Ineos to mothball three Hull chemical sites as UK gas prices bite
Ineos is pausing production at three chemical sites in Hull, in a move the company says is being driven by high UK gas prices. The decision affects plants that make industrial inputs used across pharmaceuticals, clothing, cosmetics, detergents, construction materials and military explosives. The company said two plants are already shut and a third will stop production in the coming days.The firm said up to 4,000 jobs are affected, including about 1,000 direct roles and 3,000 in the supply chain. Sir Jim Ratcliffe, who leads the industrial group, said the company was being forced to mothball some of what it... [Continue Reading]
360LiveNews | 22 Sep 2026 12:00 LONDON
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Tokyo and Asia-Pacific close higher as Nikkei surges, oil slumps and yen weakens
Executive summary: Asia-Pacific markets ended broadly firmer, led by a sharp rally in Seoul and a fresh record-style jump in Tokyo, while WTI crude tumbled more than 8% and the yen weakened further against the dollar. The move points to a session shaped by lower energy prices, stronger risk appetite in equities and a softer inflation impulse from commodities, even as gold eased and the dollar stayed bid. [Continue Reading]
360LiveNews Markets Intelligence | 22 Sep 2026 07:45 LONDON
Iran reports sharp GDP and energy-sector contraction amid war pressure
Iran's official data shows the economy contracted sharply in the first quarter of the Persian calendar year, with the oil and gas sector taking the biggest hit. The figures point to mounting pressure on Tehran's economy as the war with Israel and related US pressure continue to disrupt exports and trade. The decline was recorded over the period from March 21 to June 20.Data released by the government-administered Statistical Center of Iran showed gross domestic product fell 10.1% year-on-year in that period. Crude oil and natural gas activity contracted 26.4% compared with the same quarter a year earlier, while GDP... [Continue Reading]
360LiveNews | 21 Sep 2026 12:00 LONDON
US-China AI rivalry hardens as export controls and model restrictions intensify
The United States and China are moving deeper into a technology confrontation over artificial intelligence, with Washington using export controls to slow Chinese access to advanced chips and related equipment. The dispute is increasingly being described as an AI cold war, with both sides building separate supply chains and policy camps around the technology. The latest discussion centres on whether the United States can maintain its lead while limiting China's progress.According to the supplied material, Washington has already imposed restrictions on the sale of chips to China. In June, the US government also curbed the ability of Chinese companies to... [Continue Reading]
360LiveNews | 21 Sep 2026 11:33 LONDON
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South Korea rules out military role in Iran war as Seoul reviews limited navigation support
President Lee Jae Myung has said South Korea will not deploy military assets in any way that could draw the country into the war in Iran. He made the remarks at a news conference on Friday, saying there would be no deployment that would "involve or enter war." The comments come after pressure from Donald Trump for Seoul to provide support, and they clarify South Korea's position on a sensitive regional security issue. Lee said Seoul was still reviewing whether it could take a limited role in safeguarding navigation in the region.He said South Korea must do the minimum needed,... [Continue Reading]
360LiveNews | 18 Sep 2026 07:59 LONDON
Serbia opens factory to assemble Israeli-made drones
Serbia has opened a factory to assemble advanced Israeli-made drones, in a move that adds to the country's expanding defence production capacity and its growing military ties with Israel. President Aleksandar Vucic inaugurated the facility on Thursday, according to the supplied report, and said it will supply both the Serbian Armed Forces and armed forces in other countries. The opening comes as Belgrade continues to present military investment as part of a policy of neutrality and deterrence.Vucic said the plant will employ around 100 workers and produce state-of-the-art equipment. He also said at least three more factories will be opened... [Continue Reading]
360LiveNews | 17 Sep 2026 20:35 LONDON
Rising energy prices push inflation higher again as Hormuz disruption continues
Rising energy prices are pushing inflation higher again, with major central banks now under pressure to consider interest rate rises. The development comes as the Strait of Hormuz remains disrupted six months into the Iran war, while Houthi advances are also threatening Saudi oil supplies. The combination is feeding through into household and business bills and adding to concern over the outlook for growth.The report says policymakers are being forced to revisit an older assumption that oil shocks can simply be waited out. For decades, central banks treated energy spikes as temporary and avoided responding with tighter monetary policy. The... [Continue Reading]
360LiveNews | 17 Sep 2026 12:29 LONDON
The Ghosn Paradox The Imperial Savior, His Cinematic Escape, and the Desperate Call to Salvage a Crumbling Nissan
The Man Who Defied Corporate Gravity Few corporate sagas in modern history possess the cinematic drama, geopolitical friction, and sheer psychological tension as the rise and fall of Carlos Ghosn. Once lauded as the ultimate transnational executive, a multi-lingual titan capable of bridging disparate business cultures, Ghosn became the absolute center of a global firestorm. His story cuts through the pristine facade of global corporate governance to reveal a messy underbelly of nationalism, legal vulnerability, and strategic failure. Rebuilding an Empire from the Ashes of Bankruptcy The mythos of Carlos Ghosn began in 1999. Nissan, one of Japan's proudest manufacturing... [Continue Reading]
360LiveNews-Opinion | 27 Jun 2026 08:19 LONDON
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Fear the Shia, Arm the Sunnis: The Uncomfortable Numbers Behind America’s War Narrative
“When fear is managed carefully enough, a nation can be taught to look away from the blood on the floor and stare instead at the shadow on the wall.” A friend of mine, whose name I will not reveal because he asked me not to, sat across from me over dinner and placed a question on the table that would not leave me alone. He was born into a Muslim Shia background, and for the angle of this article, that detail matters, not because I wish to reduce a man to a sect, but because sect has become one of... [Continue Reading]
360LiveNews-Opinion | 23 May 2026 08:00 LONDON
