Economy
The crisis in the Strait of Hormuz has accelerated a global shift away from fossil fuels, driving a sharp increase in China’s clean energy exports as countries seek alternatives to disrupted oil and gas supplies. Since Iran effectively blocked the strategic maritime route on February 28 following......
Global commodity markets reacted sharply after the United States announced a blockade targeting Iranian ports, triggering a surge in oil prices and a decline in gold. Crude oil benchmarks rose significantly, with prices climbing above the symbolic $100-per-barrel threshold. The increase reflects growing......
U.S. President Donald Trump has warned that China could face heavy trade penalties if it provides military assistance to Iran amid the ongoing regional conflict. Speaking in a televised interview, Trump stated that Washington could impose tariffs of up to 50% on Chinese goods if Beijing were found to......
Lebanese Finance Minister Yassine Jaber has travelled to Washington to take part in the annual spring meetings of the International Monetary Fund (IMF) and the World Bank (WB), which will be held from April 13 to 18. He is leading a Lebanese delegation that also includes the Minister of Economy Amer......
Global finance leaders are preparing to meet in Washington this week as the ongoing conflict in the Middle East continues to cast uncertainty over the global economy, adding pressure to already fragile recovery prospects. The International Monetary Fund and the World Bank are expected to revise downward......
A growing number of people in France believe that reducing the country’s public debt could come at the cost of pension benefits, according to recent survey findings that highlight shifting public attitudes toward economic reform. The study suggests that roughly half of respondents think it will......
South Korea is nearing an agreement to secure crude oil supplies from Kazakhstan, as part of its strategy to diversify energy sources amid ongoing instability in the Middle East. According to the country’s industry minister, negotiations have made significant progress, with details regarding volumes......
India has increased export duties on diesel and aviation turbine fuel as part of a revised taxation measure affecting its energy sector, according to an official government notification. The adjustment raises the windfall tax on diesel exports from 21.5 rupees per litre to 55.5 rupees per litre. Export......
Irish police have intervened to dismantle a blockade at the country’s only oil refinery, as protests over rising fuel prices intensified and began to disrupt national supply chains. Demonstrators, angered by a sharp increase in diesel costs in recent weeks, used tractors and heavy vehicles to......
Thailand will increase financial support for low-income and vulnerable citizens starting Monday, as the government seeks to cushion the impact of rising economic pressures linked to the ongoing conflict in the Middle East. The finance ministry announced that more than 13 million people enrolled in the......
Domestic equity markets posted strong gains this week, rising nearly 6% and breaking a six-week losing streak, as easing geopolitical tensions between the United States and Iran boosted investor confidence and reduced global volatility. The BSE Sensex closed Friday 1.2% higher, gaining 919 points to......
Rising fuel prices across the United States are forcing drivers in major cities such as Boston, Houston, and Denver to change their daily habits, as the ongoing conflict involving Iran continues to disrupt global energy markets. Motorists report cutting back on long-distance travel, adjusting commuting......
The government of the Indian state of Telangana has submitted a major proposal to the central government for the expansion of the Hyderabad Metro Rail, aiming to significantly extend urban rail connectivity in the capital city Hyderabad. The proposed Phase 2 project covers an estimated 162 kilometres......
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