US small business owners report declining optimism due to rising fuel prices, inflation, and economic uncertainty. Many struggle with higher costs, labor shortages, and reduced consumer demand, impacting their ability to operate and plan for the future.
Congress president Mallikarjun Kharge accused PM Modi of "destroying" India and US President Donald Trump of "destroying" the world, linking them to hardships faced by people. He also criticized the BJP on inflation, unemployment, the NEET exam controversy, and alleged financial irregularities in Ram Temple donations.
India has waived excise duty on E22, E25, E27, and E30 ethanol-petrol blends to promote ethanol usage. This move supports the government's plan to establish 500 ethanol fuel stations by 2026, amid rising fuel prices due to the Middle East crisis.
Rising fuel costs are driving a surge in electric car sales in France, particularly in the used market. Consumers are seeking significant savings on monthly expenses, with some reporting savings of up to 150 euros per month.
India faces rising fuel prices, with petrol and diesel up Rs 7.5/litre since May 15. Crisil predicts this will increase transport and manufacturing costs, potentially leading to higher consumer inflation, especially for food. GST cuts offer some relief, but elevated energy costs remain a concern.
President Trump unveiled plans for a controversial White House ballroom, highlighting a large excavation site. He claimed personal financing for the project, despite ongoing Senate discussions for a $1 billion appropriation, and contrasted it with security funding for an underground complex.
Gig and platform workers in India will strike Saturday from 12-5 PM to protest rising fuel prices and low pay. The GIPSWU union calls for a shutdown, citing increased costs making it hard to earn enough despite long hours.
Air India suspends or reduces frequencies on 29 international routes (June-Aug 2026) due to West Asia conflict, high jet fuel prices, and airspace restrictions, impacting routes across North America, Europe, Australia, and Asia.
Air India suspends or reduces frequencies on 29 international routes (June-August 2026) due to West Asia conflict, high jet fuel prices, and airspace restrictions, while maintaining over 1,200 monthly international flights across five continents.
Firms raising prices at fastest rate in three years, driven by soaring energy and wage bills but also extra cost of metals and plasticsBusiness live – latest updatesOil prices fall as Trump hails ‘progress’ on Iran dealAirlines and other companies are increasingly using fuel surcharges to cover soaring costs, a survey has found, in a further sign of Iran war-linked inflation hitting the economy.A poll of companies in the services sector, which includes airlines, found rising fuel prices had contributed to businesses raising prices at the fastest pace in more than three years in April. Continue reading...
Firms raising prices at fastest rate in three years, driven by soaring energy and wage bills but also extra materials costsBusiness live – latest updatesOil prices fall as Trump hails ‘progress’ on Iran dealAirlines and other companies are increasingly using fuel surcharges to cover soaring costs, a survey has found, in a further sign of Iran war-linked inflation hitting the economy.A poll of companies in the services sector, which includes airlines, found rising fuel prices had contributed to businesses raising prices at the fastest pace in more than three years in April. Continue reading...
Rise in bond yields due to fuel prices and stability concerns will eat away at Rachel Reeves’s fiscal headroomBusiness live – latest updatesThe UK government’s long-term borrowing costs have hit their highest level since 1998, amid rising fuel prices and concerns about political stability.The yield – effectively the interest rate – on 30-year UK government bonds (gilts) hit 5.76% at lunchtime on Tuesday, up 0.11 percentage points – exceeding the 27-year high reached last autumn. Continue reading...
