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Oil Falls and Stocks in Asia Hold Steady5:31 Oil prices had been gyrating this week, after a new round of attacks on major energy facilities in Iran and Qatar raised concerns about energy supplies. How the Iran War Narrowed Flight Corridors Between Europe and Asia5:31 One of the few paths left between the two continents threads through Azerbaijan, Georgia and Turkey, as global conflicts complicate aviation logistics. Scramble for Jet Fuel Shows How Energy Shortages Are Rippling Across Asia5:31 As China and other major suppliers of refined oil in the region restrict exports, import-dependent countries are desperate to secure fuel supplies. Democrats Demand Answers on Jared Kushner’s Mideast Business Dealings22:03 Two prominent lawmakers wrote to the White House and Mr. Kushner after The New York Times revealed private fund-raising efforts by President Trump’s envoy in the region. The Latest Toy to Jump to the Big Screen: Labubu19:55 Pop Mart and Sony announced on Thursday that they were developing a feature film about the fuzzy trinkets. “It’s completely ruthless marketing,” one expert said. Boston Scientific Knew of Pacemaker Battery Problems for Years18:51 Boston Scientific announced multiple recalls but has said its battery issues were limited. One internal test in 2025 found batteries with an “extremely high failure rate.” In Dubai, the World’s Luxury Brands Face a Wartime Crisis18:19 Executives for high-end brands worry that a prolonged war will hurt sales in a city important to the future of the luxury industry. Banking Regulators Prepare to Loosen Post-Crisis Capital Rules17:47 The changes, long sought by bank lobbyists, will reduce the capital banks must hold in reserve to mitigate risks. Uber to Buy Rivian Vehicles for Use as Driverless Taxis17:47 The deal provides cash to Rivian and is part of Uber’s attempts to stay relevant in a driverless future. Mortgage Rates Inch Higher as War Weighs on Housing Market17:16 Rising energy costs and concerns about inflation have helped lift borrowing costs for a home mortgage for the third consecutive week. Extended Mideast Conflict Will Drag on Trade and Growth, W.T.O. Warns16:44 The trade organization said that a slowdown in trade in 2026 could become even more extreme if the war in the Middle East persists. Iran War Narrows Fed’s Path to a Rate Cut16:43 Jerome H. Powell, the Fed chair, wants to keep the central bank’s policy options open as officials stare down another economic shock that threatens to stoke inflation and crimp growth. Central Banks Brace for Inflation as Energy Prices Surge16:11 Traders now expect Europe’s central bankers to raise rates this year to address a sharp increase in inflation because of higher energy prices. |
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