Europe's Inflation Rises to 2.5% as Iran War Drives Up Energy Prices; EU Warns of Prolonged Disruption
Europe's inflation rate rose to 2.5 percent in March, driven by surging fuel prices due to the war in Iran, according to official data. The European Commission has warned member states to prepare for potential prolonged energy supply disruptions and long-term market instability, as global fuel prices have surged due to the Middle East war, prompting discussions among European energy ministers for a common response.
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G7 leaders call for stabilizing energy markets amid Middle East war
Ministers of the seven-country informal group said they are prepared to take 'all necessary measures' to stabilize the global energy market, which is facing disruptions with Middle Eastern oil shipments.
Read full article →Nigeria's gasoline pump prices rise by 65%, highest in Africa
In tonight's edition, Nigerians are feeling the consequences of the war in the Middle East at the pump, with gas prices soaring. Also, the Democratic Republic of Congo's armed forces begin a disarmament push against the FDLR, a militia linked to the Rwandan genocide in 1994. And in South Africa, a mine owner has reached an understanding with illegal miners, allowing them limited access to his property once formal operations end for the day.
By Clémence WALLER
Read full article →EU tells members to prepare for 'prolonged disruption' to energy markets from Iran war
Read full article →EU tells members to prepare for 'prolonged disruption' to energy markets from Iran war - The Straits Times
EU tells members to prepare for 'prolonged disruption' to energy markets from Iran war The Straits Times
Read full article →EU tells members to prepare for ‘prolonged disruption’ to energy markets from Iran war
European Union governments should prepare for a “prolonged disruption” to energy markets as a result of the Iran war, the bloc’s energy chief has told countries’ ministers ahead of an emergency meeting on Tuesday. In a letter to energy ministers, dated March 30 and seen by Reuters, EU Energy Commissioner Dan Jorgensen said governments were […]
Read full article →EU energy chief warns of prolonged disruption to markets
European Union governments should prepare for a "prolonged disruption" to energy markets as a result of the Iran war, the bloc's energy chief has told countries' ministers ahead of an emergency meeting.
Read full article →RBI's Big Relief: Loans, Bank Guarantees Can Be Used For Trading Till July
The decision comes as RBI did not want to disturb markets when they are already volatile due to the Iran conflict.
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