Latest Business News
Global markets mixed after Wall Street pauses record rally
World shares were mixed as U.S. stocks snapped a nine-day winning streak, with the S&P 500 falling from its all-time high and pressure coming from higher bond yields. Asian markets retreated, led by tech selling in Japan and South Korea, while European shares opened higher.
Oil eases after Israel-Lebanon ceasefire move
Oil prices pulled back after Israel and Lebanon said they would renew a fragile ceasefire and create “pilot” security zones inside Lebanon. Brent crude and U.S. crude both fell in early trading after jumping on earlier escalation fears.
Oil remains elevated amid Iran uncertainty
Despite the pullback, crude stayed near high levels because traders were still weighing uncertainty around U.S.-Iran talks and regional security risks. Anadolu reported Brent near $97.85 and WTI near $95.69 earlier in the day, both up from the prior session.
U.S. House backs war-powers resolution on Iran
The U.S. House of Representatives backed a war powers resolution aimed at removing U.S. Armed Forces from hostilities against Iran. The vote reflects intensifying political scrutiny over the administration’s military posture in the region.
China urges U.S. and Iran to honor ceasefire
China called on both the United States and Iran to respect the ceasefire and avoid “renewed warfare.” The statement underscores Beijing’s concern that further escalation could disrupt regional stability and global markets.
Lebanon and Israel agree to renew fragile ceasefire
Lebanon and Israel agreed to renew their ceasefire and establish “pilot zones” where the Lebanese Armed Forces would hold exclusive territorial control. The arrangement excludes non-state actors and is intended to reduce immediate conflict risk.
Germany loses rare bid for UN Security Council seat
Germany failed to win a nonpermanent seat on the UN Security Council, a setback attributed to backlash over Berlin’s strong support for Israel. The result is notable because such losses are uncommon for major European powers.
Kyrgyzstan wins first-ever UN Security Council seat
Kyrgyzstan was elected a non-permanent member of the UN Security Council for the first time after securing the required two-thirds majority in the General Assembly. The election took four rounds of voting.
U.S. finalizing $400 million military aid package for Ukraine
U.S. Secretary of State Marco Rubio said Washington is finalizing a $400 million military aid package for Ukraine. An official announcement is expected shortly, signaling continued U.S. support despite broader global tensions.
European Commission advances tech sovereignty push
The European Commission presented a sweeping tech sovereignty package aimed at reducing dependence on American and Chinese firms. A key focus is cloud infrastructure, with the strictest rules potentially excluding non-European companies from sensitive public contracts such as defense and health care.
Hungary lifts veto on Ukraine EU accession talks
Hungary ended its two-year veto on Ukraine’s EU bid, allowing negotiations to move to the next phase. The breakthrough also lets Ukraine and Moldova formally open the first cluster of accession talks.
Broadcom outlook disappoints investors across AI trade
Broadcom’s AI-chip sales forecast failed to impress investors, contributing to weakness in Asian and European tech stocks. Market coverage said the report intensified concerns about an AI demand slowdown and dragged on other semiconductor names.