economic fallout

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    South Korea Approves Extra Budget to Address Middle East Oil Impact

    Seoul, April 10 – South Korea's National Assembly is set to handle an additional budget bill on Friday aimed at coping with the economic fallout from the ongoing war in the Middle East.The additional budget, intended to ease the burden of rising oil prices and protect small businesses and...
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    Gold Market Volatility: Oil Prices and Geopolitics Impact Sentiment

    New Delhi, April 7 Gold prices fell by Rs 610 to Rs 1.49 lakh per 10 grams in futures trading on Tuesday as rising crude oil rates and escalating tensions in the Middle East dampened demand for the safe-haven asset and kept investors cautious.On the Multi Commodity Exchange, the yellow metal...
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    US President Faults Allies for Limited Role in Iran Situation

    Washington, April 7 – US President Donald Trump sharply criticised NATO and key US allies for not supporting Washington’s military campaign against Iran, calling the alliance a “paper tiger”.“NATO is a paper tiger,” Trump said, arguing that the alliance had failed to step up during the...
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    Trump's Speech Fuels Market Uncertainty and Energy Price Surge

    Washington, April 2 – Global markets fell, and oil prices rose after US President Donald Trump signaled that the Iran conflict would continue for weeks, raising concerns about supply disruptions and prolonged economic fallout, according to American media reports.US stock futures declined after...
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    Lee Jae Myung Urges Economic Measures Amidst Middle East Uncertainty

    Seoul, March 17 – South Korean President Lee Jae Myung said on Tuesday that the government should prepare measures to mitigate the potential economic fallout under the worst-case scenario where the Middle East crisis becomes prolonged.Lee made the call as the Strait of Hormuz, a critical...
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    State Firms Face Salary Reductions as Pakistan Addresses Economic Fallout

    Islamabad, March 14 Pakistan's Prime Minister Shehbaz Sharif on Saturday approved salary deductions ranging from 5 to 30 per cent for employees of state-owned enterprises (SOEs) and autonomous institutions as part of a broader austerity drive.The new measures were cleared during a review...
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    Finland's Stubb Highlights Escalating Risks in Middle East Conflict

    Mumbai, March 7 Finnish President Alexander Stubb said on Saturday that the economic fallout of the ongoing Iran war could potentially exceed the global impact of the Russia-Ukraine war and asserted that the situation was escalating at an "uncomfortable" pace.Addressing the Finland-India...
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