Bangladesh has increased fuel prices for the second time in just six weeks, reflecting ongoing financial stress linked to global energy disruptions and rising import costs driven by geopolitical tensions in the Middle East. The government, which relies on imports for around 95 percent of its fuel supply—mostly sourced from the Middle East—adjusted prices in […]
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Sri Lanka is set to increase electricity tariffs by as much as 18 percent starting Monday, as the country struggles with rising energy generation costs linked to the ongoing conflict in the Middle East. According to the Public Utilities Commission, the new tariff revision will mainly affect high-consumption users, including industries, hotels, businesses, government institutions, […]
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The head of the US central bank, Jerome Powell, said the economic impact of the recent surge in energy prices appears manageable for now. However, he cautioned that the situation could become more serious if people and businesses begin to expect inflation to stay high for a longer period. Speaking during an event at Harvard […]
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