Vincent Thian, File)
· Chan Ho Him
Prediction market bets on Iran strikes stoke insider trading and ethics scrutiny
Bets that were placed on the ouster of Iran's Supreme Leader Ayatollah Ali Khamenei drew scrutiny on Monday of prediction markets such as Polymarket and Kalshi, sparking calls from Democratic U.S. lawmakers to outlaw wagers on military actions that could enrich officials with inside knowledge.
· Tom Westbrook
'Tax on households' coming for Aussies due to Iran war
The Reserve Bank has cautioned it remains too early to tell what the economic impact of the war in Iran will be, even as surging petrol prices deliver another hit to inflation-weary households.Speaking at the Australian Financial Review's Business Summit in Sydney this morning, RBA Governor Michele Bullock was chara…
· Daniel Jeffrey
‘Two sessions’ to ‘focus on Hong Kong’s financial role, Northern Metropolis’
Meetings of Chinese People’s Political Consultative Conference and National People’s Congress begin on Wednesday and Thursday respectively
· Matthew Cheng
Hong Kong’s strategy for HKIC to prop up city’s office market seen as challenging
Attracting foreign institutions might prove difficult amid the commercial property sector’s elevated vacancy rates and uncertain recovery
· Peggy Ye
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Strikes on Iran may complicate US-China ties
No significant impact expected on China’s, or Hong Kong’s, economy from the most recent conflict in the Middle East
· SCMP Editorial
US markets see-saw as investors keep close eye on Iran war
Major US indexes recover after falls earlier in the day amid concerns of rising gas prices
· Lauren Aratani
RBA governor says 'too early to say' how Middle East war will impact Australia
Topic:Monetary Policy
· Gareth Hutchens
How major US stock indexes fared Monday, 3/2/2026
Oil prices leaped on worries that war with Iran could clog the flow of crude, while U.S. stocks swung from sharp losses to small gains.
· The Associated Press
Jaime Dimon warns inflation could soar beyond expectations as US, Israeli strikes on Iran spark terror fears
JPMorgan Chase CEO Jamie Dimon warned Monday that inflation could shape up to be a “skunk in a party” following the US and Israeli air strikes on Iran over the weekend.
· Taylor Herzlich
Trump’s 2026 trade agenda sharpens push for ‘managed’ US-China ties
US Trade Representative report touts deficit drop, pledges tougher Section 301 enforcement ahead of Trump’s Beijing summit with Xi
· Lucy Quaggin
Workers’ remittances reach USD 751 Mn in January up 31.1 % YoY - DailyNews
The external current account recorded a larger surplus in January 2026, compared with recent months as well as January 2025. This follows the estimated surplus of USD 1.7 billion (provisional) in 2025 and indicates continued improvement in external sector performance, the Central Bank of Sri Lanka External Sector Su…
· Gayan Abeykoon
Seylan Bank posts LKR 12.1 Bn record PAT in 2025 - DailyNews
Seylan Bank reported its financial results for the year ended December 31, 2025, reporting a strong growth in profitability recording a Profit Before Tax (PBT) of LKR 19.6 billion, reflecting a 22.3% increase compared to LKR 16.0 billion reported in the previous financial year. For the year under review, Profit Afte…
· Gayan Abeykoon