India's Cooking Gas Crisis Deepens Amid Hormuz Disruption

Long queues form at gas distributors across India as LPG shortages hit households and businesses. The closure of the Strait of Hormuz has triggered South Asia's worst gas crisis in decades, exposing regional energy vulnerabilities.

Cuba Power Grid Collapse: 10 Million Without Electricity

Cuba's electricity network collapsed this week, leaving nearly 10 million people without power due to an obsolete grid and a US oil blockade. Daily blackouts of up to 20 hours have become the norm, crippling daily life and the tourism sector.

FCA Ends Contactless Limits, Banks to Set Own Rules

The Financial Conduct Authority has removed the £100 contactless spending cap, allowing banks to set their own limits. This change aims to adapt to inflation and technology, though most banks are keeping current limits for now.

Oil Crisis Wealth Transfer: Profits and Solutions

As oil prices soar due to the US-Israeli war on Iran, a new study reveals how wealth is transferred from households to the richest 1%. Experts propose excess profit taxes and price caps to redistribute gains and fund clean energy.

WTO: High Oil Prices Could Stifle AI Boom

The World Trade Organization warns that prolonged high oil prices from the Middle East conflict could 'crimp' the energy-intensive AI boom, threatening global trade growth and food security.

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