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Energy prices for Europe are expected to increase as more petroleum products and crude tankers are diverting away from the Rea Sea and Suez Canal. Longer trips for the Middle-Eastern barrels that replaced Russian flows to Europe introduce supply issues, and this is leading to a "sea change" in commodity purchases by Europe, and a boost for Atlantic Basin crude suppliers including the U.S. and Brazil.
Asia’s manufacturing supply chains for spare parts, such as electronic goods and automobiles, to manufacturers in Europe are being threatened by the dislocation in the shipping route on the Red Sea, which has been ongoing since late December, said Cedomir Nestorovic, professor of geopolitics at Singapore’s ESSEC Business School Asia-Pacific.
Young Rohingya women forced to endure inhumane conditions in Bangladesh’s refugee camps are not only at risk of being trafficked to countries like India, they also face being detained there indefinitely for “violating immigration laws”.
Crowds of devotees lined up outside the newly inaugurated Ram temple in Ayodhya in India, which opened to the public after being inaugurated by Prime Minister Narendra Modi.
Indian PM Narendra Modi’s BJP fulfils decades-long promise to build temple on the site of a former mosque.
COLOMBO, Sri Lanka (AP) — The Maldives government said Tuesday that it had given clearance to a Chinese ship to dock in its port, a move that could further irk India with whom the tiny archipelago nation is involved in a diplomatic spat.
Shares of India's Zee Entertainment fell 31% on Tuesday after a division of Japanese tech giant Sony scrapped plans for a merger.
