​Modi Takes a Heavy Hand to Curb India’s Love for Gold - Bloomberg.com

​Modi Takes a Heavy Hand to Curb India’s Love for Gold  Bloomberg.com

Air India cuts international flights amid Middle East conflict

The Iran war has triggered airspace closures, forced longer reroutings and driven a sharp rise in global fuel costs, adding pressure on global airlines.

Indians growing anxious as Modi asks them to cut on fuel

With energy prices rising, India's Narendra Modi has urged his compatriots to embrace voluntary austerity and protect the economy from the Iran war fallout. But ordinary Indians say there are already at their limit.

Headwinds ahead for India’s travel sector after Modi calls for foreign holiday restraint

India’s travel industry fears that an appeal by Prime Minister Narendra Modi to avoid unnecessary foreign travel will squeeze new bookings after inflationary pressure knocked down summer overseas inquiries by as much as 15 per cent, industry and analysts say. The pullback is set to hit the peak season for outbound tourism, when affluent families ‌seek cooler locations in Europe and Australia, during school holidays that run from April to June. “The prime minister has a great following, and...

By Reuters

India has increased tariffs on gold. Why it might paradoxically be a positive signal for the metal.

The Indian government is trying to alleviate pressure on its currency by discouraging gold imports. However, some analysts think this will likely have the opposite effect of that intended as investors seek to protect themselves from the inflationary impact of a depreciating rupee.

By Jules Rimmer

US grocery prices rose in April, but gas spikes weren't the only reason

Americans paid more for their groceries in April, but high gas prices were only one of the reasons why

By Dee-Ann Durbin

Air India suspends, reduces frequency on 29 international routes till Aug - full list

Air India is suspending and reducing flights on 29 international routes between June and August 2026 due to the West Asia conflict, rising jet fuel prices, and airspace restrictions. These temporary changes aim to improve operational stability and mitigate passenger inconvenience amid global aviation disruptions. The airline will continue operating over 1,200 international flights monthly across five continents.

By TOI BUSINESS DESK

Gujarat ministers drop pilot cars, CM cuts convoy after PM Modi appeal

Gujarat chief minister Bhupendra Patel and his council of ministers have decided to limit the number of vehicles in their official convoys, drop pilot escorts

Top 10 countries with largest gold reserves: After PM Modi’s appeal, a look at how much gold India holds

PM Modi's Appeal Not About Spending Less But Spending Wisely: Sources

Government sources have pushed back against descriptions of Prime Minister Narendra Modi's recent appeal for energy conservation and reduced foreign exchange outflows as "austerity measures", saying the term is misleading and carries negative economi

Modi cuts motorcade size to save fuel amid mounting economic pressure

Indian Prime Minister Narendra Modi has “significantly” cut the size of his motorcade to save fuel, a government source said on Wednesday, days after Modi urged citizens to tighten their belts amid a surge in energy prices triggered by the Iran war. Modi appealed to people on Sunday to adopt austerity measures, including avoiding unnecessary foreign travel, using public transport, reducing gold purchases and cutting their use of cooking oil, as soaring global energy prices put pressure on the...

By none@none.com (Reuters)

Modi’s India is looking like a one-party state

Such a blatant abrogation of individual voting rights is a first in the Indian republic's 76-year history.

Air India cuts international flights amid Middle East conflict

France inflation rises to 2.2% in April, unemployment at highest since 2021

Russia’s Oil Export Revenue Saw Continued Growth in April, IEA Says

Revenue from crude and petroleum shipments rose to $19.18 billion, a modest increase of $180 million from the $19 billion recorded in March.

Dangote exports 1.66bn litres fuel amid US-Iran tensions

Dangote Refinery exported 1.66bn litres of fuel in April, including petrol and diesel, amid rising global demand due to Middle East tensions. Read More: https://punchng.com/dangote-exports-1-66bn-litres-fuel-amid-us-iran-tensions/

By Punch Newspapers

Romania’s annual inflation jumps to 10.7% in April

By irina.popescu0

Fuel prices set to rise from May 16 despite possible extension of gov’t intervention

Prices of petroleum products are expected to rise from May 16, 2026, even if the government extends its current programme aimed at cushioning consumers against rising crude oil prices.

By Abubakar Ibrahim