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Economy
Pacific economies face slower growth amid energy market pressure
Rising fuel and fertiliser import costs are placing growing pressure on economies across Asia and the Pacific, especially small island states that rely heavily on imports. The Asian Development Bank (ADB) says governments are accelerating energy transition and resilience measures in response.
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Economy
Fuel prices in Europe: Before Iran war versus after the ceasefire
Fuel prices in Europe rose rapidly following the US–Israel strike on Iran and peaked shortly afterwards. While prices declined moderately after the ceasefire, both diesel and petrol remain notably higher than pre-strike levels.
Europe Today
Watch: Why the fuel crisis might ground your summer vacation flights?
If you are planning a holiday this year, you might want to check your bank balance and your flight status before you pack. Europeans are entering what is shaping up to be a "Surcharge Summer". What causes this turbulence?
Economy
Germany halves GDP forecast from 1% to 0.5% due to Iran war fallout
The German government has officially halved its economic growth forecast for 2026, citing the severe impact of energy shocks stemming from the Iran war. This revision reflects a significant cooling for Europe's largest economy.
Europe News
Euroviews. Opinion: Europe is subsidising its way into a deeper energy crisis
Energy crisis: Governments should replace blanket tax cuts and price caps with direct income transfers for vulnerable households, liquidity support and non-earmarked tax credits for exposed sectors, writes Judith Arnal, State Economist in Spain, in an opinion piece for Euronews.
Europe News
EU to secure jet fuel from the United States amid shortage fears
EU Transport Commissioner Apostolos Tzitzikostas has said there are no indications of jet fuel shortages, but stressed the importance of acting quickly and appropriately. The use of emergency stocks is under consideration "if real supply issues arise".