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Search Result for “economic”

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WORLD

Iranian warship sunk by US torpedo participated in Indian drill

Reuters, Published on 05/03/2026

» NEW ​DELHI: The U.S. ⁠attack on an Iranian warship in ​the Indian Ocean this week was the first time since World War Two that the ​United States has sunk an enemy vessel ‌with a torpedo. The following details are based on accounts from Sri Lankan, U.S. and Iranian officials of the March 4 incident, part of U.S. and Israeli attacks on Iran and its military assets.

BUSINESS

Iran war punctures strategy of ‘Sell America, Buy Asia’

Bloomberg News, Published on 05/03/2026

» HONG KONG — The war in Iran is forcing investors to reevaluate one of their most profitable stock strategies, leading some to conclude that the “Sell America, Buy Asia” trade has reached an inflection point.

THAILAND

Hylife Group wins two international leadership awards, boosting Thai business globally

Published on 05/03/2026

» Shubhodeep Prasanta Das, Chairman of Hylife Group, has been honoured on the international stage with two distinguished awards: The Fastest Growing Leaders 2024–25 Award from AsiaOne and World’s Leading Leader 2025 from the World Centre for Research and Consulting (WCRC). The awards were presented at the WCRCINT Global Business Conclave 2025 in London, United Kingdom (UK), reflecting his visionary leadership and his ability to drive the organisation toward stable and sustainable growth at international level.

THAILAND

Four suspected couriers killed, 600,000 speed pills seized in Chiang Mai

Published on 05/03/2026

» CHIANG MAI - Four suspected drug couriers were killed and 600,000 methamphetamine pills seized following a clash between security forces and a drug smuggling gang in Mae Ai district of this northern province. 

WORLD

Iran hits Kurdish groups in Iraq as conflict widens

AFP, Published on 05/03/2026

» TEHRAN - Fresh blasts were reported in Iran’s capital on Thursday as Tehran said it had targeted Kurdish groups in Iraq and warned “separatist groups” against action in the widening war.

WORLD

China sets lowest growth target in decades

AFP, Published on 05/03/2026

» BEIJING - China set its annual growth target at between 4.5% and 5% on Thursday, its lowest figure in decades but at the centre of plans to tackle sluggish consumption and a flagging property market.

WORLD

Canadian PM can’t rule out military role in Iran war

AFP, Published on 05/03/2026

» CANBERRA - Canadian Prime Minister Mark Carney said Thursday that he couldn’t rule out his country’s military participation in the escalating war in the Middle East.

WORLD

Two-thirds of Cuba, including Havana, hit by blackout

AFP, Published on 05/03/2026

» HAVANA - A grid failure knocked out power Wednesday to two-thirds of Cuba including Havana, the national electric company UNE said, the latest electricity collapse for residents suffering daily impacts of US-imposed energy restrictions.

BUSINESS

Baht faces pressure from oil upswing

Business, Nareerat Wiriyapong, Published on 05/03/2026

» The baht could slide beyond 33 to the US dollar, with high volatility possible if the war in the Middle East is prolonged, forcing Thailand, a net oil importer, to pay a significantly higher import bill, according to Kasikorn Research Center (K-Research).

BUSINESS

Bourse faces downside risks as tensions rise

Published on 05/03/2026

» Thai equities still have downside risk amid heightened volatility as escalating tensions in the Middle East threaten global energy supply routes, with strategists warning only a handful of sectors are likely to withstand a prolonged crisis.