Gas and oil prices soar and shares tumble as crucial shipping lane threatened
Iranian official threatens to “set fire” to any ships passing through the Strait of Hormuz.
Iranian official threatens to “set fire” to any ships passing through the Strait of Hormuz.
The biggest disruption to global air transport since the Covid pandemic continued on March 1, with thousands of flights affected and busy Middle Eastern hubs including Dubai and Doha shuttered as Iran lashed out after U.S.-Israeli strikes. Justin Tallis | Afp | Getty Images Airline stocks led losses in Asia on Monday as Middle East…
Altron head office. (Source: Altron) JSE-listed Altron’s stock was up 8.4% by lunchtime today, after it said headline earnings per share (HEPS) would gain by at least 30% for its full 2026 year. The company, which marked its 60th birthday last April, notes in a trading update to shareholders that these figures are based on…
Pick n Pay has issued a stark warning to investors, revealing that its headline loss per share for the 2026 financial year is expected to widen by more than 20% compared to the previous year. The announcement sent the retailer’s share price into a tailspin, dropping 9% in early Johannesburg trading. Read: iPhone 17e to…
German software giant SAP plunged as much as 14% Thursday after reporting weaker-than-expected growth in its cloud contract backlog in the fourth quarter. It’s the biggest daily fall since October 2020, when its stock dropped 22% following disappointing third-quarter results. The stock is also on track to close at its lowest price since mid-2024. SAP’s…
Passengers are seen amid heavy crowds and chaotic scenes at Indira Gandhi International Airport after stringent new crew-rostering rules triggered widespread delays and cancellations in New Delhi, India, on Dec. 5, 2025. Amarjeet Kumar Singh | Anadolu | Getty Images India’s largest airline, Indigo, that cancelled more than 2,500 flights within days last month causing…
A flag with the CSG NV logo during the listing of their company at Euronext Amsterdam, Jan. 23, 2026. Bloomberg | Bloomberg | Getty Images Shares of Czech-based defense firm Czechoslovak Group, or CSG, soared over 30% on its stock market debut on Friday, underscoring sustained investor interest in defense companies amid Europe’s growing push…
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The technocratic body will operate under the direction of Trump’s ‘board of peace’, stacked with pro-Israel figures. The Palestinian committee tasked with overseeing the future administration of Gaza as part of a US-backed ceasefire plan has released what it says is a “mission statement”, laying out its key priorities and goals. The general commissioner of…