Business & Economy

Published: March 11, 2026 The English Chronicle Desk. The English Chronicle Online The chief executive of one of the world’s largest shipping companies has told the BBC that the economic fallout from the ongoing war involving Iran will ultimately be passed on to everyday consumers through higher prices for goods and services. Vincent Clerc, head of Danish shipping giant Maersk, said sharply rising operational costs driven by the conflict are...

Published: March 11, 2026 The English Chronicle Desk. The English Chronicle Online Sarah Ferguson, the Duchess of York, has reportedly lost another £1.5 million, highlighting ongoing financial difficulties that have drawn media attention and public scrutiny. The latest setback underscores the challenges the former royal faces in managing personal finances despite her high-profile career and public engagements. Ferguson, 63, has previously experienced a series of financial difficulties stemming from unsuccessful...

Published: March 11, 2026 The English Chronicle Desk. The English Chronicle Online As fighting intensifies across the Middle East following a widening war involving Iran, Russia appears to be positioning itself to extract diplomatic, economic and geopolitical advantages from the crisis. While Moscow has publicly condemned attacks on Iran and expressed solidarity with its long-time regional partner, analysts say the Kremlin is simultaneously navigating the conflict in ways that could...

Published: March 11, 2026 The English Chronicle Desk. The English Chronicle Online A major escalation in the growing Middle East conflict unfolded this week after the United States confirmed that its military forces destroyed sixteen Iranian naval vessels suspected of laying mines in the strategically critical Strait of Hormuz. The operation came amid a wider wave of military activity across the region, as Iran launched retaliatory strikes and tensions spread...

Published: March 10, 2026The English Chronicle DeskThe English Chronicle Online Iran’s leadership has formally rejected calls for a ceasefire in the ongoing war with the United States and Israel, escalating tensions with a stark warning directed at President Donald Trump and signalling that the conflict could continue without diplomatic resolution. The stance marks a clear hardening of Tehran’s position amid a widening regional crisis. In statements issued by senior Iranian...

Published: March 10, 2026The English Chronicle DeskThe English Chronicle Online A Rangers hero has spoken warmly about a memorable conversation with businessman Andrew Cavenagh, describing the club investor as an “imposing” figure whose words left a lasting impression during a relaxed meeting over a glass of wine. The former Rangers star recalled the encounter while discussing the growing ambitions surrounding the Glasgow club and the influence that major investors can...

Published: March 10, 2026The English Chronicle DeskThe English Chronicle Online A sudden surge in global oil prices following escalating military conflict involving the United States and Israel in Iran is beginning to reverberate across the world economy. The disruption of energy supplies from the Gulf region has triggered a sharp rise in oil and gas prices, unsettling financial markets and raising concerns about inflation, supply shortages, and economic slowdown in...

Published: 10 March 2026 The English Chronicle Desk The English Chronicle Online — Business News One of Scotland’s best‑known lighting retailers has collapsed into administration, forcing the closure of 11 stores and leaving 70 employees redundant. Pagazzi Lighting, headquartered in Thornliebank, Glasgow, has been a fixture of the high street for nearly 45 years, specialising in decorative lighting, mirrors, and home furnishings. But rising costs, declining footfall, and sustained poor...

Published: 10 March 2026 The English Chronicle Desk The English Chronicle Online — World News US President Donald Trump has issued his most severe warning yet to Iran, vowing that the country would be struck “TWENTY TIMES HARDER” if it attempts to block oil shipments through the Strait of Hormuz. The statement, delivered via social media late Monday, comes as global oil prices surge past $119 a barrel amid escalating...

Published: 10 March 2026 The English Chronicle Desk The English Chronicle Online — UK News The war in Iran has dominated headlines for nearly two weeks, but its ripple effects are now being felt in Britain in a way that is impossible to ignore: the cost of living crisis has once again been thrust centre stage. BBC political editor Chris Mason reports that while the Foreign Office is consumed with...