Economy

China overtakes US as India’s top trading partner

China has reclaimed the top spot in India’s trade rankings for FY2026 with $137 billion in bilateral trade, surpassing the US amid shifting global tariff landscapes

Zimbabwe tightens lithium exports with quotas and local processing conditions

Zimbabwe says it will impose lithium export quotas and require local processing commitments before suspended shipments can resume

Madagascar declares energy emergency as Iran war disrupts fuel supply

Madagascar has declared a 15-day energy emergency in response to fuel shortages and disrupted electricity generation across the island caused by the Middle East conflict

South Africa on alert for shipping route changes amid Middle East conflict

South Africa says it is prepared for the possible rerouting of vessels along the Cape sea route as conflict in the Middle East disrupts shipping

ExxonMobil and Chevron have reported an output drop amid Iran war disruption

ExxonMobil and Chevron have disclosed production declines and lower earnings as the Iran war disrupts energy supplies and drives oil price volatility

Mexico considers fracking to cut reliance on US gas

Mexico is looking for domestic sources of gas as the Middle East conflict disrupts markets and pushes energy prices higher