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The Economic Times

Top News / The Economic Times

How vulnerable are luxury brands to the Middle East conflict?

Israeli and US attacks on Iran and Tehran's response forced the closure of airspace across parts of the Middle East and shut key airports such as Dubai and Doha, disrupting business and travel.

3 Mar 2026 8:56 pm
Rapper Ghetts jailed 12 years for fatal hit-and-run, video captures high-speed car 'catapulting student into the air'

Rapper Ghetts hit and run case: The 41-year-old artist, born Justin Clarke-Samuel, was sentenced at the Old Bailey after earlier admitting to causing death by dangerous driving.

3 Mar 2026 8:54 pm
Row erupts between Bengal CEO, civil service officers over 'under adjudication' voter roll entries

These 60.06 lakh names have been kept under adjudication, largely due to what officials termed logical discrepancies in enumeration forms. These electors remain on the rolls pending decisions by judicial officers.

3 Mar 2026 8:52 pm
The US has to reopen the Strait of Hormuz as soon as possible

The US faces a critical challenge in the Third Gulf War. Reopening the Strait of Hormuz for oil shipping is vital. The waterway is crucial for global oil transport. Iran's actions have largely closed it. Countries in the region are running out of storage for oil. Production may soon need to slow. This could significantly impact global oil prices.

3 Mar 2026 8:50 pm
'We back ourselves': Underdogs New Zealand eye T20 World Cup final

New Zealand captain Mitchell Santner believes his team can win any 'one-off game' against any opponent. He faces South Africa in the T20 World Cup semi-final. South Africa defeated New Zealand in the group stage. Both teams are aiming for their first World Cup title. New Zealand has reached the semi-finals multiple times.

3 Mar 2026 8:48 pm
Dow Jones just had its biggest crash since April 2025: Why is the Dow down more than 1,200 points as gold and silver prices crash too? Here is why markets are collapsing today

The Dow Jones biggest crash sent shockwaves across Wall Street today. The Dow Jones Industrial Average plunged 1,212 points, down 2.30%, its first 1,000-point drop since April 2025. The US stock market selloff followed an 8% surge in oil prices after Iran threatened to disrupt the Strait of Hormuz. Brent crude neared $84. WTI crude topped $77. Rising oil prices sparked fresh inflation fears and pushed Treasury yields higher. Investors quickly dumped blue-chip stocks. Surprisingly, gold prices fe

3 Mar 2026 8:47 pm
Fed's John Williams says rate cuts still possible, does not address Iran war

New York Federal Reserve President John Williams indicated more interest rate cuts are likely. This depends on inflation easing as anticipated. The U.S. economy is seen as strong, with growth projected at 2.5 percent this year. The job market is stable and expected to improve. Inflation is forecast to decrease towards the Fed's 2 percent target.

3 Mar 2026 8:45 pm
Assam Congress chief Gaurav Gogoi to contest from Jorhat; party releases first list for Assam polls

The Congress has unveiled its initial list of 42 candidates for the upcoming 2026 Assam Assembly elections. APCC chief Gaurav Gogoi will contest from Jorhat. The list features nominations across Upper Assam, Lower Assam, and Barak Valley. Senior leaders and sitting MLAs have been included. Further candidate announcements are anticipated in upcoming lists.

3 Mar 2026 8:42 pm
US gas prices jump above $3 as Iran conflict pushes oil to one-year high

Gas prices in the United States have moved above $3 per gallon as oil markets react to tensions between the US and Iran. Rising crude oil prices and higher summer fuel production costs are driving the increase. Analysts warn that fuel prices may continue to climb slowly, adding pressure on inflation and creating political concerns ahead of upcoming elections.

3 Mar 2026 8:38 pm
Small plane makes emergency landing in frigid Hudson River and the 2 people aboard swim to safety

The crash occurred Monday night, shortly after the single-engine Cessna 172 took off from Long Island MacArthur Airport in Ronkonkoma, according to the Federal Aviation Administration.

3 Mar 2026 8:38 pm
Quote of the day by Rhett Butler (Gone with the Wind): Frankly, my dear, I dont give a damn

Rhett Butlers iconic quoteFrankly, my dear, I dont give a damn from Gone with the Wind has become one of cinemas most enduring sentences. Spoken at the movies climax as Butler walks away from Scarlett OHara, it reflects courage, self-respect, and unapologetic honesty. This line captures the timeless human experience of knowing when to let go, prioritize personal peace, and set boundaries.

3 Mar 2026 8:36 pm
SSC MTS, Havaldar answer key and response sheets 2026: Check steps to download and more

The Staff Selection Commission has released the answer key and response sheets for the SSC MTS and Havaldar exams conducted in late 2025. Candidates can now access these crucial documents on the official SSC website by logging in with their credentials. The commission has also provided a window for candidates to raise objections against the released answer key.

3 Mar 2026 8:26 pm
US stock market big jolt today: Why are Dow, S&P 500 and Nasdaq crashing? Dow Jones sinks 1,000 points, Nasdaq tumbles 500 amid oil surge and war fears

The US stock market crash today erased over 1,000 points from the Dow in hours. The Dow Jones Industrial Average fell 1,047 points, down 2.14%. The S&P 500 dropped 1.93%. The Nasdaq plunged more than 500 points, down 2.01%. This sharp stock market selloff followed fresh US-Israel airstrikes on Iran. Investors fear a wider Middle East war. Oil prices surged nearly 8%, with WTI crude near $77 and Brent above $80. Rising crude oil prices are fueling inflation fears. Treasury yields are volatile. Bi

3 Mar 2026 8:25 pm
Protests over Khamenei's killing: Schools, colleges to remain closed in Kashmir till March 7

Educational institutions in Kashmir will be closed until March 7. This decision follows widespread protests against the killing of Iran's Supreme Leader, Ayatollah Ali Khamenei. Thousands have taken to the streets in protest. The closures were initially ordered for two days but have now been extended. Protests are concentrated in areas with a significant Shia population.

3 Mar 2026 8:21 pm
Quote of the Day by Wayne Gretzky: 'You miss 100% of the shots you don't take...'Inspiring quotes by the Canadian former professional ice hockey player

Hockey legend Wayne Gretzky's famous quote highlights the necessity of taking action. He inspired many with his philosophy of seizing opportunities. Gretzky's career, marked by numerous records and championships, exemplifies this approach. His words continue to motivate people across various fields. Fear of failure guarantees nothing. Trying creates possibilities for success.

3 Mar 2026 8:21 pm
Too early to assess economic impact on region, global economy: IMF on West Asia conflict

Amid escalating tensions in West Asia, the International Monetary Fund (IMF) on Tuesday said that it is closely monitoring developments and it will be too early to assess the economic impact on the region and the global economy.

3 Mar 2026 8:18 pm
Russia halts construction work at Bushehr nuclear plant due to strikes on Iran

Rosatom has stopped work on Iran's Bushehr nuclear plant. This decision follows US and Israeli air strikes near the facility. Explosions were heard close to the site. Russian personnel remain in Iran. Some workers and families have been evacuated. Further evacuations are planned during breaks in air strikes. The situation's future course is uncertain.

3 Mar 2026 8:18 pm
Lakshya Sen stuns defending champion Shi Yuqi in thriller at All England Championships

Lakshya prevailed 23-21, 19-21, 21-17 in the contest that was as physical as it was tactical, marking his first victory over the former world No. 1 in a BWF world tour event.

3 Mar 2026 8:17 pm
Oil shock could strain emerging markets beyond inflation, analysts say

Conflict in Iran is driving up oil prices. This surge will affect emerging markets significantly. Analysts warn of wider impacts on finances, currencies, and investment flows. Countries like Thailand, South Korea, and India face considerable risks. China's exposure is limited unless the shock escalates. Argentina, Sri Lanka, Pakistan, and Turkey are also at heightened risk.

3 Mar 2026 8:17 pm
3,622 women issued 'Pink Saheli' mobility cards on first day of distribution in Delhi

Delhi's 'Pink Saheli' smart card scheme saw over 3,500 women receive their cards on Tuesday. Launched by President Droupadi Murmu, the initiative offers free travel on DTC and cluster buses for eligible women and transgender persons. The card also allows access to other public transport like the Delhi Metro. This move replaces paper tickets, ensuring touch-free travel and digital records.

3 Mar 2026 8:14 pm
Israel calls on 60 countries to cut ties with Iran during evnoy meeting

Israel's Foreign Minister Gideon Saar has called on nations to sever ties with Iran. The appeal came during a virtual meeting with around 60 envoys stationed in Israel. Saar stated that Iran's actions against its neighbours and its own people necessitate global isolation. This push for diplomatic severance highlights Israel's ongoing military campaign against the Islamic republic.

3 Mar 2026 8:11 pm
Is a recession coming? Why global stock markets are crashing right now as more than $3.2 trillion in market value evaporates and Brent crude nears $85 a barrel amid the US-Israel-Iran war

Is a recession coming? Global stock market crash wipes out $3.2 trillion in 48 hours as oil prices surge near $85 on US-Israel-Iran war fears. WTI jumped almost 9% in a single session. Investors reacted to escalating US-Israel-Iran war tensions and supply risks in the Strait of Hormuz, which carries nearly 20% of global oil. Higher oil prices raise inflation risk. Rising inflation may delay Federal Reserve rate cuts. The VIX spiked over 20%, signaling fear. Asian and European markets plunged sha

3 Mar 2026 8:11 pm
Apple launches new generation of MacBook laptops starting at $1,099

Apple has launched new MacBook Air and Pro laptops starting at $1,099, aiming to boost sales in a declining PC market facing chip shortages. These new models, featuring Apple's in-house M-series chips, are crucial for its personal computing business and offer enhanced performance and battery life to compete with Windows PCs.

3 Mar 2026 8:09 pm
What to know about the Strait of Hormuz, a key passageway essential for global energy supply

Global energy supply faces disruption as war in Iran halts tanker traffic through the Strait of Hormuz. Oil prices have surged. This vital waterway carries a fifth of the world's oil. Major shipping companies have suspended operations. Many tankers are waiting to pass. The situation impacts global energy markets significantly.

3 Mar 2026 8:09 pm
Will Iran participate in FIFA World Cup 2026 in US? FIFAs statement, Irans position and regulations on withdrawal

Will Iran participate in FIFA World Cup 2026 in US? Irans involvement is uncertain after US-Israel strikes, domestic league suspension, and rising regional conflict. FIFA is monitoring the situation closely. The national team, Team Melli, is drawn in Group G but faces possible withdrawal due to ongoing war and security concerns.

3 Mar 2026 8:09 pm
Quote of the day by Confucius: 'To practice five things under all circumstances constitutes perfect virtue; these five are...' - lessons on moral values and self-development by the Chinese philosopher and Founder of Confucianism

Quote of the day by Confucius: Confucius, a pivotal moral philosopher, emphasized that perfect virtue stems from consistently practicing gravity, generosity, sincerity, earnestness, and kindness. His teachings, rooted in personal character cultivation over status, profoundly shaped ethics and leadership in East Asian civilizations, advocating for moral example over force.

3 Mar 2026 8:02 pm
NHAI awards 111 km-long Odisha Ring Road project to three concessionaires

The National Highways Authority of India has awarded a major project to build the Bhubaneswar Bypass. This 111 km, six-lane ring road will connect Rameshwar to Tangi. Three companies will construct the project in three packages. The bypass aims to improve connectivity and reduce traffic in Bhubaneswar, Cuttack, and Khordha.

3 Mar 2026 8:02 pm
Top-level shake-up in Delhi Police; special, joint & DCP ranks reshuffled

Delhi Police has undergone a significant reshuffle. Fifty IPS and twenty DANIPS officers have been transferred to key positions. Changes impact district policing, crime, traffic, and specialized units. Senior officers have also been posted to new roles. This large-scale exercise aims to streamline administration and strengthen policing across the national capital.

3 Mar 2026 7:58 pm
Word of the Day: Exulansis The pain of talking about an experience someone cant relate to

Exulansis is that quiet, bittersweet sting you feel when you share a personal story and realize no one truly gets it. Unlike obvious loneliness or frustration, its subtle, a gentle reminder that some experiences cant be fully translated. This modern emotional term captures the universal struggle of expressing whats deeply personal in a world that doesnt always resonate.

3 Mar 2026 7:51 pm
Defence entrepreneur receives fresh death threats; Delhi Police refers case to Special Cell

Delhi Police is investigating fresh death threats received by defence entrepreneur Sahil Luthra. Luthra reported receiving calls from international numbers, claiming responsibility for a past firing incident at his Amritsar residence. The callers demanded Rs 10 crore and warned of escalated action. The investigation is examining cross-border linkages and potential involvement of banned outfits.

3 Mar 2026 7:48 pm
Quote of the day by the woman who changed science, Maria Goeppert Mayer Winning the prize wasnt half as exciting as doing the work itself. | Inspirational science quotes by Nobel Prize Physics winner

Quote of the day by the woman who changed science, Maria Goeppert Mayer: In 1963, only the second woman in history won the Nobel Prize in Physics. Maria Goeppert Mayer earned it for the nuclear shell model, a breakthrough in atomic structure and nuclear physics. Todays Quote of the Day highlights her powerful words: Winning the prize wasnt half as exciting as doing the work itself. This inspirational science quote reflects true research passion. She changed STEM history. She advanced quantum mec

3 Mar 2026 7:48 pm
UK cuts 2026 growth forecast, flags Iran war risk

The UK government cut its 2026 growth forecast on Tuesday, as Britain's finance minister delivered a fiscal update overshadowed by concerns over the economic fallout from the Iran war. Finance minister Rachel Reeves said the government's economic plan was even more important in a world that in the last few days has become yet more uncertain with unfolding conflict in Iran and the Middle East.

3 Mar 2026 7:48 pm
Iran's strikes on Gulf states may widen war against Tehran, analysts say

Iran's attacks on Gulf nations are pushing them closer to the United States. Analysts believe this could lead to a wider coalition against Iran. The Gulf Cooperation Council has signaled readiness for collective self-defense. These strikes threaten vital energy routes and global trade. The situation raises the stakes for regional stability and international security.

3 Mar 2026 7:48 pm
Book of the Day: Anna Karenina by Leo Tolstoy A timeless masterpiece of love, society, and the human soul

Book of the Day: Tolstoys work invites readers into a world where passion collides with expectation, where private anguish meets public scrutiny, and where the search for meaning unfolds amid both despair and hope.

3 Mar 2026 7:46 pm
'Made in EU' auto rules risk backlash from friends and rivals

The plans, due on Wednesday as part of a drive to boost EU industry more broadly, are complicated by divisions between member states, with France taking a more protectionist line and Germany more worried about potential retaliation.

3 Mar 2026 7:44 pm
Himachal government disburses Rs. 17 crore for ex-servicemen welfare, CM Sukhu reaffirms commitment to families of fallen heroes

The ex-servicemen of the state and their families are invaluable assets whose unparalleled contribution and supreme sacrifices in safeguarding the nation will always be remembered with gratitude and pride, remarked the Chief Minister.

3 Mar 2026 7:25 pm
Powerball Winner: Arkansas ticket scoops March 2 jackpot Prize details revealed

Powerball drawings take place three times a week, on Mondays, Wednesdays, and Saturdays at 10:59 p.m. ET. The next drawing is scheduled for Wednesday night.

3 Mar 2026 7:24 pm
Will Iran take part in the 2026 FIFA World Cup?

The war in the Middle East triggered by US and Israeli strikes on Iran has raised the question of whether the Iranian national team will take part in the World Cup later this year, during which it is due to play group games in the United States. All the more so as other countries in the Gulf who are due to take part in the World Cup have been drawn into the war, with Saudi Arabia, Qatar and Jordan all being targeted by retaliatory Iranian strikes.

3 Mar 2026 7:18 pm
Iran-fuelled oil price rally is not enough to balance Russia's budget

Global oil prices have surged following strikes on Iran, reaching their highest point since July 2024. However, this price increase is not enough to balance Russia's budget. Russian oil is sold at a significant discount compared to international benchmarks. Heavy defense spending is draining state coffers.

3 Mar 2026 7:16 pm
Whos ahead in the Texas Senate primaries? Final Emerson poll reveals tight races

A new Emerson College Polling survey reveals tight Texas Senate primary races. James Talarico narrowly leads Jasmine Crockett in the Democratic contest, while Ken Paxton holds a slim advantage over John Cornyn in the Republican race. Voter splits between early and Election Day voting, along with demographic differences, are poised to influence the final outcomes.

3 Mar 2026 7:14 pm
Russia's central bank tries to sue EU over indefinite asset freeze

Russia's Central Bank said Tuesday it had filed a lawsuit in Luxembourg against the EU's indefinite freeze on some $230 billion of Moscow's reserves imposed over its offensive on Ukraine. Russia's Central Bank said it had submitted a claim to the General Court of the European Union, based in Luxembourg, challenging the legality of the new decision.

3 Mar 2026 7:11 pm
Holi 2026: Liquor shops in Delhi to remain open on March 4

Liquor shops in Delhi will be open this Holi as the festival has been removed from the government's list of 'dry days'. Only Republic Day, Maha Shivratri, Id-ul-Fitr, Ram Navami, and Mahavir Jayanti will be observed as dry days until the end of March. This marks a change from previous years when Holi was a dry day.

3 Mar 2026 7:10 pm
CM Yogi Adityanath returns after Singapore-Japan tour, secures Rs 1.5 lakh crore MoUs for UP

Uttar Pradesh Chief Minister Yogi Adityanath's four-day visit to Singapore and Japan yielded MoUs worth Rs 1.5 lakh crore and investment proposals exceeding Rs 2.5 lakh crore, expected to create over 5 lakh jobs. A significant Rs 3000 crore MoU was also signed with real estate developer 1-OAK, boosting the state's real estate and infrastructure sectors.

3 Mar 2026 7:03 pm