Comprehensive reporting from the Economy bureau.
Low cost carrier ceases service after failed rescue efforts, leaving millions of passengers stranded and thousands unemployed
Brent crude climbs sharply amid stalled diplomacy, with global markets rattled by continued blockade of key energy routes
Analysts warn prolonged instability in the Strait of Hormuz could threaten Gulf Cooperation Council trade routes and energy exports
Rising oil costs and regional tensions are forcing airlines across Asia to cut costs, raise fares, and rethink operations.