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China’s coal powered grid shields factories amid Asian energy shock

China’s manufacturing sector expanded in April despite a global energy crisis triggered by escalating geopolitical tensions and disruptions to maritime routes. Official data showed industrial activity continuing to grow, supported by a domestic energy system heavily reliant on coal, which has insulated factories from the sharp rise in......

Greece says it agreed with Qatar to deepen trade, energy and defence ties

Greece has announced an agreement with Qatar to strengthen cooperation in key strategic sectors, including trade, energy, and defence, further expanding bilateral relations established in 2024. The announcement followed a meeting in Athens between Greek Prime Minister Kyriakos Mitsotakis and Qatar’s Emir Sheikh Tamim bin Hamad Al Thani.......

Dubai luxury hotels shut down as Gulf tourism crisis deepens

The tourism and hospitality sectors across the Gulf are facing their most severe disruption since the COVID-19 pandemic as the conflict involving Iran continues to destabilize regional travel markets. Major hotels in Dubai have temporarily closed, airlines have reduced operations, and thousands of workers are confronting salary cuts and unpaid......

China pledges stronger energy security as Iran war hits economies

China’s Politburo has pledged to strengthen national energy security as the economic fallout from the war involving Iran spreads across global markets. The commitment comes as countries from the Gulf region to Europe face rising inflation, slowing growth, and severe disruptions in energy supply chains linked to the continued closure......

Taliban authorities say Afghans in Qatar can return with confidence

Taliban authorities in Afghanistan have stated that Afghan nationals currently stranded in Qatar can safely return home, seeking to reassure those who fled the country following the political upheaval of 2021. According to official statements, individuals who left Afghanistan out of fear of reprisals due to their past links with foreign forces,......

Iran war triggers supply chain fears beyond covid disruption

The war involving Iran is raising alarm across global supply chains, with companies warning that the disruption could exceed the impact of the COVID-19 crisis. A survey conducted by Allianz Trade across 6,000 firms in 13 countries shows that nearly two thirds expect further supply shocks driven by rising energy and raw material costs. Many......

European gas prices rise as Iran ceasefire deadline nears

European natural gas prices moved higher on Thursday as markets weighed uncertainty around ongoing diplomatic efforts between the United States and Iran, with a fragile ceasefire set to expire within days. The benchmark Dutch TTF contract climbed about 2 percent on April 16 to roughly 42.24 euros per megawatt hour, reflecting renewed concern......

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