An extended conflict in the Middle East after the US and Israel launched strikes on Iran could trigger global stagflation -- a troublesome blend of high inflation and anaemic growth -- due to spiking oil and gas prices, economists warned.
On Dubai's artificial island, empty beaches stand in stark contrast to frantic hotel lobbies, where stranded tourists have taken shelter as they wait for a way home.
Air routes closed, airports damaged and hundreds of thousands of passengers stranded: the new war in the Middle East has again highlighted the global aviation sector's vulnerability to geopolitical upheaval.
- Trump doesn't rule out sending US troops into Iran
- 'No aborts. Good luck': Key moments in the US war on Iran
Sports
Liam Rosenior on Monday demanded an improvement in discipline from his Chelsea players after Pedro Neto became their ninth player to be sent off this season, threatening to drop players who do not show greater control.
March 02, 2026
RECENT NEWS
Liverpool boss Arne Slot said Monday that the growing reliance on set pieces in the Premier League has sucked some of the joy out of football but accepts it is the new reality.
March 02, 2026
RECENT NEWS
Israel traded fire with Hezbollah in Lebanon on Monday and continued attacks on Iran as the fallout from two days of US-Israeli strikes widened, with Iranian counterattacks hitting Gulf states and a British base in Cyprus.
March 02, 2026
The death toll from Pakistan's violent weekend protests over the killing of Iran's supreme leader in US-Israeli strikes has reached at least 25, according to an AFP tally on Monday.
March 02, 2026
Oil and gas prices soared, stock markets slid and the dollar firmed on Monday as the widening Iran war shook financial markets across the globe.
March 02, 2026
Economy
The head of the UN's nuclear watchdog said on Monday his agency has "no indication" that any nuclear installations have been damaged or hit in Iran following US and Israeli strikes on the country.
March 02, 2026
RECENT NEWS
An industrial relations showdown looms this week as Germany's powerful IG Metall union is seeking to gain control of the works council at US billionaire Elon Musk's Tesla plant outside Berlin.
Israel traded fire with Hezbollah in Lebanon on Monday and continued attacks on Iran as the fallout from two days of US-Israeli strikes widened, with Iranian counterattacks in Gulf states and a British base in Cyprus.
Police arrested four Greenpeace activists on Monday for blocking a cargo ship in France that they alleged was transporting uranium from Russia for the country's nuclear power plants.
Tens of thousands flocked to the Mobile World Congress (MWC) in Barcelona Monday, with this year's edition of the telecoms trade fair marked by efforts to integrate AI into networks.
March 02, 2026
Politics
Police in Indian-administered Kashmir fired teargas on Monday during clashes with thousands of demonstrators protesting the killing of Iran's supreme leader Ayatollah Ali Khamenei for a second day in a row.
March 02, 2026
RECENT NEWS
Israel and Hezbollah traded fire on Monday as the fallout from US-Israeli strikes on Iran widened, with attacks in Gulf states and a British base in Cyprus.
India and Canada on Monday reached a string of agreements, including on critical mineral cooperation and a "landmark" uranium supply deal for nuclear power, the countries' leaders said in New Delhi.
Oil and gas prices soared while stocks fell in Asia on Monday after US-Israeli strikes on Iran sent investors fleeing the prospect of an extended conflict in the crude-rich Middle East.
The 2026 Formula One season has been flagged up as revolutionary because of the sweeping changes to chassis and power unit regulations, designed to create more overtaking opportunities and improve the sport's eco-sustainability.
March 02, 2026
- At least 25 killed at Pakistan's pro-Iran weekend protests
- Israel kills 31 in Lebanon, vows to expand strikes after Hezbollah fire
- Myanmar grants amnesty to over 7,000 convicted of 'terrorist group' support
- Riyadh's King Fahd stadium to host 2027 Asian Cup final
- 'Superman Sanju' toast of India after T20 World Cup heroics
- Travel chaos, but F1 season-opener in Australia 'ready to go'
- Lunar New Year heartache for Chinese team at Women's Asian Cup
- El Nino may return in 2026 and make planet even hotter