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U.S. President Donald Trump takes questions from the media during a bilateral meeting with German Chancellor Friedrich Merz in the Oval Office of the White House on March 03, 2026 in Washington, DC.Win Mcnamee | Getty ImagesPresident Donald Trump said Friday there would be no deal to end the U.S. war against Iran without an “unconditional surrender” by Iran.The Dow Jones Industrial Average dropped more than 900 points, or nearly 2%, after Trump’s demand, which he made in a post on Truth Social. The S&P 500 and Nasdaq Composite fell 1.6% each.Trump said that it and when Iran surrenders, and after…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Happy Friday. As if this week wasn’t newsy enough, we’re minutes away from February’s jobs report.Stock futures are down this morning after a losing day.Here are five key things investors need to know to start the trading day:1. Ups and downsA trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell on March 5, 2026 in New York City. Angela Weiss | Afp | Getty ImagesInvestors have been on a roller coaster ride this week, as the U.S.-Iran war rattles markets. Now,…
ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has directed chief executive officers of oil marketing companies (OMCs) to ensure uninterrupted supply of petroleum products to retail outlets amid geopolitical concerns over the Middle East conflict. The regulator has warned of strict action against those involved in oil hoarding to pocket money from consumers by creating artificial shortage of fuel. “In view of the prevailing geopolitical situation and potential market sensitivities, all oil marketing companies are directed to ensure uninterrupted supply and smooth distribution of motor spirit (petrol) and high-speed diesel across their retail networks nationwide,” Ogra said in a…
Scott Kirby, CEO of United Airlines, speaks during the WSJ’s Future of Everything 2025 at the Glasshouse on May 29, 2025 in New York City. Michael M. Santiago | Getty ImagesBOSTON — United Airlines CEO Scott Kirby said the spike in fuel prices since the U.S. and Israel attacked Iran on Saturday will have a “meaningful” impact on the carrier’s financial results this quarter, but he added that demand has been resilient.Jet fuel, airlines’ biggest expense after labor, has surged 58% since last Friday, going for $3.95 a gallon on Thursday, according to the Argus U.S. Jet Fuel Index. “If…
The Samsung exhibition stand features the prominent ”A new era of mobile agentic AI” slogan by the South Korean company Samsung Electronics.Joan Cros | Nurphoto | Getty ImagesSamsung’s upcoming smart glasses will have a camera and be connected to a smartphone, a top executive told CNBC, as the tech giant prepares to make its first foray into the product category.Jay Kim, executive vice president at Samsung’s mobile business, teased some details about the smart glasses for the first time, on the sidelines of the Mobile World Congress trade show in Barcelona.Kim told CNBC that the smart glasses will have a…
Federal Finance Minister Muhammad Aurangzeb. Photo: File ISLAMABAD: A special government committee monitoring petroleum supplies on Thursday discussed introducing a four-day workweek with reduced working hours and shifting educational institutions to virtual learning as part of possible energy conservation measures, amid supply uncertainties linked to disruptions in the Strait of Hormuz. Officials said the committee examined the proposal as it remained divided over how far to go in rolling out conservation steps. Some members cautioned that measures such as partially closing offices and institutions could fan public anxiety and trigger panic buying, while others argued that delaying action could quickly…
CORTINA D’AMPEZZO: Organisers of the Milan-Cortina Paralympics confirmed on Thursday that seven countries will boycott the opening ceremony in protest at Russian athletes being allowed to compete under their own flag for the first time since 2014. The International Paralympic Committee (IPC) said last month it would allow six Russians and four athletes from Belarus to take part in the Games under their national flags rather than as neutral competitors. Russia and Belarus were banned from the 2022 Paralympics following the invasion of Ukraine, although they were permitted to compete as neutral athletes in the Paris Summer Paralympics two years…
This report is from this week’s The Tech Download newsletter. Like what you see? You can subscribe here.Banking, payments, enterprise and consumer services in the UAE experienced outages earlier this week as AWS (Amazon Web Services) data centers in the country were hit by Iranian drone strikes on Sunday.Many of the apps have since come back online after companies scrambled to migrate servers, but the downtime of services that many use daily highlights how digital infrastructure has become a strategic target.After the U.S. and Israel launched joint strikes on Iran last weekend, Tehran’s wave of retaliatory attacks across the Middle East…
Heavy arms and ammunition seized from retreating Taliban forces are displayed amid ongoing Operation Ghazab Lil Haq. ISLAMABAD: Security officials said on Thursday that Pakistan’s ongoing Operation Ghazab Lil-Haq against terrorist networks in Afghanistan would continue until credible guarantees are provided that terrorism would no longer be supported from across the border. Ties between Pakistan and the Afghan Taliban have been at their lowest level since the group assumed power four years ago. On Feb 22, Pakistan carried out overnight strikes on terrorist camps and hideouts in Afghanistan’s Nangarhar and Paktika provinces. The Afghan Taliban subsequently launched unprovoked attacks along…
KOLKATA: South African coach Shukri Conrad on Wednesday made no excuses and called his team’s nine-wicket defeat by New Zealand in the semi-finals of the T20 World Cup a “walloping”. South Africa, the 2024 runners-up, were unbeaten going into the knockout match in Kolkata but were blown away after New Zealand chased down their target of 170 with 7.1 overs to spare. New Zealand opener Finn Allen hit the fastest-ever T20 World Cup century in 33 balls to send his team through to the final in Ahmedabad on Sunday. Often called “chokers” for failing in the knockouts of top global…