Australian household spending rose 1.6% in March, driven by higher fuel prices linked to Middle East conflict, official data shows.

IMF chief Kristalina Georgieva warns of a 'much worse' global economic outlook if the Middle East conflict persists into 2027, citing risks of rising inflation and oil prices hitting 125 dollars per barrel.

IMF Managing Director Kristalina Georgieva warned that the global economy faces a 'much worse outcome' if the Middle East conflict continues into 2027, potentially driving oil prices to 125 dollars per barrel and fueling inflation.

Libya approves its first unified national budget in 13 years, ending over a decade of fiscal fragmentation. Prime Minister Abdul Hamid Dbeibah confirmed the move following a consensus agreement between the country's rival legislative bodies.

Libyan Prime Minister Abdul Hamid Dbeibah announced the approval of a unified national budget for 2026, marking the first such consensus in 13 years following a deal between the country's rival legislative bodies.

The death toll from a fireworks plant explosion in central China has risen to 26. Authorities continue to manage the site of the incident.

The death toll from a fireworks plant explosion in central China has increased to 26 people.

21 people are dead and 61 injured following an explosion at a fireworks plant in central China. Emergency response teams are currently on the scene.

An explosion at a fireworks plant in central China has resulted in 21 deaths and 61 injuries, according to Xinhua.