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Helium supply shock threatens Asian chipmakers as economic slowdown fears mount

The Iran war is rattling Asian chipmakers as damage to Qatar’s gas facilities chokes off supplies of helium, an essential ingredient in manufacturing products ranging from smartphones to medical scanners. Analysts warn that the supply disruption is expected to trigger ripple effects across the globa...

PTI announces all-party conference for joint response to ‘unjustified’ fuel hike

Pakistan Tehreek-e-Insaf (PTI) Chairman Barrister Gohar Ali Khan on Friday said the party would convene an all-parties conference (APC) to discuss the recent increase in petroleum prices and its impact on the public. The announcement came during a press conference at Khyber-Pakhtunkhwa House, where Gohar, along with Taimur Saleem Jhagra and Akhunzada Hussain Yousafzai, criticised the price hike as unjustified and harmful to citizens. Describing the issue as “very serious”, Goh...

Italy Extends Iran War Fuel-Tax Cut at Cost of €500 Million

Prime Minister Giorgia Meloni’s government extended Italy’s fuel tax cut through May 1, committing about €500 million ($577 million) in added funds to blunt the impact of higher energy prices caused by the Iran war.

Scott Bok Explains What Investment Bankers Actually Do All Day

There’s obviously a lot of talk these days about AI and possible destruction of white collar jobs. Intuitively bankers might be expected to be victims of this. But before we can answer whether AI can disrupt an industry, or a line of work, we have to know what the job actually entails. What do inves...

Luxury stores take hit in Dubai as Iran war drags on

DUBAI: Rows of luxury boutiques line an upmarket Dubai mall, yet a month into the Middle East war their sales staff sit idly, phones in hand, watching for the rare customer. Salespeople in immaculate suits say they have been told not to speak to reporters, but one briefly described the mood. “Of cou...

Pakistan walks into IMF meetings in DC amid war shocks

• Finance minister to hold key talks with Fund, World Bank officials through April 17• Islamabad to seek safety nets, subsidy reforms, emergency financing options• Oil, gas volatility threatens Pakistan’s reserves, widens current account gap WASHINGTON: Finance Mini­ster Muhammad Aurangzeb is expect...

Fuel rates explode as govt withdraws blanket subsidy

• Petrol raised by Rs137 to Rs458 per litre; diesel up by Rs184 to Rs520• Petroleum levy raised on petrol, cut to zero on HSD• Kerosene price increased by Rs34 to Rs458 per litre• Rs100 per litre subsidy for bikers capped at 20 litres per month• Small farmers to receive Rs1,500 per acre support• Ear...

Rana Sanaullah defends fuel price hike, links it to global crisis

Adviser to the Prime Minister on Political Affairs Rana Sanaullah on Friday defended the recent increase in petroleum prices, saying the government had made sustained efforts to shield the public from the impact and had introduced targeted subsidies to ease the burden on vulnerable groups. The government on Thursday further increased petrol price by Rs137 per litre, to history’s highest ever level of Rs458.4 after Prime Minister Shehbaz Sharif decided to impose more taxes on consumer...

Chinese airlines shed weight, add flights over Russia to trim fuel costs amid Iran war

From controlling the weight of aircraft to sending more flights to Europe via Russian airspace, Chinese airlines have adopted a range of measures in response to the surge in oil prices resulting from the Middle East conflict that threatens to crimp their razor-thin margins. A number of carriers, inc...

“Survival impossible”: Goods transporters react to fuel price hike

KARACHI: Senior Vice President of the Karachi Goods Carriers Association, Muhammad Safeer Shaheen, said on Friday that the survival of transporters has become nearly impossible following the massive increase in fuel prices. According to officials, the price of petrol has been increased by Rs138 per...

Iran's strike list threatens global digital economy

Indonesia rebalances energy policy as Iran war spurs new projects

Indonesia is accelerating the transition to clean and renewable energy while pushing for more investments in oil and gas projects, critical minerals and rare earth mining, amid the global energy crisis triggered by the Middle East conflict. In the past week, Jakarta signed a raft of deals with inter...

Pakistan plans early market closures amid fuel price surge

The Pakistan government has decided to introduce further measures under its fuel conservation policy, including early market closures. Preparations are underway to shut markets at 8pm from 6 April, with a focus on shifting business activity to daytime hours to save electricity. The federal governmen...

Tesla outraces China’s BYD in pure electric car sales to regain world’s top spot

Tesla has regained the global pure electric vehicle (EV) crown for the first time since the fourth quarter of 2024, after its deliveries rose 6.5 per cent year on year in the three months ending March. The modest increase was enough for the US carmaker to beat China’s EV king BYD, which posted a 25....

'I make thousands each year with credit card hack - but you have to be careful'

Clever money savers have told how they rake in thousands of pounds each year thanks to a savvy credit card hack known as 'stoozing', but experts have warned that this potentially risky tip isn't for everyone

Westpac CEO Warns Iran War May Spark Recession in Australia

Westpac Banking Corp.’s chief executive officer Anthony Miller has warned the conflict in the Middle East has raised the risk of a recession in Australia, saying that it was unclear how long supply chain disruptions from the Iran war could take to work their way through the economy.

Public transport fares increased following sharp hike in petroleum prices

RAWALPINDI: Public transporters have raised fares following a massive increase in petrol and diesel prices, a move that is likely to trigger a fresh wave of inflation across the country. With the surge in petroleum prices, transport operators in Rawalpindi have significantly increased fares. Taxi, r...

Europe’s largest airliner opts to cancel 10% of its flights due to lack of fuel

Chief Executive of Ryanair Michael O’Leary blamed the announced air traffic disruptions on the United States that jointly with Israel had launched a military operation against Iran

Food pantry network across the Midwest abruptly shuts down leaving 300,000 families in the lurch

NewsWorldAmericasFood pantry network across the Midwest abruptly shuts down leaving 300,000 families in the lurchRuby’s Pantry distributed food at dozens of locations across the MidwestKatie Hawkinson in Washington, D.C. Friday 03 April 2026 05:46 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":true,"showB...

Oil, gas prices won't immediately return to normal even if the Iran war ends: EU warning

Oil and gas prices won't immediately return to normal even if the Iran war ends, the EU warns