World Business
The latest World Business coverage from the Chattanooga Times Free Press, part of our Business section.
More in World Business, page 31
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Iran’s economy has been battered. Its leaders still think Trump will blink first
In the heartland of Iran's famed carpet-making industry, manufacturing has ground to a near halt. Dairies struggle to find packages for milk and butter. Giant steel mills that once drove Iran's economy have gone silent. Hundreds of thousands have lost jobs, and millions more are at risk.
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Tired and worried, seafarers have been stranded in the Persian Gulf for weeks
For about eight weeks, Indian Capt. Rahul Dhar and his crew have been stranded on their tanker in the Persian Gulf, sometimes watching drones and missiles explode as the Strait of Hormuz remained effectively shut while the Iran war dragged on.
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Elon Musk and OpenAI CEO Sam Altman head to court in high-stakes showdown over AI
Technology tycoons Elon Musk and Sam Altman are poised to face off in a high-stakes trial revolving around the alleged betrayal, deceit and unbridled ambition that blurred the bickering billionaires' once-shared vision for the development of artificial intelligence.
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Microsoft cuts OpenAI revenue share in a fresh step to loosen their AI alliance
Microsoft said Monday it will no longer pay a share of its revenue to ChatGPT maker OpenAI, the latest move to untether a close partnership that helped unleash an artificial intelligence boom.
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What to know if your flight is canceled amid rising jet fuel costs
Airlines worldwide have begun canceling flights as the war in the Middle East strains jet fuel supplies and pushes up prices — but the disruption doesn’t end there.
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Businesses dole out up to $4 million to cross Panama Canal during Strait of Hormuz chokehold
Businesses have doled out up as much as $4 million to move boats through the Panama Canal with the Strait of Hormuz effectively closed, according to the Panama Canal Authority, in a move that has created a seismic shift in global trade flows.
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EU approves a $106 billion loan package to help Ukraine after Hungary lifts its veto
The European Union on Thursday approved a 90-billion-euro ($106-billion) loan package to help Ukraine meet its economic and military needs for two years after oil began flowing through a key pipeline to Hungary and Slovakia, ending months of political deadlock.
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The Iran war could make petroleum products from clothes to crayons more costly
It might be hard to imagine the Iran war weighing on stuffed toys with names like Snuggle Glove, Bizzikins and Wobblies, but even plush playthings are not immune when oil shipments from the Middle East are constrained.
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Japan scraps a ban on lethal weapons exports in a change of its postwar pacifist policy
Japan on Tuesday scrapped a ban on lethal weapons exports, a major change in its postwar pacifist policy as the country seeks to build up its arms industry amid worries over Chinese and North Korean aggression.
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Carney says Canada’s economic ties with US are a weakness that must be corrected
Canadian Prime Minister Mark Carney said in a video address released Sunday that Canada's strong economic ties to the United States were once a strength but are now a weakness that must be corrected.
