The latest updates on Economy from around the globe.
Brent crude climbed back above $100 a barrel after Reuters reported that Chinese refiners had suspended fuel exports beyond Hong Kong and Macau and that PetroChina had cancelled October cargoes. The US is also pressing France and Germany to release diesel reserves, sources told Reuters.
Low cost carrier ceases service after failed rescue efforts, leaving millions of passengers stranded and thousands unemployed
Brent crude climbs sharply amid stalled diplomacy, with global markets rattled by continued blockade of key energy routes
Analysts warn prolonged instability in the Strait of Hormuz could threaten Gulf Cooperation Council trade routes and energy exports
Rising oil costs and regional tensions are forcing airlines across Asia to cut costs, raise fares, and rethink operations.
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