Business
Australia to halve fuel tax in response to Middle East war
Anthony Albanese has announced a temporary cut in fuel tax to help Australians deal with rising petrol prices caused by ongoing tensions in the Middle East. Under the…
Tag: Business
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Business
Air China resumes flights to North Korea after 6-year pause
Air China has restarted direct flights between Beijing and Pyongyang after a six-year break, marking another small step in North Korea’s gradual reopening. The first flight, CA121, left…
Business
At ‘Davos of energy’, AI looks to gas to power its rapid expansion
This week in Houston, natural gas became the main topic at CERAWeek—one of the biggest energy events in the world. Around 10,000 experts and industry leaders gathered to…
Business
US judge suspends govt sanctions on AI company Anthropic
A federal court ruling in San Francisco has temporarily blocked Trump administration sanctions against Anthropic, escalating a major legal clash over government control of AI use in the…
Business
US in the spotlight at WTO meet
At the World Trade Organization (WTO) ministerial meeting in Yaoundé, Cameroon, tensions are building around the future role of the United States in global trade governance. What’s happening…
Business
WTO mulls future of global trade under cloud of Mideast war
The World Trade Organization (WTO) is facing a tense and uncertain moment as its 166 members gather in Yaoundé, Cameroon, for the 14th ministerial conference (MC14) amid global…
Business
Japan PM asks IEA chief to prepare additional ‘coordinated release’ of oil
Fatih Birol said Wednesday in Tokyo that the International Energy Agency is ready to release more oil from its reserves if the situation requires it. His remarks came…
Business
Back to black: facing energy shock, Asia turns to coal
Asian countries are turning to coal to keep the lights on and energy prices under control after the Iran war disrupted oil and gas supplies—but the crisis could…
Business
Global economy under ‘major threat’ from Strait of Hormuz crisis: IEA chief
In Sydney, Fatih Birol, the head of the International Energy Agency, warned that the global economy is in serious trouble because of the energy crisis linked to the…
Business
Weakened WTO set for high-level meet under cloud of Mideast war
The World Trade Organization (WTO) is convening its next ministerial conference in Yaounde, Cameroon, from March 26–29, amid mounting global trade tensions, US tariffs, and disruptions linked to…