All 40 Victims of Crans-Montana Bar Fire Identified
Swiss police have confirmed that all 40 victims of the New Year’s Eve fire at a bar in the mountain resort of Crans-Montana have now been identified...
Iran has rolled out changes to how fuel is priced at the pump. The move is aimed at managing demand without triggering public anger.
Iran has introduced a new three-tier pricing system for subsidized gasoline, marking the country’s first fuel price adjustment since 2019. Under the revised scheme, which took effect on Saturday, motorists can purchase up to 60 litres per month at the lowest subsidized rate. An additional 100 litres is available at a higher price, while any fuel beyond 160 litres is charged at a new top rate. Authorities say the measure is aimed at curbing rising fuel consumption amid a weak currency and ongoing economic sanctions.
Despite the changes, gasoline prices in Iran remain among the lowest in the world. Officials have approached the adjustment cautiously, mindful of the 2019 fuel price hike that triggered nationwide protests and a deadly crackdown.
Reactions on the streets of Tehran were mixed but largely calm. Taxi driver Majid Ebrahimi expressed frustration with the government’s focus on fuel prices, saying it would be better to control the rising costs of other goods such as dairy, which “go up five or six times a year,” rather than fuel. Meanwhile, a motorcycle driver welcomed the change, noting that “fuel was very cheap in Iran, and it is the right way to start with these three rates,” calling the move the right choice.
Officials say the new system is designed to ease economic pressure while managing fuel demand, without sparking public anger or repeating the unrest of the past.
Turkish President Recep Tayyip Erdoğan has warned that the Russia-Ukraine war is now threatening trade in the Black Sea.
Teenagers as young as 14 and 15 years old were among those who died in the bar fire on New Year's Eve that killed 40 people in Switzerland, police said on Sunday.
North Korea fired a ballistic missile into the East Sea, according to South Korea and Japan, as regional diplomacy and security concerns remain in focus.
The United States launched an overnight military operation in Venezuela and captured its long-serving President Nicolás Maduro on Saturday, U.S. President Donald Trump said, pledging to place the country under temporary American control and signalling that U.S. forces could be deployed if necessary.
The UN Security Council will hold an emergency meeting Monday to discuss the U.S. operation in Venezuela.
India’s largest oil refiner, Indian Oil Corporation (IOC), has taken a significant step towards diversifying its crude oil supply by purchasing Colombian crude, from state oil company Ecopetrol, for the first time.
China has given the nod for car makers to sell Level 3 self-driving vehicles from as early as next year after it approved two electric sedans from Changan Auto and BAIC Motors.
Warner Bros Discovery’s board rejected Paramount Skydance’s $108.4 billion hostile bid on Wednesday (17 December), citing insufficient financing guarantees.
Ford Motor Company said on Monday it will take a $19.5 billion writedown and scrap several electric vehicle (EV) models, marking a major retreat from its battery-powered ambitions amid declining EV demand and changes under the Trump administration.
U.S. stock markets closed lower at the end of the week, as investors continued to rotate out of technology shares, putting pressure on major indices.
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