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UAE weighs freezing billions in Iranian assets amid escalating tensions

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GRSE, Cochin Shipyard & Mazagon Dock shares rally up to 18% in two days. Here’s what’s triggering the surge

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GRSE, Cochin Shipyard & Mazagon Dock shares rally up to 18% in two days. Here’s what’s triggering the surge
Shares of defence shipbuilding companies have rallied sharply even as the broader market has come under significant selling pressure since the Middle East conflict involving the US, Israel and Iran first broke out.

To put things in perspective, Cochin Shipyard shares have climbed nearly 9% over the past two sessions, while Mazagon Dock Shipbuilders has surged about 18% during the same period. Garden Reach Shipbuilders & Engineers, meanwhile, has gained around 5% in today’s trade.

The rally follows reports that a US submarine fired a torpedo that sank an Iranian warship off the south coast of Sri Lanka. Reports indicated that 87 sailors were killed and 32 others were rescued, while the remaining crew members are still missing. Iran’s Foreign Minister Abbas Araghchi said there were 130 sailors on board the vessel.

The development is significant as such an attack by the US has not taken place in more than 80 years, according to multiple media reports. In recent times, warfare has largely shifted toward aerial capabilities such as drones and missiles. While naval attacks are not entirely unexpected, such an incident is considered unconventional in the current context.

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Naval combat incidents, such as the sinking of a warship, often prompt countries in the region to strengthen their maritime defence capabilities. Governments typically accelerate spending on assets such as warships, submarines, surveillance vessels and unmanned naval systems, which in turn improves the order outlook for defence shipbuilders.


IIndia closely monitors developments in the Indian Ocean region, and any conflict near Sri Lanka underscores the strategic importance of key sea lanes. Such developments could prompt the government to accelerate naval fleet expansion and modernisation, benefiting domestic shipyards involved in building naval platforms.India has also been increasingly focused on the indigenisation of defence platforms, including naval vessels. As a result, any push to strengthen maritime capabilities is likely to translate into higher domestic orders for Indian shipyards rather than reliance on imports.
Ever since the war broke out, benchmark index Nifty has shed 2.50% while the 30-share Sensex has declined 2%.Also read: Reliance Industries shares rise over 2% after US allows Indian refiners to buy Russian crude under a 30-day waiver

Indian stock markets declined on Friday, with the Sensex falling around 500 points and the Nifty 50 hovering near the 24,600-mark in the morning. Escalating war between Iran and the US-Israel was among the key factors behind the market drop. The war entered its 7th day and continued to worsen, with the leaders of the countries threatening more escalations ahead. US Defence Secretary Pete Hegseth has said that the conflict has “only just begun”. US President Donald Trump said yesterday that he has “no time limits” on how long the war can go on.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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US-Israeli ‘Operation Roaring Lion’ Enters Day Eight as Trump Demands Iran’s Unconditional Surrender

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US President Donald Trump unveils the names of the Kennedy Center honorees -- Sylvester Stallone, Michael Crawford, Gloria Gaynor, George Strait and rock band KISS

The Middle East has entered its most perilous week in modern history as the joint US-Israeli military campaign against Iran, codenamed “Operation Roaring Lion” by Jerusalem and “Operation Epic Fury” by Washington, entered its eighth day on Saturday, March 7, 2026. With the death of Supreme Leader Ali Khamenei confirmed and the Strait of Hormuz effectively closed, President Donald Trump has escalated his rhetoric, demanding the “unconditional surrender” of the Iranian regime.

US President Donald Trump unveils the names of the Kennedy Center honorees -- Sylvester Stallone, Michael Crawford, Gloria Gaynor, George Strait and rock band KISS
US President Donald Trump
AFP

The conflict, which began with a massive coordinated strike on February 28, has fundamentally reshaped the geopolitical landscape of West Asia in just one week. What started as a campaign to dismantle Iran’s nuclear and ballistic missile infrastructure has evolved into a full-scale regional war involving multiple nations and threatening the stability of the global economy.

1. The State of the Conflict: March 7, 2026

As of Saturday morning, the Israel Defense Forces (IDF) and US Central Command (CENTCOM) reported that the first phase of the war—establishing air superiority—is largely complete.

  • Air Dominance: Israeli Chief of Staff Lieutenant General Eyal Zamir announced that over 300 ballistic missile launchers have been rendered inoperable.
  • Casualty Reports: While verified data is difficult to obtain due to internet blackouts in Iran, the Iranian Red Crescent estimates the death toll has exceeded 1,300, while some human rights groups fear the number is closer to 3,000.
  • Regional Spread: Iran’s retaliatory strikes have not been limited to Israel. In a desperate bid to pressure the US, Tehran has launched hundreds of drones and missiles at Gulf states, including the UAE, Kuwait, and Bahrain, targeting US military assets and civilian infrastructure.

2. Trump’s “Unconditional Surrender” Mandate

In a series of late-night statements from the White House, President Trump rejected calls for a ceasefire, stating that the US will not stop until a new, “non-nuclear” leadership is established in Tehran. “We are not looking for a deal that lasts ten years; we are looking for a total transformation,” Trump said. He further complicated the diplomatic path by rejecting the potential candidacy of Mojtaba Khamenei (the late Supreme Leader’s son) for any interim role, calling him “unacceptable.”

3. The “Second Iran War” and the Gulf Crisis

The conflict has been dubbed the “Second Iran War” by international observers, following a shorter 12-day skirmish in June 2025. However, the current escalation is far more severe.

  • Strait of Hormuz: The IRGC has officially declared the Strait closed. While the US Navy has reportedly destroyed 17 Iranian warships to keep the lanes open, insurance rates for tankers have skyrocketed, causing Brent crude to surge past $88 per barrel.
  • The “Strategic Patience” Ends: Analysts note that Iran has abandoned its decade-long doctrine of “strategic patience.” By striking at Arab neighbors like Azerbaijan and the UAE, Tehran is attempting to break the US-aligned coalition by force.

4. Impact on Israel and Lebanon

While Israel’s “Arrow” and “David’s Sling” defense systems have intercepted the vast majority of incoming fire, the psychological toll is mounting.

  • Domestic Impact: At least 12 Israeli civilians have been killed by debris or direct hits in densely populated areas like Ramat Gan and Beit Shemesh.
  • The Northern Front: Hezbollah has launched over 115 waves of attacks from Southern Lebanon, triggering a massive Israeli counter-offensive that has displaced over 300,000 Lebanese civilians. The Lebanese government has reportedly attempted to ban Hezbollah’s military activities to avoid total national destruction, though the group remains defiant.

5. Humanitarian and Global Concerns

The United Nations has condemned the “unprovoked” nature of the initial strikes, with experts warning of a “profound human tragedy.”

  • Internal Iran: Massive protests, which began in late 2025 due to a failing economy, have turned into chaotic jailbreaks and localized rebellions, particularly in Kurdish regions.
  • The Oil Factor: With QatarEnergy halting LNG production and Saudi Aramco reporting fires at the Ras Tanura facility, the world is bracing for a global energy shock that could dwarf the crises of the 1970s.
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Chomps adds chicken sticks

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Chomps adds chicken sticks

The new snacks are available in three flavors.

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Germany stocks lower at close of trade; DAX down 1.13%

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Germany stocks lower at close of trade; DAX down 1.13%

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US economy unexpectedly loses jobs in February; unemployment rate rises to 4.4%

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US economy unexpectedly loses jobs in February; unemployment rate rises to 4.4%


US economy unexpectedly loses jobs in February; unemployment rate rises to 4.4%

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Closed-End Funds: My Top 10 Holdings February 2026

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Closed-End Funds: My Top 10 Holdings February 2026

This article was written by

Nick Ackerman is a former financial advisor using his experience to provide coverage on closed-end funds and exchange-traded funds. Nick has previously held Series 7 and Series 66 licenses and has been investing personally for over 14 years.He contributes to the investing group CEF/ETF Income Laboratory along with leader Stanford Chemist, and Juan de la Hoz and Dividend Seeker. They help members benefit from income and arbitrage strategies in CEFs and ETFs by providing expert-level research. The service includes: managed portfolios targeting safe 8%+ yields, actionable income and arbitrage recommendations, in-depth analysis of CEFs and ETFs, and a friendly community of over a thousand members looking for the best income ideas. These are geared towards both active and passive investors. The vast majority of their holdings are also monthly-payers, which is great for faster compounding as well as smoothing income streams. Learn More.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of TYG, HTD, BME, BDJ, DPG, UTF, ETV, CII, GDV, EVT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Nature’s Path undergoes brand refresh

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Nature’s Path undergoes brand refresh

Initiative makes products easier to spot at retailers, the company says.

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Affordable homes could be developed on County Hall site

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Affordable homes could be developed on County Hall site

Future of Matford offices site at County Hall in Exeter has sparked debate

Devon County Council's County Hall

The Matford offices site is at Devon’s County Hall (Image: Local Democracy Reporting Service)

The future of a controversial site on a Devon council’s land could take a significant step forward with the potential for affordable housing to be located there.

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The Matford offices site at County Hall, on Exeter’s Topsham Road, has previously been declared as surplus land, but residents have been opposed to its potential development for housing.

But now the site will be discussed at Devon County Council’s cabinet meeting next week, which will be asked to agree a recommendation to “consider the opportunity for the provision of affordable homes, care leaver housing and key worker housing”.

There had also been fears about the removal of well-established trees, and concerns that the sale of the site would mean existing walking routes through it would be shut off.

But the cabinet paper appears to put those fears at rest, stating that there would be no significant tree removal and that any land disposal would “allow for the retention of routes frequently used by walkers and dog walkers”.

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The council’s land and property committee agreed in January this year that the land was surplus to requirements, but at that meeting, officers were asked to look at the potential for any development to bolster some of the council’s strategic objectives.

As such, the cabinet will decide whether to “prioritise an innovative approach for the site development that contributes to the council’s strategic plan ambitions and considers the opportunity for the provision of affordable homes, care leaver housing and key worker housing”.

Officers had previously stated that targeting the development for such uses could be tricky, but that requiring a certain proportion to be affordable was more realistic.

Although the land is owned by Devon County Council, any potential developer would need to submit their plans to Exeter City Council, which is the planning authority for the city.

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Furthermore, the matter is also coming back to cabinet because officers had stated that the parcel of land represented less than 5 per cent of the existing public open space on the County Hall site, but it actually equates to a larger 7.4 per cent, which, the cabinet report states “requires correction”.

A total of 10 complaints were made after the decision by the land and property committee in January, but the decision to discuss the site further at cabinet had been made before those queries were lodged.

The cabinet will discuss the future of the site on Wednesday (11 March).

To find all the planning applications, traffic diversions, road layout changes, alcohol licence applications and more in your community, visit the Public Notices Portal.

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How Wearables and AI Are Rewriting Practice

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How Wearables and AI Are Rewriting Practice

Training used to be built on two tools: time and effort. In 2026, there is a third tool that quietly changes everything: data.

Athletes still need grit, but now they also get feedback that used to be invisible: how hard a session really was, whether recovery is trending up or down, and where technique breaks under fatigue.

This does not mean everyone needs a lab. It means training is becoming more personalized. A smart plan can adjust on a Tuesday instead of waiting for an injury on Saturday. For everyday athletes, it also makes practice feel less like guessing and more like learning.

Wearables became the new “coach’s notebook”

Heart rate, pace, sleep, and workload estimates are now easy to track. The main benefit is not bragging rights; it is pattern recognition. When stress is high, sleep dips, and training quality drops, the data often shows it before motivation does. That helps people choose smarter intensity and stay consistent.

Video analysis is no longer only for pros

Phones and AI-assisted tools can break movement into details: foot strike, posture, release angle, and timing. In technical sports, this can save months of repeating the same mistake. For team sports, it supports skill sessions too, but the biggest transformation is in solo technique-heavy disciplines.

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Recovery tech finally matters, because schedules got tougher

Compression tools, guided mobility, and simple recovery prompts inside apps are popular because they fit modern life. When days are packed, the best recovery is the one that can be done in ten minutes without special planning. In 2026, training is less about “more” and more about “better timed.”

What changes in the training plan itself

Micro-sessions replace long, perfect workouts

Short workouts stacked across the week often beat one big session that keeps getting delayed. Tech supports this with reminders, templates, and quick tracking.

Remote coaching feels normal now

Coaches can review clips, send adjustments, and update plans without needing in-person sessions every time. That makes quality guidance more accessible, especially for people balancing work, family, and study.

Performance data becomes fan data

The same signals athletes track also move odds

When training becomes measurable, performance narratives become sharper. Fans talk about fatigue, recovery, travel, and form with more confidence, and markets react faster to those signals.

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Many people follow schedules and lines on a betting site because it places pre-game markets and live movement in one place, making it easier to connect performance clues to game context. The fun part is the logic: workload and recovery can hint at late-game stamina, while technique patterns can hint at consistency under pressure. In cricket, fielding sharpness and bowling pace changes are often discussed by viewers, and those observations can shape expectations for key phases. This makes betting feel less like guessing and more like reading the same evidence everyone is watching.

Mobile access keeps the “data habit” portable

Training tech is mobile first, so fans expect sports tools to match that reality. People switch between highlights, stats, and live moments quickly, often on a limited time.

A setup option like melbet apk download fits the same rhythm: short check-ins, clear navigation, and quick access when a match flips direction. A clean routine is to decide in advance what matters:one or two markets, one or two moments to check live movement, and then full attention back to the sport. That mirrors modern training philosophy too, because focus beats endless tinkering. The result is a smoother experience that feels organized rather than frantic.

The human part still decides the outcome

Tech does not replace discipline; it supports it. A wearable can suggest rest, but only the athlete can choose it. An AI clip can show a flaw, but repetition still fixes it. In 2026, the winners are often the people who use data as guidance, not as noise.

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Drilling Tools spring 2026 slides: international push, M&A drive growth

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Drilling Tools spring 2026 slides: international push, M&A drive growth


Drilling Tools spring 2026 slides: international push, M&A drive growth

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