1. Three-Day Strike at France’s EDF Begins France’s state run energy economy EDF launched a three day strike from 1 September to oppose proposed budget cuts from 2026, risking reduced electricity production from possible power supply disruptions across the country. The labor action adds to the mounting pressure on Prime Minister Bayrou's minority government ahead of a conference vote scheduled for 8 September, threatening political stability. Citizens already grappling with inflation fear further economic hardship. Union leaders have signaled possible escalation if talks fail. Source :Reuters 2. Brent Crude Prices Rise Brent crude oil climbed 1% to $96 per barrel as geopolitical tensions in the Middle East and Russia triggered supply concerns. A weakening US dollar also made commodities more attractive for investors. Energy experts warn that prolonged conflict in oil rich regions could push prices past $100, fueling global inflation. Developing countries dependent on i...
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Showing posts from September, 2025