Business

The escalating Iran war is significantly impacting global markets, driving oil prices to 2023 highs and prompting warnings of energy export halts from the Gulf, alongside concerns about shipping safety in the Strait of Hormuz and volatile stock and bond markets.

A weaker-than-expected US jobs report for February, showing **92,000 jobs shed and a 4.4% unemployment rate, has sparked political debate and intensified concerns about inflation driven by surging gas prices, further complicating the Federal Reserve's monetary policy decisions**.

Major corporate news includes Oracle and OpenAI scrapping a data center deal, Saks Fifth Avenue shrinking its physical footprint, and Axel Springer acquiring the Daily Telegraph, while prediction markets eye significant valuations and AI filmmaking sees Netflix acquire InterPositive.

A divisive FDA vaccine regulator's resignation and calls to reassess Britain's electoral system highlight political movements, while the Pokémon Company objects to White House memes, and historical retrospectives cover influential figures like Julia Child and Estée Lauder.

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