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British PM calls emergency meeting on economy as Iran war risks mount

March 22 (Reuters) – British Prime Minister Keir Starmer summoned a national emergency meeting on ​Monday to deal with the economic fallout from the escalating war in Iran, as Britain’s government borrowing costs surged to their highest ‌level since the global crisis of 2008. The storm in financial markets intensified in early trade this week after Iran said it would strike the energy and water systems of Gulf neighbours if U.S. President Donald Trump follows through with a threat to hit Iran’s electricity grid. Britain’s heavy dependence on imported natural gas, persistently high inflation ​and stretched public finances have pushed

Gold tumbles Rs 9,050, silver declines by Rs 10,500/kg in Delhi on weak demand

New Delhi, Mar 23 (PTI) Gold prices slumped by Rs 9,050 to Rs 1.43 lakh per 10 grams while silver tumbled Rs 10,500 to Rs 2.30 lakh per kg in the national capital on Monday amid subdued domestic demand and weak global trends. According to the All India Sarafa Association, gold of 99.9 per cent purity plunged by Rs 9,050, or nearly 6 per cent, to Rs 1,43,600 per 10 grams (inclusive of all taxes) from Friday’s closing level of Rs 1,52,650 per 10 grams. Silver also declined sharply by Rs 10,500, or 4.36 per cent, to Rs 2,30,000 per

Trump puts off threat to bomb Iran power grid; three countries reportedly mediating

TEL AVIV/JERUSALEM/WASHINGTON, March 23 (Reuters) – U.S. President Donald Trump said on Monday he had given orders to postpone ​any military strikes against Iranian power plants for five days, hours ahead of a deadline that threatened further escalation in the conflict now in its fourth week. Trump added in a post ‌on his Truth Social platform that the U.S. and Iran had had “VERY GOOD AND PRODUCTIVE” conversations over the past two days about a “COMPLETE AND TOTAL RESOLUTION OF HOSTILITIES IN THE MIDDLE EAST”. A reporter for the U.S. news outlet Axios said Turkey, Egypt and Pakistan had met

Two Indian LPG tankers carrying day’s supply sail through Strait of Hormuz

New Delhi, Mar 23 (PTI) Two more Indian-flagged LPG tankers, carrying roughly a day’s supply of the country’s cooking gas, have safely navigated through the war-hit Strait of Hormuz and are expected to reach Indian shores over the next two days. LPG tankers Pine Gas and Jag Vasant, sailing close to each other, started from the Persian Gulf on Monday morning before crossing the strait, ship tracking data showed. The two ships are carrying about 92,000 tonnes of LPG, said Rajesh Kumar Sinha, Special Secretary in the Ministry of Ports, Shipping, and Waterways, at a news briefing. “The movement has

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