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Hard Numbers: India taxes diesel exports, Donetsk citizens told to flee, France nationalizes EDF, NYC needs lifeguards
Employee at a gas station during a protest against rising fuel prices in Assam, India.
David Talukdar via Reuters Connect
100,000: New export taxes on fuel could reduce the amount of diesel India sells abroad by as much as 100,000 barrels per day, exacerbating shortages and high prices elsewhere. Meanwhile, the Indians keep scooping up Russian oil at bargain prices.
350,000: The governor of Donetsk is urging 350,000 civilians to escape the Ukrainian province as Russia advances in its bid to seize the entire eastern Donbas region. The Russians took Luhansk over the weekend and now control about half of Donetsk.
100: France will take 100% control of the debt-ridden power group EDF. The state already owned 84%, but EDF has been sustaining huge losses after investing in more nuclear plants and footing the bill for energy price caps introduced in January. The government hopes this will help France move away from fossil fuels.
Mastercard Economic Institute's Outlook 2026 explores the forces redefining global business. Tariffs, technology, and transformation define an adaptive economy for the year ahead. Expect moderate growth amid easing inflation, evolving fiscal policies, and rapid AI adoption, driving productivity. Digital transformation for SMEs and shifts in trade and consumer behavior will shape strategies worldwide. Stay ahead with insights to help navigate complexity and seize emerging opportunities. Learn more here.
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