TLE DESK: Sri Lanka raised fuel prices by up to six percent on Sunday, in line with IMF plans to recover energy costs and phase out subsidies to stabilise the economy. Petrol […]
Category: Economy
Asian stocks sink as oil surges on US-Iran deadlock
TLE DESK: Most Asian shares fell in morning trade on Monday, extending recent global market losses, as the impasse in the Middle East pushed oil prices more than two per cent higher. […]
AI-related demand boosts Singapore exports in April
TLE DESK: Singapore’s exports rose nearly 25 percent in April compared to the same month the previous year as strong demand for AI-related products outweighed the effects of the Middle East crisis, […]
Sri Lanka hikes cooking gas prices amid global energy pressures
TLE DESK: Sri Lanka has increased the price of cooking gas by up to 23 per cent, as authorities grapple with rising global energy costs linked to the ongoing conflict involving Iran. […]
Iran escalates attacks after Trump’s warning over Strait of Hormuz
TBT DESK: launched fresh missile and drone attacks across the Middle East on Monday, while warning of “devastating” retaliation following strong remarks by US President Donald Trump demanding the reopening of the […]
White House seeks $1.5 tn defense budget as Iran war drives costs
TLE DESK: US President Donald Trump asked lawmakers on Friday to approve a massive $1.5 trillion defense budget for 2027, as the United States faces rising costs from its war with Iran […]
China’s Exports Slip 1.1% in October as Shipments to US Plunge 25%
China’s exports fell 1.1% year-on-year in October, dragged down by a sharp 25% drop in shipments to the United States, according to official customs data released on Friday. The decline marks the […]
Germany’s US exports hit four-year low as tariffs bite
TLE DESK: German exports to the United States dropped in July to their lowest level since 2021, data showed Monday, as President Donald Trump’s tariffs exact a heavy toll on Europe’s biggest […]
Tough negotiations and uncertainty ahead of OPEC+ meeting
TLE DESK: Uncertainty loomed over what Saudi Arabia, Russia and six other key members of the OPEC+ alliance would decide on crude output in their meeting on Sunday, with analysts saying a […]
EU ban impact: India’s diesel exports to Europe skyrocket; 137% surge in August shipments
TLE DESK: The European Union’s new restrictions on Russia’s crude oil have led to a massive surge in diesel shipments from India. India’s diesel shipments to Europe jumped 137% year-on-year, reaching 242,000 […]