Economy

FACTBOX: What is known about new drone attack on TurkStream compressor station

The holding company clarified that the attack was carried out by three fixed-wing unmanned aerial vehicles

South Africa cuts fuel levy to ease petrol prices as global oil surge hits

South Africa has cut the fuel levy by $0.16 per liter to ease petrol prices as oil surges above $100, offering temporary relief to consumers.

UK faces large-scale economic shock from Iran war, IMF says

The UK is especially exposed to higher energy costs due to its reliance on gas, raising pressure on households and the wider economy, the IMF has warned

India hikes aviation fuel cost to record 207,000 INR per kiloliter

India hikes international ATF prices to record levels amid the Middle East conflict, while domestic airlines see a capped 8.5% rise.

Starmer and Albanese warn citizens the worst is yet to come

British Prime Minister Keir Starmer and Australia’s Anthony Albanese have told their citizens to prepare for economic hardship as the US-Israeli war with Iran continues

The Iran shock: A big economic test for a far-away continent

The strategic response for Africa lies not in reacting to individual crises but in reducing its overall dependence on them