Business Recorder

Gulf tensions escalate as Iran hits Kuwait, US strikes near Hormuz

DUBAI/WASHINGTON:- Gulf hostilities flared again on Wednesday as Iranian attacks on Kuwait damaged its airport and injured dozens while the U.S. military carried out strikes near the Strait of Hormuz , with diplomacy to halt the war showing little…

#USIranConfrontation #GulfCountries

Business Recorder

Nicholas Galitzine finds footing as He-Man in ‘Masters of the Universe’ movie

LOS ANGELES: While Nicholas Galitzine, star of the 2026 fantasy film “Masters of the Universe,” didn’t grow up playing with the classic Mattel He-Man toys or watching the 1983 animated series, he found his own way to connect with the role. “Well, …

#NicholasGalitzine

Business Recorder

Venezuela’s Rodriguez arrives in oil-hungry India

NEW DELHI: Venezuela’s interim President Delcy Rodriguez arrived in New Delhi on Wednesday to deepen cooperation between the oil exporter and energy-hungry India, the world’s most populous nation. Her five-day visit comes as India, the world’s thi…

#India #OilCrisis #Venezuela

Business Recorder

US stocks edge lower as investors consolidate after string of records

NEW YORK: Wall Street stocks opened lower on Wednesday, with equities taking a breather after hitting one record high after another in recent weeks, and increased pessimism around the chances of peace in the US-Israel war on Iran. The Dow Jones In…

#USStocks #Economy

Business Recorder

AI music startup Suno raises funding at $5.4 billion valuation

Suno said on Wednesday it has raised more than $400 million in a funding round at a $5.4 billion valuation, as the AI music startup looks to enhance its platform by creating new tools. The Massachusetts-based startup, which allows users to generat…

#AI

Business Recorder

IMF says Saudi economy holding up during Iran war but growth could slow to 2% in 2026

ABU DHABI: Saudi Arabia’s economy has proved resilient during the Middle East war, but the conflict has weighed on non-oil activity and confidence, leaving growth this year “notably” lower, the International Monetary Fund said on Wednesday. The ki…

#OilPrices #IranUSConflict

Business Recorder

Most Gulf markets retreat on Iran war jitters

Most major Gulf stock markets fell on Wednesday as hostilities flared after U.S.-Iran peace talks stalled. The U.S. military reported that Iranian missile attacks targeting Bahrain, Kuwait, and other sites were either intercepted or failed, while …

#GulfMarkets #Economy #IranUSConflict

Business Recorder

Broad-based losses drag Sri Lankan shares lower for third day

Sri Lankan shares closed lower on Wednesday, dragged by losses across sectors. The CSE All Share index settled down 0.75% at 22,011.10, falling for the third-consecutive day. Dialog Finance PLC and Cargo Boat Development Co were the top percentage…

#StockMarket #SriLanka #Economy

Business Recorder

Indian central bank rebuts media report it sold gold reserves

The Reserve Bank of India on Wednesday denied a Bloomberg News report that said the central bank likely sold gold reserves worth roughly $12 billion in the two weeks through May 22. The RBI said in a statement its physical stock of the precious me…

#GoldReserves #RBI #Economy

Business Recorder

Trump confirms he called Netanyahu crazy in phone call

WASHINGTON: U.S. President Donald Trump acknowledged having called Israeli Prime Minister Benjamin Netanyahu crazy in an expletive-filled phone exchange over fighting in Lebanon while the U.S. was trying to negotiate an end to hostilities with Ira…

#DonaldTrump #BenjaminNetanyahu