EU warns capitals against turning energy crunch into fiscal crisis and urges governments to avoid excessive support to offset surging energy prices, according to FT
The EU's warning against excessive fiscal support amid the energy crisis signals a cautious approach to managing economic strain without exacerbating debt levels.
Pakistan and Egypt are facilitating communications between Iran and the US, with Trump envoys Witkoff and Kushner in Iran negotiations, according to a source cited by CNN
Europe and China are launching a joint space mission to study how Earth’s magnetic field protects against harmful solar radiation
EU warns capitals against turning energy crunch into fiscal crisis and urges governments to avoid excessive support to offset surging energy prices, according to FT
BoE is reportedly divided on how to address energy-induced inflation and divisions are likely to reopen later this month over how aggressive it needs to be in tackling the impact of the Iran war, according to FT
Iranian media reports dozens of successive explosions in the city of Karaj, according to Sky News Arabia
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This could influence market sentiment across risk assets, as countries weigh targeted support against the backdrop of rising energy costs. Investors should watch for potential shifts in fiscal policies and their implications for broader economic stability in the region.
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