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BANGKOK (AP) — Global energy trade is in turmoil. War around the Persian Gulf Transportation of oil and natural gas is disrupted, causing prices to soar. Asia is most at risk because it relies heavily on imported fuel, much of which is transported through the Strait of Hormuz, a narrow shipping corridor. 1/5 of world trade Found in crude oil and liquefied natural gas (LNG).About 13 million barrels of oil per day passed through the corridor in 2025, according to energy consultancy Kpler. This represents about one-third of offshore crude oil, which is unrefined petroleum that is processed into fuels…

Basilio Gutierrez, Cuba’s ambassador to Ecuador, and his diplomatic staff were given 48 hours to leave Quito.listen to this article | 4 minutesinformationPublished March 5, 2026March 5, 2026Click here to share on social mediaShare 2shareplus 2 googleAdd Al Jazeera to GoogleinformationPower outages have occurred in most parts of Cuba, including the capital Havana, the state-owned power company has announced, as the administration of US President Donald Trump continues its attempts to cripple the Caribbean nation by cutting vital oil shipments.News of Wednesday’s widespread power outage emerged as diplomatic relations with Ecuador’s Latin American neighbor plummeted after the expulsion of Havana’s…

Manchester City twice conceded the lead in a heartbreaking 2-2 draw with Nottingham Forest, dropping a further two points as they trail Premier League leaders Arsenal.Josep Guardiola’s side’s next league appearance at the Etihad will be against the Gunners in mid-April, which will be broadcast live on Sky Sports. Perhaps things will change again by then, but for now, Arsenal’s win over Brighton on Wednesday has widened the gap at the top of the table to seven points. On a night when City lacked balance and finesse from Nico O’Reilly in midfield, Antoine Semenyo and Rodri scored on either side…

At Morgan Stanley’s Technology, Media and Telecom Conference in downtown San Francisco on Wednesday, NVIDIA CEO Jensen Huang said the company’s recent investments in OpenAI and Anthropic are likely its final investments in both companies, and the investment window will close once the companies go public, as expected later this year. It could be something as simple as that. At a time when companies are rushing to make more profits, sometimes close to the eve of going public, Nvidia is minting money by selling the chips that power both companies. There’s no need to pour more money into one or…

Here are some stocks with the biggest price movements during intraday trading. CoreWeave — The cloud company’s stock soared 8% after announcing a multi-year deal with Perplexity. AI companies power next-generation inference workloads on CoreWeave’s platform. Broadcom — Shares rose 2% ahead of the semiconductor maker’s first-quarter earnings report, which was expected after the bell. Analysts surveyed by LSEG expected earnings of $2.03 per share on revenue of $19.18 billion. Dow Co. – KeyBank raised the stock from sector weight to overweight, saying higher oil prices will benefit Dow and other U.S. ethylene producers. After the phone call, the company’s…

Broadcom CEO Hock Tan.lucas jackson reuterBroadcom CEO Hock Tan said the artificial intelligence boom is gaining so much momentum that he predicts next year’s AI chip revenue will be “well over $100 billion.”After the semiconductor maker reported better-than-expected first-quarter results and issued a strong outlook for the current fiscal year, Tan said on his company’s earnings call that demand is rising from large customers who increasingly need Broadcom’s help with custom silicon designs. Regarding the sales target for 2027, Tan said, “We have also secured the necessary supply chain to achieve this.”AI revenue more than doubled year-over-year to $8.4 billion…

The House Oversight Committee voted to subpoena Bondi over the Justice Department’s handling of files in the Epstein investigation.listen to this article | 3 minutesinformationPublished March 5, 2026March 5, 2026Click here to share on social mediaShare 2shareplus 2 googleAdd Al Jazeera to GoogleinformationThe House Oversight Committee has voted to subpoena Attorney General Pam Bondi to testify before the committee regarding the Department of Justice’s record-keeping related to the investigation of sex offender Jeffrey Epstein.The motion, introduced by Republican Rep. Nancy Mace, passed Wednesday by a vote of 24-19, with five Republicans joining Democrats in supporting the subpoena, amid an unusual…

Arsenal capitalized on Manchester City’s blunder against Nottingham Forest with a 1-0 win over Brighton, moving them seven points clear at the top of the Premier League.Bukayo Saka’s deflected effort in the ninth minute proved decisive for the Gunners in a tough and tough encounter on the south coast as the title rivals were held to a 2-2 draw at the Etihad Stadium. “Only one team tried to play football,” Brighton manager Fabian Hürzeler said after the match, accusing Arsenal of time-wasting tactics involving David Raya, who received treatment three times. “What a surprise,” Mikel Arteta replied. Player evaluation Brighton:…

A man walks past an electronic screen displaying the Korean Standard Stock Price Index (KOSPI) at the Korea Exchange in Seoul, March 3, 2026. Jung Young Jae | AFP | Getty ImagesSouth Korean stocks have fallen sharply following the US and Israeli attacks on Iran. But Wall Street doesn’t see that as a harbinger of anything to come in the US.benchmark Kospi index Stocks fell more than 12% on Wednesday, the worst single-day session ever. South Korean stocks have fallen more than 18% so far this week, marking the biggest weekly decline since 2008.The South Korean stock market was dark…

Broadcom on Wednesday reported solid quarterly results and painted an increasingly positive outlook for the future of its custom AI chip business. The report showed that despite waning enthusiasm for Broadcom’s stock, the company’s most important businesses still have tailwinds. According to estimates compiled by LSEG, sales for the first quarter of fiscal 2026, which ended on February 1, were $19.31 billion, exceeding the consensus estimate of $19.18 billion and setting a record high. On a full-year basis, revenue increased 29%. Adjusted earnings per share (EPS) rose 28% to $2.05, also beating expectations of $2.03, according to LSEG data. Adjusted…