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Applied Nutrition shares plummet after warning of war hit

Shares in Applied Nutrition plummeted in early trade today after the British supplements maker forecast "some" reduction in volumes in the Middle East due to the Iran conflict, even as it kept its annual revenue outlook unchanged.

Business • 23 Mar

A business man stands on a high-tech stage with Siemens signage to the side

Customers holding back on investments due to war: Siemens

German industrial giant Siemens said today that the Iran war has led to customers holding back on new investments as prices increase for raw materials and energy.

Business • 23 Mar

Oil sinks after Trump postpones strikes on Iranian plants

Oil prices dropped about 10% to a one-week low today after US President Donald Trump said he would postpone any military strikes against Iranian power plants for five days after constructive talks.

Business • 23 Mar

Gold prices dropped more than 10% last week - its worst week since February 1983

Gold trims losses as Trump postpones strikes on Iran

Gold trimmed losses to recover from a four-month low today, after US President Donald Trump postponed military strikes on Iranian infrastructure, but prices were still down for a ninth session in a row as bets on higher interest rates dimmed the metal's appeal.

Business • 23 Mar

Bank of Ireland said the recent surge in petrol and diesel will add to the increase in the cost of living

Bank of Ireland warns inflation could reach 4%

The recent sharp rise in energy prices is likely to push the rate of inflation this month to between 3.5% and 4% - up from 2.7% in February, according to Bank of Ireland.

Ireland • 23 Mar

Rising fertiliser costs lead to warning over food prices

Experts are warning of a jump of up to 10% in food prices as a result of sustained input cost rises for farmers due to the conflict in the Middle East.

Ireland • 23 Mar

M&A activity to accelerate despite war - Goldman Sachs

Goldman Sachs expects mergers and acquisitions activity to be on the upswing this year despite the disruption caused by the US-Israeli war on Iran, CEO David Solomon said today.

Business • 20 Mar

Big central banks keep options open amid war fears

Nearly all major developed market central banks kept rates unchanged this week, but emphasised their readiness to act to curb inflation should the energy ⁠shock caused by the US-Israeli strikes on Iran drive a broader surge in prices.

Business • 20 Mar

Fuel prices see sharp rise in March - AA Ireland

AA Ireland's latest monthly fuel price survey shows a notable increase in both diesel and petrol prices during March, with diesel experiencing the largest jump.

Business • 20 Mar

Indian vessel 'Nanda Devi' carrying liquefied petroleum gas was one of the few commercial vessels that Iran has allowed to pass through the Strait of Hormuz

Oil prices rise despite efforts to open Strait of Hormuz

Oil prices rose again despite the US outlining moves to manage the oil supply crisis, while leading European nations, Japan and Canada offered to join efforts to secure safe passage for ships through the Strait of Hormuz.

Business • 21 Mar

Petrol and diesel prices on a totem sign at a petrol station in Germany

How are European governments tackling surging fuel costs?

As oil and gas prices surge as a result of the Iran war, countries around the world have been coming under increasing pressure to ease the burden on citizens.

World • 20 Mar

Explainer: Why is diesel so expensive right now?

Diesel car owners are feeling the pinch at the pumps, as prices have soared in the past month since the start of the US-Israeli conflict.

Business • 20 Mar

The airline industry's A4E lobbying group has urged regulators to roll back mandates for the use of synthetic sustainable jet fuel (eSAF) starting in 2030

European airlines urge EU to delay green-fuel rule

European airline chiefs have today called for the postponement of "broken" parts of the EU's green agenda, warning of higher fares in the event of prolonged conflict in the Middle East.

Business • 19 Mar

Image of the top of a grey building with a blue sky in the background

Swiss National Bank keeps rates at zero, eyes Iran war

The Swiss National Bank kept its policy rate ⁠on hold today in the face of a surge in the value of the Swiss franc driven by the Iran war, which also led to a spike in global oil prices, blurring the inflation outlook.

Business • 19 Mar

Sweden central bank leaves policy rate unchanged at 1.75%

Sweden's central bank held its ⁠key interest rate at 1.75% today, as widely expected, and left its outlook unchanged while flagging that uncertainty was high and that it was too early too tell how the Iran war would affect the economy.

Business • 19 Mar

Oil jumps above $119 a barrel on Middle East attacks

Benchmark Brent oil prices jumped above $119 a barrel today after Iran attacked energy facilities across the Middle East following Israel's strike on its South Pars gas field, a major escalation in the war.

Business • 19 Mar

Australia central bank warns Iran war a material risk

Australia's central bank has warned today that the conflict in the Middle East could lead to a severe international shock, though it believed domestic banks were well-placed to support the economy should a significant downturn occur.

Business • 19 Mar

Commuters pass the Bank of England in London

Bank of England keeps UK interest rates on hold

The Bank of England's nine interest rate-setters voted unanimously to keep borrowing costs on hold in the face of inflation risks from the war in the Middle East, and some raised the prospect of raising rates.

Business • 19 Mar

A woman in a grey suit speaks at a podium with the European Union flag in the background

ECB keeps rates on hold as Iran war clouds outlook

The European Central Bank kept its key interest rate at 2% today and warned that the war in Iran was clouding the outlook for growth and inflation in the euro zone.

Business • 19 Mar

European gas prices up 35% after strikes on Qatar LNG hub

European gas prices soared as much as 35% today as fresh strikes hit energy infrastructure in the Middle East, including Qatar's main gas facility.

Business • 19 Mar

Bank of Japan sees inflation rising on oil price spike

Japan's central bank said today it expected inflation to increase because of the "recent rise in crude oil prices" caused by the Middle East war.

Business • 19 Mar

File photo dated 01/09/21 of an E10 petrol pump at a petrol station

Further fuel price rises in coming days, retailers warn

Retailers have warned that fuel prices are set to rise further over the coming days due to an increase in wholesale costs.

Business • 19 Mar

Canada's central banks holds rate steady

Canada's central bank held its key lending rate at 2.25% today, but said it was "ready to respond" if the war in the Middle East caused inflation to surge.

Business • 18 Mar

Austria cuts petrol tax to counter war's impact on prices

Austria's ruling coalition said today it will temporarily cut the tax on petrol and diesel and limit fuel retailers' margins to cushion consumers from soaring oil prices triggered by the Iran conflict.

Business • 18 Mar

The biggest risk for the Irish economy is inflation if theres a sustained disruption to supply chains, and the production of oil and gas - Kate English

Early days, but inflation is biggest risk - Deloitte

It has been a tumultuous few weeks for the US economy and the Federal Reserve will announce its March interest rate decision later this evening.

Business • 18 Mar

Middle East turmoil

Applied Nutrition shares plummet after warning of war hit

Customers holding back on investments due to war: Siemens

Oil sinks after Trump postpones strikes on Iranian plants

Gold trims losses as Trump postpones strikes on Iran

Bank of Ireland warns inflation could reach 4%

Rising fertiliser costs lead to warning over food prices

M&A activity to accelerate despite war - Goldman Sachs

Big central banks keep options open amid war fears

Fuel prices see sharp rise in March - AA Ireland

Oil prices rise despite efforts to open Strait of Hormuz

How are European governments tackling surging fuel costs?

Explainer: Why is diesel so expensive right now?

European airlines urge EU to delay green-fuel rule

Swiss National Bank keeps rates at zero, eyes Iran war

Sweden central bank leaves policy rate unchanged at 1.75%

Oil jumps above $119 a barrel on Middle East attacks

Australia central bank warns Iran war a material risk

Bank of England keeps UK interest rates on hold

ECB keeps rates on hold as Iran war clouds outlook

European gas prices up 35% after strikes on Qatar LNG hub

Bank of Japan sees inflation rising on oil price spike

Further fuel price rises in coming days, retailers warn

Canada's central banks holds rate steady

Austria cuts petrol tax to counter war's impact on prices

Early days, but inflation is biggest risk - Deloitte

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