economic impact

Himachal Fuel Dealers Oppose Petrol, Diesel Cess, Warn of Sales Decline Bilaspur (HP), March 29: The Himachal Pradesh Petroleum Dealers Association has strongly opposed the state government’s decision to impose a cess on petrol and diesel, calling the move “unjustified” and cautioning that it...

New Delhi, March 26 The West Asia conflict could reduce economic growth in the Asia-Pacific region by up to 1.3 percentage points over 2026-2027 and increase inflation by 3.2 percentage points if energy market disruptions last more than a year, according to a research by the Asian Development...

South Korean President Urges Energy Savings Amid Middle East Crisis Fuel Price Cap and Electricity Rate Freeze Seoul, March 26 – South Korean President Lee Jae Myung on Thursday called for national cooperation in energy-saving efforts, citing the disruption of global energy markets caused by the...

PM Modi Urges Unity, Preparedness Amid West Asia Conflict New Delhi, March 23, 2026 – Prime Minister Narendra Modi on Monday stated that the difficult global conditions caused by the West Asia conflict are likely to persist for an extended period and called upon the nation to remain prepared and...

IEA Chief Warns of Global Economic Threat Amid Middle East Energy Turmoil Escalating Tensions Trigger Largest Oil Supply Disruption New Delhi, March 23 – The International Energy Agency (IEA) chief, Fatih Birol, has issued a stark warning that the global economy faces a significant threat due to...

Oil Prices Surge Past $100 as Iran Conflict Disrupts Strait of Hormuz Energy Flows Global Oil Markets React to Escalating Middle East Conflict Oil prices surge past $100 per barrel as the conflict involving Iran disrupts energy flows through the Strait of Hormuz, sending shockwaves across global...

Oil Prices Surge After US and Israel Strikes on Iran, Brent Crosses $80 Before Easing Global oil prices spike as Middle East tensions escalate, with Brent crude briefly touching $80 per barrel before paring gains.Brent and WTI Jump Sharply Amid Escalating Middle East Crisis Global oil markets...

Seoul Convenes Emergency Meeting to Assess Economic Fallout Seoul, March 1: South Korea’s industry ministry says it is preparing for all possible contingencies, including a potential closure of the Strait of Hormuz, following escalating tensions around Iran after a large scale U.S. Israeli...

AI Advancing Faster Than Public Realizes, Says Dario Amodei Dario Amodei, CEO of Anthropic, has cautioned that artificial intelligence is progressing toward human-level capabilities far more rapidly than most people recognize, describing the shift as an approaching “AI tsunami.”Speaking on a...

Commerce Ministry Reviewing US Tariff Decision New Delhi, February 23: Union Finance Minister Nirmala Sitharaman said on Monday that it is too early to assess the impact of the recent tariff changes announced by the United States, noting that the commerce ministry is currently examining the...

New Delhi, February 23: Finance Minister Nirmala Sitharaman on Monday said it is too early to assess the impact of the latest tariff changes announced by the United States, adding that the commerce ministry is currently reviewing the developments.Her remarks come after a series of swift policy...

New Delhi, February 22: The growing presence of Indian-origin executives at the helm of global technology giants should not be seen as a case of brain drain, but as a net positive for both India and the global economy, according to Jeetu Patel, President and Chief Product Officer at Cisco...

Washington, Feb 15 – As India prepares to host the AI Impact Summit in New Delhi next week, Bipul Sinha, Chairman and CEO of Rubrik, sees the event as a crucial opportunity to shift the global conversation about artificial intelligence from fear to practical applications that can transform...