Articles about Hit

Yara’s Svein Tore Holsether says it would be ‘catastrophic’ if the strait of Hormuz was closed for a year The boss of one of the world’s largest fertiliser companies has said global food supplies could be badly damaged this year if the Iran war becomes an extended conflict.Svein Tore Holsether, the chief executive of Norway’s Yara International, has called on global leaders to consider the impact that soaring food prices will have in some of the world’s poorest countries “before it is too late”. Continue reading...

A missile struck a helipad inside the US Embassy compound in Baghdad, with no casualties reported, amid stepped-up attacks by Iran-aligned militias on US interests in Iraq. The US Embassy renewed its Level 4 security alert for Iraq, warning of continued threats from Iran-backed groups targeting Americans and infrastructure. This follows a drone strike in northern Iraq that killed one French soldier and wounded others in a coalition base on Thursday. The incidents highlight rising risks for US diplomatic facilities as the Iran conflict intensifies.

A missile struck a helipad within the US Embassy compound in Baghdad, as reported by two security officials amid heightened attacks by Iran-aligned militias. The sprawling embassy, one of the largest US diplomatic facilities, faces renewed Level 4 security alerts warning of continued threats to US interests. This follows a drone strike in northern Iraq that killed one French soldier and wounded others in the international coalition. Pro-Iranian factions have intensified targeting of bases hosting US and coalition troops.[4][5]

The U.S. PCE inflation index reached 3.1% in February 2026 data released March 13, exceeding forecasts and fueling concerns over persistent price pressures. This reading, alongside Brent oil hitting $100, pushed back expectations for Federal Reserve rate cuts into late 2026. Economists note the figure complicates the Fed's dual mandate amid slowing GDP growth. Markets now price in steady rates through mid-year.

The New Scientist Book Club enjoyed our February read, Tim Winton's far-future-set Juice. Head of books Alison Flood rounds up member thoughts

Need something brilliant to read this weekend? Here are six of our favourite pieces from the last seven days Continue reading...

Bolivian interior ministry says Sebastián Marset is being extradited to US, where he’s wanted for money launderingSign up for the Breaking News US email to get newsletter alerts in your inboxSebastián Marset, an alleged Uruguayan drug trafficker and one of South America’s most wanted criminals, has been arrested in Bolivia.Marset, 34, is accused of trafficking tonnes of cocaine from South America to Europe, and also of having ordered the murder of a Paraguayan prosecutor who was shot dead as he honeymooned on a Colombian beach in 2022. Continue reading...

A missile struck a helipad inside the US Embassy compound in Baghdad on March 13, 2026, as reported by two security officials, prompting a renewed Level 4 security alert for Iraq due to threats from Iran-aligned militias. The embassy, one of the largest US diplomatic facilities, has faced repeated rocket and drone attacks, with militias recently intensifying strikes on bases hosting US and coalition troops. A separate drone strike in northern Iraq on March 12 killed one French soldier and wounded others in an international coalition force. These incidents underscore rising risks to US personnel as the US-Iran war drags into its third week.

A missile struck a helipad inside the US Embassy compound in Baghdad on March 13, 2026, according to two Iraqi security officials, prompting a Level 4 security alert renewal for US interests in Iraq. Iran-aligned militias have intensified rocket and drone attacks on the embassy and bases hosting US-coalition troops, following recent US strikes on Iran. The incident underscores rising risks to American personnel, coming a day after a drone strike in northern Iraq killed one French soldier and wounded others in the anti-ISIS coalition. US diplomats warn of potential continued targeting by Iran-backed groups amid the escalating regional conflict.

US Treasury volatility reached a nine-month high on March 13, 2026, driven by surging oil prices and tariff announcements stoking inflation worries. Bond market turbulence reflects broader economic uncertainty from geopolitical risks with Iran. Traders now price in a full Federal Reserve rate cut this year despite persistent inflation pressures. This spike underscores fragile market sentiment ahead of key economic data releases.

Adobe reported Q1 2026 earnings on March 13 beating top and bottom lines but faced declines in annual recurring revenue for its traditional stock photo segment due to AI-generated imagery competition. AI disruption battered the segment, leading to a tough post-earnings stock reaction. ARR imagery revenue fell notably as users shift to generative tools. This underscores AI's transformative pressure on creative software markets.

Adobe reported Q1 2026 earnings beat on top and bottom lines but faced pressure in its traditional stock photo segment battered by AI-generated imagery, disclosed March 13, 2026. Annual recurring revenue in imagery declined due to generative AI disruption. CEO Shantanu Narayen noted market momentum persists for core products despite challenges. This highlights ongoing AI transformation in creative industries.