Keywords: Crisis
Rising oil prices linked to tensions in the Strait of Hormuz are driving a sharp divide among leading economic forecasters over the outlook for global inflation. With crude holding above 100 dollars per barrel, Oxford Economics and Royal Bank of Canada present contrasting scenarios, underscoring uncertainty......
The global aviation sector is confronting sustained disruption as jet fuel prices surge and supply tightens, with Corneel Koster warning that elevated fuel costs are likely to persist. The crisis follows the closure of the Strait of Hormuz, which has cut off roughly one fifth of global oil flows. Six......
The former chairman of China Evergrande Group, Hui Ka Yan, has admitted guilt in a major fraud case, marking a dramatic fall from one of the most powerful figures in China’s property sector to a central figure in its largest corporate collapse. Once celebrated as the founder of a real estate empire......
Three years into the devastating conflict in Sudan, the humanitarian situation continues to deteriorate at an alarming pace. According to recent estimates by the United Nations Development Programme (UNDP), nearly seven out of ten Sudanese citizens are now living in poverty—almost double the pre-war......
Claudio Descalzi, CEO of Italian energy giant Eni, called on the European Union Sunday to reconsider its plan to phase out Russian gas imports starting in early 2027. He warned the bloc lacks clear alternatives to replace the supplies it plans to cut. Speaking at a League party event, Descalzi questioned......
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......
Political tensions in Poland have intensified as Prime Minister Donald Tusk sharply criticized his political rivals, accusing them of aligning with interests linked to Vladimir Putin. Speaking at a major political gathering, Tusk alleged that members of the opposition, including allies of President......
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......
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