Conflict

A new Ifop-Fiducial survey shows 82 percent of very small business leaders are concerned about the impact of the war in Iran and other global crises on their operations.

May 09, 2026 Reported by AI

Russian President Vladimir Putin and Ukrainian President Volodymyr Zelensky reached an agreement for a three-day truce starting May 9, 2026. The deal includes a prisoner exchange but is heavily restricted in scope by Ukraine.

Despite plummeting tourism due to the US-Israel-Iran conflict, Dubai's local residents are maintaining strong demand for luxury goods. Queues formed at Chanel in Dubai Mall last weekend for Matthieu Blazy’s new collection, with items selling out quickly. Experts highlight the city's resilient consumer base of high-net-worth individuals.

March 28, 2026 Reported by AI

In a joint statement, Egypt's House of Representatives and Senate condemned Iranian attacks on Gulf states and Jordan as violations of sovereignty amid ongoing Iran-Israel escalation, expressing solidarity and warning of economic fallout. This follows earlier condemnations of strikes on energy sites in Qatar and Saudi Arabia.

As the Iran-Israel war enters its third week, India faces acute liquefied petroleum gas (LPG) shortages, prompting hoarding crackdowns and panic buying. Government officials assure sufficient stocks, but reports from various states highlight supply chain disruptions. Brent crude prices have surged to $103.14 per barrel, intensifying the crisis.

March 12, 2026 Reported by AI

The Bureau of Immigration announced on Friday, March 13, visa relief for foreign nationals whose flights were canceled due to ongoing tensions in the Middle East. This allows those whose visas expired on February 28 to remain in the Philippines until April 1, 2026, without fees or penalties. BI chief Frederick Vida described it as the government's way to offer support during global socio-economic and political upheavals.