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Food rationing, grounded planes: Economists outline how hard countries will be hit due to Iran war - a global recession next?

Iran war economic crisis global oil shock raises urgent fears of fuel shortages and supply disruptions worldwide. With nearly 20% of oil flowing through the Strait of Hormuz, any blockage could cripple energy markets fast. Oil prices surged past key resistance levels, with some forecasts warning of a spike toward $150–$180 per barrel if disruptions continue. Experts warn prices may surge dramatically, triggering panic buying, grounded flights, and reduced food production. The crisis signals a looming supply shock that could disrupt global supply chains, weaken economies, and impact daily life within weeks if tensions escalate further.

from News-Economic Times https://ift.tt/9pnzdW7

Markwayne Mullin: Trump’s DHS pick gets Senate Committee confirmation despite Rand Paul's opposition



from News-Economic Times https://ift.tt/a5G0S6H

Rs 1 lakh crore wiped off! HDFC Bank shares slump 9%, set to record worst day since Covid crash

HDFC Bank shares plunged, erasing nearly ₹1 lakh crore in market value and marking their worst fall since the 2020 COVID crash. The decline followed the resignation of chairman Atanu Chakraborty, who cited value and ethics concerns. The bank said there were no other reasons for his exit, and Keki Mistry has been appointed interim chairman for three months.

from Stocks-Markets-Economic Times Rs 1 lakh crore wiped off! HDFC Bank share price slumps 9%, set to record worst day since Covid crash

India looking to join one of two European consortia developing 6th-gen fighter jets: Par Panel report

India is set to join European efforts in developing sixth-generation fighter jets. The Defence Ministry is considering aligning with either a UK, Italy, and Japan consortium or a Germany and France group. This move aims to keep India at the forefront of advanced aircraft technology.

from News-Economic Times https://ift.tt/xWZXlLh

Kamala Harris is back! Ex-VP surges ahead of Gavin Newsom in early Presidential primary race

Kamala Harris has overtaken Gavin Newsom in a new poll of likely Democratic voters for the 2028 presidential primary. Harris gained three points to reach 21%, while Newsom dropped five points to 19%. Alexandria Ocasio-Cortez and Pete Buttigieg follow behind.

from News-Economic Times https://ift.tt/LEzmZ7j

Social Security pending stimulus payment dates for March 2026: Which retirees receive SSA stimulus checks on March 18 and March 25?

Millions of Social Security beneficiaries in the United States are still waiting for their March 2026 Social Security payments. The Social Security Administration (SSA) follows a strict payment calendar based on birth dates. Retirees born between the 11th and 20th will receive deposits on March 18, 2026. Those born between the 21st and 31st will get payments on March 25. Americans born between the 1st and 10th already received checks on March 11. Meanwhile, SSI recipients were paid earlier on February 27 because March 1 fell on a Sunday. The next SSI payment will arrive on April 1, according to SSA schedules.

from News-Economic Times https://ift.tt/BjemwlT

Govts can take policy decisions before poll code comes into force: CEC on Mamata's DA arrears move

Before the model code of conduct takes effect, both central and state administrations enjoy the liberty to implement policy changes, as reiterated by Chief Election Commissioner Gyanesh Kumar. Notably, the West Bengal government made two significant announcements right before the electoral timeline was disclosed.

from News-Economic Times https://ift.tt/ejLVHF6