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Wars Have Entered the Chokehold Era

2026-03-26 13:00:09

The world is watching to see whether the Iran war ends soon with mutual de-escalation, or drags on with further damage to Iran, the Persian Gulf and a global economy that depends on that region’s oil.

MAGA's European Buddies Had a Bad Week. It May Be an Omen

2026-03-26 13:00:04

Europe’s big political story has been the rise and rise of right-wing populists taking up President Donald Trump’s call to smash the liberal consensus and defend the continent from “civilizational erasure.” Written off after every election reversal or European crisis, they only seem to come back stronger: Italy’s Giorgia Meloni has been in power since 2022 (practically a record in her country), Marine Le Pen’s National Rally has the biggest share of seats in France’s parliament and the AfD holds

Gold Becomes More Useful as a Piggy Bank Than a Haven

2026-03-26 12:00:11

Gold's reputation as the ultimate store of value has been tarnished by its 15% decline since the Iran conflict began. It's failed to act as a haven or a geopolitical hedge. However, that’s not unusual — the pattern seen this month mirrors similar price corrections during the 2008 global financial crisis and when Covid struck in March 2020. After all, gold is easy to sell and many holders will be able to reap large profits: Despite the recent drop, it's still up by more than 50% in the past year.

Markets Want to Declare an Off-Ramp and Go Home

2026-03-26 12:00:04

Without a deal, the best outcome may be for the US to forcibly reopen the Strait.

HDFC Crisis Is Exposing the Cracks in India Inc.

2026-03-26 09:00:04

India’s largest private-sector lender, HDFC Bank Ltd., is scrambling to respond to investors’ concerns that highlight the extent to which some of the country’s most esteemed firms have lost precious cachet — and, occasionally, the market’s faith.

A Country Fueled by Subsidized Diesel Is Running Dry

2026-03-26 06:30:05

Australia was once said to have been “built on the sheep’s back” — a recognition that wool played a central role in its economic growth. These days you might say it floats on a lake of diesel.