Keywords: Imports
A court in India has extended the detention of a senior aviation regulator and an executive from Reliance Industries until May 6, as part of an ongoing corruption investigation linked to alleged bribery in drone import approvals. The case involves allegations that a deputy director general of the Directorate......
Crude imports across Asia are declining as the closure of the Strait of Hormuz approaches its eighth week, exposing the limits of alternative supply routes. Major importers including China, India, South Korea and Japan are struggling to replace Middle Eastern crude that previously moved through the corridor,......
Italy should reconsider its long-standing opposition to nuclear energy in order to strengthen its energy security and improve economic stability, according to the head of the International Energy Agency (IEA). Italy currently has no active nuclear power plants and depends heavily on energy imports,......
A fire at a major Australian refinery has intensified fuel supply pressures across Asia, as regional markets already strain under disruptions linked to the Middle East conflict. At the same time, Japanese refiners are resorting to complex offshore oil transfers to secure crude supplies while avoiding......
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 announced an extension of duty-free imports of yellow peas until March 31, 2027, as part of its ongoing efforts to ensure stable food supply and manage domestic prices. The decision was confirmed by the country’s commerce ministry, which stated that all existing import conditions would......
Thailand announced Saturday it has reached an agreement with Iran allowing Thai oil tankers to transit safely through the Strait of Hormuz, a rare diplomatic breakthrough as the strategic waterway remains virtually closed to commercial shipping amid the ongoing war between the United States, Israel and......
China's once-robust appetite for imported wine has collapsed, and a Communist Party directive banning alcohol at government and official functions has deepened the damage, leaving producers from France to Australia managing unsold inventory and sharply declining demand. In May 2025, Beijing renewed......
Escalating conflict in the Middle East could reduce economic output across Asia Pacific by up to 3 percent in a prolonged war scenario, according to a new assessment by Moody’s Analytics. The report projects regional growth slowing to 4 percent in 2026 from 4.3 percent in 2025, with further moderation......
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