News

'Resumption of hostilities': seized ship, vessel attacks push U.S.-Iran ceasefire toward brink

A U.S. seizure of an Iranian cargo ship and reports of vessels coming under fire in the Gulf have pushed a fragile ceasefire with Tehran to the brink.

CNBC Daily Open: Ship struck and Strait shut

A dramatic escalation in tension over the Strait of Hormuz drives oil prices and risk assets higher in early trade.

Debt problems in seaside town among UK's worst

A debt charity believes the town's seasonal job market is in part to blame.

Japan's Mitsubishi Heavy Industries sees shares jump nearly 4% on first ever warship export deal

This will be Japan's first ever warship export project, and the first ship is scheduled to be delivered to the Royal Australian Navy in 2029.

How private credit's cracks are threatening to deepen private equity's woes

Private credit's rapid rise was key to global dealmaking over the past decade. Now, signs of strain in the $3 trillion market are spilling into private equity.

CNBC Daily Open: From happy Friday to Monday blues

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The situation in the Middle East took a whiplash as war tensions spiked, after hopes for peace seemed in sight last week. 

China keeps benchmark lending rates unchanged as economic growth revs up, Mideast risks loom

The upbeat economic growth has reduced the urgency for fresh stimulus measures, prompting economists to postpone forecasts on the timing of interest rate cuts.

Oil prices jump as Strait of Hormuz tensions escalate

Energy markets have seen wild swings since the US and Israel attacked Iran on 28 February.

Asia markets set to open higher amid renewed Iran-U.S. tensions

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Asia-Pacific markets were set to open higher Monday as a U.S. seizure of an Iranian vessel deepened tensions, keeping investors on edge.

Why your recycled clothes could end up in this South American desert

Old garments from around the world are being discarded in the South American country.