Geopolitics
Middle East War Triggers Higher Prices in China
The New York Times – World · US
Three and a half years of deflationary pressure on Chinese factories reversed course last month as higher energy prices cycled into the economy.
Current Affairs
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Domain: Economics: Understanding Economic Systems
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Current affairs articles
Geopolitics
Soaring Fuel Prices Squeeze China’s Frugal Truckers
The New York Times – World · US
Many long-haul truckers in China have a tight budget and live frugally on the road, sleeping and cooking in their vehicles. Now, the pain at the pump is forcin…
Geopolitics
Relief in financial markets after Iran ceasefire – but it is far from absolute | Richard Partington
The Guardian – World · Europe
Situation still volatile as Tehran and Washington issue conflicting messages about opening of Hormuz channelA plunge in the oil price, stock market rally and r…
Geopolitics
As France pulls gold from the US, how can China develop into the next global gold hub?
South China Morning Post – World · China
As the French central bank repatriates gold reserves from the United States, analysts say China should seize this “strategic window” to develop itself into the…
Geopolitics
Gas Prices Won’t Quickly Return to Prewar Levels, Even if the Strait of Hormuz Reopens
The New York Times – World · US
Some wells can be turned on in days or weeks, but bringing the Gulf’s energy system back to something akin to normal will take months.
Geopolitics
Philippine lawmakers’ call for oil deals with China prompts warnings of ‘a trap’
South China Morning Post – World · China
Philippine lawmakers have voiced hope that joint oil and gas exploration deals with China could proceed amid the global energy crunch, despite a former Supreme…
Geopolitics
Indian migrant workers hit by cooking gas shortages are leaving cities
BBC News – World · Europe
Migrant workers say they are struggling to access cooking gas cylinders as the Iran war squeezes supplies.
Geopolitics
‘Definitely a Sham’: As Tariffs Climb, Trade Fraud and Accounting Tricks Proliferate
The New York Times – World · US
U.S. imports from China have shrunk drastically. But billions of dollars of the change appear to be the result of accounting gimmicks and outright fraud.
Geopolitics
Resident doctors’ strike has torpedoed pay rises and training posts, says Wes Streeting
The Guardian – World · Europe
Exclusive: Health secretary says industrial action in England also threatens to derail NHS progress on waiting timesWes Streeting has accused resident doctors …
Startups
Amazon looks to expand its q-commerce service to 10-15 cities
Your Story · India
For years, Amazon Fresh occupied that middle layer, offering same-day or next-day grocery deliveries while encouraging larger baskets to offset logistics costs…
Geopolitics
Oil smugglers, hoarders in Thailand worsen supply crisis as Anutin warns of tough times
South China Morning Post – World · China
From sea transfers by smugglers and hoarding to stockpiling underground, profiteering from the oil crunch in Thailand has exacerbated a supply crisis that Prim…
Geopolitics
Govt mulls building LPG reserves as Nayara refinery shutdown threatens supply
Times of India – World · India
India is exploring the creation of LPG reserves to safeguard against potential supply disruptions, especially with Nayara Energy's refinery shutdown impacting …
Geopolitics
Small UK firms’ energy bills set to more than double due to Iran war
The Guardian – World · Europe
Companies using heating oil have already begun rationing their fuel use, says Federation of Small BusinessesMiddle East crisis – live updatesThousands of indep…
Geopolitics
India seeks 2.5 mn metric tons of urea amid Middle East supply amid Hormuz supply hit
Times of India – World · India
India is boosting urea imports by 2.5 million tonnes to ensure domestic availability amidst global supply chain disruptions linked to Middle East tensions. Sta…
Geopolitics
Sourcing LPG cylinders to become easier for students, migrant workers, daily wage earners
Times of India – World · India
Accessing cooking fuel just got simpler for migrant workers, students, and daily wage earners. The government now allows 5-kg Free Trade LPG cylinders to be so…
Geopolitics
China’s electric truck revolution: powerful painkiller for the Iran war?
South China Morning Post – World · China
For marketing manager Wang Yuan, who sells electric heavy-duty cargo trucks in the rugged landscapes of Xinjiang in western China, business is riding a new and…
Geopolitics
Surging oil prices push Hong Kong’s laundry sector to freeze hiring, halt orders
South China Morning Post – World · China
Surging oil prices are driving up costs for Hong Kong’s laundry sector, with the tripling of fuel prices forcing some operators to turn down new orders and fre…
Geopolitics
AirAsia X hikes ticket prices by 40%, cut capacity by 10% as Iran war hits fuel costs
South China Morning Post – World · China
Southeast Asia’s largest low-cost carrier AirAsia X said on Monday it was raising ticket prices by as much as 40 per cent and cutting routes to cushion the imp…
Geopolitics
Vietnam’s gig workers slammed by rising fuel costs amid fallout of Iran war
Al Jazeera – News · Middle East
Diesel prices have more than doubled in the Southeast Asian nation amid Iran's blockade of the Strait of Hormuz.
Geopolitics
OPEC+ agrees to hike oil output, warns of slow recovery after attacks
Al Jazeera – News · Middle East
The rise is largely symbolic as some key members are unable to raise production amid the US-Israel war on Iran.
Geopolitics
Afghanistan wants US$10 billion in trade deals with Central Asia
South China Morning Post – World · China
Afghanistan aims to increase trade with Central Asian countries to US$10 billion within the next three or four years, Foreign Minister Amir Khan Muttaqi said o…
Geopolitics
China’s luxury spending seen boosting global sales in 2026 despite headwinds
South China Morning Post – World · China
Luxury is back. Following a relatively stagnant 2025, the industry is forecast to accelerate in 2026, with China’s long-awaited recovery emerging as a pivotal …
Geopolitics
Australia receives fuel export guarantees from Singapore, Japan
South China Morning Post – World · China
Australia’s government has received guarantees from major fuel exporting nations in Asia that supplies will proceed as normal despite the disruptions caused by…
Geopolitics
“We blame Trump”: Drivers line up for free gas as prices surge in the US
Al Jazeera – News · Middle East
Drivers lined up for free gas in Chicago as fuel prices surge, driven by the US-Israeli war on Iran.
Geopolitics
Iran war driving up funeral costs in the UK
The Guardian – World · Europe
Average traditional funeral now costs £4,623, up 1.3% since January, says report from Pure CremationThe war in Iran is pushing up the cost of living in the UK …
Geopolitics
In a first, OMCs to pay refiners discounted rates to offset rising crude costs
Times of India – World · India
- TOI Business Desk provides global business news, tracking industries, markets, and economic trends. - Focuses on in-depth analysis, exclusive reports, and …
Tech & Startups
With One Million Displaced, Lebanon Turns to Digital Wallets for Aid
Wired · Global
Amid mass displacement and collapsing trust in institutions, digital wallets are becoming critical conduits for aid, connecting diaspora donors directly with c…
Geopolitics
FPIs withdraw Rs 23,801 cr in a week, March sees record Rs 1.17 lakh cr exit
Times of India – World · India
Foreign investors have significantly pulled out of Indian stocks, with March seeing record outflows of Rs 1,17,775 crore. Escalating West Asian conflict, soari…
Geopolitics
Hong Kong economy showed resilience in first quarter of 2026, Paul Chan says
South China Morning Post – World · China
Hong Kong’s economy showed resilience in the first quarter of 2026 amid a more volatile stock market, even though the conflict in the Middle East continued to …
Geopolitics
Asian countries assure Australia ‘normal supply’ of fuel will continue as Albanese focuses on averting shortages
The Guardian – World · Europe
Federal government chases supply guarantees from countries including Singapore, South Korea, Malaysia and Japan amid Iran warGet our breaking news email, free …
Geopolitics
Hormuz supply crunch: Rising energy prices impact roads, airlines and restaurants
Times of India – World · India
Global energy prices are soaring due to the Middle East conflict and Strait of Hormuz issues. This is significantly impacting India's economy. Road constructio…
Geopolitics
Tank full, wallet empty? Hong Kong’s petrol prices worst hit amid Iran war
Times of India – World · India
Global energy prices are soaring due to Middle East conflict, with Hong Kong experiencing the world's highest petrol costs. Despite this, authorities assure s…
Geopolitics
Thailand’s US$7 billion fishing industry sinks as Iran war hits fuel costs
South China Morning Post – World · China
A dawn gloom hangs over the pier in Bangsaray, eastern Thailand, as buyers arrive to wait for the first fishing boats to return. But like everyone else relying…
Geopolitics
How will Pakistan deal with the fallout from Iran war?
Al Jazeera – News · Middle East
War in the Middle East is worsening economic crisis in Pakistan.
Geopolitics
German, EU finance ministers call for energy windfall tax
Deutsche Welle (DW) – World · Europe
The war in Iran has sent oil and gas prices soaring, boosting profits for energy companies, but burdening consumers. The EU is looking for a way to respond.
Geopolitics
Australians told to continue Easter travel plans despite fuel shortages
BBC News – World · Europe
Hundreds of petrol stations across Australia have run out of fuel as the Iran war disrupts global oil shipments and pushes up prices.
Geopolitics
Senegal bans ministers from foreign travel as oil price rise bites
BBC News – World · Europe
The fuel cost is nearly double what the government budgeted for putting pressure on stretched finances.
Geopolitics
EU finance ministers urge tax on energy firms’ profits amid Iran war
South China Morning Post – World · China
Five European Union finance ministers are calling for a tax on windfall profits of energy companies in reaction to rising fuel prices due to the Iran war, acco…
Geopolitics
India news: LPG tanker headed for Mumbai crosses Strait of Hormuz
Deutsche Welle (DW) – World · Europe
Green Sanvi becomes the seventh India-bound LPG vessel through the strait amid Iran war disruptions, as New Delhi scrambles to secure fuel supplies. DW has the…
Geopolitics
Petrol shock, free rides & more: How is Pakistan dealing with Hormuz energy crisis
Times of India – World · India
Pakistan grapples with soaring fuel prices, prompting free public transport in Islamabad and Punjab for 30 days. Despite a revised petrol price, public anger …
Startups
Para-athlete Komal Tyagi sprinting ahead; The economics of domestic labour
Your Story · India
By 2024, Komal was close to walking away from the sport entirely. The training centre provided a ground, a coach, and accommodation, but there was an additiona…
General
Surcharges hit consumers in economic fallout from war with Iran
NBC News – World · US
With gas and oil prices at their highest levels since the war with Iran began, the ripple effect of the war’s impact on the U.S. economy is widening. NBC News’…
Geopolitics
In the Philippines, Rising Fuel Prices Force Travelers to Stay Home During Holy Week
The New York Times – World · US
Surging gasoline prices in the Philippines have forced some people to cancel or scale back the Visita Iglesia, a Holy Week tradition in which Catholics travel …
Geopolitics
7th India-flagged LPG tanker crosses Hormuz, 17 in queue
Times of India – World · India
In a significant maritime achievement, an Indian LPG tanker has successfully maneuvered through the strategic Strait of Hormuz, flanked by six compatriots that…
Geopolitics
US unemployment rate drops despite economic uncertainty and Iran war
Al Jazeera – News · Middle East
White House says March jobs report 'blew out expectations' with gains made in the healthcare and construction sectors.
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