Turkey Halts Interest Rate Cuts to Combat Energy Inflation
Central Bank of Turkey pauses rate cuts as the Iran war drives oil prices higher, threatening to reverse progress on domestic inflation control in 2026.
Economy
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Middle East Conflict Rattles Markets and Sinks Korean Won
Middle East conflict rattled markets and sank the Korean won as energy shock fears hit Asian currencies.
Senegal Prime Minister Orders Payment of Olympic Contractor
Senegal prime minister ordered payment of Olympic contractor debts, trying to protect credibility around major sports projects.
South Korean President Orders Emergency Budget to Boost Recovery
South Korea president ordered an emergency budget to boost recovery as weak demand and external shocks pressured growth.
Beijing Gains Trade Leverage as Global Supply Pressure Builds
Beijing gained trade leverage as global supply pressure built, giving China more room in negotiations over exports and industrial inputs.
Living Rooms Vanish as London Rentals Sacrifice Shared Space
Living rooms vanished from London rentals as landlords converted shared space into bedrooms, deepening the city housing squeeze.
Rising Fuel Costs Push Indian Inflation Toward Danger Zone
Rising fuel costs pushed Indian inflation toward a danger zone, threatening household budgets, the rupee and RBI policy.
Indian Stocks Plummet as Oil Shock Hits Mumbai Trading
Indian stocks plummeted as an oil shock hit Mumbai trading, pressuring the rupee, inflation expectations and consumer shares.
Australia Prepares Interest Rate Hikes as Oil Shock Revives Inflation
Australia prepared interest rate hikes as Iran conflict disruptions revived inflation pressure and threatened the Australian dollar.
Tanker Attacks Push Oil Above $100 Despite Massive Reserve
Oil prices surged to $100 after tanker attacks in Iraqi waters negated the IEA's record 400 million barrel reserve release during the 2026 Iran conflict.
Islamabad Seeks IMF Lifeline as Regional Conflict Spreads
Islamabad is seeking an IMF lifeline as regional conflict raises energy costs, debt pressure and political risk for Pakistan.
Middle East Conflict Dampens British Housing Market Growth
Middle East conflict dampened British housing market growth by reviving inflation pressure and delaying hopes for lower mortgage rates.