Seven years is a strange unit of time. Long enough to finish a PhD, short enough to remember an event vividly, and apparently, exactly long enough for Sony to build, test, manufacture, and ship a new generation of PlayStation hardware. PS3 to PS4, PS4 to PS5: seven years, twice, with the precision of a Swiss movement. The console industry built its entire release calendar ecosystem around that cadence. Publishers scheduled their biggest titles around it. Retailers planned inventory cycles for it. Analysts forecast revenue curves based on it.
Fertiliser prices were "already quite expensive" before the conflict, but had since climbed by between 50 and 70 per cent since hostilities began in late February. The trigger, he said, was the effective closure of the Strait of Hormuz, the narrow shipping artery through which a substantial share of the world's fertiliser and the liquefied natural gas needed to make it must pass.
Pharmacists have noted a spike in the price of medicines and contraceptives like condoms, as a result of the war. In the United Kingdom, pharmacies are charging 20 to 30 percent more for over-the-counter medicines, and the common painkiller paracetamol has more than quadrupled in price.
We are already seeing in our pediatrics an increasing number of admissions. We are reaching 120% bed occupancy. Our main priority is to have this therapeutic food arriving in Yemen on time.
We are closely monitoring the developments in the Middle East and the potential implications for our business. At this stage, we have temporarily suspended deliveries in the area, while managing few deliveries via airplane.
This war may be about ending the Iranian nuclear threat, it is, but it's become a war to ensure the free flow of energy. And at the moment, that war is not going that well. The Fox Business anchor argued President Donald Trump's administration needs to better understand what a pressing issue fuel prices are before it's too late.
Some of that has been impacted by, candidly, tariffs, supply chain issues. So there's been some slippage in some of the projects. We're deeply mindful and aware of that, but we're just managing that on a daily basis.
Whether California gets its oil from the Central Valley or Kuwait or Venezuela or other parts of the world, [it] doesn't matter. It still affects the price of gasoline the same because the price of all those oils goes up. The spiraling prices are primarily driven by a surge in global crude oil prices amid the war.
Forecasts that oil will hit $100 barrel happen regularly now because of the war in the Middle East and the shuttering of the Strait of Hormuz through which 20% of the world's oil flows by ship. If 2022, after the start of the Ukraine war, is any indication, $100 brings $5 gas.
Under international humanitarian law, healthcare must be protected and not attacked. At a briefing on Thursday, Tedros Adhanom Ghebreyesus, director general of WHO, said it had verified 13 attacks on health care in Iran and one in Lebanon. Ghebreyesus did not give further details, or attribute blame, but said healthcare must be protected.
Instagram's new 'Shop the Look' feature and recent algorithm shifts highlight the vulnerability of social media reliance, where creators fear brand dilution from automated tags while companies like Oddity faced a massive stock drop due to the instability of rented social spaces.
Trump imposed a 25% tariff on car imports last April, adding export costs to the supercars hand-made in Aston Martin's UK factory. While a subsequent US-UK agreement in May provided some relief for British automakers, there has been fresh uncertainty after Trump introduced a 10% global tariff on exports to the US in response to the Supreme Court ruling against his expansive tariff policy.
and some companies will even die if they can't get the components they need, he agreed, in a televised interview with Ningguan Chen of Taiwanese broadcaster Next TV. While the interview's entirely in Chinese, friends of The Verge stepped forward to confirm parts of a machine-translated summary that's been making headlines. They also note, importantly, that it's the interviewer asking whether companies might shut down or product lines might discontinue. Khein-Seng largely just agreed and clarified that it'll happen if these companies cannot secure enough RAM.
Many French supermarkets have empty shelves in the egg section, with retailers blaming bad weather and bird flu for the shortages. In recent weeks many consumers in France have reported egg shortages, with pictures of empty shelves shared on social media. Retailers say that a long-term problem has been made worse by recent outbreaks of bird flu, coupled with the snowy weather that hit France last week, causing widespread transport disruption.
The shine, however, masks a retailer under pressure. On Friday, Saks named a new CEO, capping a tumultuous 12 months for the heavily leveraged department store owner. After months of restructurings, lawsuits, missed payments, and broken promises, Saks Global is now facing the possibility of a Chapter 11 bankruptcy. What happens next could have consequences for customers. Brands - some of which haven't been paid in full for over a year - have paused shipments to Saks' stores, and creditors are awaiting news of its financial future.
Since returning to the White House in January, President Donald Trump has overturned decades of U.S. trade policy - building a wall of tariffs around what used to be a wide open economy. His double-digit taxes on imports from almost every country have disrupted global commerce and strained the budgets of consumers and businesses worldwide. They have also raised tens of billions of dollars for the U.S. Treasury.
Most managers of global companies came of age in an era where geopolitics did not have such a constraining role. These managers took for granted greater economic integration and strong institutional foundations that support it. They went to business school to learn about reading financial statements, analyzing investments, and selling to old and new customers. However, they had little-to-no training on navigating a world dominated by trade wars, national security concerns, shifts in the global balance of power, or technology decoupling.