Developing Story
A story still writing itself. These are events moving in real time, updated as new information arrives rather than filed once and left alone.
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May- 2026 -22 MayEarth
Hormuz crisis forces South Asian nations to reverse decarbonisation, risking higher emissions
Tanker traffic through the Strait of Hormuz is running at 5% of pre-war rates, causing widespread disruptions across South Asia and the Pacific. Bangladesh's fertiliser and garment factories are severely…
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22 MayCapital
South Korean airlines face margin crisis as fuel surcharges double on key routes
South Korean airlines face a margin crisis as domestic fuel surcharges on Korean Air and Jeju Air more than doubled on several routes since late 2025, driven by a 20%…
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22 MayCapital
Oil shock fractures Southeast Asia, hitting Philippines and Thailand hardest
A Middle East-driven oil price surge, with Brent crude between USD 88 and USD 94 per barrel since late April 2026, is fracturing Southeast Asia. Commodity exporters like Indonesia and…
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22 MayCapital
Iran War Drives Asia Currencies to Extreme Bear Scenarios, Forcing Rate Hikes
The Iran war, now in its fourth month, has pushed crude oil prices up 40%, driving extreme bear scenarios for the currencies and bonds of India, Indonesia, and the Philippines.…
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21 MayEarth
India heatwave costs economy $159 billion as New Delhi hits 49.9°C
India is enduring a severe and worsening heatwave season, with New Delhi's Mungeshpur station recording 49.9°C on 29 May 2024 — tying the capital region's all-time high. The Council on…
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21 MayPower
China and Russia deepen strategic ties with 20+ agreements, challenging Western sanctions
On May 16–17, 2026, Xi Jinping and Vladimir Putin signed two joint statements and over 20 bilateral cooperation documents in Beijing, deepening their strategic partnership. China–Russia bilateral trade reached a…
