Soaring pump prices drive US inflation to highest level in almost two years A surge in prices at the pump due to the Iran war has pushed the inflation rate to 3.3%. Source
EU airline industry warns of fuel shortages if Strait of Hormuz stays closed Airports Council International (ACI) Europe said its members had "increasing concerns" about the availability of jet fuel. Source
Dolce & Gabbana co-founder steps down as chair The bold and sensual fashion house has been struggling with debt amidst a slowdown in global luxury spending. Source