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Seoul shares collapsed more than 12 percent as Asian equity markets were hit by panic selling Wednesday, while oil rose amid fears the US-Israel war on Iran will fan inflation and hammer the global economy.

Asian equity markets plunged again Wednesday while oil extended gains as the United States and Israel pressed on with their war on Iran, with investors growing fearful about a surge in inflation and the impact on the global economy.

Europe should focus on competing in industrial AI, a top executive at German software giant SAP said, as the continent plays catch-up in the race for the cutting-edge technology against the United States and China.

In a Shanghai shopping centre, customers browsed racks of used winter coats, $2 trousers and household appliances -- pre-used items that would have been out of place in a major Chinese mall a decade ago.

CLEVELAND, OHIO / ACCESS Newswire / March 4, 2026 / Formerra, LLC ("Formerra"), a leading distributor of engineered thermoplastic resins, additives, elastomers, and other specialty materials, today announced the appointment of Tom Kelly as Chief Executive Officer ("CEO"). A seasoned executive with over 30 years of specialty and engineered materials experience, Tom is known for leading teams to drive differentiated growth and building high-performing organizations set up for long-term success. The former CEO, Cathy Dodd, will stay on as Special Advisor to the Board and will remain an investor in the Company.

Iran expanded its retaliatory missile and drone barrage across the Middle East on Tuesday, hitting another US consulate and base, even as the United States and Israel said they had pummeled key sites inside Tehran.

Drones and missiles hit oil facilities and US diplomatic missions in the Gulf on Tuesday as Iran retaliated to fresh strikes.

US equities joined a global equity rout Tuesday due to surging oil prices, but cut their losses after President Donald Trump announced steps to safeguard commerce in the Strait of Hormuz.

A federal judge ruled on Tuesday that US President Donald Trump cannot block New York City from charging motorists to drive in congested parts of Manhattan.

US-Israeli strikes in Iran, and Tehran's retaliation, are set to trigger a surge in US gas prices with a potential knock-on inflationary hit that could pile pressure on President Donald Trump domestically as midterm elections approach.

German Chancellor Friedrich Merz on Tuesday backed the aims of the US-Israeli war on Iran but called for its early end, voicing fear for the global economy, as he visited the White Hosue.

US and Israeli strikes pummelled targets across Tehran on Tuesday, as President Donald Trump warned it was "too late" for Iran to seek talks to escape a war now in its fourth day.

Energy prices surged on Tuesday, sending stocks tumbling and the dollar rising as investors worried about inflation and the inability of central banks to help with interest rate cuts.

Donald Trump hosted German Chancellor Friedrich Merz on Tuesday for the US president's first meeting with a foreign leader since joining Israel in strikes on Iran that have dragged the Middle East into war

Asia and Europe's oil reserves can soften the immediate impact of the Middle East war sparked by US and Israeli strikes on Iran, but a prolonged conflict could trigger major disruptions and sharp price increases, analysts warn.

Iran stepped up its attacks on economic targets and US missions across the Middle East on Tuesday as President Donald Trump warned it was "too late" for the Islamic republic to seek talks to escape the war.

The UK government cut its 2026 growth forecast on Tuesday, as Britain's finance minister delivered a fiscal update overshadowed by concerns over the economic fallout from the Iran war.

Oscar-winner Cillian Murphy and other stars have descended on Birmingham for the "Peaky Blinders" movie world premiere, with England's so-called second city in raptures over its signature show getting the Hollywood treatment.

Global stock markets dived, energy prices surged and the dollar gained Tuesday as the Iran war drove volatility across global financial markets and roiled companies worldwide.

Drones hit the US embassy in Riyadh on Tuesday as Iran hit back at industrial and diplomatic targets across the Middle East and Washington warned its citizens to evacuate the entire region.

Oil prices extended gains while the dollar and equities tumbled Tuesday as investors kept tabs on the widening war in the Middle East.

The warming El Nino weather phenomenon could return later this year as its cooling opposite La Nina fades away, the United Nations said Tuesday.

Oil prices extended gains while the dollar and equities tumbled Tuesday as investors kept tabs on the Middle East where the United States and Israel continued to bombard Iran, while Tehran launched further strikes on its neighbours.

US President Donald Trump hosts Germany's Friedrich Merz on Tuesday for his first visit with a foreign leader since joining Israel in strikes on Iran that have dragged the Mideast into war

The second-hand market for smartphones has surged in recent years, borne up by lower prices as well as interest in eco-friendly consumption even as some still fear buying a dud.

Slick AI-generated disinformation has flooded election campaigns in Nepal, which votes Thursday in the first polls since deadly protests triggered by a brief ban on social media overthrew the government.

Throughout her first pregnancy, Wang Yifan had lots of questions, which she usually put to renowned obstetrician Duan Tao -- or rather, an AI clone of the top Shanghai-based doctor.

Oil prices extended gains and equities fell Tuesday as investors kept tabs on the Middle East as the United States and Israel continued to bombard Iran, while Tehran launched further strikes on neighbours.

With few captains willing to brave the Strait of Hormuz as war rages around the Gulf, companies will have to do business without one of the world's most vital shipping lanes, especially for oil and gas.

From racial tensions and school shootings to abortion and the prison system, this year's Oscar-nominated documentary short and feature films are taking a hard look at American society.

In the bowels of a Bolivian mine that made the Spanish empire fabulously wealthy 500 years ago, high prices are driving a new silver rush -- with tragic consequences.

US President Donald Trump warned that his attack on Iran could extend longer than a month, as the war spread Tuesday with Israel bombarding Lebanon and Tehran targeting US allies in the Gulf, including drones hitting the US embassy in Saudi Arabia.