Economy

Volkswagen to slash 50,000 jobs in Germany

Volkswagen has said it will cut 50,000 jobs in Germany by 2030 amid plunging profits, high energy costs and US tariffs

India to supply diesel to Bangladesh amid Middle East conflict

Bangladesh has had to resort to fuel rationing since Sunday, as limited supplies have triggered a shortage

Gulf oil production could stop in weeks

The US and Israel's conflict with Iran could lead to a halt in Gulf oil production, Russian President Vladimir Putin has said

Oil over $100 a barrel ‘very small price to pay’ for Iran war

The spike in oil prices will not deter America in its war against Iran, US President Donald Trump has said

The Iran war has triggered a puzzling market trend

Gold is being sold to meet margin calls amid the market turbulence

Iran war exposes EU blunder in sanctioning Russia

The Iran war and rising oil prices show that the EU made a mistake by sanctioning Russian energy, Kirill Dmitriev has said