Washington, April 16 (IANS) Global conflicts and supply chain disruptions are adding to economic stress in developing countries, with the Intergovernmental Group of Twenty-Four (G-24) warning that recent gains on inflation and growth are at risk.Speaking at a press briefing during the Spring Meetings, G-24 Chair Olawale Edun said: “Numerous political crises and conflicts globally have significantly impacted… populations and further strained the fragile global economy, with particularly adver…
Latest Supply Chain Disruptions News & Updates
Seoul, April 7 (IANS) Downside risks to the South Korean economy are increasing amid the prolonged conflict in the Middle East as rising global oil prices and supply chain disruptions could have broader negative impacts on prices, consumption and exports, a state-run think tank said on Tuesday.”The economy, which had shown a gradual recovery, is now facing heightened downside risks due to surging oil prices and growing global supply chain uncertainties stemming from the conflict in the Middle Ea…
Washington, April 6 (IANS) Global energy markets and supply chains are coming under pressure as tensions over Iran and the Strait of Hormuz escalate, with oil prices rising sharply and fears mounting over disruptions to one of the world’s most critical shipping routes.Oil prices climbed after US President Donald Trump threatened strikes on Iranian energy infrastructure if Tehran does not reopen the Strait of Hormuz, according to CNN.“Oil prices pushed higher Sunday after President Donald Tru…
New Delhi, April 1 (IANS) Low-cost carrier IndiGo announced on Wednesday that it will raise fuel charges on both domestic and international flights for all new bookings made from 12.01 a.m. on April 2, due to the sharp increase in aviation fuel prices.The airline said the move follows a steep increase in jet fuel costs in the wake of supply chain disruptions due to the Middle East conflict.According to the International Air Transport Association (IATA) Jet Fuel Monitor, prices have risen by more…
New Delhi, March 13 (IANS) Pakistan is facing a serious shortage of essential medicines as the ongoing conflict in the Middle East disrupts the import of pharmaceutical raw materials and other critical supplies, according to a new report.The neighbour nation’s existing stock of pharmaceutical raw materials is sufficient for only about one-and-a-half months, according to the report in The Express Tribune.The conflict involving Iran, Israel and the United States has led to the suspension of seve…
New Delhi, March 10 (IANS) The Middle East tensions and supply chain disruptions are posing challenges to India’s exports of perishable products such as agricultural produce, dairy items and fruits, industry said on Tuesday.Rising logistics costs and disruptions in key maritime trade routes are creating difficulties for exporters, particularly those dealing with time-sensitive commodities.Vijay Kalantri, Chairman of World Trade Center Mumbai and President of the All India Association of Indust…
Ahmedabad, March 6 (IANS) Adani Total Gas Ltd (ATGL) has not increased the prices of CNG for vehicles and piped cooking gas supplied to household kitchens, despite gas supplies being hit due to the Iran war, company officials said on Friday.An ATGL official said about 70 per cent of ATGL’s gas volumes are sourced domestically and supplied to retail CNG fuel stations for vehicles and as piped natural gas for cooking to household kitchens. Prices for these two consumer categories remain unchanged….
New Delhi, Jan 14 (IANS) India and the European Union are in the final stages of negotiating a landmark Free Trade Agreement (FTA), which could reshape India’s trade landscape with its largest partner for goods.Some reports have tied German Chancellor Friedrich Merz’s just-concluded India visit to the ongoing India-EU talks. His trip is being seen as having underscored Germany’s push to fast-track the deal, highlighting trade, investment, and green technology as priority areas.Merz’s Jan…