‘All bets are off’: European borrowing costs hit 15-year highs as investors brace for rate hikes
Bonds issued by various European countries continued to sell off on Friday, deepening a rout that has been mostly continuous since the U.S.-Iran war began.
Novartis shells out $2 billion for immunology biotech Excellergy, in second multi-billion dollar deal in a week
The Swiss pharma giant is betting on a next-generation allergy treatment that may prove to work faster and better than anything currently on the market.
Why airlines are paying more for sustainable aviation fuel — and who bears the cost
The main ingredient in sustainable aviation fuel (SAF) is used cooking oil — and the world is running out of it. As governments push ahead with mandates to drive down carbon emissions, limited supply and higher demand are pushing prices two to five tim…
India takes a ‘huge hit’ on tax revenue to keep fuel prices from surging during the Iran war
India takes a huge tax revenue hit as it cuts fuel excise duties to shield consumers from soaring oil prices caused by the Iran war.
Huawei’s new AI chip finds favor with ByteDance, Alibaba which plan to place orders, Reuters reports
Customer testing of Huawei’s new AI chip has gone well, with tech giants ByteDance and Alibaba planning to place orders, people familiar with the matter said.
Foreign investors pull a record $12 billion from Indian stocks, sparked by Iran war
Foreign investors are pulling out a record $12 billion from Indian equities as the Iran conflict drives up energy costs and raises doubts on economic growth.
Ukraine, Saudi Arabia sign defense deal as U.S. reportedly weighs redirecting Kyiv aid
Zelenskyy met Gulf leaders to seek support for Kyiv as the U.S. reportedly weigh diverting military resources to the Middle East.
CNBC Daily Open: ‘Period of destruction’ paused after Iran’s ‘present’
President Trump says he will extend a pause on Iranian energy attacks to April 6 after 10 ships were allowed passage through the Strait of Hormuz.
‘Not unlike tariffs’: Iran war threatens to deepen Asia private equity’s worst fundraising slump in a decade
The Middle East war has introduced a new layer of uncertainty for Asia-focused private equity managers already navigating a multiyear fundraising slump.
