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ASEAN Leaders Meet Amidst Energy Crisis, Urge Faster Action
Urgent
Politics·5d agoAI summary

ASEAN Leaders Meet Amidst Energy Crisis, Urge Faster Action

Philippine farmer Dan Rae Hugo faces doubled diesel costs and reduced profits due to the Iran war's impact on global energy prices. Meanwhile, ASEAN leaders convened in Cebu to address the energy shock affecting all 11 member states, agreeing to accelerate an energy security framework and a regional power grid. Philippine President Ferdinand Marcos Jnr stressed the urgent need for these measures, stating they were needed 'yesterday'.

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SCMP Economy
Budding Mother’s Day competition as Hong Kong florists prune prices
NEWS
5/9/2026

Budding Mother’s Day competition as Hong Kong florists prune prices

Competition among Hong Kong florists heated up on the day before Mother’s Day as stores slashed bouquet prices and offered more innovative products, with some vendors reporting weaker business and lower profit margins compared with last year. Despite the wet weather on Saturday, vendors at the Mong Kok Flower Market touted colourful bouquets of carnations, roses and other fresh flowers. The price of a medium-sized bouquet at the market ranged from HK$300 to HK$400 (US$38.32 to US$51.10), at...

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SCMP Economy
UK fuel retailers not guilty of widespread price-gouging, competition watchdog finds
Developing
Business·5/1/2026AI summary

UK fuel retailers not guilty of widespread price-gouging, competition watchdog finds

The Competition and Markets Authority has found no evidence of widespread price-gouging by UK fuel retailers since the US-Israel war with Iran began. Profit margins remained broadly unchanged between February and March, though the CMA is investigating five retailers (two supermarkets and three non-supermarkets) for margin increases. Chief executive Sarah Cardell said the watchdog is investigating why these specific retailers saw increased margins and will report in May.

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BBC Business
UK Competition Watchdog Finds No Evidence of Fuel Price Gouging After Iran War
NEWS
5/1/2026AI summary

UK Competition Watchdog Finds No Evidence of Fuel Price Gouging After Iran War

The Competition and Markets Authority has found no evidence of widespread price-gouging by UK fuel retailers in the weeks after the US-Israel war with Iran began. The CMA said profit margins were broadly unchanged between February and March, though it identified margin increases for two supermarkets and three non-supermarket retailers. Chief executive Sarah Cardell said the watchdog is investigating why and will report further in May.

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BBC Business