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Jones Act: White House mulls suspending ‘Jones Act’ to curb soaring oil prices amid Iran conflict – key maritime law explained

Amid the rising oil prices as the Iran conflict continues to escalate, the Trump administration is considering the idea of suspending a key maritime law that requires American ships be used to transport between US ports.“In the interest of national defense, the White House is considering waiving the Jones Act for a limited period of…

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Airlines hike fares as Middle East conflict sends fuel costs soaring

Oil markets are experiencing sharp volatility as traders try to interpret conflicting signals about the impact of the escalating United States-Israel war with Iran on global energy supplies, with the turbulence already rippling through the aviation industry.Airlines across Asia and the Pacific are raising ticket prices and introducing or increasing fuel surcharges as jet fuel…

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Qatar state‑run QatarEnergy halts LNG production after Iran drone attacks, sends European gas prices soaring

Qatar’s state-owned energy giant, QatarEnergy, announced on Monday that it had suspended liquefied natural gas (LNG) production following Iranian drone attacks on two of its key processing facilities. The halt affects operations at Ras Laffan Industrial City, the world’s largest LNG complex, and Mesaieed Industrial City, both critical hubs for the Gulf state’s gas output.Qatar’s…

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Which GenAI courses became India’s top choice in 2025 amid soaring AI demand?

India witnessed a significant surge in GenAI learning in 2025 as professionals, students, and working learners sought to upgrade skills in AI-driven roles. With emerging AI technologies reshaping workplaces, interest in structured GenAI courses grew rapidly across the country.Coursera reported more than 3.6 million GenAI enrolments in India in 2025, marking the highest number globally….

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‘Happy to localise’: Chinese giant mulls India battery plant; Envision plans $34 million output amid soaring storage needs

China’s Envision Group is exploring the possibility of setting up a battery manufacturing plant in India, looking to tap into the country’s rapid push to modernise its grid and integrate more renewable energy.According to Bloomberg, Suman Nag, Envision’s global head for contracts, said the company is evaluating a 5 GWh-a-year, $34 million facility, which would…

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Why are tomato prices soaring? Retail prices shoot up 50% in a fortnight – here’s what’s driving the rise

As per retail price statistics from the Ministry of Consumer Affairs, the national average retail prices rose by 27% between October 19 and November 19. (AI image) Tomato prices have skyrocketed! Even as retail inflation hits a record low, tomato prices have soared anywhere between 25% to 100% in the last month. The cost of…

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Scott Bessent grilled after giving wild reason for soaring beef prices in US: ‘Cows climbing over Trump’s wall’

Scott Bessent stirred a row after claiming that soaring beef prices in US are not linked to economic policies but to an alleged “invasion of cows” across the southern US border.The Treasury Secretary laid out his theory during a Sunday interview with Maria Bartiromo on Fox News. Bartiromo asked about the rising cost of meat…

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‘Illicit collusion, price fixing’: Donald Trump orders probe over soaring US beef costs; DOJ launches antitrust investigation

File photo: US President Donald Trump (Picture credit: AP) US President Donald Trump has directed the justice department to investigate major meatpacking companies for alleged collusion and price manipulation amid record-high beef prices. In a post on Truth Social, Trump accused meat firms of “driving up the price of beef through illicit collusion, price fixing,…

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