Tremors spread globally as the Middle East conflict escalated


In this handout released by the US Navy, aircraft for flight operations are displayed on the flight deck of the Nimitz-class aircraft carrier USS Abraham Lincoln (CVN 72) in support of Operation Epic Fury at sea on March 2, 2026.

US Navy | Getty Images

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Vote to urge President Donald Trump to withdraw from war in Iran It failed to pass the US Senate on Wednesday. The resolution faced a lot of hurdles and was largely symbolic, as Trump was certain to veto it. French President Emmanuel Macron has said France will increase the number of its nuclear warheads and has promised greater cooperation with European allies that have expressed interest. That would be “the most significant update to French nuclear deterrence policy in 30 years,” according to analysts.

There will be a protracted conflict in the Middle East Dent India’s money flow enough to affect its economy. According to a Citi report, Indian diaspora in the Gulf countries contributes about 38% of India’s total remittance inflows. Based on inflows of $135.4 billion in fiscal 2025, the Gulf countries’ share is $51.4 billion. To put it in perspective: India’s total trade surplus with the US in 2025 was $58.2 billion.

China fixed its own on Thursday GDP growth target 4.5% to 5% by 2026 – the lowest target on record dating back to the early 1990s – Beijing expects growth to rise to 7% with continued deflationary pressures and trade tensions with US defense spending, the slowest increase since 2021, according to a copy of the government jobs report seen by CNBC, though analysts believe the official figures will be lower.

Amazon’s Bahrain data center was targeted by Iran for supporting the US military, state media Fars news agency said on Wednesday. The company’s cloud computing unit said on Monday that one of its facilities in Bahrain was damaged by a nearby drone strike on Sunday. Two data centers in the United Arab Emirates were damaged after a “direct hit” by drones.

The tech industry group expressed “concern” to US Defense Secretary Pete Hegseth Once a company is designated as a supply chain risk. Anthropic was not named in the letter written by the Information Technology Industry Council, but the artificial intelligence company was given that label Friday after failing to secure a deal with the Defense Department. Participating companies include Nvidia, Google, Anthropic, Microsoft, Apple and Amazon.

Broadcom reports earnings and revenue beat, And the chipmaker gave a strong forecast for the current period as it rides the artificial intelligence boom. The stock rose 5% in extended trading on Wednesday. “We have a line of sight to achieve over $100 billion in chips, AI revenue from chips alone in 2027,” Broadcom CEO Hock Tan said in a conference call with analysts. “We’ve also got the supply chain in place to achieve this.”

And finally…

US insists Iran conflict will not become ‘permanent war’ Experts beg to differ

Since the US and Israel launched a surprise attack on Iran last weekend, Washington has been keen to stress that the military action will end within weeks and will not become a so-called “permanent war”.

But experts say the US could easily become embroiled in “Operation Epic Fury” if the Iranian regime proves more resilient than expected.

– Holly Elliott

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