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WTO talks stuck over e-commerce moratorium

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For over 25 years, members of the WTO have upheld a rule — no customs duties on electronic transmissions. While India has used it as a bargaining chip at every ministerial meeting. For India, the big win is managing to keep investment facilitation for development out of the WTO framework despite standing alone at the end. It has demanded “guardrails” against using plurilaterals, which are agreements between a select group of member nations. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/vuXfiZz >
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Strait of Hormuz chokehold: What is happening to petrol prices in India and neighbouring nations amid oil supply crunch?

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Global crude markets are strained as Middle East conflict escalates, pushing oil prices up and impacting fuel supplies worldwide. Countries like India, Nepal, Bhutan, Pakistan, Sri Lanka, Myanmar, and Bangladesh are implementing measures such as price adjustments, import increases, and conservation efforts to manage the crisis. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/nAjYp1b >
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Saudi Arabia pumps 7 million bpd via east-west pipeline amid Hormuz disruption

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Saudi Arabia has fully operationalized its East-West pipeline, moving 7 million barrels of oil daily to the Red Sea port of Yanbu. This crucial alternative route aims to maintain export supplies following disruptions to the Strait of Hormuz. While not fully replacing Hormuz volumes, the pipeline's operation is mitigating significant price increases amid escalating regional tensions. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/sZQGnm2 >
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From office desks to dark streets: How the oil crunch is reshaping daily life in different nations

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Global economies reel as Middle East conflict escalates, disrupting oil supplies via the Strait of Hormuz. Nations like Vietnam and India are cutting fuel taxes, while Japan and Germany consider increased coal use. Venezuela faces power cuts, and Pakistan grapples with soaring jet fuel prices. Sri Lanka implements strict fuel rationing, highlighting widespread energy challenges. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/jzGgpMV >
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India opposes China-led IFD pact’s inclusion; flags risks to WTO framework and core principles

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from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/C37PRVr >
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LPG crisis: No respite for restaurants yet

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from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/8wC6Dr7 >
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Steel, auto, chemicals to gain from more LPG flow

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Pankaj Chadha, chairman of engineering exports body EEPC India, said the measure will help steel mills, particularly smaller units, maintain production. “Steel is a key segment of the engineering goods sector, and its shortage could severely impact the production chain. The additional LPG allocation should minimise supply bottlenecks and ensure steady output,” he added. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/uWTwEFQ >
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