Stock markets in Asia drop sharply, with investors nervous over escalation of Middle East conflictBusiness live – latest newsThe price of oil has risen sharply to $116 a barrel after Donald Trump said he wanted to “take the oil in Iran”, sending Asian stock markets tumbling.Brent crude, the international benchmark for oil, rose by 2% in early trading on Monday, after Trump said that he could seize the Iranian export hub of Kharg Island. Continue reading...
More assistance to businesses amid ballooning petrol prices expected to be discussed as prime minister and premiers meet. Follow updates liveGet our breaking news email, free app or daily news podcastGood morning, Krishani Dhanji with you here for the final sitting week of the month, and the final sitting week before the budget.The prime minister will convene the national cabinet again today, the second since the US and Israeli strikes on Iran. And this morning the government will introduce legislation to underwrite fuel supplies into Australia. Continue reading...
Derbyshire police said a number of people had been injured, some of them seriously, in the incident in the city centreA man has been arrested after a car hit and injured pedestrians in Derby on Saturday.Derbyshire police said a number of people had been injured, some of them seriously, in the incident in the city centre. Continue reading...
Low pressure brings unsettled conditions to southern Europe, and rain and snow to western and central areasSouthern Europe has been under a variety of severe weather warnings this week owing to widely unsettled conditions driven by an area of low pressure in the region. This area of low pressure – previously a part of the system that brought colder conditions to swathes of the UK earlier this week – moved southwards across Europe through the middle of the week.In doing so, it brought a cold front across western and central parts of Europe, with spells of rain and hill snow across the Alps on Wednesday, followed by snow showers on a brisk north-westerly wind. By Friday morning, accumulations of 20-40cm were expected above 600 metres, and with 60-100cm above 1,000 metres in the Swiss Alps. Continue reading...
Negotiations to end funding standoff sparked by Trump administration’s immigration crackdown fail to find a breakthroughSign up for the Breaking News US emailHello and welcome to the US politics live blog.There was no breakthrough in talk to reopen the Department of Homeland Security (DHS) on Wednesday as the shutdown extends to almost six weeks with no end in sight.The acting head of the Transportation Security Administration (TSA) said on Wednesday that airports across the country are experiencing the “highest wait times in TSA history”, as the partial shutdown of the DHS enters its sixth week. At a House homeland security committee hearing, Ha Nguyen McNeill said her agency has been shut down for 50% of the fiscal year so far – a stretch that includes last year’s record-breaking 43‑day lapse in federal funding. She told lawmakers that by Friday, TSA employees will have missed $1bn in paychecks as a result of the closures. More here.The US has launched another strike on a vessel in the Caribbean, killing four people, the US Southern Command said. The command, which oversees combatant operations in Latin America and the Caribbean, announced on X that it had conducted a “lethal kinetic strike on a vessel operated by Designated Terrorist Organizations”. More here.Progressive lawmakers have unveiled a new policy to place a moratorium on the construction of AI datacenters. The policy, announced by Bernie Sanders, an independent senator from Vermont, and Alexandria Ocasio-Cortez, a New York Democratic representative, aims to ensure the AI boom protects the environment and communities, and benefits workers instead of harming them. More here.The Trump administration’s federal housing director Bill Pulte is asking prosecutors to investigate New York attorney general Letitia James for insurance fraud, according to criminal referrals reported by MS Now and CBS News. The referrals to prosecutors in Florida and Illinois allege that James may have committed mortgage insurance fraud. The allegations center on applications made to Universal Property Insurance company, which is based in Florida, and Allstate in Illinois. More here. Continue reading...
• The US long winter COVID-19 wave is ending with all major metrics showing declines or plateaus in SARS-CoV-2 spread nationwide as of mid-March 2026.
• COVID-19 test positivity dropped to 2.5% for the week ending March 14, the lowest since 2022, while emergency department visits for COVID reached just 0.4%.
• Cases are declining or likely declining in 45 states per CDC forecasts as of March 17, with flu-like illness visits down 12% to 3.3% and RSV levels also falling.
Israeli PM says ‘there’s more to come’ while Iran’s IRGC promise to attack ‘without restraint’ if conflict continuesMiddle East crisis – live updatesAn Iranian missile struck central Tel Aviv on Tuesday and the Israeli prime minister, Benjamin Netanyahu, vowed to continue striking Tehran and Lebanon, dimming hopes of de-escalation after Donald Trump played up the chances of a deal to end the conflict.“There’s more to come,” Netanyahu said in remarks that appeared to corroborate those of three Israeli officials who told Reuters they thought it was improbable that Iran would accept US demands in any new round of negotiations. Continue reading...
First responders report 33 injured at multiple sites in Dimona, including a 10-year-old boy in serious conditionMiddle East crisis live – latest updatesAn Iranian missile has hit the Israeli town of Dimona, home to a nuclear facility, in what Iran said was retaliation for strikes on its own nuclear site at Natanz.Dimona hosts a facility just outside the main town widely believed to possess the Middle East’s sole nuclear arsenal, although Israel has never admitted to possessing nuclear weapons. Continue reading...
Britons are likely to have little loyalty to the car park operator as it goes into administration with a £305m debt burdenNearly a century old and once host to London fashion week, the NCP car park in Brewer Street in London’s Soho is facing an uncertain future. Its former glories – which at one time included separate rooms for chauffeurs and changing rooms for theatregoers – have long given way to complaints about a lack of security and high parking charges, but this week things got worse.National Car Parks, one of the UK’s biggest car park operators, which dates back to 1931, filed for administration at the high court in London after struggling to pay its rents and buckling under a £305m mountain of debt. This means the future of 340 car parks across the UK, in town and city centres, at hospitals and airports, is uncertain along with the fate of 682 people who work for the Japanese-owned business. Continue reading...
Flight 41 from Los Angeles encountered patch of rough air shortly before landing in Sydney, leaving four crew injuredThree flight attendants were taken to hospital from Sydney airport on Friday morning after their plane hit a bad patch of turbulence just before landing.Delta flight 41 from Los Angeles encountered the turbulence during its descent into Sydney, with four crew members injured, a Delta spokesperson confirmed. Continue reading...
• Johnson & Johnson has received FDA approval for a new psoriasis treatment pill, expanding therapeutic options for patients with the chronic skin condition.
• The United States smoking rate has quietly reached a historical low, reflecting decades of public health efforts and tobacco control policies.
• These developments represent significant milestones in pharmaceutical innovation and public health outcomes across different therapeutic areas.
Rolling coverage of the latest economic and financial newsUK wage growth slows sharply as unemployment holds steadyFed holds interest rates steady as Iran war drives up oil prices and inflation fearsMiddle East crisis live: Trump threatens to ‘blow up’ entire South Pars gasfield if Iran strikes QatarUK wage growth has slowed to a five-year low, in a worrying sign for workers as the Middle East crisis pushes up energy costs.Average pay (excluding bonuses) rose by 3.8% in the three months to January, down from 4.1% in October-December 2025, the Office for National Statistics reports.“With unemployment staying steady at 5.2% and a rare gain in payrolls employment, this report paints a mildly more positive picture of the labour market. And with wage growth softer again, in normal times this would have been a relatively reassuring report for the Bank of England.But the report feels stale in light of the Iran conflict, and the inflation risks stemming from the large spike in energy prices. So while today’s Bank of England meeting had once looked like the likely point of the next rate cut, instead policy is set to be kept on hold today as policymakers give themselves more time to see how the conflict plays out. Continue reading...
Only half the road network is in good condition despite 1.9m repairs last year, says industry bodyA losing battle with potholes has now seen the backlog of repairs across England and Wales reach a record £18.6bn, according to an annual industry estimate, despite councils filling in about 1.9m holes last year.The “national disgrace” of dangerously pockmarked local roads has been exacerbated by a notably wet winter, with only half of the network now reported to be in good condition. 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.
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.
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.