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HSBC says Iran war is hitting confidence as businesses warn over economic risks
Oil-driven inflation is big challenge to world economy, lifting inflation and depressing growth, says bank’s chairBusiness live – latest updatesHSBC bosses have said the Iran war is already hitting global economic confidence, as a string of business leaders warned over the impact of the conflict.Georges Elhedery, the Lebanon-born chief executive of the bank, told Bloomberg Television at a HSBC conference in Hong Kong: “We’re saddened and concerned with what’s happening in the Middle East, and we...
ING Plans SRT Tied to Project Finance, Including for Oil and Gas
ING Groep NV is planning a significant risk transfer on €3.5 billion ($4.1 billion) of loans to projects in sectors including oil, gas and renewable power as the Netherlands’ largest lender steps up its use of such instruments.
Scientists begin analyzing radon in Pinega nature reserve caves
A noticeable reverse air current in one of surveyed caves started at a temperature of plus 7-8 degrees
IEA: Global crude oil demand set for sharpest quarterly crash since Covid
The International Energy Agency (IEA) says global oil demand is headed for its "steepest" quarterly drop since the Covid shock, with the agency’s outlook pointing to weakening consumption in April and the second quarter as trade tensions and softer economic momentum hit fuel use.An OPEC+ report, meanwhile, revealed that the group’s output fell by 7.9 million barrels per day in March, largely due to the shutdown of the Strait of Hormuz.Investors are now turning their attention to the IEA’s upcomi...
Russian stocks up as main trading session opens
The MOEX and RTS indices added 0.12% to 2,725.91 and 1,126.21 points, respectively
Equinor Halves Scatec Stake as Focus Grows on Oil, Gas Output
Equinor ASA halved its stake in renewables developer Scatec ASA in a further realignment toward its core hydrocarbon business.
Malaysia races to go green as Iran war squeezes oil supply
Malaysia is doubling down on renewables to secure its energy future, its deputy prime minister has said, as the government scrambles to mitigate the fallout from an escalating energy crisis triggered by the Iran war. Tehran all but shut access to the Strait of Hormuz last month in retaliation for the US and Israel’s attacks, disrupting a key energy chokepoint through which about 25 per cent of global seaborne oil trade and nearly a fifth of global liquefied natural gas exports pass – much of...
UK hit with big IMF growth downgrade as Iran war fuels inflation
BusinessInternationalUK hit with big IMF growth downgrade as Iran war fuels inflationBy Reuters -Apr 14, 2026UK suffered the sharpest cut to economic growth forecasts for large rich economies by the International Monetary Fund on Tuesday, reflecting the country’s costly exposure to the inflationary impact of the Iran war. As finance minister Rachel Reeves, who was due to arrive in Washington for the Fund’s Spring Meetings, said on Tuesday it was a “folly” for the US to have no clear exit plan...
Switzerland Says It’s Ready to Help in Talks to End Iran War
Switzerland said it’s ready to provide diplomatic support to efforts to end the Iran war amid speculation that the country could host talks between Tehran and Washington in Geneva.
Iran War Wipes Out Global Oil Demand Growth This Year, IEA Says
Global oil demand will decline this year for the first time since the 2020 pandemic as a price surge caused by the Middle East conflict wipes out growth, the International Energy Agency said.
ECB’s Rehn Says Inflation to Quicken But Rate Path Not Locked In
European Central Bank Governing Council member Olli Rehn said the Iran war will drive inflation higher this year but policymakers can’t commit to a path for borrowing costs.
Drone Hits on Russia Ports Put Indian Refining at Risk, IEA Says
Ukraine’s drone strikes on key Russian oil-export outlets in the Baltic and Black seas may put India’s crude-refining operations at risk in the near future, according to the International Energy Agency.
Police watchdog investigates handling of inquiry into Wimbledon crash that killed two schoolgirls
Independent Office for Police Conduct examines allegations that the race of victim’s’ families influenced conduct of officersThe police watchdog is investigating complaints made against 11 officers over their handling of an inquiry into a road crash that killed two schoolgirls.The Independent Office for Police Conduct (IOPC) has confirmed that the officers, including a serving commander and a detective inspector, are being investigated over alleged gross misconduct. Continue reading...
Goldman Executive Sells $13 Million Hong Kong Home to PE Veteran
A senior manager at Goldman Sachs Group Inc. has sold his Hong Kong home to a private equity veteran for about $13 million, marking another high-profile residential transaction in the Asian financial hub.
Crypto-based prediction markets popular but risky for Hong Kong users: experts
Prediction markets are surging in popularity as cryptocurrency-based gambling platforms offering diverse gameplay and attractive odds, observers have said, warning against the risks of reneged payouts after the Hong Kong government halted plans for legalised basketball betting. They also warned on Tuesday that Hong Kong residents who participate in these platforms, which use cryptocurrency for transactions, could be breaking gambling laws while falling into unregulated contract disputes with the...
BP sees ‘exceptional’ oil trading result as Iran war sends crude costs soaring
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US-Sanctioned Tanker Tests Trump's Hormuz Blockade | Daybreak Europe 4/14/2026
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. On today's show, a US-sanctioned tanker linked to China is making its way through the Strait of Hormuz, testing President Donald Trump’s naval blockade. Rich Starry was blacklisted by Washington in 2023 for helping Tehran evade energy sanctions. It's making its second attempt in 24 hours to exit the Persian Gulf. Global stocks are rallying and oil fell on hopes of more talks between Iran and the US. US Vice President J...
It's Positive While Talks Are the Focus: 3-Minutes MLIV
Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
Saudi Arabia Urges US Back to Iran Talks as Other Oil Routes Face Risk
Saudi Arabian officials are warning the US that its move to impose a blockade on Iranian ports following failed negotiations could backfire, triggering even wider global energy disruption, according to media reports.
Asia Markets Begin Clawing Back War Losses on Easing Tensions
Asian markets, among the hardest hit by the Iran war, are starting to recoup those losses, signaling investors are growing more confident that tensions in the Middle East will ease.