100 days of war in Middle East show no sign of easing as world economies take the hit, poor countries on the spin
Overall commodity prices are projected to increase 16 per cent, driven mainly by energy, fertiliser and some metals. John Roper, chief executive for the Middle East at German energy company Uniper, said the strait’s closure and damage to facilities took most of the gas supply growth between 2025 and 2026 off the market, warning that the pain from the supply shortfall could last at least until 2030.
European Union tightening migration rules to keep Africans Asians out, ease deportation process
Under the new rules, EU members would be able to establish so-called “return hubs” outside the bloc for people whose asylum claims have been rejected or who have been ordered to leave the EU. Deportees could be sent to hubs in countries with which they have no connection, which means EU countries can bypass the refusal of certain countries of origin to accept their nationals.
European Central Bank says it on high alert to adjust rates if tensions in Middle East persist
Although the central bank had been claiming for months that it was “in a good place,” it struck a different tone on Thursday amid renewed energy price spikes driven by the US-Israeli war on Iran.
