Southeast Asian energy costs could triple by 2035, IEA warns IEA warns Southeast Asian energy costs could surge toward $245bn by 2035 without faster diversification; report urges renewables, nuclear and …
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Business
DIW warns of temporary recession in Germany as Iran war drives energy shock
by Leo Müllerby Leo MüllerDIW Predicts Temporary Recession in Germany as Energy Prices Rise Germany faces a short-lived downturn, DIW warns, after energy-price impacts linked to the Iran conflict. The DIW recession warning says …
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World
Indonesia’s rupiah plunges to record low, breaches 18,000 amid energy shock
by anna walterby anna walterIndonesia’s rupiah plunges past 18,000 as energy shock tightens FX market Indonesia’s rupiah hit a record low, breaching 18,000 against the US dollar as surging energy costs and a collapsing …
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Business
German import prices jump 5.3% in April amid Iran war energy shock
by Leo Müllerby Leo MüllerGerman import prices jump 5.3% in April as Iran conflict fuels energy costs German import prices rose 5.3% year‑on‑year in April, driven by soaring oil, kerosene and gasoline after the …
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Business
EU Commission halves Germany 2026 growth forecast to 0.6% over energy shock
by Leo Müllerby Leo MüllerEU Commission halves Germany growth forecast to 0.6% amid energy price shock EU Commission cuts Germany’s 2026 GDP growth forecast to 0.6%, citing high energy prices after Iran conflict; EU …
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German producer prices surge in April as Iran-linked oil shock drives costs German producer prices rose 1.7% year‑on‑year in April as an Iran-related oil shock pushed energy and input costs …
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Business
German government expects sharp Q2 slowdown amid Iran war energy shock
by Leo Müllerby Leo MüllerGerman economy faces sharp second-quarter slowdown as Iran conflict lifts energy costs German economy set for sharp second-quarter slowdown as Iran conflict raises energy and commodity prices; government considers relief …
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Business
Covestro warns Iran war energy shock threatens German chemical competitiveness
by Leo Müllerby Leo MüllerCovestro warns of deepening supply shocks as oil nears $100 and Europe faces industry strain Covestro warns of supply shocks after Iran conflict as oil nears $100; CEO Steilemann details …
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Business
Germany’s wage talks stall as Verdi demands 7% amid inflation shock
by Leo Müllerby Leo MüllerGerman wage negotiations face renewed pressure as energy costs reignite inflationary risks Germany wage negotiations are under strain after a fresh surge in energy prices has fueled higher demands from …
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Business
China’s economy outperforms forecasts with 5.0% Q1 growth amid energy shock
by Leo Müllerby Leo MüllerChina GDP growth beats forecasts with 5.0% rise in Q1 2026 amid oil shock China GDP growth surprised markets with a 5.0% year-on-year increase in Q1 2026, exceeding analyst forecasts …