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Current Affairs

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Domain: Economics: Understanding Economic Systems ×

Current affairs articles

Geopolitics

UK is most vulnerable European country to jet fuel shortages, Ryanair boss says

The Guardian – World · Europe

Michael O’Leary says UK’s reliance on Kuwait for jet fuel supply amid Iran war exposes it to possible shortagesThe UK is the most vulnerable country in Europe …

Geopolitics

Qiushi reaffirms China’s trade-rebalance push, calls old export-led growth ‘unsustainable’

South China Morning Post – World · China

China’s top Communist Party journal has reaffirmed the country’s push to rebalance trade, saying a worsening global environment marked by rising protectionism …

Geopolitics

Hong Kong investment chief joins global board in first for Chinese sovereign funds

South China Morning Post – World · China

The head of Hong Kong’s government investment agency has been appointed as a director of a global organisation that brings together leading firms and investors…

Geopolitics

Russia imposing ban on all gasoline exports due to Iran war

Al Jazeera – News · Middle East

Russia imposing ban on all gasoline exports due to Iran war

Geopolitics

Iran war economic shocks will last 'months', says Australia's PM

BBC News – World · Europe

Anthony Albanese used a rare TV address to tell Australians that the "months ahead may not be easy" amid the global effects of the war.

Geopolitics

Top Chinese developers’ losses mount as debt overhaul props up operations

South China Morning Post – World · China

Major Chinese property developers reported operating losses in 2025 as a recovery in the world’s second-largest economy remained elusive after five years of de…

Geopolitics

Mainland China, Hong Kong premium office supply to peak as demand lags, Cushman says

South China Morning Post – World · China

Prime office supply in mainland Chinese cities and Hong Kong is estimated to peak this year, while demand remains hampered by an economic slowdown and global u…

Geopolitics

Hong Kong retail sales jump nearly 12% in first 2 months of year

South China Morning Post – World · China

Hong Kong’s retail sales jumped by nearly 12 per cent in the first two months of 2026 against a year ago, with authorities pointing to growth in the local econ…

Geopolitics

UK food inflation ‘could hit 9% this year’ as Iran war drives up energy prices

The Guardian – World · Europe

Food and Drink Federation almost triples forecast, even allowing for possibility of strait of Hormuz reopening soonBusiness live – latest updatesFood inflation…

Geopolitics

Oil price falls and markets rally after Trump says Iran war over in ‘two to three weeks’

The Guardian – World · Europe

US president’s claim that conflict is nearing end prompts 15% drop in Brent crude and stock market climb in AsiaBusiness live – latest updatesOil prices tumble…

Geopolitics

Australia’s Albanese says war's economic shock will be felt for months; urges using public transport

The Hindu – World · India

Australia, which imports about 90% ‌of its fuel, has seen petrol prices surge and experienced localised shortages as a result of the U.S.-Israeli war on Iran ‌…

Geopolitics

Japan begins tax increases to bankroll record US$8 billion military build-up

South China Morning Post – World · China

Japan on Wednesday raised tobacco and corporate taxes to finance a boost in defence spending, with income tax hike set to follow in 2027 as the government proj…

Geopolitics

How Israel dodged Hormuz energy crisis while others reel from the blow

South China Morning Post – World · China

Iran’s chokehold on the Strait of Hormuz has thrown the global economic system into turmoil, yet Israel, which launched attacks on Tehran alongside the United …

Geopolitics

South Korean restaurants struggle to survive as global oil prices eat into profits

South China Morning Post – World · China

Kim Bong-hwan, who runs a barbecue restaurant in Myeong-dong in central Seoul, is feeling the brunt of rising costs, with wholesale beef prices climbing from a…

Geopolitics

India News: Jet fuel prices reach record high amid Iran war

Deutsche Welle (DW) – World · Europe

The Indian government has stepped in to limit the impact of record-high jet fuel prices on airlines and air fares. Commercial LPG cylinders have also gotten mo…

Geopolitics

Germany news: New rules to tamp down gasoline price hikes

Deutsche Welle (DW) – World · Europe

German gas stations will now only be able to raise pump prices once a day as costs spiral for motorists. Meanwhile, an umbrella group for German cities says sk…

Geopolitics

Chancellor meets UK supermarket bosses to discuss cost of living

The Guardian – World · Europe

Rachel Reeves will address concerns about price rises and shortages with retailers as energy costs surgeThe bosses of the UK’s biggest supermarkets are to meet…

Geopolitics

Empty petrol stations and volatile prices: Australia’s fuel crisis in charts

The Guardian – World · Europe

Track the latest data on fuel prices, outages and oil tanker deliveriesFollow our Australia news live blog for latest updatesGet our breaking news email, free …

Geopolitics

Petrol and diesel prices fall across Australia as Labor’s fuel excise cut takes effect

The Guardian – World · Europe

Adelaide has the biggest price decline, with unleaded down 24.9 cents and diesel down 21.3 centsFollow our Australia news live blog for latest updatesGet our b…

Geopolitics

Relief for scheduled airlines: Jet fuel prices up by 8.5%; flyers spared steep airfare hikes

Times of India – World · India

Jet fuel prices for scheduled Indian carriers have risen by approximately 8.5% in April, a move that offers relief to airlines and averts significant airfare h…

Geopolitics

Rupee at 100? Currency may weaken further against dollar as oil rises, Middle East conflict persists

Times of India – World · India

Even prior to the conflict, the rupee was facing downward pressure due to widening external imbalances and persistent capital outflows. The surge in oil prices…

Geopolitics

'Only a partial, staggered increase': Govt issues clarification on jet fuel price hike

Times of India – World · India

The government has limited the rise in jet fuel prices for domestic airlines to 25 percent. This decision aims to ease the financial burden on airlines and air…

Geopolitics

Will surging fuel prices push Filipinos deeper into credit card debt?

South China Morning Post – World · China

Rising fuel costs linked to the Middle East conflict could push more Filipinos deeper into debt, analysts have warned, with one regional study describing the P…

Geopolitics

‘I need to leave’: Cuba’s tourism workers reel from US oil blockade

Al Jazeera – News · Middle East

From taxi drivers to tour guides, the collapse of Cuba’s tourism industry has left thousands struggling to get by.

Geopolitics

EU warns oil and gas prices won’t quickly return to normal after Iran war

Al Jazeera – News · Middle East

The EU’s energy commissioner has warned oil and gas prices will not return to normal any time soon.

Geopolitics

After Strait of Hormuz opens, turmoil would still last months, analysts say

Al Jazeera – News · Middle East

Effective shutdown of key waterway could lead to permanent changes in how shipping industry does business.

Geopolitics

Two-thirds of UK hospitality businesses plan to cut jobs and one in seven will close, survey finds

The Guardian – World · Europe

Sector cites ‘billions of pounds in additional costs’ from new business rates and increase in minimum wage thresholdsTwo-thirds of hospitality businesses are p…

Geopolitics

Anthony Albanese to address nation on Wednesday night as treasurer announces Covid-era support measures

The Guardian – World · Europe

Treasurer says Iran war having ‘extreme impact on global economy’ Follow our Australia news live blog for latest updatesGet our breaking news email, free app o…

Geopolitics

RBI extends US tariff relief as Iran strife disrupts trade

Times of India – World · India

- Calculate monthly loan installments and SIP investment returns. - Determine PPF maturity amount and FD interest. - Estimate NPS pension and corpus. - U…

Geopolitics

Jet fuel prices more than double; brace for steep airfare hikes

Times of India – World · India

Indian airlines face a significant surge in airfares as jet fuel prices have more than doubled for April, driven by the Iran war. This drastic increase, couple…

Geopolitics

Hiring in the US drops to pandemic lows as job market under Trump stagnates

Al Jazeera – News · Middle East

Labour market stagnation mirrors a slowing private payroll growth, averaging just 18,000 monthly in recent months

General

Stocks have their worst quarter since 2022, raising doubts about Trump's economic playbook

NBC News – World · US

A good day on Wall Street capped off a bad month for U.S. stocks, which lost hundreds of billions of value in March, as the Iran war drove up oil prices

Geopolitics

One month of war on Iran cost Arab countries up to $194bn: UNDP

Al Jazeera – News · Middle East

Even if conflict is 'short but intense', countries like Sudan, Yemen, Lebanon will see major increases in poverty rates.

General

A global jet fuel shortage is raising the cost of air travel

NBC News – World · US

American flyers still smarting from interminable airport security lines are about to get another shock

Geopolitics

Iran oil returns: India set to receive first cargo in 5 years, tanker heads to Gujarat

Times of India – World · India

- TOI Business Desk delivers global business news, tracking industries, markets, and economic trends. - Focuses on in-depth analysis, exclusive reports, and …

Geopolitics

Why spike in fertiliser prices may boost China’s political clout amid Iran war shockwaves

South China Morning Post – World · China

The US-Israel war on Iran has crippled exports of fertiliser from the Persian Gulf, raising the spectre of higher food prices if the conflict drags on. The dis…

Geopolitics

Where to invest during Iran war? Ask – or don’t – Mohammad Bagher Ghalibaf

Al Jazeera – News · Middle East

Iran’s parliamentary speaker is using X to shape market sentiment, blending war messaging with financial signalling.

Geopolitics

Centuries-old pottery firm Denby set to call in administrators

The Guardian – World · Europe

Almost 600 jobs could go amid higher cost of gas and labour and softening consumer demand Denby is set to call in administrators, putting the 217-year-old Der…

Geopolitics

From Oil to Food, the Iran War Is Squeezing the Global Economy

The New York Times – World · US

The effects of the war in Iran are squeezing consumers, businesses and governments around the world, raising the prices of many essential goods.

Geopolitics

China has ‘room’ for imported inflation, but economic risks rising: PBOC adviser

South China Morning Post – World · China

China has sufficient leeway to cope with imported inflationary shocks from Middle East instability, a monetary-policy adviser to the People’s Bank of China sai…

Geopolitics

US average fuel price passes $4 a gallon for first time in four years amid Iran war

The Guardian – World · Europe

National average hit $4.02, according to AAA data, capping an extraordinary rise from $2.98 just a month agoSign up for the Breaking News US email to get newsl…

Geopolitics

Steel bosses warn ‘back door’ loophole in UK trade rules could lead to job cuts and closures

The Guardian – World · Europe

New measures will protect Tata and British Steel but allow foreign pre-made parts into the UK, say industry bossesSteel bosses have warned ministers that a “ba…

Geopolitics

Landlords ‘leveraging up’ by exploiting property tax rules are fuelling Australia’s housing affordability crisis, analysis finds

The Guardian – World · Europe

Exclusive: Capital gains tax discount and negative gearing rules created ‘extra artificial incentive’ for property speculation, the e61 Institute has foundGet …

Geopolitics

Arab World Faces ‘Profound’ Economic Crisis From Iran War, U.N. Agency Warns

The New York Times – World · US

An economic simulation warned that the region’s economy could lose more than $190 billion in just one month, and that Gulf states that have often bankrolled re…

Geopolitics

Malaysia raises 2026 growth forecast despite Iran war risks

South China Morning Post – World · China

Malaysia’s central bank has raised its 2026 growth outlook, saying the economy is on track to expand between 4 and 5 per cent despite mounting risks from the I…

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At Shalyam, our Current Affairs section curates headlines and brief excerpts from publicly available RSS feeds of reputed publications. Each item links back to the original source for full reading, ensuring that the rights of the respective publishers are respected under the Indian Copyright Act, 1957.

We do not reproduce full articles; instead, we provide short snippets for reference along with our own commentary, insights, and fact-based analysis. All copyrights remain with the original publishers, and proper attribution is maintained for every article displayed.

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