- Forex Today: Crude Oil Jumps >7% on Full-Scale Iran War DailyForex
- Oil prices rise as Iran war threatens shipping through strait of Hormuz The Guardian
- How US-Israel attacks on Iran threaten the Strait of Hormuz, oil markets Al Jazeera
- Oil surges and stock futures sink after war in Iran disrupts crude supply CNN
- Iran’s revolutionary guards tell ships passage through Strait of Hormuz ‘not allowed’, EU naval mission official says Reuters
Category: 3. Business
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Forex Today: Crude Oil Jumps >7% on Full-Scale Iran War – DailyForex
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Middle East Conflict Sparks Surge in Oil Prices – WSJ
- Middle East Conflict Sparks Surge in Oil Prices WSJ
- How US-Israel attacks on Iran threaten the Strait of Hormuz, oil markets Al Jazeera
- Oil surges as Iran conflict disrupts Middle Eastern supply flow Dawn
- Oil surges and stock futures sink after war in Iran disrupts crude supply CNN
- Iran’s revolutionary guards tell ships passage through Strait of Hormuz ‘not allowed’, EU naval mission official says Reuters
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China’s annual parliament meet to unveil roadmap for tech race with the West
By Eduardo Baptista and Laurie Chen
BEIJING, March 2 (Reuters) – China will outline this week how it plans to push the next phase of its technology race with the West, and convert a wave of high-profile breakthroughs in artificial intelligence, space and robotics into industrial scale and capital market momentum.
The country’s top leadership will publish its annual government work report and budget plans at the opening session of the National People’s Congress (NPC), China’s rubber-stamp parliament, on Thursday, as well as the outline of its 15th Five-Year Plan for 2026–2030, a sweeping blueprint that sets priorities for industrial policy.
The reports spell out Beijing’s priorities and indicate which industries it will favour with generous funding and policy support.
Last year, AI models received a mention for the first time while embodied intelligence – the technology that powers humanoid robots – was also highlighted.
AI AFTER THE ‘SHOCK’
The NPC happens weeks before a planned meeting between Chinese President Xi Jinping and U.S. President Donald Trump from March 31 to April 2, where technology controls and supply chains are expected to feature prominently.
It also marks a year since Chinese AI developers drew global attention for sudden leaps in capability despite tight U.S. restrictions on access to advanced chips and chipmaking equipment.
DeepSeek, the Chinese startup whose viral AI model release last year triggered a global tech share selloff and reshaped assumptions for China’s technology competitiveness against the U.S., is widely expected to roll out a next-generation model in the coming days.
“The shock is over,” said Alfredo Montufar-Helu, a managing director at Ankura Consulting in Beijing. “Now there is an expectation of what China can come up with next.”
The challenge for Beijing is how to turn individual breakthroughs into systematic, large-scale gains across manufacturing, logistics and energy.
Shujing He, a senior analyst at advisory firm Plenum China, said policymakers are likely to push “AI-plus manufacturing” by using large state-owned enterprises as anchor adopters, pulling startups and specialised suppliers into real-world deployment.
That strategy, however, is also expected to reshape China’s industrial structure.
Shin Nakamura, president of Japanese manufacturer Daiwa Steel Tube Industries, said China’s AI push is likely to favour large, capital-intensive producers able to absorb the cost of deployment, while smaller firms face structural constraints.
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China’s ‘Two Sessions’ to Shed Light on What Lies Ahead for Economy – WSJ
- China’s ‘Two Sessions’ to Shed Light on What Lies Ahead for Economy WSJ
- China’s Five-Year Plan to Target Fixes to Commodities Supply Bloomberg
- China’s National People’s Congress set for high-tech and low growth Financial Times
- China’s national legislature to hold press conference ahead of annual session news.cgtn.com
- China’s strategic ecosystem: More than a Five-Year Plan Table.Briefings
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Asian shares mixed amid US-Israel attacks on Iran, Middle East turmoil – ICIS
- Asian shares mixed amid US-Israel attacks on Iran, Middle East turmoil ICIS
- Asia airline stocks drop while energy shares rise as Iran conflict escalates CNBC
- Oil surges and Asia stocks tumble on Iran crisis Nikkei Asia
- Indian rupee to fall past 91 as Iran war puts oil on the boil, saps risk appetite Business Recorder
- Sensex crashes over 2,700 points, investors lose ₹8 lakh crore at open— Why is stock market falling? Explained Mint
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China’s top political advisory body convenes standing committee session
Wang Huning, a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee and chairman of the Chinese People’s Political Consultative Conference (CPPCC) National Committee, attends the opening meeting of the 15th session of the Standing Committee of the 14th CPPCC National Committee in Beijing, capital of China, March 1, 2026. (Xinhua/Ding Lin)
BEIJING — The Chinese People’s Political Consultative Conference (CPPCC) National Committee convened a session of its standing committee on Sunday in Beijing to prepare for the upcoming annual session of the CPPCC National Committee.
Wang Huning, a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee and chairman of the CPPCC National Committee, attended the meeting.
CPPCC members reviewed and adopted a decision on convening the fourth session of the 14th CPPCC National Committee, set to start on March 4 in Beijing.
They heard a report on the work of the CPPCC National Committee in 2025. They also heard explanations on the drafting of the work report of the Standing Committee of the CPPCC National Committee and on the drafting of a report on the handling of the proposals from the previous session of the CPPCC National Committee, as well as explanations on relevant issues.
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Stock market today: Live updates
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Feb. 27, 2026.
Brendan McDermid | Reuters
Stock futures tumbled in overnight trading after the U.S. and Israel attacked Iran over the weekend, causing oil prices to surge and adding an unstable Middle East to a list of growing worries for equity investors.
Futures on the Dow Jones Industrial Average dropped 571 points, or 1.2%. S&P 500 futures lost 1% and Nasdaq 100 futures declined a little more than 1%. Gold futures jumped 2% as investors piled into the global safe haven.
The joint U.S.-Israeli strikes killed Supreme Leader Ayatollah Ali Khamenei, marking a watershed moment for the Islamic Republic and one of its most consequential episodes since 1979. President Donald Trump told CNBC’s Joe Kernen that U.S. military operations in Iran are “ahead of schedule,” but investors are worried about a prolonged conflict despite those comments.
The large-scale assault was launched overnight Saturday after Iran refused American demands to curb its nuclear program. Iranian officials have vowed a forceful retaliation, raising fears the conflict could spread across the region.
“The tail risk of a sustained conflict is higher than in 2024 or 2025, though we don’t see this war escalating to a point where it drastically changes the US outlook,” said Barclays’ Ajay Rajadhyaksha in a note. But early this week “is too early to buy any dip, especially with investors used to a pattern of quick de-escalation.”
U.S. crude prices jumped 8% in early trading, as investors worry the confrontation could spiral into a broader war that disrupts supplies. Iran is the fourth-largest oil producer in OPEC, and uncertainty remains over who will ultimately govern the country amid the leadership vacuum.
The oil market’s trajectory may hinge on whether fighting disrupts traffic through the Strait of Hormuz, the world’s most important chokepoint for crude flows. A sustained interruption there could reverberate through global energy markets and reignite inflation pressures.
“Broader uncertainty suppresses investor sentiment, which can broadly weigh on risk-assets globally,” said Adam Hetts, global head of multi-asset at Janus Henderson. “In a prolonged period of uncertainty, increases in oil prices could generate a global inflationary scare.”
The geopolitical escalation compounds an already fragile backdrop for stocks. The S&P 500 sold off Friday and finished in the red for February amid renewed turmoil in artificial intelligence and software shares, as investors questioned whether rapid AI adoption could displace traditional software providers.
Fears that automation may erode business models and trigger mounting layoffs have weighed on sentiment, raising concerns about spillover effects on the broader economy.
“All told, we presume a shorter-term impact, but can’t rule out a more protracted friction to equities,” said Citi equity strategists in a note to clients about the Iran impact. “We also need to bucket this new volatility event alongside a growing list of concerns. Namely, the AI spending boom seems poised to persist, but the productivity promise is quickly facing off against AI-triggered business-model disruption.”
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Huawei to Unveil Three Key Capabilities of Agentic Communication Network (ACN) to Build an Efficient “Information Overpass” for AI Agents
[Barcelona, Spain, March 1, 2026] At MWC Barcelona 2026, Huawei will unveil three key capabilities of its Agentic Communication Network (ACN): digital identity management, dynamic group communication, and collaboration task session management. These capabilities are designed to support the complex communication needs of future multi-agent collaboration and drive innovation in new service scenarios for the mobile AI era.
Huawei unveils key capabilities of ACN
As AI technologies become deeply integrated with communications networks, hundreds of millions of AI agents will gradually connect to networks and become primary entities for information exchange.
To address this trend, Huawei’s ACN enhances native network capabilities, transforming traditional connection infrastructure into a powerful communication and collaboration foundation for AI agents. The ACN creates an efficient, intelligent “information overpass” for agents operating in both physical and digital spaces.
Digital Identity Management: Assigning Unique Trusted Digital Identities to Agents to Build a Trusted and Controllable Communication Basis for Agents
To accommodate large-scale agent access, ACN extends beyond traditional SIM-based user identity management to support digital identity authentication and attribute registration for agents. Agents can register their profiles, including service capabilities and functional attributes, with the network. When a service intent is triggered, ACN can accurately discover target agents and grant communication permissions based on multi-dimensional attributes.
This mechanism ensures both parties have trusted identities, clear intent, and controllable behavior. In practical terms, it means agents know who they’re communicating with, what each can do, and that they can trust one another. This lays the foundation for refined communication management between agents.
Dynamic Group Communication: Creating Task-specific Communication Groups to Build a Secure Space for Efficient Collaboration and Data Isolation
Traditional networks primarily support north-south connections between terminals and service platforms. However, agent collaboration scenarios significantly increase demand for east-west interactions between agents.
The ACN enables data exchange and processing between agents directly within the network. Based on specific collaboration tasks, ACN dynamically generates temporary networks for rapid communication between agents in the same task group, while ensuring complete network isolation between different groups. By creating temporary “dedicated chat groups” for each task, ACN achieves efficient collaboration within groups and full isolation outside them. This approach prevents data from leaving the network domain, ensures privacy protection, and builds trusted, controllable communication spaces for agents.
Collaboration Task Session Management: Establishing End-to-End Task Sessions for Agent Intent to Build a Bridge for Cross-Ecosystem Agent Interconnection
Beyond providing data connectivity, ACN enables task-level collaboration between agents. Based on agent intent, ACN supports intelligent matching of target agents and establishes agent-to-agent (A2A) task sessions, achieving end-to-end collaboration from the application layer to the network layer.
This capability breaks down barriers between ecosystems, terminal types, and network domains. ACN functions as a precise network dispatcher, creating dedicated “collaboration private lines” for agents that support interconnection and interworking across domains, platforms, and scenarios.
Looking ahead, Huawei will continue driving ACN technology innovation while working with global customers and industry partners to explore new service scenarios for agents in the mobile AI era, helping agents integrate more seamlessly into our daily lives.
During MWC2026, Huawei invites global customers and partners to visit the exhibition area to discuss the future of agent communication.
MWC Barcelona 2026 will be held from March 2 to March 5 in Barcelona, Spain. During the event, Huawei will showcase its latest products and solutions at stand 1H50 in Fira Gran Via Hall 1.
The era of agentic networks is now approaching fast, and the commercial adoption of 5G-A at scale is gaining speed. Huawei is actively working with carriers and partners around the world to unleash the full potential of 5G-A and pave the way for the evolution to 6G. We are also creating AI-Centric Network solutions to enable intelligent services, networks, and network elements (NEs), speeding up the large-scale deployment of level-4 autonomous networks (AN L4), and using AI to upgrade our core business. Together with other industry players, we will create leading value-driven networks and AI computing backbones for a fully intelligent future.
For more information, please visit: https://carrier.huawei.com/en/minisite/events/mwc2026/
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UAE stock markets to close for two days amid Iran strikes
The United Arab Emirates said its two key markets will close for two days of the week, avoiding a possible meltdown after the Gulf country was repeatedly hit as Iran retaliated against US-Israeli airstrikes.
Abu Dhabi Securities Exchange and Dubai Financial Market will be closed on March 2 and March 3, the UAE Capital Market Authority said in an emailed statement. “The Authority will continue to monitor developments in the region and assess the situation on an ongoing basis, taking any further measures as necessary,” it added.
Dubai and Abu Dhabi have faced hundreds of missiles and drone attacks from Iran, which has been responding to an onslaught from the US and Israel, since Saturday morning. Most have been intercepted and there are few reports of casualties and damage to multiple areas across both cities. But the attacks are causing panic among residents and pose a huge threat to the UAE’s economy and status as a stable financial, logistics and tourism hub.
“US-Israel attacks on Iran threaten demand shocks for UAE property sales, risking absorption of 350,000 units in new supply, as well as 120 million footfalls into Dubai Mall and tourism into retail and hospitality,” Bloomberg Intelligence analysts Edmond Christou and Salome Skhirtladze wrote in a note. “UAE developers, such as Emaar, are vulnerable as are UAE banks with greater cyclical exposure.”
The UAE stock exchanges’ market capitalization stands at $1.1 trillion, making it the 19th largest in the world. It holds a 1.4% weight on MSCI Inc.’s emerging markets benchmark.
Read More: Dubai’s Worst Nightmare Unfolds as Iran Strikes Neighbors
The market closures are unusual in the country. Outside regularly-scheduled holidays, UAE bourses are typically shuttered only during periods of national mourning, such as one that followed the death of President Sheikh Khalifa bin Zayed Al Nahyan in May 2022.
Still, it’s not uncommon for countries to shut their stock markets during times of uncertainty and turmoil. Among recent examples, Turkey suspended trading for a week after an earthquake in 2023 and the market soared upon reopening. Russia halted its market for about a month in 2022 after its invasion of Ukraine. In Greece, the Athens Stock Exchange shut in 2015 for five weeks during the sovereign debt crisis and plunged when trading resumed.
Elsewhere in the Gulf, the Kuwait Capital Markets Authority said the country’s stock exchange will resume trading on March 2 after halting operations on Sunday.
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Transporters warn of strike after Eid
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KARACHI:Pakistan Goods Transport Alliance President Malik Shehzad Awan has strongly criticised the recent increase in petroleum prices and warned that transporters may announce a countrywide strike after Eid following consultations with stakeholders across Pakistan.
In a statement, Awan said transporters across the country condemned the hike in fuel prices, noting that diesel prices had increased by Rs23-24 per litre and petrol by Rs13 per litre over the past two months. Despite the rise in fuel costs during the holy month of Ramazan, he said, transporters had not increased fares.
He added that higher fuel prices affect not only transporters but every citizen, as they trigger a wave of inflation. According to him, both the federal government and the Punjab government were pushing transporters into a difficult position. He recalled that transporters had previously observed a 10-day nationwide strike due to what he described as flawed policies.
Awan further alleged that agreements reached with the government were not being implemented.
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