Risks to the global economy have worsened as the conflict in the Middle East drags on, OECD Secretary General Mathias Cormann said on the sidelines of a Group of Seven meeting.

Germany launched the privatization of energy provider Uniper SE, opening the door to what could become Europe’s biggest utility deal this year.

Three of Asia’s most vulnerable economies are showing rising strains as their central banks come under pressure to tighten policy even as the economic hit from the Iran-war oil shock deepens.

Kenya cut diesel prices after deadly protests over surging fuel costs, seeking to ease pressure on transport operators and households as unrest over the rising cost of living intensifies.

Singapore stocks climbed to a record as investors sought defensive havens during volatility sparked by the Iran war.

UK employers slashed jobs by the most since the start of the pandemic in April, suggesting demand for workers is weakening as the Iran war pushes up energy costs and saps business confidence.

Thailand’s government is pushing ahead with a controversial 400 billion baht ($12 billion) emergency borrowing plan despite a court challenge that threatens to complicate its response to surging energy costs and slowing economic growth.

Gains in energy efficiency aren’t enough to offset the impact of new construction as built-up areas expand.

Japanese Prime Minister Sanae Takaichi and South Korean President Lee Jae Myung are meeting Tuesday, seeking stronger economic ties amid increasing geopolitical uncertainty set off by the war in Iran and shifting dynamics between the US and China.

India’s central bank may transfer a record surplus of nearly 3 trillion rupees ($31.2 billion) this week to the government, economists estimated, providing Asia’s third-largest economy a vital buffer as the Iran war escalates energy prices.