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Economy Mar 27, 2026

India Cuts Fuel Taxes to Shield Consumers from Rising Global Energy Prices

India reduces fuel taxes to protect consumers from rising global energy prices caused by the US-Isr…
India has taken a significant step to shield its consumers from the impact of rising global energy prices, slashing fuel taxes in the face of increasing tensions between the United States, Israel, and Iran. The move aims to prevent a sharp increase in fuel prices that could have been triggered by the crisis.Petroleum Minister Hardeep Singh Puri announced on Friday that the government had decided to reduce petrol duties from 13 rupees ($0.14) per litre to 3 rupees ($0.032) per litre. Additionally, the 10-rupee (0.11) per litre duty on diesel has been completely removed, effective immediately.The decision comes as oil prices have surged past $100 per barrel following Iran's near-closure of the Strait of Hormuz after Israel and the US launched attacks on February 28. India, being the world's third-largest crude importer, relies heavily on this passageway for its crude oil supply, with about 40 percent of its crude coming through the Strait of Hormuz.Despite concerns about potential shortages, authorities have assured that there is no shortage of crude and that current reserves will cover 74 days. The government also moved to quash rumours of an impending lockdown, with Minister Puri stating that such claims are 'completely false' and that India is 'resilient.'The impact of the tax cuts on pump prices for ordinary consumers remains uncertain. Analysts suggest that oil companies previously selling at a loss are likely to benefit from the tax reductions. According to economist Madhavi Arora from Emkay Global, the annualised fiscal hit from these cuts is estimated at nearly 1.55 trillion rupees ($16.3bn).In a related move, finance authorities have reimposed export taxes on diesel and aviation fuel, raising them to 21.5 rupees ($0.23) and 29.5 ($0.31) rupees per litre respectively. This comes after the taxes were previously scrapped in 2024.
#India #Petrol duty #Diesel duty
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News Mar 27, 2026

Israel's Opposition Leader Slams Government's 'Multi-Front War Without Strategy'

Israel's opposition leader Yair Lapid criticizes the government's handling of the war with Iran and…
Israel's main opposition leader Yair Lapid has issued a stern warning that the ongoing war with Iran and Hezbollah in Lebanon is taking a devastating toll on the country. In a video address, Lapid accused the government of recklessly pushing the military into a 'multi-front war without a strategy, without the necessary means, and with far too few soldiers.'Lapid's comments echo concerns raised by military chief Eyal Zamir, who reportedly warned of the military being 'stretched to the limit and beyond' in a security cabinet meeting. This criticism comes as Israel's military continues its operations in Lebanon, with plans to establish a buffer zone up to the Litani River, about 30km from the border.The conflict has already resulted in significant casualties, with almost 2,000 people killed in US-Israeli attacks on Iran since February 28, and at least 19 people killed and over 5,229 wounded in Iranian attacks in Israel. The situation in the Gaza Strip remains dire, with Israeli forces continuing near-daily attacks, killing more than 700 Palestinians since October 2025.Lapid, a centrist figure in Israeli politics, has consistently criticized the government's handling of the war while supporting Israel's military campaigns in Gaza, Iran, Lebanon, and elsewhere. He has also expressed support for Israeli expansion as far as Iraq, citing Zionist and biblical foundations.The international community is watching closely, with Lebanon planning to complain to the United Nations Security Council over Israeli attacks, which it views as a threat to its sovereignty. As the conflict escalates, many analysts and politicians, especially in the Israeli opposition, question the effectiveness of the current government's strategy.
#israel #iran #hezbollah
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Politics Mar 27, 2026

Iranian Mother's UN Plea After Deadly US Missile Attack on Girls' School

Iranian mother Mohaddeseh Fallahat addressed the UN Human Rights Council about the deaths of her tw…
Mohaddeseh Fallahat recalled the ordinary morning of February 28 when she prepared her children for school, never imagining it would be the last time she would see them alive. That simple morning routine now haunts her as she struggles to cope with the devastating loss of her two children.Speaking through tears to the United Nations Human Rights Council in Geneva via videolink, Fallahat described the unbearable pain of sending her children off with a smile, only to be met with silence. "My heart burns with pain," she shared, as the memory of their final words—"Mum, come pick us up after school"—repeats endlessly in her mind.Her children were among more than 170 people killed when United States Tomahawk missiles struck the Shajareh Tayyebeh Girls' School in Minab, southern Iran, during the initial hours of the US-Israeli assault. The majority of victims were schoolgirls, marking one of the deadliest attacks on educational facilities in recent memory.Iran's Foreign Minister Abbas Araghchi addressed the council with strong condemnation, asserting that the attack was no mere miscalculation. "No one can believe that the attack on the school was anything other than deliberate and intentional," he stated, pointing to the advanced precision technologies claimed by American and Israeli forces.Araghchi accused the US and Israel of "slaughtering [victims] in cold blood" and committing "the worst humanitarian crimes with impunity." He called on UN member states to denounce what he described as a "blatantly unjustified" war on Iran, warning that indifference would bring no lasting security or peace.UN special rapporteur on the right to education, Farida Shaheed, presented evidence suggesting the school was "each struck individually by precision munition," indicating intentional targeting. However, ongoing investigations suggest the attack may have resulted from "outdated intelligence" used by the US military.Shaheed emphasized that "the killing of children can never, ever be justified" and highlighted the broader impact on education in Iran, where more than 600 schools and education facilities have been destroyed or severely damaged by US-Israeli attacks, with at least 230 children and teachers confirmed dead.UN Human Rights chief Volker Turk reinforced that targeting schools constitutes a grave violation of international law, stating: "Whatever differences countries have, we can all agree they will not be solved by killing schoolchildren."
#Mohaddeseh Fallahat #UN Human Rights Council #US missile attack
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News Mar 27, 2026

Costa Rica Agrees to Accept 25 Deportees Per Week from US

Costa Rica has agreed to accept 25 migrants deported from the US per week as part of President Trum…
Costa Rica has announced that it will accept 25 migrants deported from the United States per week as part of an agreement to assist with President Donald Trump's policy of deporting immigrants to 'third countries'.The Central American nation joins a growing number of countries across Africa and the Americas that have signed contentious, often secretive agreements with the US to accept deportees from other countries.In many cases, critics say migrants who previously hoped to seek asylum in the US are left in a legal 'black hole' in foreign countries where they don't speak the language.Countries that have agreed to receive third-party migrants include South Sudan, Honduras, Rwanda, Guyana and several Caribbean islands like Dominica and St Kitts and Nevis.'Costa Rica is prepared to see this flow of people,' said Costa Rican Public Security Minister Mario Zamora Cordero in a video statement on Thursday.Costa Rica's government signed the pact on Monday during a visit from US special envoy Kristi Noem, who was recently named to oversee the so-called 'Shield of the Americas'.Noem, who was fired earlier this month from her role as secretary of Homeland Security, has been travelling through Latin America, with recent stops in Guyana and Ecuador.The Trump administration has spent at least $40m to deport about 300 migrants to countries other than their own, according to a February report by the Democratic staff of the Senate Foreign Relations Committee.
#costa #countries #rica
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World Economy Mar 27, 2026

UK Car Production Plummets 17% as Industry Warns of 'Worrying' Decline

UK car production fell 17% in February 2026 compared to the same period in 2025, with exports dropp…
UK car production experienced a significant decline in February 2026, with 17% fewer cars rolling off production lines compared to the same period in 2025. According to the Society of Motor Manufacturers and Traders (SMMT), this downturn is attributed to a sharp drop in exports, which fell by 12% overall.The industry is sounding the alarm, describing the situation as 'extremely worrying.' Mike Hawes, chief executive of the SMMT, emphasized that these figures pre-date the crisis in the Middle East, which is expected to further strain the sector. The ongoing conflict has led to soaring global energy prices, potentially denting consumer demand and exacerbating the decline.UK carmakers are facing challenges in key markets, including China, where demand has cratered due to the rise of domestically made competitors. Additionally, US tariffs imposed by Donald Trump have put pressure on UK manufacturers. Exports to the EU did see a 5% increase, but this was offset by a 34% decline in exports to the US and a 66% plunge in exports to China.The production of battery-electric, plug-in hybrid, and hybrid cars also experienced a decline, falling by 3% to 26,629 units. Despite this, these vehicles accounted for 40% of total output.The industry's current challenges stand in stark contrast to the UK government's ambitions, as outlined by Labour, to have 1.3 million vehicles manufactured annually by 2035. This target is nearly double the 764,715 cars and vans produced in 2025.The SMMT has warned that if the UK is not fully included in the EU's proposed 'Made in Europe' manufacturing rules, European sales could take a hit. The Japanese carmaker Nissan has threatened to close its Sunderland plant if these rules are introduced, citing potential damage to the £70 billion-a-year cross-channel trade.
#production #made #industry
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World Mar 27, 2026

US and Israel Expect Iran Operation to Conclude in Weeks

The US expects its military operation against Iran to conclude in 'weeks, not months', according to…
The US and Israel are intensifying their military campaign against Iran, with Senator Marco Rubio stating that the operation is expected to conclude in 'weeks, not months'. The conflict escalated with a surprise strike on 28 February that killed Iran's supreme leader, Ali Khamenei.Despite Iran's defiance and denial of negotiations, the US and Israel continue to target Iran's nuclear facilities and military sites. Israel's defence minister, Israel Katz, warned that attacks against Iran will 'escalate and expand' to additional targets and areas that assist the regime in building and operating weapons against Israeli citizens.The conflict has significant economic implications, with the Strait of Hormuz, a strategic waterway through which a fifth of the world's oil is usually shipped, being a key point of contention. The US has ordered thousands of marines and elite airborne troops to the region, possibly in preparation for a military effort to forcibly reopen the waterway.Iran has threatened to attack Saudi Arabia's Red Sea port of Yanbu and the Fujairah oil complex in the United Arab Emirates if a ground invasion takes place. The US president, Donald Trump, has issued an ultimatum to Iran, demanding that it allow free passage of shipping through the strait by 6 April or face the destruction of its energy plants.The conflict has resulted in significant casualties, with over 1,900 people killed and 20,000 injured in Iran, and 19 people killed in Israel. The humanitarian crisis in Lebanon has worsened, with a fifth of the population displaced and nearly 1,100 people killed.The G7 foreign ministers have reiterated the need for safe and toll-free freedom of navigation in the Strait of Hormuz and called for an immediate cessation of attacks against civilians and civilian infrastructure.
#iran #israel #not
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World Economy Mar 27, 2026

Five Guys CEO Gives $1.5m Bonus to Employees After Chaotic Promotion

Five Guys CEO Jerry Murrell gave a $1.5m bonus to employees after a chaotic buy-one-get-one-free pr…
Five Guys' chief executive officer, Jerry Murrell, revealed that he gave a $1.5m bonus to employees of his US-based burger restaurant chain to make up for the chaos caused by a recent promotion. The buy-one-get-one-free offer, which was intended to celebrate the company's 40th anniversary, proved to be much more popular than expected, causing the chain's app to crash and many locations to become overwhelmed.Murrell stated that he gave the bonus because "I didn't want anybody shooting me in the back or anything … because we really screwed it up." The comment was made in an interview with Fortune, where he also joked that he preferred the employees receiving the bonus over his wife getting "a new fur coat."The promotion, which was launched in February, was initially met with intense criticism on social media, prompting Five Guys to apologize and restart the offer for four days. Murrell attributed the chaos to the company's underestimation of the promotion's popularity, stating that "we had no idea that we were going to get that kind of response."Five Guys currently operates 1,900 locations and employs 30,000 people in 28 countries worldwide. The company's CEO since its founding in 1986, Murrell has taken steps to address the backlash and improve customer satisfaction.
#murrell #five #guys
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Business Mar 27, 2026

Asda Warns of Temporary Petrol Shortages Amid Middle East Conflict

Asda's executive chair warns of temporary petrol shortages at some pumps due to high demand and sup…
The boss of Asda, the UK's second-largest fuel retailer, has warned of temporary shortages at petrol pumps due to the ongoing conflict in the Middle East. Allan Leighton, executive chair of Asda, stated that the company has been experiencing high demand from drivers as fuel prices have surged over the past four weeks.Leighton emphasized that the temporary shortages have only affected the odd pump at a small number of Asda's petrol forecourts, typically when customers arrive at a time the retailer is waiting for a fuel delivery. He added that these shortages are temporary and addressed quickly.Petrol and diesel prices have climbed significantly since the US and Israel began their campaign against Iran on 28 February. The average price of petrol in the UK rose above 150p a litre for the first time since May 2024, reaching 150.11p, according to the RAC. Diesel prices have also increased, averaging 177.68p a litre.Leighton rejected claims that fuel retailers might be 'profiteering' from the crisis by raising their prices, stating that Asda's profit margin is coming under pressure from higher fuel costs. He also noted that the government is benefiting from the situation through increased tax revenue.The global price of oil has moved higher again, climbing 2.5% to almost $111 a barrel. This increase is likely to keep petrol and diesel prices higher in the coming weeks, affecting motorists during the Easter weekend.
#Asda #petrol #Middle East conflict
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Sports Mar 27, 2026

Tiger Woods Involved in Florida Rollover Crash

Golf star Tiger Woods was involved in a rollover crash in Florida on Friday afternoon. The Martin c…
Golf legend Tiger Woods was involved in a rollover crash in Florida on Friday afternoon, according to a report by ABC News, citing the local sheriff's office.The incident occurred in Martin County, with local CBS affiliate WPEC reporting that the crash involved two vehicles, one of which rolled over. Fortunately, fire rescue officials confirmed that there were no injuries, with one person reported in stable condition and another declining medical treatment.Sheriff John Budensiek is expected to hold a press conference to provide further details about the cause of the crash and Woods's condition. This development comes as Woods has been dealing with ongoing fitness concerns and a limited golf schedule in recent years, following a serious car crash in February 2021 that left him with significant leg injuries.The 50-year-old golf icon, an 82-time PGA Tour winner and 15-time major champion, has not appeared in an official tournament since July 2024. His participation in upcoming events, including the US Senior Open and the Masters at Augusta National Golf Club, remains uncertain.This is a developing story.
#Tiger Woods #Martin County Sheriff's Office #Florida rollover crash
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