The Peninsula Times - News from Johannesburg, South Africa and the world, daily around the clock

Johannesburg -
Oil jumps, stocks drop as Mideast war prolongs market volatility
German defence giant Rheinmetall sees business boost from Mideast war
German defence giant Rheinmetall sees business boost from Mideast war

German arms maker Rheinmetall said Wednesday the Middle East war offered new business opportunities, especially for its air defence systems, as it forecast continued strong growth this year.

March 11, 2026

RECENT NEWS

Malawi court dismisses 15-year lawsuit against Madonna charity
Malawi court dismisses 15-year lawsuit against Madonna charity

A Malawi High Court has dismissed a wrongful‑termination case against US pop star Madonna brought by the sister of a former president, in one of the country's longest-running NGO disputes.

March 11, 2026

Trade ships hit as Iran threatens Gulf oil chokepoint
Trade ships hit as Iran threatens Gulf oil chokepoint

New attacks hit three commercial ships in the Gulf on Wednesday, with one of the vessels in flames as Iran pressed its campaign against its oil-exporting neighbours, threatening shipping in the Strait of Hormuz and plunging the global energy economy into crisis.

March 11, 2026

Airlines grapple with impact of Mideast war
Airlines grapple with impact of Mideast war

Global airlines are grappling with the effects of the war in the Middle East, as fuel prices soar and customers reassess their travel plans.

March 11, 2026

RECENT NEWS

Airlines in Asia hike fares as Mideast war raises fuel costs
Airlines in Asia hike fares as Mideast war raises fuel costs

Airlines in the Asia-Pacific region, including Qantas, Air India and Cathay Pacific, have hiked fares -- or will soon -- to factor in surging jet fuel prices spurred by war in the Mideast.

March 11, 2026

RECENT NEWS

Asia stocks rise but oil resumes gains amid IEA supply report
Asia stocks rise but oil resumes gains amid IEA supply report

Asian equities rose Wednesday while oil resumed its gains as traders weighed growing supply concerns against a report that the International Energy Agency was considering the release of a record amount of its reserves.

March 11, 2026