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Global music market grows, calls for AI compensation: industry body

The global music industry generated $31.7 billion last year, driven by online streaming, industry body IFPI said Wednesday, as it called on the sector to ensure AI-generated content compensates musicians.

Troubled waters: Thai fishermen marooned by rising fuel costs

With his belongings stuffed into a plastic bag, Thai fisherman Narongsak Kongsuk heads home, far from the sea.

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'No indication' Iran nuclear installations hit: IAEA

The head of the UN's nuclear watchdog said on Monday his agency has "no indication" that any nuclear installations have been damaged or hit in Iran following US and Israeli strikes on the country.

Showdown looms between Tesla and German union

An industrial relations showdown looms this week as Germany's powerful IG Metall union is seeking to gain control of the works council at US billionaire Elon Musk's Tesla plant outside Berlin.

France arrests activists blocking ship over alleged Russia uranium links

Police arrested four Greenpeace activists on Monday for blocking a cargo ship in France that they alleged was transporting uranium from Russia for the country's nuclear power plants.

Canada and India strike agreements on rare earth, uranium

India and Canada on Monday reached a string of agreements, including on critical mineral cooperation and a "landmark" uranium supply deal for nuclear power, the countries' leaders said in New Delhi.

Crude, gas prices soar and stocks drop after US strikes on Iran

Oil and gas prices soared while stocks fell in Asia on Monday after US-Israeli strikes on Iran sent investors fleeing the prospect of an extended conflict in the crude-rich Middle East.

UK toughens asylum rules to discourage migration

The United Kingdom's overhaul of its asylum program takes effect on Monday, the Home Office announced, with the new rules drastically cutting protections for refugees and their children.

Crude soars, stocks drop after US strikes on Iran

Oil prices soared and stocks fell in Asia on Monday after US-Israeli strikes on Iran sent investors fleeing the prospect of an extended conflict in the crude-rich Middle East.

Affiliate of Pacific Avenue Capital Partners to Acquire Care.com from IAC

LOS ANGELES, CA / ACCESS Newswire / March 2, 2026 / Pacific Avenue Capital Partners ("Pacific Avenue"), a Los Angeles-headquartered private equity firm focused on corporate carve-outs and other complex transactions in the middle market, today announced that an affiliate of Pacific Avenue has entered into an agreement to acquire Care.com from IAC Inc. (NASDAQ:IAC).

Maersk suspends vessel transit through Strait of Hormuz

Maersk, the major container shipping company, said Sunday it was halting passage through the Suez Canal and the narrow Strait of Hormuz in the Gulf, next to Iran, for "safety" reasons.

EU warns against long war, urges 'credible transition' in Iran

The EU warned Sunday against a prolonged war in the Middle East, saying further escalation could threaten Europe and beyond, as it urged Iran to refrain from indiscriminate retaliation after US-Israeli strikes.

First US service members killed in operation against Iran

Three members of the US military have been killed and five others wounded in the operation against Iran, the Pentagon said Sunday, announcing the first American deaths in the US-Israeli campaign that killed the Islamic republic's supreme leader.

Flights of fancy at Bottega Veneta, atmospheric mood at Armani in Milan

Grey and brutalist, showy and shimmering -- the stark contrasts of the Italian fashion capital of Milan fuelled the creative mind of Bottega Veneta's Louise Trotter in her second collection for the brand.

Iran launches fresh strikes across Gulf after vowing revenge for slain leader

Iran launched strikes across the Gulf on Sunday after vowing to avenge slain supreme leader Ayatollah Ali Khamenei, defying a threat from President Donald Trump to strike with unprecedented force.

OPEC+ hikes oil production by more than expected following outbreak of Iran war

Key members of the OPEC+ oil cartel announced a greater-than-expected increase to production quotas on Sunday following US and Israeli strikes on Iran that triggered retaliation by Tehran across the Middle East.

OPEC+ mulls oil production increase in shadow of war

As a fresh Middle East conflict risks sending oil prices sharply higher, Saudi Arabia, Russia and six other key members of the OPEC+ alliance are widely expected to announce an output increase Sunday, analysts say.

Iran leader Khamenei killed in massive US and Israeli attack

Ayatollah Ali Khamenei, Iran's supreme leader since 1989 and sworn enemy of the West, was killed in the opening salvo of a massive US and Israeli attack that extended into a second day Sunday, as the two powers seek to topple the Islamic republic.

Will Oscars be 17th time lucky for songwriter Diane Warren?

Diane Warren has become something of a fixture at Hollywood's annual Oscars ceremony.

Trump says Khamenei is dead after Israel, US attack Iran

US President Donald Trump said Saturday that Iran's supreme leader Ayatollah Ali Khamenei was dead, after Israel and the United States launched an attack of unprecedented scale aimed at bringing down the Islamic republic.

Netanyahu says 'many signs' Khamenei is dead after Israel, US attack Iran

Israeli Prime Minister Benjamin Netanyahu said Saturday that there were "many signs" Iran's supreme leader Ayatollah Ali Khamenei was dead, after Israel and the United States launched an attack of unprecedented scale against the Islamic republic.

Vietnam AI law takes effect, first in Southeast Asia

A law regulating artificial intelligence went into effect in Vietnam on Sunday, making it the first country in Southeast Asia with a comprehensive framework on the booming technology.

US, Israel launch attack on Iran, Tehran hits back with strikes across region

The US and Israel launched an attack of unprecedented scale against Iran on Saturday, reportedly killing more than 200 people, with Tehran launching a retaliatory missile barrage that sent people running for cover across the Middle East.

US and Israel launch strikes on Iran, explosions reported across region

The United States and Israel launched strikes against Iran on Saturday, with Israel's public broadcaster reporting that supreme leader Ayatollah Ali Khamenei had been targeted, as the Islamic republic retaliated with barrages of missiles at Gulf states and Israel.

Costa Rica's Grynspan pledges reform in bid for UN chief job

Rebeca Grynspan is upbeat about her chances of becoming the next head of the United Nations, which she insists must become more agile in tackling the world's crises.

Oil prices jump on Iran attack fears while US stocks fall

Crude oil prices jumped Friday as worries about a possible US attack on Iran rose while Wall Street stocks slid amid anxiety over artificial intelligence and data showing an uptick in US inflation.

Trump says frustrated with Iran talks as US personnel leave Israel

US President Donald Trump on Friday voiced frustration with Iran's stance in nuclear negotiations but said he had not yet decided whether to carry out a threatened attack, as US staff were authorized to leave Israel due to heightened risks.

French hard-left firebrand sparks row with 'antisemitic' Epstein jibe

France's hard-left firebrand Jean-Luc Melenchon has sparked new accusations of antisemitism after mocking the pronunciation of the name "Epstein" during a rally as calls grew on left-wing politicians Friday to break with the LFI leader.

Oil prices jump on Iran attack fears, Wall Street slips on AI

Crude oil prices jumped Friday as worries about a possible US attack on Iran rose while Wall Street stocks slid as tech stocks suffered.

Carmaker BMW to trial humanoid robots at German factory

German carmaker BMW said Friday it plans to deploy two AI-powered humanoid robots in a factory in a pilot programme for the first time this year.

For Roberto Cavalli designer, dreams come in all black

Black may have been the colour chosen by Roberto Cavalli's creative director for the new women's collection at Milan Fashion Week, but Fausto Puglisi is hardly feeling negative.

New Pokemon titles on horizon as 30th anniversary approaches

Pikachu and friends are set to return to consoles in two new games next year, the Pokemon Company said Friday, as it celebrated 30 years of the monster-collecting franchise.

OpenAI raises $110 bn in record funding round

OpenAI announced Friday a massive $110 billion funding round valuing the ChatGPT maker at $730 billion, with SoftBank, Nvidia and Amazon each making multi-billion-dollar commitments as the artificial intelligence company races to meet surging global demand.

Stocks slide, oil jumps tracking AI and Iran

US and European markets mostly fell on Friday with tech stocks suffering, while oil prices jumped as a standoff between Iran and the United States deepened.

Bombay Durpun - Economy (English)