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Middle East Conflict Fuels Global Energy Crisis, Inflation, and Market Volatility
BusinessReutersBBCbloomberg+64NYTwsjFTThe GuardianAl JazeeraFox Newsyle-uutisetcnbc+56 more2d ago67 sources

Middle East Conflict Fuels Global Energy Crisis, Inflation, and Market Volatility

The Middle East conflict continues to drive global economic concerns, with Europe bracing for a supply crunch and price shock, Euro zone consumers turning gloomier, and developing Asia and Pacific facing potential inflation hikes. European shares and global stocks and bonds have slid as the crisis pushes oil prices above $105, exacerbating a war-fuelled energy crisis felt across various sectors and regions.

Philippines Distributes Fuel Subsidies to PUV Drivers Amid Rising Oil Prices
Businessdh-les-sportsbalkan-webinquirer+1philstar10d ago4 sources

Philippines Distributes Fuel Subsidies to PUV Drivers Amid Rising Oil Prices

Philippine authorities have begun distributing financial assistance to public transport workers in Manila to help them cope with significantly rising fuel prices. The Department of Transportation will start distributing fuel subsidies to public utility vehicle drivers and operators next week amid ongoing oil price hikes.

Sofia Public Transport Workers Protest for Wage Increase
Politicsdnevnik-bg18d ago

Sofia Public Transport Workers Protest for Wage Increase

Public transport workers in Sofia are protesting for a retroactive wage increase from January 1st, requiring 8.38 million euros. The protest will involve a meeting with Prime Minister Andrey Gyurov, Finance Minister Georgi Klisurski, and the mayor.

Public Transport Strike Paralyzes Germany
Politicsrzeczpospolita1mo ago

Public Transport Strike Paralyzes Germany

A nationwide warning strike by public transport workers, organized by the Verdi trade union, began in Germany on February 27, causing significant disruptions to buses, trams, and urban railways.

Southeast Asian Nations Grapple with Fuel Crisis; Philippines Exempts Fuel Trucks from Ban
WorldSCMPBangkok Postinquirer+3tempo-englishVnExpresspunch-ng4d ago6 sources

Southeast Asian Nations Grapple with Fuel Crisis; Philippines Exempts Fuel Trucks from Ban

Southeast Asian nations, including the Philippines, Vietnam, and Thailand, are grappling with a severe fuel crisis and rising prices for everyday items as the Middle East conflict disrupts global supply chains. In response, the Metropolitan Manila Development Authority has exempted trucks carrying fuel and essential goods from coding and bans.