Southeast Asian governments are scrambling to subsidize soaring fuel prices after Brent crude topped $90 a barrel, adding a heavy fiscal burden to Indonesia, the Philippines, Thailand and Malaysia. The subsidies, intended to quell public unrest, are swelling budget deficits and prompting rating agencies to warn of potential sovereign‑debt downgrades. Currency weakness and rising inflation could further erode economic stability. Analysts say the fiscal strain may force governments to choose between continued subsidies and higher borrowing costs.
President Donald Trump warned Iran could be "taken out in one night," reigniting geopolitical risk and pushing oil prices higher. U.S. equities posted modest gains—S&P 500 up 0.3%, Dow 0.2%, Nasdaq 0.5%—while Australian futures slipped about 1.1% at the open. Brent...

Analysts argue that China’s yuan is expanding globally faster than traditional metrics reveal, as an increasing volume of cross‑border transactions now flow through the country’s own payment network, CIPS. Because CIPS and bilateral settlement channels bypass SWIFT’s messaging system, they...

The article argues that although the U.S. dollar’s share of global foreign reserves has been slipping since its 2001 peak, the decline is incremental, ensuring the greenback’s dominance for the foreseeable future. Nations in the Global South cannot simply wait...

MENA startup funding plunged to $48.3 million in March 2026, an 85% month‑on‑month drop and 62% lower than a year earlier. The slowdown reflects heightened geopolitical risk from the US‑Israeli conflict with Iran, prompting investors to pause rather than withdraw capital....

The European Union is being urged to move from a donor‑centric model to a true partnership with Africa, focusing on industrialisation, streamlined aid, and balanced security cooperation. Proposals include an EU‑Africa Industrialisation Pact to shift investment toward processing and manufacturing...

Gina Raimondo warned that Chinese subsidies and a surge in cheap imports are hollowing out Europe’s industrial base, especially in Germany’s chemicals and automotive sectors. She stressed that without a coordinated US‑Europe technology alliance, the transatlantic partnership cannot compete with...

India has restarted oil and LPG purchases from Iran after a seven‑year break, following a U.S. waiver that temporarily lifts sanctions on Iranian crude. The Ministry of Petroleum confirmed shipments, including a 44,000‑metric‑tonne LPG cargo, as refiners seek to offset...

ER Group, a Mauritian conglomerate formed in 2025, has opened a regional office in Nairobi to accelerate its East African investment strategy. The Nairobi hub will coordinate deal sourcing, due diligence, and partnership negotiations across Kenya, Uganda, Tanzania, and Rwanda....

Japanese Prime Minister Sanae Takaichi announced that her government is preparing to hold talks with Iran’s supreme leader. The statement was made during a budget committee session in the lower house, emphasizing that discussions will be scheduled at an appropriate...
The Trump administration has placed Treasury Secretary Scott Bessent at the center of a cautious economic détente with China, steering away from the hard‑line posture of earlier hawks. President Trump’s upcoming May visit aims for a trade win rather than...

Rising crude‑oil prices and heightened Iran‑U.S. tensions pushed Indian equities lower on Monday. The BSE Sensex fell about 120 points (‑0.16%) to 73,199 and the NSE Nifty slipped 13 points (‑0.06%) to 22,700. Brent crude rose to $109.78 per barrel...

Viktor Orbán’s Fidesz party is trailing the newly formed Tisza Party in polls ahead of Hungary’s April 12 parliamentary election. The contest is being framed as a referendum on whether Budapest will deepen its alignment with China and Russia or re‑orient...
European leaders are confronting deep economic and military reliance on the United States after a year of Trump‑era tariffs, threats to withdraw troops, and pressure on energy supplies. The U.S. now accounts for over 20% of Europe’s exports and supplies...

Within weeks of the U.S.-Israeli attack on Iran, Tehran’s near‑shutdown of the Strait of Hormuz halted roughly 20% of global oil and LNG transit, sending crude prices up 55% and gasoline up about $1 per gallon. The disruption exposed the...