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IEA, IMF, World Bank warn fuel, fertiliser prices could stay elevated for prolonged period amid supply shocks
ISTANBUL, April 14 — The International Energy Agency (IEA), the International Monetary Fund (IMF) and the World Bank Group warned Monday that fuel and fertiliser prices could remain elevated for an extended period even if normal shipping flows through the
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Bursa Malaysia ends lower as US Hormuz blockade plan rattles markets
KUALA LUMPUR, April 13 — Bursa Malaysia closed lower on Monday, tracking weaker regional market performance after Iran-United States talks ended in a stalemate, prompting Washington to proceed with plans to blockade the Strait of Hormuz and escalating geopolitical tensions.
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Oil prices spike past US$100 on Iran tensions, US blockade announcement
TOKYO, April 13 — The US oil benchmark rebounded above US$100 a barrel today after peace talks between the United States and Iran failed to make a breakthrough, and with US President Donald Trump ordering a blockade of Iranian ports. Shortly
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IMF chief raises alarm over AI threats to global monetary system stability
WASHINGTON, April 13 — The global monetary system is not prepared to address artificial intelligence’s rapidly escalating risks, the IMF managing director warned yesterday, as a new Anthropic model raises urgent cybersecurity concerns. Kristalina Georgieva’s comments came a day before
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Saudi Arabia restores full capacity on East–West pipeline after attacks
CAIRO, April 12 — Saudi Arabia has restored full oil pumping capacity through the East-West pipeline to about seven million barrels per day, it said today, days after providing an assessment of damage on its energy sector from attacks during
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China better placed to weather Mideast supply shock thanks to long‑term energy strategy
BEIJING, April 12 — China’s long-term strategy of diversifying energy sources and building stockpiles is helping it weather disruptions from the Iran war, although some sectors still face major snags, analysts say. China is a net importer of oil and
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Vietnam extends fuel tax suspension until end‑June to stabilise market amid supply disruption
HANOI, April 12 — Vietnam has decided to extend the suspension of taxes on fuels until the end of June from April 15 to stabilise the domestic market, the country’s parliamentary office said today, as the Iran war continues to
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Lufthansa faces fresh disruption as pilots announce two‑day strike
BERLIN, April 12 — The pilots’ union for Lufthansa, Europe’s biggest air transport group, yesterday called for a two-day strike in Germany from tomorrow over a salary and pensions dispute. The airline has already been hit by four strikes this
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Thailand increases social benefits payments to ease cost pressures from Mideast conflict
BANGKOK, April 11 — Thailand will increase its allowance for essential goods starting Monday to help mitigate the economic impacts of the Mideast war, which are particularly affecting farmers, small business owners and “vulnerable” people. More than 13 million Thais
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Middle East conflict fallout to hit Asia’s economies through 2027, ADB says
MANILA, April 11 — The Middle East war is expected to drag on Asia’s economies over this year and next, the Asian Development Bank warned yesterday, as it predicted growth to slow to 5.1 per cent across the world’s most
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