Economy
Cambodia will eliminate import duties on passenger electric vehicles, reducing the rate from 35% to zero effective April 1. The government also removed duties on electric vehicle battery chargers, electric motors, lithium batteries and solar energy devices to help consumers cope with rising energy costs. The......
The war between the United States, Israel, and Iran, along with a de facto closure of the Strait of Hormuz, has upended global energy markets, and the ripple effects are now reshaping how consumers around the world buy cars. With Brent crude surpassing 116 dollars a barrel this week, drivers from Seoul......
Google, a subsidiary of Alphabet, unveiled TurboQuant on Tuesday, March 24, an algorithm that compresses key‑value cache memory in large language models by a factor of six—and within hours memory and storage stocks were tumbling worldwide. The announcement reignited fears that advances in AI......
South Korea is evaluating the possibility of expanding driving restrictions to the general public amid rising global oil prices, officials said on Monday. The measure would aim to manage energy demand as supply strains intensify due to the ongoing U.S.-Israeli conflict with Iran. Finance Minister Koo......
South African citrus producers have raised concerns over potential fuel shortages as the country prepares for its key export season starting in April. Industry representatives report isolated cases of diesel scarcity, which could disrupt harvesting and transportation operations. Although authorities......
The unexpected resignation of the chairman of HDFC Bank has drawn attention to internal tensions within one of India’s largest private lenders, raising concerns among investors and market observers. Atanu Chakraborty stepped down from his role citing differences related to “values and ethics,”......
The South African rand showed signs of strength in early trading, supported by a broad rise in global commodity prices as investors continue to monitor geopolitical tensions in the Middle East. The currency gained modestly against the U.S. dollar, reflecting renewed confidence linked to South Africa’s......
A Russian oil tanker under international sanctions is expected to arrive in Cuba, carrying a significant shipment of crude oil as the island faces a deepening energy crisis. The vessel is reportedly transporting hundreds of thousands of barrels and is heading toward a major Cuban port. Cuba, home to......
Rabat has secured the 29th position out of 80 cities in the latest Global Emerging Cities Attractiveness Index. The ranking evaluates urban performance using sixteen quantitative indicators across economy, environment, social integration, and infrastructure. With a score of 6.20 points, Morocco’s......
Several Indian banks have asked the Reserve Bank of India (RBI) for a three-month period to comply with newly imposed foreign exchange position limits, according to sources familiar with the matter. Banks warn that immediate enforcement could lead to disorderly position unwinding and potential financial......
The Indian government announced on Sunday a relaxation of petroleum safety and licensing regulations to accelerate the distribution of kerosene to households, responding to global energy supply disruptions caused by the ongoing conflict involving Iran. According to the Ministry of Petroleum and Natural......
Monte dei Paschi di Siena (MPS), one of Italy’s oldest financial institutions, has announced plans to propose a change in its leadership as part of efforts to improve internal coordination and governance. The decision comes ahead of a key shareholders’ meeting scheduled for mid-April, where......
Morocco continues to maintain its position in the European apparel market despite a challenging economic environment. Faced with slowing consumer demand and intensifying competition from Asian producers, the country’s textile sector has demonstrated resilience while undergoing structural changes. Moroccan......
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