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Domain: Economics: Understanding Economic Systems ×

Current affairs articles

Geopolitics

Japan to start release of state oil reserve on Thursday to ease Iran impact

South China Morning Post – World · China

The Japanese government said it will start releasing 30 days’ worth of state-held oil from Thursday to cushion the impact on the economy as concerns over suppl…

Geopolitics

How does the current global oil crisis compare with the 1973 oil embargo?

Al Jazeera – News · Middle East

The 1973 oil embargo removed 4.5 million barrels per day from global supply. Today, that figure stands at 20 million.

Geopolitics

Australia and EU seal trade deal to cut reliance on China’s rare earths

Al Jazeera – News · Middle East

EU's Von der Leyen says critical minerals partnership is 'crucial' as China dominates supply chains.

Geopolitics

More North Sea drilling will put UK at mercy of fossil fuel markets, ministers say

The Guardian – World · Europe

Ed Miliband insists only clean power will provide ‘energy sovereignty’ amid opposition calls for oil and gas expansionUK politics live – latest updatesMinister…

Geopolitics

Australia lowers diesel standards in bid to increase supply as number of service stations running empty surges

The Guardian – World · Europe

Chris Bowen says move aimed at accessing fuel imports from markets with lower burning temperatures, including the US, Canada and EuropeGet our breaking news em…

Geopolitics

Albanese urged to help Australians struggling with fuel crisis, as NZ offers first-of-its-kind cash relief

The Guardian – World · Europe

David Pocock says a flat 25% export levy on gas producers could redirect ‘wartime profits’ to struggling AustraliansGet our breaking news email, free app or da…

Geopolitics

Europe Clinches Critical Mineral Access With Australian Trade Deal

The New York Times – World · US

The European Union and Australia have shaken hands on a trade deal that would improve access to aluminum, lithium and other critical minerals for the 27-nation…

Geopolitics

Hong Kong’s eMPF to cut fees by 21.6% from April, saving US$6.4 billion in 10 years

South China Morning Post – World · China

The electronic platform of the Mandatory Provident Fund (eMPF) will cut administration fees for 378 investment funds by more than 21 per cent from April 1, the…

Geopolitics

Global South to bear the brunt of Strait of Hormuz crisis amid worsening food scarcity

South China Morning Post – World · China

The deepening Strait of Hormuz crisis amid the war in the Middle East is choking the critical flow of not just oil but also fertilisers and perishable goods, a…

Geopolitics

Philippines may ground flights to tide over widening jet fuel crisis

South China Morning Post – World · China

The Philippines says grounding planes due to a shortage of jet fuel brought on by the war in Iran is a “distinct possibility”, according to President Ferdinand…

Geopolitics

China dials back on fuel price hikes to 'reduce burden' on drivers

BBC News – World · Europe

It comes as countries across the region are taking various measures to weather the soaring cost of fuel.

Geopolitics

US markets surge after Trump announces he’s postponing strikes on Iran

Al Jazeera – News · Middle East

Major US financial markets opened higher after US President Donald Trump announced he was postponing strikes on Iran.

Geopolitics

European wine, chocolate and cars to become cheaper in Australia amid landmark trade deal with EU

The Guardian – World · Europe

Australian manufacturers can call their wares parmesan and kransky, but terms like feta, romano and gruyere will eventually be phased outFollow our Australia n…

Geopolitics

Petrol prices are rising, but Australians don’t appear to be driving less or taking public transport more – yet

The Guardian – World · Europe

Vehicle numbers on key Sydney and Melbourne roads hold steady, as calls grow for free or cheaper public transport to encourage people to drive lessFollow our A…

Geopolitics

New Zealand to give cash payments to some low income families as global fuel crisis worsens

The Guardian – World · Europe

Policy begins on 1 April and is aimed to ease financial pressure as the price of fuel surges due to conflict in the Middle EastNearly 150,000 New Zealand famil…

Geopolitics

Japan to begin biggest-ever oil release from national reserves as Middle East energy crisis bites

The Guardian – World · Europe

PM Sanae Takaichi says about 80m barrels of stockpiled oil to be provided to refiners – equivalent to 45 days of domestic demand • Middle East crisis – live up…

Geopolitics

Fuel frenzy in Gujarat: Thousands rush to petrol pumps across cities amid shortage rumours

Times of India – World · India

Panic buying gripped Gujarat as rumours of a fuel shortage led to long queues and temporary rationing at petrol pumps. Dealers cited operational shifts, includ…

Geopolitics

Oil prices today: Crude nears $104 as Middle East tensions persist

Times of India – World · India

Global oil prices rebounded Tuesday amid escalating Middle East tensions and diplomatic uncertainty. Brent crude neared $104 a barrel as the Strait of Hormuz d…

Startups

Gen Z spending behaviour signals India’s move from crisis borrowing to convenience credit

Your Story · India

India is shifting from borrowing in moments of need to borrowing by default. As UPI, BNPL, and embedded finance blur the line between payments and credit, loan…

Geopolitics

China’s Hainan wants more than beach tourism. Will new customs rules cause a sea change?

South China Morning Post – World · China

As China undergoes a sweeping economic transition, its regions are also in the process of embracing change. The powerhouses of yesteryear must adapt or risk fa…

Geopolitics

Ministers rebuff trade body’s call to boost North Sea oil and gas production

The Guardian – World · Europe

Government emphasises need to ‘get off the rollercoaster of fossil fuel markets’ in response to Offshore Energies UKThe UK government has dismissed a warning f…

Geopolitics

PM Modi: India has strategic petro reserves of over 53 lakh tonne

Times of India – World · India

Prime Minister Narendra Modi assured that the government is actively working to maintain uninterrupted supplies of essential commodities like petrol, diesel, g…

Geopolitics

Your next LPG refill could be of 10kg instead of regular 14.2kg

Times of India – World · India

Oil marketing companies are reportedly considering delivering underweight LPG cylinders to ensure more equitable distribution amid critical availability. While…

Geopolitics

Slovenia becomes first EU country to introduce fuel rationing

BBC News – World · Europe

Until further notice, motorists in Slovenia will be restricted to a maximum purchase of 50 litres of fuel per day.

Geopolitics

How the Iran war is about to hit your wallet

Al Jazeera – News · Middle East

Strikes on gas sites in the Iran war are driving up energy costs, pushing up prices for power, food and more worldwide.

Geopolitics

Why the oil and gas price shock from the Iran war won’t just fade away

Al Jazeera – News · Middle East

Rerouting and diversification cannot help when a significant chunk of oil and gas have been taken off the market.

Geopolitics

Report: Hungary using more Russian oil, despite EU phase out

Deutsche Welle (DW) – World · Europe

A new report by the Center for the Study of Democracy, shared exclusively with DW, says that Hungary has increased its dependence on Russian oil since 2021. It…

Geopolitics

AI boom risks widening wealth divide, says BlackRock’s Larry Fink

The Guardian – World · Europe

CEO of asset manager says only a few firms and investors may reap rewards from growth in the technologyThe boom in artificial intelligence risks widening inequ…

Geopolitics

Starmer signals support for household bills next winter amid energy price shock

The Guardian – World · Europe

PM indicates he would prefer to focus taxpayer-funded help on poorest households, rather than universal bailoutMinisters are looking at providing support for h…

Geopolitics

Energy Crisis Will Not Be Resolved Quickly if War Ends, I.E.A. Chief Warns

The New York Times – World · US

Fatih Birol, the leader of the International Energy Agency, said the Iran war was a bigger crisis that the two oil shocks in the 1970s combined.

Geopolitics

Which countries have strategic oil reserves – and how much?

Al Jazeera – News · Middle East

Members of the International Energy Agency have agreed to release 400 million barrels of oil from strategic reserves.

Geopolitics

Iran war energy crisis equal to 70s twin oil shocks and Ukraine invasion fallout, says IEA chief | First Thing

The Guardian – World · Europe

Fatih Birol says effects on energy markets from Iran bombings and closure of strait of Hormuz not initially understood by world leaders. Plus, feminist magazin…

Geopolitics

EasyJet bookings fall because of Iran war as boss warns of air fare rises

The Guardian – World · Europe

Airline has hedged much of fuel into 2027, avoiding soaring prices, but costs likely to hit passengers by end of summerBusiness live – latest updatesThe boss o…

Startups

Etawah’s Everyday Weaves: A Loom Economy Driven by Daily-Use Textiles

Your Story · India

In Uttar Pradesh’s Etawah district, textile weaving is anchored in the steady demand for everyday-use fabrics rather than occasional or decorative

Geopolitics

Why Southeast Asian nations are vulnerable to the fuel crisis as Iran war rages on

South China Morning Post – World · China

Daniel Gech looks at prices on a board at a Sokimex petrol station in Phnom Penh and winces. Four weeks into the war in the Middle East, the ripple effects of …

Geopolitics

Drivers in China rush to fill petrol tanks ahead of biggest price hike this year

South China Morning Post – World · China

A steady stream of cars pulled into an ordinary petrol station in Beijing’s Chaoyang District early on Monday afternoon, keeping the pumps far busier than on a…

Geopolitics

Hong Kong’s Henderson Land trims dividend as Iran, mainland China cloud outlook

South China Morning Post – World · China

Major Hong Kong developers Henderson Land Development and Kerry Properties both reported mixed 2025 results, with stronger home sales partly offsetting softer …

Geopolitics

Why China’s AI automation push is a risky social experiment

South China Morning Post – World · China

China is betting artificial intelligence will solve its labour shortage, as policymakers ramp up a nationwide push to deploy AI and robotics across the economy…

Geopolitics

Iran conflict prompts questions about China’s export power amid fractured supply chains

South China Morning Post – World · China

As the Iran war fuels global fears of stagflation, a debate is intensifying over whether the crisis poses an immediate risk to China’s sources of external dema…

Geopolitics

US-Israeli war on Iran strains food, water and fuel prices in India

Al Jazeera – News · Middle East

Locals in northern India have a growing concern over costs of essential resources due to the Iran war.

Geopolitics

Global markets tumble with no end to Iran war in sight

Deutsche Welle (DW) – World · Europe

Markets in Europe and Asia nosedived as trading restarted on Monday, as oil prices continued to climb amid the war in Iran. Germany's DAX dipped 2% in early tr…

General

Markets rally, then pull back after Trump and Iran give conflicting reports of talks

NBC News – World · US

U.S. stocks were set to surge and oil fell after Trump and Iran gave conflicting reports about talks between the U.S. and Iran.

Geopolitics

Iran war: PM Modi lists key steps taken on oil & LPG supply - warns of lasting fallout

Times of India – World · India

PM Modi pointed out that cargo movement through the Strait of Hormuz has been challenging since the conflict began, but the government is taking steps to ensur…

Geopolitics

Oil price dips! Brent slips below $100 as Trump delays strike on Iranian power plants

Times of India – World · India

Oil prices experienced a sharp decline as President Trump ordered a five-day halt to planned military strikes on Iranian energy infrastructure, easing fears of…

Geopolitics

Iran war delivers new inflation stress to African economies emerging from older shocks

South China Morning Post – World · China

The ripples of the US-Israel on Iran are fuelling inflationary pressures across Africa through higher energy and fertiliser prices, threatening a fragile econo…

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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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