Europe Fuel Crisis: In the midst of the Iran war, global energy has now reached the sky, due to which the threat to air travel has started increasing. The International Energy Agency (IAE) has warned that Europe probably has only six weeks of jet fuel left. Meanwhile, if a large part of the supplies coming from the Middle East is not completed soon, the situation will become more serious by June.

In fact, the Strait of Hormuz, an important route for bringing jet fuel from the Gulf, has been closed for the last six weeks, due to which the supply has been greatly affected. For this reason, the prices of jet fuel are increasing rapidly and the risk of shortage is also increasing. According to IEA chief Fateh Birol, if this situation continues, many flights may have to be cancelled.

Fear of increasing fuel crisis

IEA said that earlier Europe used to import about 75 percent of its jet fuel from the Middle East, but now to meet the shortfall, European countries are trying to increase supplies from countries like America and Nigeria. However, experts believe that this will not be able to fulfill the entire shortcoming.

The report also said that if Europe is unable to meet even 50 percent of its Middle East imports, there may be a fuel shortage at some airports, which will lead to cancellation of flights. Even if 75 percent of the supply is changed, the pressure may still remain before August. The British government has said that it is monitoring the situation in collaboration with airlines and fuel suppliers. At present there is no major problem in the UK, but there is concern about the future.

160 flights canceled in Europe

On the other hand, airlines are also being affected by this crisis. Jet fuel prices reached a record high of $1,838 (approximately Rs 1.53 lakh) per tonne in April, which was earlier around $831 (approximately ₹69,000 – ₹70,000). This has increased the cost of airlines, because fuel accounts for 20-40 percent of their expenses. Some airlines have also started taking steps.

EasyJet had to incur additional fuel expenses in March itself, while KLM has decided to cancel 160 flights in Europe next month due to rising costs. However, the European Commission says that at present there are no clear signs of fuel shortage, but supply-related problems may arise in the future.

Asia Richest Person Gautam Adani: Asia has got its new business king. Gautam Adani has become the richest person in Asia, leaving Mukesh Ambani behind. This is a new change in the ranking of billionaires. According to the latest data of Bloomberg Billionaires Index, Gautam Adani’s total wealth has increased to $92.6 billion. With this figure he has achieved the top spot in Asia.

If we look at the figures, Gautam Adani’s net worth has now reached $92.6 billion, making him 19th in the list of the world’s richest people. At the same time, Mukesh Ambani has now slipped to second place in Asia and 20th place globally with wealth of $90.8 billion. Interestingly, in the last single day, Adani’s wealth saw a huge jump of about $3.56 billion, which took him across the victory line.

Tremendous rise seen in shares of Adani Group

The main reason for this change was the fluctuations of the stock market. While Adani Group’s shares saw a tremendous rise, Ambani’s wealth has declined by about $16.9 billion so far this year due to sluggishness in Reliance’s shares and market volatility. In contrast, Adani has added $8.1 billion to his total wealth this year. This shows how strong Adani Group’s hold has become in the infrastructure and energy sectors.

Elon Musk is the richest man in the world

Not only in India, the ranking of the rich is changing all over the world. Elon Musk ($656 billion) is still at the forefront as the richest person in the world. After him comes Larry Page and Jeff Bezos. Since the beginning of 2026, there has been a decline in the wealth of many of the world’s top 20 richest people, including names like Bernard Arnault and Warren Buffett.

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Asia’s Richest Families List: Today the whole world is talking about Artificial Intelligence i.e. AI. AI has brought a lot of changes in our lives. Through this, many of our tasks become easier. In such a situation, many big business families of Asia are quietly earning money from those sectors which support AI, like metal, chips, banking and property. Their earnings are also increasing rapidly in traditional business.

According to a Bloomberg report, there has been a tremendous increase in the total wealth of the top 10 richest families in Asia in 2026 and the biggest reason for this is the increasing demand for AI infrastructure such as data centers, energy and raw materials. Along with this, there has also been improvement in the real estate sector of Hong Kong, due to which the wealth of these families has further increased.

Ambani family at the forefront

Let us tell you that the Ambani family is at number one in this list, you will be surprised to know whose total wealth. Talking about his total wealth, it is approximately $89.7 billion. 7.4 lakh crore rupees in Indian rupees. His company Reliance Industries is growing rapidly in energy, telecom, retail and financial services. Mukesh Ambani has also planned to invest up to $120 billion (about Rs 10 lakh crore) in AI infrastructure in the next 7 years.

Kwok family at number two

Now let’s talk about who is in second place, then in second place is the Kwok family, whose wealth is $50.2 billion (about Rs 4.15 lakh crore). His business is related to real estate in Hong Kong, where improvement is now being seen.

Lee family at number three

At third place is Samsung’s Lee family, whose total wealth is $45.5 billion (about Rs 3.78 lakh crore). Samsung has a strong hold in the field of semiconductor and smartphones. Their growth continues with their focus on AI and robotics.

Global expansion of Cheravanont family

The Cheravanont family is in fourth place with a wealth of $44.8 billion (about Rs 3.72 lakh crore). His Charoen Pokphand Group works in many sectors like food, retail and telecom. The company has also planned to open new stores in many countries of Asia.

Zhang family benefits from aluminum

The wealth of the Zhang family is $44.7 billion (about Rs 3.71 lakh crore), which is linked to their company China Hongqiao Group. The increasing demand for aluminum in AI, electric vehicles and renewable energy has increased their earnings.

Tsai family’s stable income

Taiwan’s Tsai family, with a net worth of $34.3 billion (about Rs 2.85 lakh crore), is continuously earning profits from financial services such as banking and insurance.

Yuvidya family and Red Bull

The total wealth of the Yuvidya family is $32.9 billion (approximately Rs 2.73 lakh crore). His brand Red Bull has become a global brand from a local drink and is continuously generating good profits.

Hartono family’s banking stakes

Indonesia’s Hartono family has a strong position in the banking sector with assets of $30.2 billion (about Rs 2.50 lakh crore). His stake in Bank Central Asia is a major source of his income.

Mistry and Jindal families of India

The wealth of the Mistry family is $29.5 billion (about Rs 2.45 lakh crore), which is linked to the Shapoorji Pallonji Group. The Jindal family, with $29.4 billion (about Rs 2.44 lakh crore), works in sectors like steel, energy and cement.

Aviation Turbine Fuel Prices Increased: New prices of Aviation Turbine Fuel (ATF), the fuel used in airplanes, will be applicable from April 1 and this time the signs are not looking good. The rising international prices of crude oil have already indicated that the pressure is going to increase. Its prices are updated only on one date every month, so at the beginning of the war last month on March 1, the effect of the war was not visible, but now the situation is different.

Even today, due to the ongoing tension in West Asia, the prices of crude oil in the international market are higher than before and the rupee is also weak. Both together are creating an environment for making ATF expensive. If ATF becomes expensive then its direct effect will be visible on your ticket. The cost of airlines will increase and ultimately the common passenger will have to bear the burden. Be it planning a vacation, taking a flight in an emergency or having to go somewhere suddenly, everyone’s budget can get spoiled.

If ATF is expensive then ticket is expensive, how does this mathematics work?

On the 1st of every month, IOC, BPCL and HPCL together decide the new prices of ATF. The base price, central excise duty, state VAT and dealer commission is the price that the airlines have to pay and 30 to 40 percent of the total operating expenses of any airline is ATF alone, that is, if ATF becomes even a little expensive, the cost of the airline directly increases and that burden ultimately falls on the passenger’s ticket.

State VAT is the real problem

The biggest problem in the price of ATF is the VAT i.e. sales tax of the states. In Maharashtra, there is around 25 percent VAT on ATF, in Delhi it is above 20 percent, whereas Andhra Pradesh and Telangana reduced VAT to 1 percent and the result was that aviation grew rapidly there. The same ATF is expensive in Mumbai and cheap in Hyderabad only because of the state tax, the Center cannot intervene directly even if it wants to, this is the problem.

ATF has not yet come under the purview of GST. Like petrol-diesel, it is also in the hands of the states. That is why even if the central government wants, it cannot decide VAT directly and can only appeal. This is the reason why the Aviation Minister is preparing to write a letter to the Chief Ministers of the states in which there will be a request to reduce VAT on ATF. A separate letter will also be sent to the finance departments of the states.

Airport charges will also be reviewed

The Aviation Ministry says that it is exploring options keeping in mind the airlines, passengers and airports. In this series, a meeting will also be held with airport operators in which various charges to be collected from passengers will be reviewed and the objective is that if fuel is expensive on one side, relief can be given on the other side.

Till now only the navies of three countries, India, China and Japan, have aircraft carriers in the Asian continent, but now Indonesia’s name is going to be included as the fourth country in the list of the giants of the Asian sea. Indonesia may soon become the fourth country in Asia to acquire an aircraft carrier.

How many aircraft carriers do Asian countries have??

India, one of the countries equipped with the power of aircraft carriers, currently has two aircraft carriers INS Vikrant and INS Vikramaditya. At the same time, the Chinese Navy has three aircraft carriers named Liaoning, Shandong and Fujian. While China’s neighboring country Japan has recently converted two of its helicopter docks into aircraft carriers housing F-35B stealth fighter jets.

What did the Indonesian Defense Ministry say??

According to the Eurasian Times report, the Indonesian government is in talks to buy Italy’s ITS Giuseppe Garibaldi aircraft carrier. The Defense Ministry of Indonesia on Friday (February 13, 2026) has given a grant to Giuseppe Garibaldi on behalf of the Government of Italy. In such a situation, important negotiations and other important processes are going on between the two countries regarding the purchase of aircraft carriers.

Indonesia may be equipped with aircraft carrier by October

Chief of Staff of the Indonesian Navy, Admiral Muhammad Ali, expressed hope that Indonesia’s first aircraft carrier built in Italy, Giuseppe Garibaldi, could arrive in October this year. If this deal with Italy is completed, Indonesia will become the fourth country in the Asian continent equipped with the power of aircraft carriers.

was built in the 1980s ITS giuseppe garibaldi

The aircraft carrier ITS Giuseppe Garibaldi, which Asian country Indonesia is in talks with Italy to purchase, was built in the 1980s. This aircraft carrier weighs 10,300 tonnes, which is capable of carrying fixed-wing aircraft like Harriers and helicopters.

Henley Passport Index has released the ranking of 2026 regarding passports around the world. This year, Singapore’s passport has been declared the most powerful passport in the world. This means that a person holding a Singapore passport can travel to 192 countries without a visa.

The growing power of Asia is clearly visible in this list. After Singapore, Japan and South Korea are in second place, which get visa free entry in 188 countries. Many European countries have fallen to the third and fourth positions, while the United Arab Emirates has jumped 57 places in the last two decades to reach the top 5. Although there are many countries at the same position.

America returns to top 10

If we talk about the position of the most powerful country in the world, after the decline last year, America has again returned to the top 10 and is at 10th place among 179 countries with visa free access. Apart from this, Australia, Canada and Malaysia have also been successful in making place in the top 10. On the contrary, Afghanistan is at the bottom in the list of weakest passports in the world. Visa-free travel is possible to only 24 countries with an Afghan passport.

There are countries like Syria (100th), Iraq (99th), Pakistan (98th), Yemen and Somalia. According to the report, today there is a gap of 168 countries between the strongest and weakest passports. In the year 2006 this gap was only 118 countries.

Pakistan lags behind even after improvement in ranking

Pakistan managed to enter the top 100 by ranking 98th. Last year it was at 103. Let us tell you that this is the first time in 10 years that Pakistan has come in the top 100. However, despite improvement in ranking, Pakistan remained a laggard. Last year, despite being ranked 103, Pakistanis could travel to only 33 countries visa free. This year, when the rank is 98, only 31 countries can be visited, that is, 2 more countries have been reduced.

What is the status of Indian passport?

Talking about India, India has reached 80th position in 2026, which is 5 places higher than last year. In 2025, India was at 85th position. Indian passport holders now get visa free or visa on arrival facility in 55 countries. From India’s point of view it is being considered very positive.

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India’s Forex Reserve: There has been a stir in global and domestic business circles after US President Donald Trump hinted at imposing tariffs of up to 500 percent on India. The effect of this apprehension is directly visible on the stock market also. In the last five trading sessions, the Sensex has fallen by almost 2000 points, while the Nifty has also registered a decline of more than 2 percent. On the other hand, India has made it clear that it is not going to bow down to any kind of pressure. The Indian Ministry of External Affairs has clearly said that the government is keeping an eye on the markets around the world to meet the country’s energy needs and there will be no compromise with national interests.

shock on the economic front

Meanwhile, another shock has emerged on the economy front. According to the Reserve Bank of India (RBI), the country’s foreign exchange reserves declined by $9.81 billion to $686.80 billion in the week ending January 2. A week before this, an increase of 3.29 billion dollars was recorded in the foreign exchange reserves and it reached the level of 696.61 billion dollars. It is clear from the latest data that the recent global uncertainty and market pressure has also affected India’s reserves.

According to the central bank data, the biggest reason for this decline has been the decrease in foreign currency assets (FCA), which decreased by $ 7.62 billion to $ 551.99 billion. These assets, measured in dollar terms, constitute the largest portion of foreign exchange reserves and also include the impact of fluctuations in the value of non-US currencies such as the euro, pound and yen.

Impact of global stress dominates!

RBI also said that during this period the value of the country’s gold reserves decreased by $ 2.06 billion to $ 111.26 billion. At the same time, Special Drawing Rights (SDR) decreased by $ 25 million to $ 18.78 billion. Apart from this, there was also a decline in India’s reserves with the International Monetary Fund (IMF) and it decreased by $ 105 million to $ 4.77 billion. These figures indicate that the impact of increasing tension and uncertainty at the global level is beginning to be seen on India’s economic situation as well.

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On December 10, Mexico’s Senate passed a major bill, in which there is a provision to impose up to 50% tariff on Asian countries like China, India, South Korea, Thailand and Indonesia. This is exactly like Trump’s tariff, which will come into effect from 2026. Mexico has taken this step by adopting a protectionist policy like the administration of US President Donald Trump, where Trump has also imposed heavy tariffs on Asian countries.

More impact on non-FTA countries

Tariff will be imposed or increased on about 1400 products of Asian countries. Automobiles, auto parts, clothes, footwear, plastics, steel, furniture, toys, aluminum and glass related goods exported to Mexico will be expensive. Countries which do not have a Free Trade Agreement (FTA) with Mexico will be more affected.

This bill was passed rapidly in the Mexican Parliament. The Lower House approved it on December 10, and the Senate passed the bill by a 76–5 vote. President Sheinbaum had made this proposal in September 2025 itself and she is going to sign it soon.

Mexico trying to please America

Donald Trump has put pressure on Mexico to distance itself from China. The US-Mexico-Canada Trade Deal (USMCA) is due to be reviewed in 2026, and the US is considering Mexico as a ‘backdoor’ entry point for China. Experts are saying this is an attempt to please Washington. Like America, Mexico is also moving towards protectionism. This will strengthen Mexico’s local factories and more than 3 lakh jobs can be saved. But imported parts will be expensive, which may increase inflation. Mexican business groups have opposed this.

India-Mexico trade to be worth $11.7 billion in 2024

According to reports, trade between India and Mexico has increased in the last few years. In 2022, trade between the two countries was worth $11.4 billion, however, there was a decline in 2023 and it was $10.6 billion. In 2024, trade jumped to $11.7 billion, which is an all-time high. India’s trade surplus with Mexico is also very high. In 2024, India exported goods worth $8.9 billion to Mexico, while imported goods worth only $2.8 billion.

China has once again surprised everyone in the world of defense. Scientists in Beijing have claimed to have created a hypersonic missile that can change its shape while flying at a speed greater than Mach 5. Till now this was not considered possible, but this ‘morphing weapon’ has broken all the limits of aerodynamics.

This research was done under the leadership of Professor Wang Peng of China’s National University of Defense Technology (NUDT). It has been published in the international journal Acta Aeronautica et Astronautica Sinica. According to the report, this missile can fold or spread its wings during flight, when speed is required, the wings go inside and when the direction needs to be changed, they come out.

How does the shape change during flight?

A state-of-the-art control system (Super-Twisting Sliding Mode Control) has been installed in this morphing missile. This system changes the position of the fins in real-time so that the missile can change shape while remaining stable in the air without changing its direction. That means now the missile itself does not move – its wings move automatically. This is considered to be the most difficult achievement of hypersonic aerodynamics till now.

Technology is amazing, but challenges still remain

Although this discovery of China is surprising, it still faces many difficulties. During hypersonic flight the temperature reaches 2000°C, due to which there is a risk of metal melting. The biggest challenge is to maintain thermal protection and stability. Similarly, problems like control chattering can make the missile unstable in the air.

New hope towards hypersonic passenger aircraft

Chinese experts say that this technology can help in making hypersonic passenger aircraft in the future. However, at present it is being used entirely for military purposes. Beijing is calling this technology the future foundation of its defense sector.

China’s hypersonic missile and global concern

In the 2021 military parade, China had displayed the CJ-1000 hypersonic cruise missile, which many experts are now considering to be a model related to morphing technology. It is believed that this missile can accurately target targets like stealth jets and aircraft carriers. However, the missile was shown in a sealed container, which increased the mystery surrounding its design.

A glimpse of future missile technology – Wang Peng

Professor Wang Peng said that this research is a glimpse of future hypersonic missile technology. He told that China is now working towards not only matching America and Russia, but also surpassing them. This shape-shifting weapon can completely change the global defense balance in the coming years.

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US President Donald Trump, speaking to reporters on Air Force One on Saturday (October 25, 2025), said, ‘I would like China to help us in the matter of Russia. I want China to understand our role in this and cooperate. This statement of Trump has come at a time when the tension between America and Russia regarding the Ukraine War has reached its peak, because Washington has recently imposed new sanctions on Moscow.

Trump will soon leave for his 5-day Asia tour, which includes visits to Malaysia, Japan and South Korea. This will be the longest foreign tour of his tenure so far. He will participate in the ASEAN summit starting from Sunday in Kuala Lumpur.

Trump will also attend APEC summit

White House Press Secretary Carolyn Levitt confirmed that during his Asia tour, President Trump will also attend the Asia-Pacific Economic Cooperation (APEC) summit starting in Gyeongju, South Korea from October 29.

Will meet Xi Jinping

Trump will meet Chinese President Xi Jinping on the sidelines of the summit. The two leaders will also discuss trade talks and US-China tensions. Donald Trump said that he will also discuss the Taiwan issue and the release of Hong Kong’s pro-democracy leader Jimmy Lai in his meeting with Chinese President Xi Jinping. Let us tell you that Jimmy Lai is the founder of the now closed ‘Apple Daily’ pro-democracy newspaper, who has been jailed in Hong Kong by Beijing under national security laws.
Trump is ready to meet Kim Jong Un too

He said that we have a lot to talk about. President Xi also has a lot to talk about with us. I think our meeting will be good. I will talk about the issue of Taiwan. Will not go there, but will definitely discuss it. I have great respect for Taiwan.

Trump also indicated that he is ready to meet North Korea’s Supreme Leader Kim Jong Un during his Asia tour. He said, ‘I am 100 percent ready. I have a good understanding with Kim Jong Un and if I get a chance, I am ready to meet him.

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