Europe is preparing an emergency response to a sharp rise in fertiliser costs, as the European Commission readies a package of measures aimed at easing pressure on farmers after disruption in the Strait of Hormuz choked supplies of key ingredients. Among the steps under consideration is liquidity support for farmers, alongside more flexible advance payments under the Common Agriculture Policy (CAP), allowing them to cover bank loans and meet debts owed to fertiliser suppliers, according to a draft Fertiliser Action Plan seen…

Wednesday April 29, 2026 Halimo stands at a dry water point in Somalia. Photo: CARE International Mogadishu (AX) — The war raging in the Middle East is now feeding another emergency far from the battlefield: Somalia’s hunger crisis is getting worse. Aid agencies and officials say the conflict is pushing up fuel and food prices, disrupting humanitarian supply lines, and deepening acute malnutrition among children. For pastoralist families, the first blow is being felt at the water point. Diesel prices are climbing, making…

Lufthansa is trimming 20,000 short-haul flights from its schedule through October as the carrier moves to blunt the impact of soaring jet fuel costs. The airline said the reduction amounts to less than 1% of total capacity across the group. According to Lufthansa, the cuts will save roughly 40,000 metric tons of jet fuel, whose price has doubled since the outbreak of the Iran conflict. The company said the revised timetable is aimed at reducing the number of loss-making short-haul services across the Lufthansa Group…

With energy costs climbing again, Europe is being urged not to repeat the expensive policy mistakes made during the 2022 crisis. European Economic Commissioner Valdis Dombrovskis said governments should make sure any support for households and businesses is tightly targeted and comes with a clear end-date. Speaking at the International Monetary Fund, Mr Dombrovskis said efforts to blunt the impact of rising prices linked to the closure of the Strait of Hormuz, following the US-Israeli war on Iran, must not end up encouraging…

President Netumbo Nandi-Ndaitwah’s move to appoint seven new deputy ministers has drawn swift criticism from political analysts and opposition figures, who argue the decision will meaningfully inflate government spending. They describe the plan as poorly conceived, saying it places fresh strain on the national budget. Each of the seven deputies will earn N$65 000 a month — N$780 000 a year — adding nearly N$1.7 million annually to the wage bill for public office bearers. Critics also questioned whether the appointees can…

Thursday March 26, 2026 Hargeisa (AX) — Drivers and businesses across North Western State of Somalia are facing fresh fuel price hikes after authorities on Wednesday rolled out new official pump rates, pointing to surging global oil prices and tighter supply conditions. The revised pricing sets gasoline at 12,500 North Western State of Somalia shillings per liter, while diesel will sell for 10,500 North Western State of Somalia shillings per liter. Officials said the new rates were agreed after consultations involving the…

Soaring oil and gas prices linked to the war in Iran are rippling through global markets, piling pressure on governments to shield households from the fallout. The Government says it is preparing an “appropriate intervention” to curb rising fuel costs, with measures due to be finalised at the next Cabinet meeting on Tuesday. How are other nations stepping in to support families and businesses? Here’s a snapshot from across Europe. On Monday, UK Prime Minister Keir Starmer unveiled a £53 million (€61m) package for…

Oil prices leap past $100 as Iran conflict chokes Hormuz, stoking global food inflation risk LONDON — Oil prices surged above $100 a barrel this week, the highest since Russia’s 2022 invasion of Ukraine, as escalating conflict involving U.S.-Israeli forces and Iran on Feb. 28 rattled energy markets and raised the specter of renewed food inflation worldwide. The Strait of Hormuz — the narrow chokepoint between the Persian Gulf and the Gulf of Oman through which roughly 20% of global oil supply moves — has seen marine traffic…

Strait of Hormuz disruption sends tanker and LNG shipping rates to records as U.S.-Iran tensions spike Global oil and gas shipping costs surged to fresh records as traffic through the Strait of Hormuz slowed to a near standstill after Tehran targeted vessels transiting the key waterway, according to shipping data and industry sources. The choke point between Iran and Oman carries roughly one-fifth of the world’s oil and significant volumes of liquefied natural gas. The strikes on ships, part of Iran’s retaliation to U.S. and…

Gaza’s Reconstruction, Between Vision and Reality: Why Rebuilding Will Take Decades Mountains of rubble, thousands of unexploded munitions and a gutted web of water, sewage and power lines define Gaza’s landscape today. More than 80% of structures are damaged or destroyed, according to United Nations assessments, and the price tag to rebuild runs to more than $70 billion over several decades. Against that backdrop, a glossy vision of a “New Gaza” rising in three years—skyscrapers, beach tourism and data centers—has landed…