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Escalation Returns: US and Iran Trade Fresh Blows in Middle East

The fragile April ceasefire between the United States and Iran is under severe strain after both sides exchanged new strikes across the region for the second day running. US Central Command reported conducting “self-defense strikes” on military, surveillance, and radar installations in southern Iran. The operation followed President Donald Trump’s explicit warning that American forces would hit Iran “hard” again, accusing Tehran of dragging its feet on a permanent peace agree

World news

16 hours ago

Airline Industry Braces for Turbulence as IATA Summit Opens in Rio

International airline leaders convened in Rio de Janeiro on Saturday for the annual International Air Transport Association (IATA) summit, confronting a more challenging outlook for the sector’s post-pandemic rebound than anticipated just months ago. The three-day gathering comes against the backdrop of escalating fuel costs triggered by the ongoing Iran conflict, which has also forced route adjustments and airspace disruptions. At the same time, airlines are grappling with c

Business

4 days ago

Leaders of Britain's Largest Companies Are Now More Worried About the Economy Than They Have Been for Six Years, Mainly Due to Rising Energy Costs from the Iran Conflict

A new survey of the top finance bosses at many of the UK's biggest companies (including those on the FTSE 100 and 250 stock market lists) has found that their overall confidence in the economy has dropped dramatically. In the second half of March 2026, their "net confidence" score fell to a very negative -57%. This is much worse than the -13% seen at the end of 2025 and is the lowest level recorded since the early days of the COVID-19 pandemic in 2020. The main reason for thi