
Middle East Conflict Fuels Inflation, Hits Consumer Confidence, Prompts Global Economic Measures
The Middle East conflict continues to fuel inflation and impact global economies, leading to growing doubt among UK shoppers and prompting governments like India and Albania to implement measures such as export duties, reduced excise taxes, and price board meetings to stabilize fuel prices. Spanish families are also saving more amidst rising inflation, while European fund managers advise on investment strategies to mitigate risks.
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'Ripple of fear' over Iran war hits consumer confidence
A key survey indicates growing doubt among shoppers over prospects for the UK economy in the next year.
Read full article →Resurgent Inflation Tests Faith in Fed’s Willingness to Tame It
The war in the Middle East risks worsening an inflation problem that the Federal Reserve has struggled for years to subdue.
By Colby Smith and Ben Casselman
Read full article →Zimbabwe Gold Exports at Risk From Escalating Middle East War - Bloomberg
Zimbabwe Gold Exports at Risk From Escalating Middle East War Bloomberg
Read full article →Sri Lanka braces for new economic crisis as war on Iran continues
For many Sri Lankans, the fuel shortage triggered by the war carries echoes of the 2022 economic crisis - with a twist.
Read full article →India takes a ‘huge hit’ on tax revenue to keep fuel prices from surging during the Iran war
India takes a huge tax revenue hit as it cuts fuel excise duties to shield consumers from soaring oil prices caused by the Iran war.
Read full article →Rajnath to head inter-ministerial group to monitor Middle East conflict-linked issues
Rajnath Singh will lead a new inter-ministerial group addressing the Middle East conflict's impact. Union ministers Amit Shah, Nirmala Sitharaman, and Hardeep Singh Puri are members. The group will focus on energy security, supply chains, and global order disruptions. Prime Minister Narendra Modi announced seven empowered groups to assess and mitigate economic effects.
By TOI NEWS DESK
Read full article →Macquarie Group warns of ‘$200 oil’ if the US-Iran war drags on till June
Brent crude is on pace for a record monthly gain in March, as the war between the US, Israel and Iran has rocked the oil-rich Middle East.
Read full article →Gold Rate Today, March 27: Check 18, 22 and 24 carat gold prices in Chennai, Mumbai, Delhi, Kolkata and other cities
Read full article →Intraday Traders Beware: Tax Hike To Eat Into Your Profits From April 1
Securities Transaction Tax hike from April 1: As STT is charged on turnover, not profit, frequent traders feel the impact first.
Read full article →Oil could spike to $200 if the Iran war drags on until June: report
Read full article →Man nabbed for illegal refilling of LPG cylinders in Nueva Ecija
MANILA, Philippines — A man in Nueva Ecija was arrested for allegedly illegally refilling liquified petroleum gas (LPG) cylinders, the Philippine National Police (PNP) said on Friday. The suspect was tracked down by operatives to Barangay Pacac, Guimba town on Wednesday, according to PNP spokesperson Brig. Gen. Randulf Tuaño in a press briefing. “They were
By cbuban
Read full article →Sri Lanka jails man over 4 liters of hoarded petrol amid fuel crisis
Sri Lanka has jailed a man for three weeks after he admitted to hoarding four liters of petrol during a nationwide fuel shortage triggered by the Middle East war, local media reported Friday.
Read full article →Coverage Timeline
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