Economy
Germany’s leading economic institutes have revised down their growth projections for 2026 and 2027 while increasing their inflation forecasts, reflecting mounting economic pressures linked to rising energy costs. According to the updated outlook, economic growth in Europe’s largest economy......
Fuel prices in Morocco are set to rise again starting Tuesday at midnight, with diesel increasing by 1.70 dirhams per liter and gasoline by 1.57 dirhams per liter. This comes after previous hikes in mid-March and amid ongoing volatility in international energy markets. According to industry sources,......
TotalEnergies will keep fuel prices capped at its French stations until April 7, aiming to remain competitive amid rising global oil costs. The extension follows a previous cap set in mid-March and comes shortly after tensions in the Middle East pushed prices higher. Under the scheme, gasoline prices......
Tanger Med, Africa's largest container terminal, is preparing for a potential increase in ship calls as escalating tensions in the Middle East prompt major shipping companies to reroute vessels. Idriss Aarabi, the port’s director general, told Reuters that the port is taking steps to prevent......
Absenteeism among airport security personnel in the United States has declined significantly after workers received long-delayed pay, according to officials from the Transportation Security Administration (TSA). The improvement comes after weeks of disruption that affected airport operations across the......
Ireland is preparing to introduce a new type of personal savings and investment account starting in 2027, in a move aimed at encouraging households to make better use of their financial assets. The initiative, announced by Finance Minister Simon Harris, seeks to address the large volume of savings currently......
Financial markets are tightening rapidly as the ongoing conflict in Iran drives energy prices higher, giving central banks the option to delay immediate rate changes. In the United States, overall financial conditions have tightened sharply due to rising energy costs, higher borrowing and mortgage rates,......
Germany’s unemployment figures remained stable in March, reflecting a labor market that shows resilience despite ongoing economic challenges. Official data indicate that the number of unemployed people held steady at around 2.98 million, with the jobless rate unchanged at 6.3%. Although spring......
Inflation in France accelerated significantly in March, reaching 1.7% year-on-year, according to preliminary data released by the national statistics agency. The increase comes amid rising energy costs linked to the ongoing conflict in the Middle East. The surge in oil prices, with crude exceeding $100......
The war involving Iran has disrupted global energy markets, cutting about 8 million barrels of crude oil per day and a fifth of global liquefied natural gas supply. Far from the Strait of Hormuz, African energy producers are emerging as long-term beneficiaries of the shock. Major producers including......
Finance and energy ministers from the Group of Seven met virtually on Monday alongside central bank governors as Europe faced mounting economic pressure from the energy shock linked to the conflict involving Iran. New data showed German inflation rising to its highest level in over a year, underscoring......
European government bond markets are facing one of their most severe sell-offs in nearly a decade, driven by surging energy prices linked to the conflict involving Iran. Investors are increasingly pricing in higher interest rates, widening fiscal deficits, and renewed stagflation risks across the region. Yields......
Asian countries are confronting a worsening energy crisis as two simultaneous disruptions have removed roughly 30% of global liquefied natural gas supply from the market, according to the Australian Financial Review. The crisis began on March 2, when Iranian drone strikes hit the industrial cities of......
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