Author: ALJAZEERA

Brent crude rises more than 7 percent as Washington and Tehran offer conflicting accounts on ceasefire negotiations.Published On 20 Apr 202620 Apr 2026Oil prices have risen sharply following attacks on commercial vessels in the Strait of Hormuz and conflicting messages about the prospect of renewed negotiations between the United States and Iran.Brent crude futures, the primary benchmark for global prices, jumped more than 7 percent in Asia on Monday as the outlook for peace between Washington and Tehran darkened.Recommended Stories list of 4 itemsend of listPrices eased somewhat later in the morning, with the benchmark at $94.69 a barrel as…

For Turkiye’s government, the Iran war has complicated efforts to turn around an economy still reeling from one of the worst financial crises in the country’s history.But even as the conflict has driven up Turkiye’s fuel prices and forced authorities to dip into their precious foreign currency reserves to defend the lira, it has also presented an opportunity.Recommended Stories list of 4 itemsend of listAs the fallout of the war has reverberated across the Middle East, Ankara has jumped at the chance to promote Turkiye as a model of security and stability for businesses and investors.While Iranian missiles and drones…

The company’s stock plunged about 8 percent on the news of Hastings’s departure.Published On 16 Apr 202616 Apr 2026Netflix Chairman Reed Hastings is leaving the streaming service he cofounded 29 years ago as the company regains its footing after it lost its $72bn deal for Warner Bros Discovery to Paramount Skydance.In a letter to investors released on Thursday, Netflix said Hastings will not stand for re-election at its annual meeting in June and plans to focus on philanthropy and other pursuits.Recommended Stories list of 4 itemsend of listThe company’s stock plunged about 8 percent on the news of Hastings’s departure.…

Published On 15 Apr 202615 Apr 2026A New York jury has found that concert giant Live Nation and its subsidiary Ticketmaster had a harmful monopoly over big concert venues, dealing the company a loss in a lawsuit over claims brought by dozens of states in the United States.A Manhattan federal jury deliberated for four days before reaching its decision on Wednesday in the closely watched case, which gave fans the equivalent of a backstage pass to a business that dominates live entertainment in the US and beyond.Recommended Stories list of 4 itemsend of listAt the end of the proceeding, the…

The International Monetary Fund (IMF) has lowered its global economic growth forecast as tensions between the United States and Iran have driven up energy and food costs globally.The IMF said on Tuesday that it expected the global economy to grow by 3.1 percent this year, a slowdown from its earlier forecast of 3.3 percent, which it had released before the US and Israel began their war on Iran on February 28.Recommended Stories list of 4 itemsend of listSince then Iran has retaliated by closing the Strait of Hormuz, a critical chokepoint for oil and gas supplies, and has attacked energy…

Relief for global markets comes after Trump says Iranian officials are keen on a deal.Published On 14 Apr 202614 Apr 2026Asia’s main stock markets have surged, and oil prices have declined amid renewed hopes for ceasefire talks between the United States and Iran.The relief for global markets on Tuesday came after US President Donald Trump said overnight that Iranian officials had reached out to his administration and expressed their openness to a deal.Recommended Stories list of 4 itemsend of list“We’ve been called by the other side, and they would like to make a deal very badly,” Trump said in remarks at…

In interview with Al Jazeera, chief of the International Maritime Organization says world should reject tolls in waterway.Iran’s bid to charge ships tolls to transit the Strait of Hormuz is illegal and should be rejected by the international community, the head of the global shipping watchdog has said, as uncertainty hangs over the country’s fragile truce with the United States.Iranian authorities have demanded the right to impose tolls on vessels transiting the strait, including after the end of the war.Recommended Stories list of 4 itemsend of listUS President Donald Trump has also floated the possibility of a “joint venture” for…

The case is to overturn the temporary tariffs that Trump imposed after the Supreme Court struck down his earlier ones.Published On 10 Apr 202610 Apr 2026The centrepiece of United States President Donald Trump’s economic policy — sweeping taxes on global imports — is under legal assault again.A three-judge panel of the US Court of International Trade, a specialised court in New York, is hearing oral arguments on Friday in an attempt to overturn the temporary tariffs Trump turned to after the Supreme Court in February struck down his preferred choice — even bigger, even more sweeping tariffs.Recommended Stories list of…

The tit-for-tat tariff increase comes amid cross-border tensions over illicit drugs and the fate of Ecuadorian politician Jorge Glas.Published On 10 Apr 202610 Apr 2026Colombia’s Ministry of Commerce, Industry and Tourism has announced it will raise tariffs on neighbouring Ecuador to 100 percent from 30 percent.The sum, confirmed on Friday, will match the rate Ecuador set a day earlier, amid an escalating trade and diplomatic spat between the two South American nations.Recommended Stories list of 3 itemsend of listEcuador has in recent months hiked tariffs against its eastern neighbour, citing a trade deficit and accusing Colombia of not doing enough…

Washington, DC – Preliminary data from the Organisation for Economic Co-operation and Development (OECD) has found that international development aid from its members dropped by about 23 percent from 2024 to 2025.Much of that decline was attributed to a major shortfall in funding from the United States.Recommended Stories list of 3 itemsend of listThe forum, which includes many of the the largest economies across Europe and the Americas, said on Thursday that the US saw a nearly 57 percent drop in foreign aid in 2025.The OECD’s four other top contributors — Germany, the United Kingdom, Japan and France — also…