Business - Friday, March 13, 2026

President Trump said in a Truth Social post that he directed U.S. Central Command to execute a bombing raid that "obliterated" military targets on Kharg Island.

This week, Steven Rattner of Willett Advisors explains why the US labor market is softening and what tariffs, AI and stagflation risk could mean next. And as Europe prepares to spend more on defense, Sweden is emerging as an unlikely but crucial player in the continent’s push. Plus, private credit’s advantages are becoming vulnerabilities as some investors try to get their money out. Later, Nepal’s Gen Z protests toppled a government, and now the country’s voters are trying to turn that uprising into lasting change. (Source: Bloomberg)

The ground delays, which also affected the airport serving Richmond, Va., were expected to last until at least midnight, according to the F.A.A., which said the smell had affected air traffic controllers.

Travis Kalanick is renaming City Storage Systems to Atoms, while focusing on robotics for mining and transportation.

In the industry where René Redzepi reigned, fellow chefs are debating how, and how much, restaurant kitchens can change.

While sitting for a "Bloomberg Money Stuff" podcast episode taping, Saba Capital Management CIO Boaz Weinstein speaks about private credit "infecting" public markets. (Source: Bloomberg)

Trade body attends meeting with Rachel Reeves, hours after saying it was pulling out over suggestions of price gouging • Watchdog puts UK fuel retailers ‘on notice’ over profiteering from Iran war The trade body for the UK’s petrol station industry has got into a row with the government after claiming the “inflammatory language” used by ministers to describe rising pump prices may have incited abuse against forecourt staff. The Petrol Retailers Association (PRA) said ministers had for several days suggested that forecourts might be “price gouging” and “ripping off” motorists as global oil markets have surged in response to the war in Iran . Continue reading...

Mortgage rates jumped to a seven-month high Friday as war in Iran pushed bond yields higher.

Defense Secretary Pete Hegseth said that the disruptions in the Strait of Hormuz were “something we are dealing with.” And about 2,500 Marines were headed to the Middle East to bolster the war effort.

German chancellor says decision is wrong and that pressure on Putin over Ukraine war should be increased Middle East crisis – live updates European countries have pushed back against Donald Trump’s decision to ease some US sanctions on Russian oil amid Iran’s blockade of the strait of Hormuz, insisting the international community should maintain pressure on Moscow over its war against Ukraine. The UK has joined Germany, France and Norway in rejecting the move, with the foreign secretary, Yvette Cooper, decrying what she said was Russia and Iran’s attempt to “hijack the global economy”. Continue reading...