Economy

More than half of world’s 10 richest billionaires' fortunes erode amid geopolitical tensions

More than half of world’s 10 richest billionaires' fortunes erode amid geopolitical tensions

Bernard Arnault, owner of French fashion holding conglomerate, sees steepest decline versus his counterparts, while Elon Musk continues to be world’s richest man, increasing his wealth while seven out of 10 billionaires lose fortunes

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Gulf states mull new pipeline projects to bypass Hormuz: Report
02.04.2026

Gulf states mull new pipeline projects to bypass Hormuz: Report

Conflict revives plans for alternative oil, gas pipelines, with Gulf states seen prioritizing expansion of existing pipelines as officials warn new cross-border corridors would be costly, complex years from completion, Financial Times reports

Asian markets plunge after Trump’s Iran remarks dim ceasefire hopes
02.04.2026

Asian markets plunge after Trump’s Iran remarks dim ceasefire hopes

Japan's Nikkei down 2.5%, South Korea's Kospi plunges 5.5% after Trump says US to hit Iran 'extremely hard' over next 2 or 3 weeks

Oil prices jump over 6% as Trump threatens to hit Iran ‘extremely hard’
02.04.2026

Oil prices jump over 6% as Trump threatens to hit Iran ‘extremely hard’

Brent tops $107 amid fears of prolonged conflict and supply disruption

Intel to repurchase Apollo’s 49% stake in Ireland fab JV for $14.2B
01.04.2026

Intel to repurchase Apollo’s 49% stake in Ireland fab JV for $14.2B

Deal to be funded with cash on hand and about $6.5B in new debt, expected to support earnings, strengthen credit profile over long term

World Bank approves nearly $2B in financing for Istanbul railway project
01.04.2026

World Bank approves nearly $2B in financing for Istanbul railway project

Loan to fund rail line linking Istanbul’s Asian and European sides and major airports, with further financing expected, treasury minister says