The bloc currently imports more than half of its crude oil from the Middle East. Published On 8 May 20268 May 2026 Southeast Asian leaders have agreed on measures aimed at reducing the impact of the Iran war on their economies, but conceded that the initiatives will take considerable time to come into effect. On … Read more
The world court issued the new order in response to a recent request made by South Africa, which submitted a case in December accusing Israel of genocide in Gaza, based on its continuing offensive following Hamas-led attacks in southern Israel which left almost 1,200 dead and more than 240 taken hostage. Since then, more than 32,000 … Read more
Argentina devalued the peso by 54% and announced a swath of spending cuts as the first steps of President Javier Milei’s shock-therapy program, moves welcomed by the International Monetary Fund. The newly inaugurated administration weakened the official exchange rate to 800 pesos per dollar, Economy Minister Luis Caputo said in a televised address after the … Read more