Economy

Prof. Schlevogt’s Compass No. 52: High time to say comeback

By returning to Russia now, foreign companies can regain lost ground ahead of competitors – time for Truth and Reconciliation 2.0

IMF warns of lasting economic damage from the war in the Middle East

The global economy faces slower growth due to supply disruptions caused by the conflict in the Middle East, IMF managing director Kristalina Georgieva has said

EU boosts Russian LNG imports despite phaseout plans

Europe ramps up Russian LNG purchases in 2026, taking nearly all Yamal shipments despite planned ban.

Energy crisis will last for months

Energy markets will take months to stabilize even if the Strait of Hormuz reopens, Kirill Dmitriev warns as airlines confirm a long recovery

China overtakes US as India’s top trading partner

China has reclaimed the top spot in India’s trade rankings for FY2026 with $137 billion in bilateral trade, surpassing the US amid shifting global tariff landscapes

Zimbabwe tightens lithium exports with quotas and local processing conditions

Zimbabwe says it will impose lithium export quotas and require local processing commitments before suspended shipments can resume

Madagascar declares energy emergency as Iran war disrupts fuel supply

Madagascar has declared a 15-day energy emergency in response to fuel shortages and disrupted electricity generation across the island caused by the Middle East conflict

South Africa on alert for shipping route changes amid Middle East conflict

South Africa says it is prepared for the possible rerouting of vessels along the Cape sea route as conflict in the Middle East disrupts shipping

ExxonMobil and Chevron have reported an output drop amid Iran war disruption

ExxonMobil and Chevron have disclosed production declines and lower earnings as the Iran war disrupts energy supplies and drives oil price volatility

Mexico considers fracking to cut reliance on US gas

Mexico is looking for domestic sources of gas as the Middle East conflict disrupts markets and pushes energy prices higher

The Iran war exposes what the EU won’t admit

The supply shock brought on by the conflict is teaching Brussels a vital lesson – one it will have to learn sooner or later

JAL to consider resumption of flights to Russia when conditions will be in place

Japan Airlines said it suspended operations because the aviation insurance industry had stopped underwriting insurance for flights to Russia due to economic sanctions