Economy

IMF cuts 2026 global growth forecast on Mideast war

The IMF cut its 2026 global growth projection Tuesday, warning that the world economy could be “thrown off course” by…

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Iran aims to restore majority of refining capability within two months, oil ministry offic

Iran expects to restore most damaged refining and distribution facilities to 70–80 percent of their pre-attack capacity within one to…

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Tankers urged not to pay toll to Iran for use of strait

Tankers that want to pass through the Strait of Hormuz are being advised not to pay money to Iran to…

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Soaring pump prices drive US inflation to highest level in almost two years

Inflation in the US accelerated last month to its highest rate in nearly two years, as surging oil prices triggered…

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US loans 8.5 mln barrels of SPR oil in second batch since Iran war

The US Department of Energy said on Friday it had loaned 8.48 million barrels of crude oil from the Strategic Petroleum…

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Europe could face jet fuel crunch within weeks, airports body warns

Europe’s airport industry group has warned that the continent could face a systemic jet fuel shortage in three weeks unless the Strait…

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Hot in the city: Energy crisis tests Singapore’s air-con addiction

Infamous for its widespread use of air-conditioning – has told government employees to bring up the temperature in offices to…

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YouTube sparks backlash after introducing 90-second unskippable ads on TV

Popular video-sharing platform YouTube recently sparked backlash after rolling out unskippable 90-second ads for TV users, making it impossible to…

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Flights resume in Sao Paulo after brief airspace closure due to technical issue

The airspace of Sao Paulo has been reopened following a brief closure on Thursday morning, the Congonhas and Guarulhos airports’…

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EU aviation regulator extends warning to avoid Middle East airspace until April 24

Europe’s aviation safety regulator EASA on Thursday extended until April 24 its advisory to airlines to avoid the Middle Eastern…

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