The mood in the Strait of Hormuz remains combustible despite Trump’s ceasefire extension. ...
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EU approves €90bn loan for Ukraine as pipeline is turned on ending deadlockEU approves €90bn loan for Ukraine as pipeline is turned on ending deadlock
Ukraine says it has reopened the Druzhba pipeline, after months of stalemate over stalled oil supplies to neighbouring Hungary. ...
Safety fears could slow China’s robotaxi rolloutSafety fears could slow China’s robotaxi rollout
China’s robotaxi fleet may almost triple this year compared to 2025, though customer resistance could hinder its rollout, analysts said. Goldman Sachs predicted that China will have almost 15,000 robotaxis by the end of the year, putting the country ahead of the US in the race “to automate roads and ...
European carmakers lose premium brand status in ChinaEuropean carmakers lose premium brand status in China
European carmakers are losing their premium brand status in China, as younger consumers opt for cars from domestic brands, further eroding Western firms’ prospects in a cutthroat global market. Chinese carmakers are increasingly dominant around the world, but European automakers had long controlled the premium sector of the world’s biggest ...
Why Saudi is weathering the war shock better than mostWhy Saudi is weathering the war shock better than most
Alaa’s view Riyadh doesn’t feel like a city bracing for crisis. Stuck in rush-hour traffic this week, it was easy to forget that the Gulf is in the middle of a conflict that has upended the world economy and the region’s own prospects. Malls are relatively busy. At one restaurant, ...
Gulf trade will be permanently reshapedGulf trade will be permanently reshaped
Matthew’s view If I had one takeaway for the Middle East from last week’s meetings at Semafor World Economy, it is that it is impossible to overstate how much Gulf trade will be reshaped by the crisis in the Strait of Hormuz. The narrow waterway has served as the region’s ...
Impact of rising fuel costs expands in real economyImpact of rising fuel costs expands in real economy
The downstream impacts of the blockade of the Strait of Hormuz expanded across the global economy. European jet fuel prices have roughly doubled, and airfares are up 24% year-on-year; Lufthansa canceled 20,000 short-haul flights, other European carriers have announced similar measures, and Air France-KLM introduced a €100 surcharge on long-haul ...
Lufthansa cuts 20,000 summer flights as fuel prices surgeLufthansa cuts 20,000 summer flights as fuel prices surge
The airline is the latest to cut flights as the US-Israel war with Iran sends jet fuel prices soaring. ...
Tehran’s embattled Jewish community endures despite Israeli bombing of synagogueTehran’s embattled Jewish community endures despite Israeli bombing of synagogue
Members of Rafi’ Nia synagogue braved airstrikes to celebrate Passover hours before it was destroyed On the evening of 6 April, Asef, 65, and other members of Tehran’s Jewish community braved the US-Israeli bombing campaign to celebrate an evening Passover service at the Rafi’ Nia synagogue in the centre of ...
Middle East crisis live: Trump extends ceasefire but blockade continues as second ship reports attack in strait of HormuzMiddle East crisis live: Trump extends ceasefire but blockade continues as second ship reports attack in strait of Hormuz
Cargo ship reportedly attacked northwest of Iran after earlier reports that the IRGC had fired at a gunboat off the coast of Oman Trump announces ceasefire extension Why Trump’s erratic commentary is the real block to an Iran deal If you’re just joining us, here’s the main news of the ...