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Current Affairs

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Domain: Economics: Understanding Economic Systems ×

Current affairs articles

Geopolitics

Philippine oil refiner Petron buys Russian crude, eyes alternatives

South China Morning Post – World · China

Petron Corp., the Philippines’ only refiner, has procured 2.48 million barrels of crude oil from Russia as the Southeast Asian nation scours the world for alte…

Geopolitics

Two Australian states offer free public transport as war pushes up fuel prices

BBC News – World · Europe

Victoria and Tasmania incentivise commuters not to drive as the Iran war causes the price of petrol to shoot up.

Geopolitics

Dalal Street heads for holiday-shortened week amid Mahavir Jayanti, Good Friday

Times of India – World · India

Indian stock markets face a shortened trading week with closures on Tuesday, March 31, for Mahavir Jayanti and Friday, April 3, for Good Friday. This marks the…

Geopolitics

Indonesia cuts free meals to save US$2.3 billion as fuel prices soar

South China Morning Post – World · China

Indonesia is looking to save up to 40 trillion rupiah (US$2.3 billion) by cutting back on its free meal programme, an official said on Sunday, in a first auste…

Geopolitics

One in five UK hospitality businesses fear collapse as costs surge

The Guardian – World · Europe

Exclusive: Pubs, restaurants and hotels warn of mounting pressure days before rates rises and higher wage bills take effectOne in five hospitality businesses f…

Geopolitics

Americans struggle as Iran war puts strain on everyday costs: ‘I’m worried we won’t make it through’

The Guardian – World · Europe

Following the US-Israeli strikes on Iran, gas prices, grocery bills and mortgage rates have all climbed The US-Israel war against Iran has sent shockwaves thro…

Geopolitics

Oil on track for record monthly surge as Iran war disrupts markets

The Guardian – World · Europe

Brent crude jumps 51% since start of March and gold suffers fifth-largest monthly fall in 50 yearsMiddle East crisis – latest updatesThe Brent crude oil price …

Geopolitics

OpenAI founder proposes to remove income tax on Americans earning less than $100k

Times of India – World · India

Venture capitalist Vinod Khosla proposes eliminating federal income tax for Americans earning under $100,000, funded by higher capital gains taxes. He believes…

Geopolitics

Middle East war, oil prices to steer markets in holiday-shortened week

Times of India – World · India

Indian stock markets brace for a volatile, shortened week. Geopolitical tensions in the Middle East, crude oil price fluctuations, and the rupee's stability ar…

Geopolitics

From office to dark streets: How oil crunch is reshaping daily life in different nations

Times of India – World · India

Global economies reel as Middle East conflict escalates, disrupting oil supplies via the Strait of Hormuz. Nations like Vietnam and India are cutting fuel taxe…

Geopolitics

India stands alone against China-backed WTO investment pact

Times of India – World · India

While India is keen to find a solution, for almost 30 years, it has used this as a bargaining chip at every meeting, realising that an imposition of duty on st…

Geopolitics

PM Modi backs ethanol blending as key to cutting crude imports

Times of India – World · India

“Farmers’ efforts in this have given a lot of relief to the country at this time of global crisis,” he said. Ethanol production, he added, has not only benefit…

Geopolitics

Shops and restaurants in Egypt told to close early as energy crisis deepens

BBC News – World · Europe

Retail and dining premises will have to shut by 21:00 each night for the next month to conserve power.

Geopolitics

For Asia, the worst effects of Trump’s war on Iran are yet to come

South China Morning Post – World · China

The law of unintended consequences, a theory popularised by American sociologist Robert K Merton, has rarely been more applicable to any situation than to US P…

Geopolitics

Can This Russian Bakery Survive a 3,500% Tax Increase?

The New York Times – World · US

The challenges faced by a small-business owner near Moscow highlight how Russia’s war-drained economy is on the doorstep of a major crisis.

Geopolitics

Russia to introduce ban on gasoline exports from April 1

The Hindu – World · India

Mr. Novak said ‌that turmoil in the ‌global ⁠oil and oil products market, caused ⁠by the crisis in West Asia, is leading to significant price fluctuations

Geopolitics

Strait of Hormuz disruptions: India's crude buys from Russia may double from January levels

Times of India – World · India

Traditionally, India has sourced most of its crude from the Middle East, particularly Iraq, Saudi Arabia and the UAE, owing to geographical proximity, establis…

Geopolitics

Petrol, diesel prices: With ongoing war, what India's fuel situation looks like – top points

Times of India – World · India

Petrol and diesel prices remained largely stable across major Indian cities today, despite global crude oil surges due to the US-Iran conflict. The government'…

Geopolitics

At Rs 999, LPG in Adilabad 2nd priciest in country

Times of India – World · India

Adilabad district in Telangana faces the highest LPG prices in South India at Rs 999 per cylinder, significantly impacting household budgets. This surge, attri…

Geopolitics

Myanmar travellers take to the trains as fuel prices rise

South China Morning Post – World · China

Myanmar’s ageing railway stations are bustling with life, crowded with passengers as surging fuel prices due to the Middle East war drive commuters to choose t…

Geopolitics

What is the TACO trade and are investors profiting amid war on Iran?

Al Jazeera – News · Middle East

Global energy crisis continues to widen amid market volatility, while so-called 'TACO traders' attempt to capitalise.

Geopolitics

Labor to underwrite Australian fuel imports under new security powers to ensure supply

The Guardian – World · Europe

PM did not rule out later fuel rationing or work-from-home measures but said he strongly preferred ‘voluntary arrangements’Get our breaking news email, free ap…

Geopolitics

Commercial LPG allocation to states increased by 20%

Times of India – World · India

In a letter to chief secretaries of states and UTs, petroleum secretary Neeraj Mittal said only those industrial units that have registered with oil marketing …

General

Markets plunge and U.S. oil hits $100 as Trump's attempt to reassure Wall Street fails

NBC News – World · US

President Donald Trump is used to bending financial markets to his will

Geopolitics

Govt slashes excise duty on petrol, diesel to shield consumers, oil companies

Times of India – World · India

The windfall tax will also help the Centre partly offset the impact of the excise duty cut. Central Board of Indirect Taxes and Customs chairman Vivek Chaturve…

Geopolitics

Nigeria bets on UK port investment

Deutsche Welle (DW) – World · Europe

There are high hopes for upgrades to the Apapa Quays and Tin Can Island ports. But concerns remain over corruption and longstanding bottlenecks plaguing Nigeri…

Geopolitics

Rubio says sanctions relief for Russian crude not permanent as war roils oil market

Times of India – World · India

- TOI World Desk provides accurate, timely global news with diverse perspectives via a dedicated team of journalists. - Offers financial calculators for loan…

Geopolitics

Older Australians in ‘immediate danger’ as fuel crisis affects travel for aged care workers

The Guardian – World · Europe

Unions and farmers call for government intervention as agriculture, construction and waste industries also at risk from higher pricesGet our breaking news emai…

Geopolitics

‘It’s fired people up’: support grows, including within Labor, for new gas tax to curb wartime profits

The Guardian – World · Europe

Government, industry and opposition see growing public support for a new gas tax but the industry is fighting backGet our breaking news email, free app or dail…

Geopolitics

Post Ajit Pawar crash, DGCA issues new rules for VVIP non scheduled flights

Times of India – World · India

Following a fatal small plane crash, the DGCA has issued new guidelines empowering pilots flying VVIPs to refuse unsafe flights. These rules aim to prevent und…

Geopolitics

Hong Kong’s MTR Corp to keep fares unchanged for second year in row

South China Morning Post – World · China

Hong Kong’s rail giant has announced it will keep fares unchanged for the coming year after an annual review, marking the second year without any increase. “Th…

Geopolitics

Chinese market regulator tells firms to focus on healthy competition overseas

South China Morning Post – World · China

China’s market regulator has told companies including electric vehicle maker BYD and battery giant Contemporary Amperex Technology Ltd (CATL) to compete health…

Geopolitics

Pain at the pump fuels EV rush in China, driving a timely boost for carmakers

South China Morning Post – World · China

Rising fuel costs triggered by the Middle East crisis are emerging as an unexpected tailwind for China’s electric vehicle (EV) makers, as consumers increasingl…

Geopolitics

War on Iran price crisis not just about energy, says analyst

Al Jazeera – News · Middle East

Abdulla Banndar Al-Etaibi, says the disruption of fertiliser supplies due to the war on Iran will push food prices up.

Geopolitics

India lowers fuel taxes, says rumours of lockdown ‘completely false’

Al Jazeera – News · Middle East

India, the world's third biggest crude importer, announces measures amid shortages created by the Iran war.

Geopolitics

EU to target Temu, Shein and other companies with a levy on small packages coming from outside the bloc

Deutsche Welle (DW) – World · Europe

The European Union has announced that it will introduce handling fees for non-EU small packages from November 1. The fee will be charged in addition to a custo…

Geopolitics

Iran war: Is another 1970s‑style oil crisis looming?

Deutsche Welle (DW) – World · Europe

Supply disruptions, high prices, nervous markets — the war in Iran brings back memories of the oil crises of the 1970s. Back then, many economies plunged into …

Geopolitics

Soaring Diesel Prices Set Off Transport Strike in Philippines

The New York Times – World · US

Transport workers in Manila walked off the job to protest the rising cost of fuel, as the war in the Middle East causes a national energy emergency.

Geopolitics

Middle East crisis: Govt puts export duties on diesel, turbine oil; eyes Rs 1,500 cr collection

Times of India – World · India

The government has imposed export duties on diesel and turbine fuel to boost domestic availability and energy security, estimating Rs 1,500 crore in revenue. S…

Geopolitics

Iran war shows China’s urgent need to plug maritime insurance gap: expert

South China Morning Post – World · China

The havoc unleashed on global shipping by the US-Israel war on Iran has underlined China’s urgent need to fix its lack of a robust maritime insurance industry,…

Geopolitics

India news: Government reduces special excise duties on petrol and diesel

Deutsche Welle (DW) – World · Europe

The Indian government has ordered the cut amid the volatility in global crude prices. Other headlines in our daily news roundup include the oil minister denyin…

Geopolitics

Resurgent Inflation Tests Faith in Fed’s Willingness to Tame It

The New York Times – World · US

The war in the Middle East risks worsening an inflation problem that the Federal Reserve has struggled for years to subdue.

Geopolitics

India prepares to re-start LNG buys from Russia; seeks US waiver, says report

Times of India – World · India

Apart from crude oil disruptions, the supply of LPG and LNG have also been hit. India imports a big portion of its LPG and LNG needs and has been looking to st…

Startups

Planning to Buy a Home? March Could Be the Best Time to Get Your Home Loan

Your Story · India

As the financial year ends, March offers homebuyers a window to align tax planning, financial clarity, and faster loan processing. March 2026 presents a strat…

Geopolitics

Iran crisis bites into Malaysia’s supply chain as Anwar cuts fuel subsidy quota

South China Morning Post – World · China

Four weeks into the US-Israeli war on Iran, the crisis is beginning to bite in Malaysia, where Prime Minister Anwar Ibrahim has cut the monthly quota for subsi…

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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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