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Ship insurers grapple with soaring war‑risk costs for perilous Gulf route
LONDON, March 29 — Iranian forces’ threat to ships in the crucial Strait of Hormuz has driven up payments for the insurance that underpins the world freight industry. Here are facts and figures about how maritime insurance works — and
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State-owned Aluminium Bahrain plant hit in Iranian attack, two workers hurt but operations to go on
MANAMA, March 29 — Aluminium Bahrain (Alba) confirmed that its facility was subject to an Iranian attack on Saturday, Bahrain News Agency (BNA) reported. “The safety and security of Alba’s people remain its top priority and the Company confirms that
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AI needs power, and in the US, natural gas is stepping up, for better or worse
HOUSTON, March 28 — Natural gas took center stage this week at the world’s largest energy conference, as major market players discussed how to power the rise of artificial intelligence. In the halls of CERAWeek, where around 10,000 experts and
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Italy investigates Sephora, LVMH over ‘insidious’ marketing of cosmetics to minors
MILAN, March 28 — Italian competition regulators said yesterday they have opened a probe into French luxury group LVMH and its Sephora and Benefit subsidiaries for promoting skin care products to minors. “The investigations were opened over concerns that important
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‘This is unbelievable corruption’: US lawmakers question fishy trades that moved oil, S&P futures before Trump’s Iran posts
NEW YORK, March 28 — Unusual bursts of trading on the oil and stock markets this week, just minutes before social media posts on the Iran war by President Donald Trump, have added to suspicions of insider trading linked to
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WTO reform talks near crunch as US stance draws ‘outright bullying’ claims
YAOUNDÉ, March 28 — The ambassador facilitating talks on reforming the World Trade Organisation voiced cautious optimism yesterday on prospects for progress at a high-level meeting in the Cameroonian capital. Reforming the beleaguered global trade body is at the heart
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Bursa Malaysia to trade cautiously next week as West Asia conflict weighs on sentiment
KUALA LUMPUR, March 28 — Bursa Malaysia is expected to trade cautiously next week as the unresolved West Asia conflict continues to shape global market direction. IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said
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Ringgit expected to hover around 4.00 amid oil‑driven inflation fears, hawkish Fed
KUALA LUMPUR, March 28 — The ringgit is expected to trade around the 4.00 level against the US dollar next week, as expectations of a prolonged West Asia conflict weigh on the currency. Kenanga Investment Bank Bhd (Kenanga IB) said
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US appeals court voids US$16.1b YPF judgment, says claims not valid under Argentine law
BUENOS AIRES, March 28 — A US appeals court yesterday overturned a US$16.1 billion (RM63.1 billion) judgment against Argentina for nationalising the oil company YPF in 2012. The ruling was a big victory for President Javier Milei as he tries
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Bank of America settles Epstein accusers’ suit for US$72.5m, after JPMorgan and Deutsche Bank paid larger sums
NEW YORK, March 28 — Bank of America agreed to pay US$72.5 million to settle a civil lawsuit brought by women who accused the bank of facilitating their sexual abuse by Jeffrey Epstein, court records showed yesterday. Lawyers for the
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