Business

The escalating Iran war is driving a severe global energy crisis, impacting oil prices, gas supplies, and necessitating calls for energy conservation while shaping U.S. military operations and international sanctions.

Global markets are reacting to the Iran war with rising UK borrowing costs, investor concerns over inflation, and central banks bracing for interest rate changes as **Blackstone’s credit fund reports losses and Nobel laureate Christopher Sims** is remembered for his economic insights.

The media industry is undergoing significant change with Pentagon press restrictions ruled unconstitutional and CBS News Radio ending operations amid layoffs, while the AI landscape sees debate over AI regulation, tech worker adoption, and allegations of AI use in publishing.

Elon Musk was found liable for Twitter investor losses, alongside K-Pop's global ambitions and **major M&A talks including Unilever's food division sale**; other key corporate news includes **XPeng’s first profit, Prestige Consumer Healthcare acquisitions, and Tesla Semi-truck success**.

Domestically, the IRS is phasing out paper checks and student loan delinquencies are at record highs, while Obamacare enrollment sees a mixed picture and Labour Party policy faces challenges amidst UK immigration debates and AI regulation concerns in the US.

Art Basel Hong Kong highlights global art market activity while Hong Kong's property market hopes for a bounce, alongside features on luxury travel and cultural narratives.

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