Iran War Drives Up Costs, Darkens Economic Outlook
Businesses across various sectors are experiencing rising costs and a darkening economic outlook due to the ongoing Iran war. An oil servicer also anticipates deepening war impacts this quarter.
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Oil Servicer Weatherford Sees War Impacts Deepening This Quarter - Bloomberg.com
Oil Servicer Weatherford Sees War Impacts Deepening This Quarter Bloomberg.com
Read full article →CSX says more businesses are shipping via rail to avoid surging fuel costs
Shares of CSX jumped after hours on Wednesday after the railroad giant raised its sales outlook for the year, as more businesses choose rail to save on fuel costs in the wake of the Iran war.
By Bill Peters
Read full article →‘Tube strikes this week will cost us tens of thousands’: Frustrated businesses warn of huge hit to London economy
Hospitality workers in the capital have seen a fall in footfall as customers are forced to work from home due to the strikes
By Bryony Gooch
Read full article →From paint to planes, Iran war lifts costs, darkens outlooks
LONDON (Reuters) -- Companies from consumer goods to travel and mining warned Wednesday that the US-Israeli war with Iran is driving up costs, disrupting supply chains and hurting consumer confidence, clouding financial outlooks. The cautious tone so far in the earnings season highlights the pressure on businesses already hit by US tariffs, higher input costs and weak demand before the conflict erupted in late February. While some companies stuck to their full-year forecasts, executives flagged
By The Korea Herald
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