Economy
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India’s high-growth economy gets a Middle East oil shock
It wasn’t too long ago that India’s central bank, the Reserve Bank of India (RBI), described the country’s high growth-low…
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Oil slides after US-Iran ceasefire deal to reopen Strait of Hormuz
Global oil prices have fallen sharply and stock markets have jumped after the US and Iran agreed a conditional two-week…
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Qatar LNG ships appear to abort bid to exit Strait of Hormuz
Two loaded liquefied natural gas carriers that had seemingly aborted an attempt to exit the Arabian Gulf via the Strait…
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IEA chief says current oil and gas crisis worse than 1973, 1979, 2022 combined
The current oil and gas crisis triggered by the blockade of the Strait of Hormuz is “more serious than the…
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OPEC+ plans symbolic oil quota hike amid war, delegates say
OPEC+ members plan to raise their production quotas for May, in a symbolic move as the Middle East conflict constrains…
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Vietnam Q1 growth slows as costlier Middle East energy tests 2026 target
Vietnam’s economy slowed in the first quarter from the three months prior, data showed on Saturday, as heavy exposure to…
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Hike in energy prices will be high ‘for a very long time’: EU energy commissioner
The EU is assessing “all possibilities” including fuel rationing and releasing more oil from emergency reserves as it braces for…
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One dead after debris from intercepted attack hits Abu Dhabi gas site
One Egyptian citizen was killed and four people suffered minor injuries after debris from an intercepted attack fell on Abu…
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Emirates Global Aluminium says full production recovery from attack could take a year
Emirates Global Aluminium said fully restoring primary aluminum production at its Al Taweelah smelter in the UAE that was hit…
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Pharmaceuticals face 100% tariffs in US – unless firms strike a deal
Patented medicines will face a 100% tariff entering the US – but companies can still avoid the taxes by striking…
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