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Current Affairs

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Domain: Economics: Understanding Economic Systems ×

Current affairs articles

Geopolitics

US may remove sanctions on Iranian oil stranded in tankers, treasury secretary says

The Guardian – World · Europe

Scott Bessent says actions will increase oil supply and bring down prices, but long-term effects in questionThe US may soon remove sanctions on Iranian oil str…

Geopolitics

Shrinkflation takes a bite out of Easter eggs as shoppers pay more for less

The Guardian – World · Europe

The price of popular branded eggs has risen by over 40% in some cases while some have also shrunk in sizeShoppers are shelling out for smaller eggs again this …

Geopolitics

Gas shortage caused by Iran war may push India back to dirtier fuels

BBC News – World · Europe

Reports from across India point to rising sales of biomass fuels like firewood and cow dung cakes.

Geopolitics

China’s high household savings reflect old values and new anxieties

South China Morning Post – World · China

My grandmother kept her banknotes under the mattress. Even after savings accounts became common and the money my siblings and I gave her began to accumulate, s…

Geopolitics

Iranians shop for Persian New Year essentials despite war

Al Jazeera – News · Middle East

Iranians are shopping for essentials to celebrate the beginning of the Persian New Year, Nowruz, despite the war.

Geopolitics

Govt secures extra LNG via spot buying to make fertilisers

Times of India – World · India

- Loan Installment Calculator: Estimates monthly payments for loans. - SIP Returns Calculator: Projects investment returns through systematic investment plan…

Geopolitics

US-China split on digital money deepens as stablecoin debate stalls Clarity Act

South China Morning Post – World · China

US crypto advocates have increasingly pointed to competition with China’s new interest-bearing e-CNY to demand legislative clarity on stablecoin yields, but Ch…

Geopolitics

Germany considers windfall tax amid rising fuel prices

Deutsche Welle (DW) – World · Europe

Germany is set to pass legislation to put the brakes on rapidly rising gas prices. Berlin says a tax on petroleum profiteers is under consideration, but adds t…

Geopolitics

Survey shows China’s professionals have high expectations – for low pay

South China Morning Post – World · China

About two out of every five professionals in China expect no pay rise this year after more than half missed out on one last year, with both figures higher than…

Geopolitics

How Iran's strikes on LNG, oil hubs across Gulf impact India

Times of India – World · India

India gets around 40% of its LNG requirements from Qatar. Reacting to the damage to key energy infrastructure in the Middle East, External Affairs Ministry spo…

Tech & Startups

Inside a $1.1B deal to reshore critical minerals refining

TechCrunch · US

Critical minerals startup Nth Cycle is betting that its modular approach to nickel refining can make the practice viable in the U.S. and Europe.

Geopolitics

Shanghai certifies 30 overseas offices amid China’s investment sales pitch

South China Morning Post – World · China

Shanghai certified 30 new regional headquarters of multinational corporations and 15 research and development centres funded by overseas entities on Wednesday …

Geopolitics

Filipino jeepney drivers struggle as oil prices surge: ‘what we earn goes to diesel’

South China Morning Post – World · China

The ripple effects of the war in ⁠the Middle East are hitting home hard for ⁠Filipino jeepney driver Toni Prado, whose daily earnings have been gutted by soari…

Geopolitics

Recession fears grip markets as energy facilities come under fire in Middle East

South China Morning Post – World · China

A recession mindset took hold among global investors after strikes on energy infrastructure in the Middle East heightened fears that disruption to production a…

Geopolitics

If the Iran war takes oil above US$120 a barrel, how bad could the shock get?

South China Morning Post – World · China

With the US-Israel war on Iran entering its third week, the world faces the risk of a more severe oil shock as military strikes expand to major energy infrastr…

Geopolitics

As war in Iran roils energy markets, Europe pays price of ‘dependency’

South China Morning Post – World · China

Europe woke on Thursday to another energy shock, as military attacks on critical infrastructure in Qatar and Iran sent oil and gas prices across the continent …

Geopolitics

More families in Southeast Asia sinking into debt

Deutsche Welle (DW) – World · Europe

Across Southeast Asia, households are taking on debt just to cover basic needs. Analysts warn that the region's growing dependence on borrowing risks triggerin…

Geopolitics

Bank of England holds interest rates at 3.75% and signals rise is possible within months

The Guardian – World · Europe

Decision comes as concerns mount over economic fallout from Iran war bringing inflation shockAnalysis: BoE delivers message Britons don’t want to hearBusiness …

Geopolitics

BoE delivers message Britons don’t want to hear as inflation – and rates – look set to rise

The Guardian – World · Europe

Decision to hold interest rates is backed by gloomy assessment of economy as Iran war pushes up oil pricesBank of England holds interest rates at 3.75%Business…

Geopolitics

Europe’s biggest airlines say fuel price spike caused by Iran war will drive up fares

The Guardian – World · Europe

Carriers warn they cannot hold off passing on costs for long and some airlines plan to increase flights via AsiaBusiness live – latest updatesEurope’s biggest …

Geopolitics

Energy markets explode: Crude hits $114, gas jumps 35% after Iran targets Gulf fuel sites

Times of India – World · India

Iran's strikes on Gulf energy infrastructure, including Qatar's LNG facility, have sent global oil and gas prices soaring. The attacks have disrupted supply ro…

Geopolitics

India to buy LPG from Russia? MEA says will ensure 'people's fuel needs are met'

Times of India – World · India

India is actively seeking LPG from all available sources, including Russia, to secure energy supplies. This move comes as the Middle East conflict disrupts glo…

Geopolitics

China’s youth unemployment falls for sixth consecutive month in February

South China Morning Post – World · China

China’s urban youth unemployment rate fell in February for the sixth consecutive month, though the marginal improvement provides little reprieve for jobseekers…

Geopolitics

Oil and gas prices jump after Iran and Israel attack gasfields

The Guardian – World · Europe

Month-ahead UK wholesale gas price hits highest level since August 2022 as Donald Trump threatens retaliationMiddle East crisis – live updatesBusiness live – l…

Geopolitics

Gas prices surge 25% and oil jumps 9% as Middle East conflict ‘spooks the markets’ – business live

The Guardian – World · Europe

Attacks on South Pars and Ras Laffan, and Donald Trump’s threat to “massively blow up” the world’s largest gasfield, all hit marketsUK wage growth slows sharpl…

Geopolitics

Asia’s stock markets dive after attacks on energy facilities in Qatar, Iran

Al Jazeera – News · Middle East

Stocks tumble as attacks by Israel, Iran on critical energy infrastructure exacerbate fears for global energy supplies.

Geopolitics

Stopping gas dictating UK energy price could cut bills by £200, thinktank says

The Guardian – World · Europe

Iran war has increased gas price, with effects on UK energy bills that could be avoided, Common Wealth saysHousehold energy bills could be reduced by up to £20…

Geopolitics

‘Waiting for days’: India feels impact of gas supply chain disruption amid Iran conflict

The Guardian – World · Europe

People struggle to cook and businesses bear brunt as closure of strait of Hormuz slows imports of liquefied petroleum gasFor four days, Maya Rani, 36, has been…

Geopolitics

Power prices expected to fall by up to 10% from July, bringing ‘welcome relief’ to Australia’s east coast

The Guardian – World · Europe

Increased wind and solar generation, along with falling electricity contract prices, are expected to deliver lower energy billsFollow our Australia news live b…

Geopolitics

How the Iran war has left Europe facing yet another energy crisis

BBC News – World · Europe

It is not the first time that there has been deep energy-linked frustration in the heart of Europe.

Geopolitics

Could oil hit $200 a barrel? Analysts no longer think it’s far-fetched

Al Jazeera – News · Middle East

Prices are likely to rise substantially if the Strait of Hormuz remains, in effect, closed, market watchers say.

Geopolitics

The Iran War’s Economic Threat to Europe and Asia

The New York Times – World · US

Inflation and its consequences for growth is a growing concern for countries where memories of the 2022 energy crisis are fresh.

Geopolitics

Oil Prices Keep Climbing on Heightened Fears Over Energy Supplies

The New York Times – World · US

Attacks on major energy facilities in Iran and Qatar injected new uncertainty into the outlook for oil and gas prices.

Geopolitics

Oil prices today: Crude climbs to $112 as Middle East energy hubs come under attack amid Iran war

Times of India – World · India

Global oil prices and European natural gas surged Thursday following strikes on Iran's energy infrastructure and retaliatory threats. Iran blamed the US and I…

Geopolitics

Hong Kong follows Federal Reserve to keep base rate unchanged amid Middle East war

South China Morning Post – World · China

Hong Kong’s monetary authority kept its base rate unchanged after a similar move by the US Federal Reserve, as analysts said that the Middle East conflict has …

Geopolitics

Middle East banks eye Hong Kong as ‘safe haven’ amid Iran threats, InvestHK head says

South China Morning Post – World · China

Middle East banks and wealthy investors are poised to increase their investments in Hong Kong amid geopolitical tensions to diversify their risk and capture gr…

Geopolitics

How China opened the door to creating a direct rival to US payment systems

South China Morning Post – World · China

China’s recent changes to the rules governing its global payment system could pave the way for turning it into a genuine alternative to Western networks, accor…

Geopolitics

UK to double steel tariffs to 50% to save plants from collapse

The Guardian – World · Europe

Business secretary announces new ‘steel safeguards’ during visit to Tata’s Port Talbot plantThe UK is to double tariffs on Chinese and other foreign steel in a…

Geopolitics

Australia’s major fuel suppliers being investigated over alleged price-gouging amid Iran war

The Guardian – World · Europe

Anthony Albanese also announces new national fuel supply taskforce and reiterates call for motorists to ‘only take what you need’Follow our Australia news live…

Geopolitics

Reader callout: are you feeling the petrol pinch in Australia, and how is it affecting you?

The Guardian – World · Europe

Have you cancelled a holiday? Are you working from home more or taking fewer journeys? Tell us your experienceGlobal oil market prices have surged, with the US…

Geopolitics

India's young are more educated than ever. So why are so many jobless?

BBC News – World · Europe

India’s educational enrolment has surged but jobs, especially good ones, are not keeping pace, a new report finds.

Geopolitics

US holds interest rates as Iran war triggers inflation fears

BBC News – World · Europe

The US central bank is moving cautiously, despite pressure from the president to cut interest rates.

Geopolitics

U.S. national debt surges past $39 trillion just weeks into war in Iran

The Hindu – World · India

The U.S. national debt has hit a record $39 trillion

Geopolitics

Oil prices surge after Israeli strike on Iran’s South Pars gasfield

Al Jazeera – News · Middle East

There are fears that a period of elevated oil and gas prices could trigger a damaging wave of global inflation.

Geopolitics

US Fed keeps interest rates steady amid economic, geopolitical uncertainty

Al Jazeera – News · Middle East

The US Federal Reserve keeps rates steady at 3.5–3.75 percent amidst a cooling labour market and Iran pressures.

Disclaimer

Content usage & attribution

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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