Business daily

Natural gas prices soared as attacks intensified on energy infrastructure in the Middle East. The Ras Laffan plant in Qatar has sustained "significant damage", according to its operators, which could take years to fully repair. That will have a significant impact on global supplies, because the facility produces around a fifth of the world's LNG (liquefied natural gas). Also in the show: the World Trade Organization warns a trade slowdown could lead to mounting food insecurity.  

Strikes on the natural gas production facilities of Iran and Qatar have sent energy prices soaring, with central bankers around the world struggling to set monetary policy amid a highly uncertain inflationary outlook. We take a closer look. Also in this edition: the French shipbuilding industry welcomes the start of construction of the country's next nuclear-powered aircraft carrier.

The Trump administration is taking steps to curb rising energy costs, as it continues to wage war in the Middle East. The US is easing sanctions on Venezuela, and suspending a century-old shipping law, in an effort to get more oil supplies into the global market. Meanwhile, oil prices continue to rise, with crude topping $109 per barrel, as Gulf energy infrastructure is targeted by strikes. Also in the show: the UN's maritime agency seeks safe passage for sailors trapped by the conflict. 

The long-awaited return to the stage of K-pop sensation BTS is set to boost South Korea's tourism and consumer economy. Our regional correspondents report. But first: the war in Iran upends the spring travel season for airlines and passengers alike, and investors await the latest rate call from the US Federal Reserve.

Two Indian-flagged tankers together carrying over 92,000 metric tonnes of liquefied petroleum gas have arrived at ports in Gujarat state after safely passing through the Strait of Hormuz. New Delhi has been negotiating with Iran, but the government denies discussing the possible release of Iranian tankers it seized in February as part of the bargain. Meanwhile, global crude prices jumped again amid new Iranian attacks on the UAE. 

Iran sends drones to attack the UAE port of Fujairah in the Gulf of Oman, raising the stakes as Gulf states send their blocked crude through pipelines away from the contested Strait of Hormuz. We take a closer look. Also in this edition: central banks face a dilemma as high oil prices threaten to both rekindle inflation and slow global growth.

Global oil prices fell sharply on Monday after a Pakistan-bound oil tanker passed through the Strait of Hormuz with its transponder on. The decline came even as countries have so far rebuffed Donald Trump's request to send warships to escort vessels through the waterway. Meanwhile, the International Energy Agency said its members could unlock more oil from their strategic reserves after agreeing to jointly release a record 400 million barrels from their emergency stockpiles. 

New Delhi walks a policy tightrope, with public anger mounting over shortages of cooking gas as the US demands support for its war on Iran. Also in this edition: China's economy turns in stronger than expected figures, and oil prices continue to rise as Washington threatens to strike Iran's oil export infrastructure.

Brent crude has once again topped $100 a barrel as energy markets brace for the Iran conflict to drag on. US President Donald Trump says he is less concerned about high oil prices than about stopping Iran, while his energy secretary has confirmed the military cannot yet escort tankers through the Strait of Hormuz. Also, Indian households and businesses are facing high prices and shortages of cooking fuel, linked to disruptions in the Gulf.

Oil markets fell and picked up again on Wednesday, as the International Energy Agency reportedly considers its largest-ever release of emergency crude stockpiles to stabilise global markets, while Iran is said to have laid naval mines in the Hormuz Strait. In this edition, we look at how the latest developments in the ongoing Middle East war are affecting markets.

As the Iran war continues to disrupt oil supplies from the Middle East, Paris has hosted a summit aimed at boosting the use of civilian nuclear energy. Announcing a plan to provide a €200 million guarantee for investment in innovative nuclear technologies, European Commission President Ursula von der Leyen said it had been a strategic mistake for the continent to reduce the share of nuclear power in its energy mix.

Global benchmark prices for oil fell, and stocks rose, on the back of US President's comments signalling the war in Iran could be nearing some form of conclusion. Meanwhile, the Strait of Hormuz is still effectively closed to tanker traffic, and Washington is weighing its options both to clear the bottleneck and ease pressure on consumers back home. Also in this edition, Venezuela prepares to open up its mining sector to US companies.

Crude oil prices pulled back sharply after brushing $120 a barrel earlier on Monday. After hovering around $100 for most of the day, both Brent and WTI benchmarks reversed course following comments from Donald Trump suggesting the US-Israeli war with Iran could soon come to an end. As Gulf countries began cutting production amid a rapid decrease in available storage space, consumers have already started seeing fuel prices rise.

China's annual parliamentary session kicks off with a growth downgrade as leaders target technology dominance in the manufacturing field. We take a closer look. Also in this edition: South Korean markets bounce back from a huge selloff, and a US trade court orders the Trump administration to issue tariff refunds.

Oil prices have steadied for the first time since the US and Israel launched strikes on Iran. But concerns about energy security and prices are weighing on consumers. In France, long queues have formed at petrol stations, despite the energy minister's assertion that the public shouldn't worry about shortages. Also in the show: shipping giants Maersk, Cosco and Hapag-Lloyd suspend all operations in the Gulf, and the Trump administration plans to raise global tariffs to 15 percent "sometime this week".

South Korea's main stock index, the KOSPI, lost 12 percent on Wednesday, sending retail investors into a panic as fears of energy shortages due to the war in Iran battered shares in chipmakers and industrial giants. Meanwhile, Donald Trump says the US will insure oil tankers transiting the Persian Gulf as operating costs skyrocket, and the travel industry suffers as key Middle East hubs remain out of commission.

Iran has taken the risky gambit of closing the Strait of Hormuz, which could backfire and hurt its own economy. FRANCE 24's Yuka Royer speaks with Iranian-Austrian economist Mahdi Ghodsi from the Vienna Institute for International Economic Studies about Iran's unsustainable economic path and whether it's headed for hyperinflation. 

Iran has declared the Strait of Hormuz closed and threatened to fire at any ship passing through it. The narrow waterway is a vital chokepoint for global oil and gas, but also for other commodities such as fertiliser. FRANCE 24's Yuka Royer speaks with Noam Raydan, a maritime risk expert at The Washington Institute for Near East Policy, about the potential impact of the Strait's closure and how Iran could further escalate the situation. 

As war escalates in the Middle East and Iran's security forces order ships not to cross the Strait of Hormuz, oil prices have surged this Monday, putting pressure on global markets. In this edition, we speak to Jorge León of Rystad Energy to better understand the forces that are bringing benchmark energy prices higher. 

Hungary's Prime Minister Viktor Orban has asked the EU for a fact-finding mission over disruptions to a pipeline which delivers Russian crude oil. Hungary has accused Ukraine of "deliberately threatening" its energy security ahead of key parliamentary elections. The Soviet-era Druzhba pipeline is still used by Hungary and Slovakia, which remain dependent on Russian oil imports despite European efforts. Also in the show: German lawmakers consider ending the eight-hour workday. 

Despite headwinds from US tariffs and Chinese competition, the European Bank for Reconstruction and Development's latest report shows stronger-than-expected GDP growth, particularly in sub-Saharan Africa as decelerating inflation boosts consumer spending power. In Business, we spoke to the report's lead author, EBRD chief economist Beata Javorcik.

In his State of the Union address, US President Donald Trump sought to reassure Americans that the economy is doing well ahead of key midterm elections. Also in this edition: the Pentagon tells Anthropic it has until Friday to loosen AI safeguards, or lose its $200 million contract. Plus the Louvre's president resigns after a series of crises and what auditors consider to be a mismanagement of funds.

German Chancellor Friedrich Merz is visiting China on a two-day trip starting Wednesday.  He's the latest in a string of Western leaders to try and seek new partnerships with the Asian giant in recent weeks, amid Donald Trump's trade war against the rest of the world.  It's a delicate balancing act for the German leader as the country's industry has been squeezed by competition from China. But first, we take stock of what four years of war have done to Ukraine's economy. 

Four years to the day after Russia's full-scale invasion of Ukraine, we take a look at the state of the country's economy. The World Bank estimates it will take $588 billion over the next 10 years to make up for damage and destruction incurred during the conflict. The housing, transport and energy sectors have seen the biggest losses. Also in this edition: Panama takes control of two key ports on the Panama Canal.

After the US Supreme Court struck down his "Liberation Day" tariffs as unlawful, US President Donald Trump has doubled down on his trade policy and warned countries around the world not to "play games" with the court ruling and stick to recently agreed trade deals. The EU, meanwhile, has decided to hold off on ratifying its agreement with the US while waiting for clarity. 

After a weekend of trade upheaval in the wake of the US Supreme Court's decision to invalidate US president's tariffs that invoked the International Emergency Economic Powers Act, and Donald Trump's subsequent decision to apply 15 percent global tariffs based on another law, we look at the latest developments in global trade. Also in this edition, robotaxis are vowing to hit the streets of London by the end of 2026. 

What fate awaits Europe's Future Combat Air System? The joint programme to modernise military aviation in France, Germany and Spain has hit turbulence, as tensions rise between the partners designing a next-generation fighter jet – and questions grow over whether Berlin might quit the defence scheme altogether. Also, Apple is being sued over its alleged role in distributing child sexual abuse material, and the Trump administration is threatening to withdraw from the International Energy Agency over its net-zero emissions goals.

As world leaders and tech executives congregate in New Delhi for the AI Impact Summit, we spoke to Metin Taskin, CEO of Airties, about the impact the technology is having on the telecom sector. He explained that AI allows for faster and more reliable coding, which was one of the industry's biggest bottlenecks. He also addressed other telecom sector trends, notably the high "customer churn" between operators as clients seek out better connectivity.

Christine Lagarde, the president of the European Central Bank, has decided to leave her position as the EU's top central banker before the end of her mandate in October 2027, according to a report in the Financial Times. The move could allow for her successor to be named ahead of presidential elections in France. Also in this edition, Venezuela's interim government issues its first statement on the disputed oil-rich territory of Essequibo. 

The European Commission has opened a formal investigation into Shein over suspicions that the online retail giant has violated the EU's Digital Services Act. The probe comes months after the online retail giant came under fire for allowing child-like sex dolls to be sold on its site. But first, France is inching closer to finalising a massive deal over the sale of 114 Rafale fighter jets to India, as French President Emmanuel Macron kicks off his three-day visit. 

India has kicked off the 4th edition of the AI Summit, the first such event in the global south. The five-day event will draw world leaders including the French and Brazilian presidents, as well as tech bosses like Google's Sundar Pichai and OpenAI's Sam Altman, serving as an opportunity for New Delhi to showcase its burgeoning AI industry. Also in the segment, a Pokemon card owned by wrestler Logan Paul has fetched a whopping $16.5 million in an online auction. 

According to preliminary data released on Monday, Japan's economy grew by 0.2 percent annually in the last quarter of 2025, bouncing back from a contraction in the previous quarter but far below expectations of +1.6 percent growth. Also in this edition, Warner Bros. Discovery is reportedly considering reopening sale talks with Paramount Skydance. Plus, China's successful "winter economy" could be a blueprint to bolster domestic consumption. 

Indian farmers and trade unions have staged a day of nationwide strikes and protests over a recently announced trade deal with the United States. While the government says measures to safeguard the country's agriculture sector have been put in place, Indian farmers worry the agreement will lower barriers for US farm products. We take a closer look.

In a rare move, the Republican-controlled House of Representatives has approved a resolution to undo President Donald Trump's ability to impose tariffs on Canadian goods. We take a closer look. Also in this edition: EU leaders meet for an informal retreat aimed at setting a course to improve competitiveness in a "new global economy".

US President Donald Trump is threatening to block the opening of a new cross-border bridge between the US and Canada over concerns Washington has been treated unfairly over the course of the project. In this edition, we see whether Trump's claims about the bridge are fair and whether other motives could explain his threats. Also, Argentinians want an update on the method used to calculate inflation, which hasn't changed since 2004.

French metal giant ArcelorMittal has confirmed it will go ahead with a plan to build a new electric furnace to replace one of its coal-powered ones at its steel mill in northern France. Half of the €1.3 billion investment will come from a state-backed energy efficiency mechanism. President Emmanuel Macron toured the Dunkirk site to mark the occasion. Also in the segment, we look at the state of Cuba's economic crisis amid severe fuel shortages. 

Meta Platforms and YouTube defended themselves in a landmark civil suit in Los Angeles on Monday, where they were accused of purposely designing their products to cause addiction in children. The US's leading tech companies are facing several similar court cases across the country. Also in this edition, French President Emmanuel Macron calls for the EU to launch a joint borrowing mechanism to invest in AI, green tech and quantum computing.

The digital economy now accounts for 17 percent of global GDP and is worth over $20 trillion, according to a new report by the International Data Centre Authority (IDCA). But growth has been uneven across the world, with more than 1 billion people having poor access to electricity. IDCA's CEO Mehdi Paryavi tells FRANCE 24 that poorer nations can develop digital economies that can empower those nations and improve energy access and education. 

The Nikkei 225 index in Tokyo, which tracks the performance of Japan's largest companies, hit a new record on Monday after Prime Minister Sanae Takaichi's ruling Liberal Democratic Party secured a two-thirds majority in the lower house over the weekend. Takaichi ran on an ambitious big-spending agenda, welcomed by investors, although concerns over the country's debt load –around 230% of GDP – are likely to persist.

Businesses across Italy could see a windfall of some $6 billion, as spectators head to the Alps for the Winter Olympics. The Milano-Cortina 2026 Games have run over budget, although by a smaller amount than previous competitions. Giulia Wedam, co-Founder & CEO of the tourism agency Cortina IN, says she's expecting a boost in business that will outlast the Games themselves.   

Taiwanese chipmaker TSMC, Asia's most valuable company, has announced plans to produce 3-nanometre cutting-edge chips in Japan. Japan's Prime Minister Sanae Takaichi lauded the announcement as "the missing piece for the country" since she's looked to bolster domestic chipmaking ahead of lower house elections on February 8. Also in this edition: Cuba is on the edge of a "humanitarian collapse" as it faces an oil siege imposed by the United States.

The Trump administration has put aside its tariff threats, and is calling for a new trade bloc to focus on critical minerals. Ministers from 55 countries attended talks in Washington aimed at reducing their reliance on China, which dominates the production and processing of the elements. Meanwhile, Japan hopes to revolutionise its own mineral supplies, becoming the first country to retrieve deep-sea mud containing rare earth elements.