Birds fly as smoke rises following an explosion, after Israel and the U.S. launched strikes on Iran. Tehran. Majid Asgaripour/WANA via REUTERS |
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- Global oil and gas shipping rates soared, with supertanker costs in the Middle East hitting all-time highs, as the US - Iran conflict intensified after Tehran targeted ships passing through the Strait of Hormuz, according to shipping data and industry sources.
- Amazon said some of its data centers in the United Arab Emirates and Bahrain were damaged by drone strikes in the Middle East conflict, disrupting cloud services and making a recovery "prolonged".
- Toyota's decision to further sweeten its bid for group company Toyota Industries marks a win for activist fund Elliott Investment Management, which had pushed the automaker for months for a heftier bump up in price.
- US software companies have stepped up their stock buyback plans during a months-long rout. Investors and strategists are skeptical that it will stem the selling. Investors have been dumping software stocks since the fall on worries that developments in AI will disrupt the competitive landscape for the richly valued sector.
- It's easy to be glum about a continent grappling with US tariffs, cuts to aid, and climate change. Yet Joe Studwell, author of 'How Africa Works', says the conditions for development are in place. In this episode of The Big View podcast, he tells Peter Thal Larsen why he's optimistic.
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A street with Burj Khalifa in the background, Dubai, United Arab Emirates, March 1, 2026. REUTERS/Amr Alfiky |
For decades, Dubai's sales pitch featured gleaming skylines, tax-free salaries, ease of doing business and something far more intangible: the unspoken promise that whatever was happening elsewhere in the Middle East, this city was different. The conflicts that destabilized the region would somehow stop at Dubai's borders. On Saturday, that all changed. Iran's retaliatory strikes across the Gulf hit across Dubai's key sectors, landing on airports, hotels and ports. They also hit the psychological foundations of a city that had spent four decades constructing that identity as one of the world's most reliable places to do business in an unreliable neighborhood. |
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The painting "Vision of Zacharias in the Temple", identified by researchers in Amsterdam as an original work by Rembrandt. Amsterdam. REUTERS/Charlotte van Campenhout |
Researchers at the Netherlands' Rijksmuseum have authenticated as genuine a Rembrandt painting that will be on public display for the first time in decades. Over a two‑year investigation, the researchers compared the "Vision of Zacharias in the Temple" with other Rembrandt works from the same period. It is on a long-term loan to the museum from an anonymous private collector. |
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