Asian Markets Weaken as Rising Oil Prices Revive Inflation Concerns
Asian shares edged lower as higher oil prices and escalating Saudi-Houthi hostilities outweighed optimism generated by new Wall Street records.
Asian shares edged lower as higher oil prices and escalating Saudi-Houthi hostilities outweighed optimism generated by new Wall Street records.
Yemen’s Houthis have attacked Aden International Airport with missiles and drones as renewed fighting spreads around strategic Red Sea routes.
Turkey, Pakistan and Saudi Arabia have activated collective-defence measures providing for the rapid deployment of agreed forces and capabilities after escalating Houthi attacks.
Tesla is intensifying its campaign for European approval of its supervised Full Self-Driving system while safety experts question the evidence supporting its claims.
Turkish police have detained 17 people in an investigation into alleged bid-rigging and bribery involving contracts at Istanbul’s Esenyurt Municipality.
Senior Turkish, Saudi and Pakistani officials are meeting in Riyadh to review regional security and advance the institutional structure of their joint defence alliance.
Turkey’s Halkbank has begun an international investor roadshow for a secondary public offering, saying demand remains strong despite recent turbulence in local investment funds.
The euro has fallen to its weakest level against the dollar since May 2025 as investors focus on France’s rising debt, budget deficit and political uncertainty.
The United States added only 29,000 jobs in September and unemployment edged up to 4.2 percent, weakening the case for another near-term interest-rate increase.
Federal forces and allied militias are reported near Tigray’s capital Mekelle, raising fears that renewed fighting could widen across the Horn of Africa.