Jet Fuel Crisis Could Drag On for Months Despite Strait of Hormuz Reopening, IATA Cautions
Even as the Strait of Hormuz begins to reopen, the global aviation industry is not out of danger just yet.…
Tag: #GlobalEconomy
US and Iran Agree to Temporary Ceasefire as Tensions Ease and Strait of Hormuz Reopens
In a dramatic turn of events, the United States and Iran have agreed to a two-week ceasefire, just moments before…
Iran Calls on Youth to Guard Power Plants as Gulf Tensions Escalate
As tensions continue to rise across the Middle East, Iran has made an unusual and urgent appeal to its younger…
Southeast Asia Shifts Gears: China Regains Edge as Preferred Superpower Amid Rising Concerns Over US Policies
A new regional survey is revealing a significant shift in how Southeast Asia views global power dynamics—and the message is…
Iran Likely to Keep Strait of Hormuz Under Tight Control, US Intelligence Suggests
Recent US intelligence indicates that Iran has little intention of easing its grip on the Strait of Hormuz anytime soon,…
US Fed chief says energy shock manageable for now but warns inflation risks could grow
The head of the US central bank, Jerome Powell, said the economic impact of the recent surge in energy prices…
Trump Delays China Summit as Middle East Conflict Takes Priority at Home
In a move that underscores the urgency of unfolding global events, U.S. President Donald Trump has requested China to delay…
Iran Announces Over 60% Minimum Wage Hike Amid Economic Challenges
In a move aimed at easing financial pressure on workers, Iran’s labour minister has announced a substantial hike in the…
Germany’s Merz Seals Chinese Airbus Deal Amid Push to Strengthen Ties with Beijing
German Chancellor Friedrich Merz announced that China will purchase up to 120 aircraft from Airbus, following high-level talks with President…
Trump Imposes 10% Tariff Following Supreme Court Blow to Trade Policy
President Donald Trump announced yesterday an additional 10 percent tariff on imports into the United States, a move that comes…