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Chennai: In order to tide over the fuel crisis, India should temporarily stop exports of petroleum products and enter into a long-term supply contract with Russia, finds GTRI. “The government can invoke national energy security provisions to prioritize domestic fuel availability. Redirecting refinery output toward domestic markets would help build fuel reserves, cushion inflation and...
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Import and export activities will continue at all customs houses, including Chittagong Port, to keep trade operations uninterrupted during the Eid holidays, despite the closure of all government offices. The National Board of Revenue (NBR) has given directives to authorities to keep customs houses and excise stations open during the Eid holidays and weekends,...
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A geopolitical shock rarely arrives through a single channel. For Korean startups and export-oriented SMEs tied to the Middle East, the current crisis is unfolding across several layers at once. Shipping routes are unstable, buyers are disappearing, and now macroeconomic pressure is entering the picture. As oil prices surge and the Korean currency weakens, a...
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The global arms trade is booming. According to a new report by the independent Stockholm International Peace Research Institute (SIPRI), in the past five years, global arms deliveries have increased by almost 10% compared to the previous five-year period. After declining by around a third after the collapse of communism and the end of the...
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Boosting Production Capacity HyFun Foods is investing ₹900 crore in a new manufacturing facility in North Gujarat, expected to be ready by late 2026. This expansion will more than double its French fries capacity to 245,000 tonnes and potato specialties capacity to 40,000 tonnes. Overall, the company’s total potato processing capacity will grow from 350,000...
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In the inter-bank market, the dollar rose by as high as Tk0.25 in a single day to trade between Tk122.50 and Tk122.55 yesterday. 09 March, 2026, 12:10 am Last modified: 09 March, 2026, 01:21 am Representational image. Photo: Mumit M “> Representational image. Photo: Mumit M The taka weakened sharply against the US dollar yesterday...
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Rabat – Morocco is among the countries that have reinforced their positions in Africa with consumer goods exports. A report from African Exponent, whose data is now making international and local headlines, shows Morocco as number one in terms of consumer goods exports. The report cited Morocco’s leadership in several sectors, including the automotive sector,...
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Global arms transfers increased by 9.2 percent between 2016–20 and 2021–25, largely driven by surging demand in Europe, according to new data released on Monday by the Stockholm International Peace Research Institute (SIPRI). European states more than tripled their arms imports, making the region the largest arms-importing market globally, accounting for 33 percent of all...
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Global container freight rates moved higher this week as export activity across Asia began recovering after the Lunar New Year slowdown. However, escalating tensions in the Middle East, particularly around the Strait of Hormuz are raising concerns that geopolitical risks could soon disrupt the fragile market rebound. Read also: Shipping Disruptions in Strait of Hormuz...
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Removing the UK’s tariff exemption for low-value imports could push up prices and harm small companies and trade, a leading business group has said, as it called for a phased-in approach to ending the “de minimis” rules. The UK government plans to end the tax break on imports of goods worth less than £135, making...
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