Bank of England Warns Energy Prices Remain Top UK Economic Risk as Brent Tops $99
Bank of England Warns Energy Prices Remain Top UK Economic Risk as Brent Tops $99

Arya News Agency -LONDON – Bank of England Governor Andrew Bailey told parliament on Tuesday that rising energy costs remain the single biggest threat to Britains economy, as Brent crude surged past $99 a barrel – pushing UK inflation to exceed previous forecasts by a full percentage point in the final quarter.

Other Top News
Russia May Use Digital Currency for Settlements With Friendly Countries
Russia May Use Digital Currency for Settlements With Friendly Countries
Fuel shock squeezes Southeast Asia’s budget airlines
Fuel shock squeezes Southeast Asia’s budget airlines
US-China trade war gives Indonesia shot at boosting investment
US-China trade war gives Indonesia shot at boosting investment
Economy
Putin Meets Witkoff in St. Petersburg For Ukraine Settlement Talks
Putin Meets Witkoff in St. Petersburg For Ukraine Settlement Talks
EconomyWednesday, October ۲۱, ۲۰۲۶ - ۱۳:۰۲:۰۷
Arya News - On Wednesday, US President Donald Trump`s special envoy Steve Witkoff arrived in St. Petersburg for talks with Russian President Vladimir Putin.
Elon Musk says SpaceX and Tesla exploring largest merger in history
Elon Musk says SpaceX and Tesla exploring largest merger in history
EconomyWednesday, October ۲۱, ۲۰۲۶ - ۱۱:۰۱:۳۰
Arya News - Tech mogul says tie-up has a ‘lot of merit’, given firms’ complementary work on AI.
OpenAI says its agents turned off own safeguards
OpenAI says its agents turned off own safeguards
EconomyWednesday, October ۲۱, ۲۰۲۶ - ۱۱:۰۱:۳۰
Arya News - ChatGPT creator says AI agents disabled misalignment monitoring during two internal coding tasks.
No commitment for public funding support for AirAsia, Malaysian Parliament told
No commitment for public funding support for AirAsia, Malaysian Parliament told
EconomyWednesday, October ۲۱, ۲۰۲۶ - ۰۷:۵۷:۲۲
Arya News - Malaysia`s finance ministry said the government is nevertheless monitoring developments in the aviation sector, including the impact of the Middle East crisis, global fuel prices and currency movements on airlines and air connectivity.
Pakistan’s GDP growth revised down to 3.65 percent, as country falls short of target
Pakistan’s GDP growth revised down to 3.65 percent, as country falls short of target
EconomyWednesday, October ۲۱, ۲۰۲۶ - ۰۷:۴۸:۴۵
Arya News - Pakistan`s national GDP registered modest growth alongside an increase in per capita income in dollar terms, reflecting a sluggish pace of recovery in the country’s overall output compared with the previous year, the government said.
No commitment for public funding support for AirAsia, Malaysian Parliament told
No commitment for public funding support for AirAsia, Malaysian Parliament told
EconomyWednesday, October ۲۱, ۲۰۲۶ - ۰۷:۴۸:۴۲
Arya News - Malaysia`s finance ministry said the government is nevertheless monitoring developments in the aviation sector, including the impact of the Middle East crisis, global fuel prices and currency movements on airlines and air connectivity.
Pakistan government ups petrol and high-speed diesel rate
Pakistan government ups petrol and high-speed diesel rate
EconomyWednesday, October ۲۱, ۲۰۲۶ - ۰۷:۳۵:۱۱
Arya News - Prior, the Pakistan government had been announcing weekly revisions to fuel prices since early March, alongside measures for the conservation of fuel amid possible oil supply disruptions due to the ongoing conflict in the Middle East.
Vietnamese energy major plans US$10–15 bil investment in Laos, seeks special incentives
Vietnamese energy major plans US$10–15 bil investment in Laos, seeks special incentives
EconomyWednesday, October ۲۱, ۲۰۲۶ - ۰۷:۳۵:۱۰
Arya News - Viet Lao Energy Investment and Development Joint Stock Company (VLE) and its affiliated companies have positioned themselves as amongst the largest in Laos – with planned investments expected to significantly contribute to the country`s efforts in developing key economic sectors.
Vietnamese energy major plans US$10–15 bil investment in Laos, seeks special incentives
Vietnamese energy major plans US$10–15 bil investment in Laos, seeks special incentives
EconomyWednesday, October ۲۱, ۲۰۲۶ - ۰۷:۳۱:۵۵
Arya News - Viet Lao Energy Investment and Development Joint Stock Company (VLE) and its affiliated companies have positioned themselves as amongst the largest in Laos – with planned investments expected to significantly contribute to the country`s efforts in developing key economic sectors.
Pakistan government ups petrol and high-speed diesel rate
Pakistan government ups petrol and high-speed diesel rate
EconomyWednesday, October ۲۱, ۲۰۲۶ - ۰۷:۳۱:۵۲
Arya News - Prior, the Pakistan government had been announcing weekly revisions to fuel prices since early March, alongside measures for the conservation of fuel amid possible oil supply disruptions due to the ongoing conflict in the Middle East.
Hong Kong, ASEAN can ‘drive economic cooperation across APEC’
Hong Kong, ASEAN can ‘drive economic cooperation across APEC’
EconomyWednesday, October ۲۱, ۲۰۲۶ - ۰۶:۴۸:۳۹
Arya News - Industry experts suggest how Hong Kong and China can play an important role in supporting ASEAN`s supply-chain restructuring process and strengthening economic cooperation across the regional bloc.
Vietnam government steps up price management ahead of year-end
Vietnam government steps up price management ahead of year-end
EconomyWednesday, October ۲۱, ۲۰۲۶ - ۰۶:۴۸:۳۸
Arya News - Vietnam authorities have called for close monitoring, analysis and forecasting of market price movements, with appropriate management measures developed in response to actual market conditions.
India-US deal ‘very-very close’, likely to be signed ‘shortly’: US Secretary of State Rubio
India-US deal ‘very-very close’, likely to be signed ‘shortly’: US Secretary of State Rubio
EconomyWednesday, October ۲۱, ۲۰۲۶ - ۵:۰۸:۳۷ AM
Arya News - US Secretary of Star Marco Rubio, who arrived in Mumbai on October 20, made the remarks while speaking to mediapersons alongside US Ambassador to India, Sergio Gor.
Macron lines up more Gulf diesel as France battles soaring fuel prices
Macron lines up more Gulf diesel as France battles soaring fuel prices
EconomyWednesday, October ۲۱, ۲۰۲۶ - ۰۰:۴۶:۰۲
Arya News - The UAE and Bahrain deals increase French commitments to 295,000 tonnes a month, just over 10 percent of consumption.
US, India Weeks Away From Finalizing Trade Deal - Rubio
US, India Weeks Away From Finalizing Trade Deal - Rubio
EconomyTuesday, October ۲۰, ۲۰۲۶ - ۲۰:۱۶:۵۸
Arya News - The United States and India are expected to conclude a trade deal in several weeks, US Secretary of State Marco Rubio said on Tuesday.
France’s growing debt woes: How bond markets set countries’ borrowing costs
France’s growing debt woes: How bond markets set countries’ borrowing costs
EconomyTuesday, October ۲۰, ۲۰۲۶ - ۱۸:۲۱:۳۳
Arya News - France’s rising debt is unnerving investors, but countries such as the US and Japan owe even greater sums.
SCO Nations Need to Prevent Erection of Trade Barriers - Chinese Premier
SCO Nations Need to Prevent Erection of Trade Barriers - Chinese Premier
EconomyTuesday, October ۲۰, ۲۰۲۶ - ۱۸:۱۰:۳۵
Arya News - Countries of the Shanghai Cooperation Organization (SCO) need to simplify trade and investment procedures and prevent the erection of trade barriers in order to ensure stable and uninterrupted supply chains, Chinese Premier Li Qiang said on Tuesday.
Thailand’s EV import tax plan tipped to trigger year-end booking rush
Thailand’s EV import tax plan tipped to trigger year-end booking rush
EconomyTuesday, October ۲۰, ۲۰۲۶ - ۰۷:۴۲:۲۱
Arya News - Thailand`s government plans to increase the excise tax on fully imported electric vehicles from the current rate of around 10% to at least 30%, with the change expected to take effect on January 1, 2027.
Thailand targets wider EU access for 3 food exports in 2026 deal bid
Thailand targets wider EU access for 3 food exports in 2026 deal bid
EconomyTuesday, October ۲۰, ۲۰۲۶ - ۰۷:۴۲:۱۷
Arya News - Thailand is seeking improved European Union market access for three specific food exports: white rice, chicken, and canned tuna.
Maritime Silk Road to boost development of global blue economy
Maritime Silk Road to boost development of global blue economy
EconomyTuesday, October ۲۰, ۲۰۲۶ - ۰۷:۴۲:۱۴
Arya News - The consensus was reached at the 21st Century Maritime Silk Road Local Government Cooperation and International Friendship Cities Dialogue, held on Saturday in Fuzhou — a coastal city designated as a key hub of the Maritime Silk Road initiative.
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