The Iran war likely drove up US consumer prices in March, economists predicted ahead of key inflation data expected this week. The inflation spike could be the largest one-month jump since 2022, Bloomberg wrote, as the closure of the Strait of Hormuz caused gas prices to surge. The price hikes ...
Day: April 6, 2026
Food shortage fears grow in AsiaFood shortage fears grow in Asia
The Iran war is heightening concerns over a looming food crisis in Asia. Malaysians are stockpiling staples, Central Asia is seeing higher prices for dried goods and vegetables, and farmers in India and Sri Lanka are anxious about fertilizer shipments stranded in the Strait of Hormuz. “We are praying this ...
Pope Leo XIV calls for peace in first Easter addressPope Leo XIV calls for peace in first Easter address
Pope Leo XIV warned the world is becoming “accustomed to violence,” urging leaders in his first Easter address to end conflict and prioritize dialogue. Leo has spoken out against the Iran war, lobbying for an “off-ramp.” After the US defense secretary prayed for “overwhelming violence” against Iran, Leo said Jesus ...
AI startups boost Hong Kong IPOsAI startups boost Hong Kong IPOs
Listings on Hong Kong’s stock exchange reached a five-year high in the first quarter of 2026, driven by investor appetite for AI and chips. The two best-performing IPOs this year, Zhipu and MiniMax, are among China’s “AI tigers,” a group of top-tier firms. Beijing has looked to cool, but not ...
Trump issues expletive-laden threat to Iran over Hormuz Strait blockageTrump issues expletive-laden threat to Iran over Hormuz Strait blockage
The US president says he will destroy Iranian power plants and bridges if the vital waterway is not reopened. ...